How do you create finacial secuirty

[SolidusXParticipant 854]

Hello Brothers, I have been over the past decade investing money in all sorts of ways to acquire wealth enough to retire on… I am wondering how you all do it for the long term?

Knowledge is power..... Don't waste your brain on bullshit

[Truthseeker82Participant 6406]

If you can, buy real estate in a desirable area. Then either live in it or rent it out. Do not waste you money on women! Zero return on investment and a depreciating asset – not to mention someone who will depreciate your assets too.

[Anonymous 42]

Ya get together with a bunch of banker buddies and you f~~~ everyone else for theirs!

At least that’s how I’ve seen it done!

[Anonymous 24]

Anonymous wrote:

Ya get together with a bunch of banker buddies and you f~~~ everyone else for theirs!

At least that’s how I’ve seen it done!

And make sure you destroy countries like Libya who want to create gold backed currency so you have no competition vs. your printed from thin air wealth that you get to lend and make money from.

[SolidusXParticipant 854]

I love real estate it makes me bank as ultimately everyone needs 2 things a place to live and food to eat. I do real estate in a different way though… instead of having a grounded place I own.. I buy the companies that own rental property. I do this for a few reasons: 1 I pay no taxes anywhere! With owning actual property you have the property tax/sales tax/and mortgage to pay for… all that money you will never see again nor will it enhance your bottom line. 2 I have zero hassle with renters or trying to find renters as the companies who own the properties have this task to do. 3 I can liquidate everything in a matter of seconds with a few mouse clicks with only the cost of a brokerage fee of $5.00-10.00CAD vs the 1000’s in closing costs and weeks to months of selling a property. and 4 which is a big one, I am never tied to one location in any part of the world, the reason this is big is if one part of a country’s economy tanks so does housing prices… take note of Alberta Canada and the oil industry… I can be heavily diversified and padded against recessions.

Knowledge is power..... Don't waste your brain on bullshit

[Mr.KraftParticipant 236]

I do not like real estate. Too much hassle. Plus depending on state, sometimes it is hard to get rid of tenants.

You need to save and invest about 50% of your paycheck. The compounding interest and dividends from a mutual fund will do miracles in 10-20 year period. Plus save cash in the bank for a rainy day. Plus don’t get fired

[Won'tGetFooledAgainParticipant 3293]

I currently have a six figure sum of cash in the bank with zero debt and am in the process of using this money to buy a house. In the UK the best return on your savings you will get is 1%, but inflation is currently running at 1.1% and will no doubt go higher due to Brexit. What this means is that I am actually losing money by keeping it in the bank and I also run the risk of the government potentially stealing it with negative interest rates in future.

I feel that property gives me the best financial security, I can rent it out and if the s~~~ hits the fan I always have somewhere to live.

The way the UK government are printing money with Quantitative Easing and artificially low interest rates I feel the best place to put your money is into assets right now. I personally feel gold is being controlled by the markets and I am not confident enough to invest in the stock market.

Give me property any day.

For women, everything eventually boils down to Alpha Fucks, Beta Bucks.

[Johndom999Participant 376]

Include blue chip dividend stocks in ur financial portfolio. U, urself(no stock broker, buy & pay roughly $10.00 commission), buy high quality dividend paying stock. Ideally, when market is down. High quality = company(s) that always(or as close to always as possible) raise their dividend. Companies that have existed for over 100 years. Dividends r paid quarterly. Set it up as a D.R.I.P. = dividend reinvestment plan(the quarterly dividend automatically buys more stock). NEVER SELL. Upon retirement, u can live off dividend or(better) part of dividend as quarterly dividend continues to buy more stock.

[BeerParticipant 11832]

People often focus on investments…but don’t forget the other half of financial security…get your living expenses down. If you only need 20-30k a year to pay all your bills you can be financially independent with a significantly smaller nest egg than if all your bills are running 100k a year. Its always easy to decide you want to spend more money down the road when you have a pile of it set aside…but the older you get the harder it becomes to decide to save more when you’ve already lost time your funds could be compounding and have dug yourself into debt.

[Y_Participant 4591]

Never keep your currency in a bank. Keep it outside of the banking system – somewhere private.

There will be a monetary crash very soon so be prepared for high inflation or cash currency being made illegal.

I recommend you be your own central bank – buy at least 10% of gold and silver (real money not currency) to protect your wealth. Bury it deep and don’t tell anyone.

Real estate, hard assets like farms will also protect your wealth, but remember not to be in debt or hold a mortgage or you will lose that.

Stocks are not the place to be right now – they re heavily over-leveraged. If you must – bonds and US treasuries are low yield but a secondary short-term location for your currency.

[Buller100Participant 2189]

In UK property is the way, borrow off banks at 2.7% Let at 4% you make money one the banks money, plus capital growth.

Salary sacrifice , many companies match pension contributions , any you make you only lose the net of tax amount, invest in the market as young as you can time makes money and diamonds.

Live under your income invest the rest, when young take big risks you have many years to get it right.

Compounding is your friend.

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