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Best Financial Advice You Ever Got: Article in the WSJ Today
Posted on 10/21/19 at 7:19 pm
Posted on 10/21/19 at 7:19 pm
Found an article in the WSJ this morning with short stories submitted from readers that described the best financial advice they ever got. Any advice/stories from the millionaires of the OT? 
Inb4: Money board
Inb4: Money board
This post was edited on 10/21/19 at 7:30 pm
14
Posted on 10/21/19 at 7:21 pm to PropofolPapi
Behind a pay wall for me, got the Cliffs?
Posted on 10/21/19 at 7:22 pm to East Coast Band
Not reading the entire thing.
Whatever.
Whatever.
This post was edited on 10/21/19 at 7:24 pm
Posted on 10/21/19 at 7:22 pm to PropofolPapi
It’s behind a paywall
Never pay for WSJ articles
quote:
Best Financial Advice You Ever Got
Never pay for WSJ articles
Posted on 10/21/19 at 7:24 pm to WaWaWeeWa
quote:
Never pay for WSJ articles
Actually probably one of the few that would be worth it, IMO
Posted on 10/21/19 at 7:24 pm to WaWaWeeWa
quote:
Never pay for WSJ articles
Never pay full price. I got the journal print and digital editions student discount for 4 months for $1.04
Posted on 10/21/19 at 7:25 pm to WaWaWeeWa
Last man on the deal team.
Posted on 10/21/19 at 7:50 pm to PropofolPapi
Only 1:
Stop buying stupid shite you do not need.
Stop buying stupid shite you do not need.
Posted on 10/21/19 at 8:01 pm to PropofolPapi
This one has served me well.
The easiest way to double your money is to fold it half and stick it back in your pocket.
The easiest way to double your money is to fold it half and stick it back in your pocket.
Posted on 10/21/19 at 8:02 pm to PropofolPapi
I do. If you want to hit a home run, and you do due diligence, remember that you’re the boss.
ETA: broker is looking out for numba one, and that ain’t you
ETA: broker is looking out for numba one, and that ain’t you
This post was edited on 10/21/19 at 8:07 pm
Posted on 10/21/19 at 8:06 pm to PropofolPapi
If it floats, flies, or fricks rent it.
Posted on 10/21/19 at 8:19 pm to UnitedFruitCompany
quote:
If it floats, flies, or fricks rent it.
Posted on 10/21/19 at 8:26 pm to PropofolPapi
Live below your means
Spend money on life experiences, not things
Spend money on life experiences, not things
Posted on 10/21/19 at 8:32 pm to PropofolPapi
Everything I learned about finances I learned in kindergarten.
Had my first mortgage at the age of 19. Worked 12 hour shift work job. Paid that first house off when I was 37. Haven't had a car note after 1984, at 26, because I've always paid cash for nice new cars.
Never pay on credit except for cars and mortgage. Have fun, but don't be stupid. Don't keep up the the Joneses, and you will soon surpass them in wealth. Keep mortgages to 15-18 years. DO NOT PAY STUPID CREDIT CARD INTEREST!!!!
Had my first mortgage at the age of 19. Worked 12 hour shift work job. Paid that first house off when I was 37. Haven't had a car note after 1984, at 26, because I've always paid cash for nice new cars.
Never pay on credit except for cars and mortgage. Have fun, but don't be stupid. Don't keep up the the Joneses, and you will soon surpass them in wealth. Keep mortgages to 15-18 years. DO NOT PAY STUPID CREDIT CARD INTEREST!!!!
Posted on 10/21/19 at 8:38 pm to PropofolPapi
Ask anyone who has bought a boat, a plane, or has done division with the "right one" and you'll know just how great this financial advice is, baw.
Posted on 10/21/19 at 8:44 pm to Enadious
quote:
Never pay on credit except for cars and mortgage. Have fun, but don't be stupid. Don't keep up the the Joneses, and you will soon surpass them in wealth. Keep mortgages to 15-18 years. DO NOT PAY STUPID CREDIT CARD INTEREST!!!!
Good practical advice. I always say, "if it makes you money, its ok to borrow money (sensibility), if it doesn't make you money, pay cash."
Cars get to you to work to make money, houses appreciate in value. Boats, campers, ATVs, etc, depreciate more than cars.
Posted on 10/21/19 at 8:48 pm to PropofolPapi
Never pay 600.00 for a new phone, make your coffee at home, pay yourself first.
Posted on 10/21/19 at 9:31 pm to white perch
quote:
Spend money on life experiences, not things
Ah yes the refrain of every person who was trying to defend why they didn’t buy a house but were spending the money traveling the world instead.
This post was edited on 10/21/19 at 9:32 pm
Posted on 10/21/19 at 9:41 pm to tigerinthebueche
I don't think that is what he is arguing here
Posted on 10/21/19 at 9:43 pm to PropofolPapi
Marry rich
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