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So what will make a person financially secure these days?
Posted on 4/11/16 at 9:19 am
Posted on 4/11/16 at 9:19 am
I do believe there are different avenues to financial security. But what are they these days?
Posted on 4/11/16 at 9:22 am to bourne1978
Making and saving/investing a lot of money.
Posted on 4/11/16 at 9:29 am to Teddy Ruxpin
quote:
Making and saving/investing a lot of money.
That about covers it
Posted on 4/11/16 at 9:39 am to bourne1978
quote:
I do believe there are different avenues to financial security. But what are they these days?
Well, as always you have people who wrongly believe that real estate, equities, or entrepreneurship are good pathways but these are all scams.
I put all my money in a diversified portfolio of gold, bitcoins, Iraqi Dinar, and universal life insurance. I have also taken advantage of several awesome business opportunities (Team National, Advocare, and a few others) that I anticipate will start making me loads of money really soon.
Posted on 4/11/16 at 9:42 am to bourne1978
You must do two of the following three really well: earn money, save money, or grow money.
Posted on 4/11/16 at 10:50 am to schexyoung
A billion dollars in liquid assets would make me feel secure.
Posted on 4/11/16 at 10:57 am to Huey Lewis
quote:
Well, as always you have people who wrongly believe that real estate,
quote:
but these are all scams.
you keep thinking it buddy
Posted on 4/11/16 at 11:08 am to bourne1978
Decent income, good savings plan, little debt.
Posted on 4/11/16 at 11:11 am to Broken Ear Glen
quote:
Broken Ear Glen
quote:
quote:
Well, as always you have people who wrongly believe that real estate,
quote:
but these are all scams.
you keep thinking it buddy
He was using the sarcasm font Glen.
Posted on 4/11/16 at 11:13 am to bourne1978
My list....
No debt including home
Passive Income that covers basic living expenses
A savings rate of over 25%
Not the standard rule but its mine. Any sort of debt infringes on my definition of freedom.
No debt including home
Passive Income that covers basic living expenses
A savings rate of over 25%
Not the standard rule but its mine. Any sort of debt infringes on my definition of freedom.
Posted on 4/11/16 at 3:05 pm to Broken Ear Glen
quote:
you keep thinking it buddy
quote:
Broken Ear Glen
something else is broken...
Posted on 4/11/16 at 3:30 pm to Huey Lewis
quote:
diversified portfolio of gold, bitcoins, Iraqi Dinar
Posted on 4/11/16 at 3:34 pm to bourne1978
quote:
So what will make a person financially secure these days?
1. Get to work early every day.
2. Work hard every day.
3. Strike oil.
Posted on 4/11/16 at 3:44 pm to bourne1978
Work hard and live within your means so you are a regular saver. And most importantly, be honest with YOURSELF. Too many people lie to themselves to justify bad decisions. The rest will generally take care of itself.
Posted on 4/11/16 at 4:20 pm to LSURussian
quote:
1. Get to work early every day.
2. Work hard every day.
3. Strike oil.
J. Paul Getty could not have said it better.
Also, make more than you spend.
Repeat.
Posted on 4/11/16 at 7:09 pm to kywildcatfanone
quote:
Decent income, good savings plan, little debt.
This has worked the best, for the most, for the longest.
Posted on 4/11/16 at 7:21 pm to bourne1978
House, no debt, 5 million dollars earning interest.
Posted on 4/12/16 at 8:45 am to bourne1978
No debt (including home)
Two years living expenses (cash in bank) saved up.
Two years living expenses (cash in bank) saved up.
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