From Age 20 to 40

Topic by FunInTheSun

FunInTheSun

Home Forums Money From Age 20 to 40

Tagged: ,

This topic contains 3 replies, has 4 voices, and was last updated by Unicron  Unicron 3 years, 2 months ago.

Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • #369795
    +4
    FunInTheSun
    FunInTheSun
    Participant
    8289

    If you young men begin to do steady work at age 20, get a 401(k) plan or an IRA, and invest your savings regularly for 20 years, you’ll be in a good situation by the time you reach your 40th birthday.

    Don’t make the mistakes I made years ago. I used to waste $100 at the nudie bars every other week. I was bored. I wish I would’ve bought some Google/eBay stock instead.

    The $5000 you would’ve spent on an engagement ring will someday become $50,000—with the right kind of investments earning interest.

    Good times are ahead, young MGTOWs. Do not let this world get you down.

    Be patient and persistent, work hard, and wear a condom.

    I have a subscription to Forbes magazine. I love their articles. I recommend reading about the world’s billionaires and finding out what they’re betting on. Whatever’s good enough for them is good enough for me.

    "I saw that there comes a point, in the defeat of any man of virtue, when his own consent is needed for evil to win-and that no manner of injury done to him by others can succeed if he chooses to withhold his consent. I saw that I could put an end to your outrages by pronouncing a single word in my mind. I pronounced it. The word was ‘No.’" (Atlas Shrugged)

    #369819
    +3
    Stargazer
    Stargazer
    Participant
    12505

    I disagree. Use your excess capital to invest in your own business. It will pay you 100x or 1000x what a retirement plan will pay.

    Once you’ve got passive income in excess of your need, zero consumer debt, transportation and domicile paid for in full and three months to a year of cash squirreled away in a SAFE PLACE (e.g. Not a bank!), THEN you should be investing in rental properties as Stealthy has been recommending.

    Assets will provide you all the annuity you require at the time of your retirement. Money in the bank will either be inflated away or seized and paper investments can vanish overnight but assets such as a business or rental property are far more reliable for long-term value generation that keep up with inflation.

    401k plans are for turtles. Be an eagle.

    #369829
    +1

    401k plans are for turtles. Be an eagle.

    My thoughts all in one quote!

    Never lose sight of what brought you here.

    #370026
    Unicron
    Unicron
    Participant
    752

    In an age when all your savings can be wiped out by the press of button, you’d be better off putting it under the mattress.

    Marriage is the process of finding out what kind of man your wife would have preferred.

Viewing 4 posts - 1 through 4 (of 4 total)

You must be logged in to reply to this topic.