But yeah sure. Some threads are longer than others and take more time to completely ameliorate. The difference is all mental. I donāt think about what I wanna do, I just do it.
Yeah Iām not so sure about the traveling. Weāve traveled. Thereās not a whole lot we want to see and I donāt have bucket lists of places to go. Maybe two or threeā. Portugal, northern Italy and we like Japanā Iād like to see the closer Japanese islands.
I have friends, and things to do in NY; my wife has friends and family here. The days of wanting to hit every MLB ball park are over Iād say.
I read this back in the day when I was learning up. Skip this - Rich dad poor dad is presented as factual but is a work of fiction, and doesnāt provide much useful info, and some downright shitty, shitty info.(utilize insider trading and contract fraud! Uh, no thanks bud).
Dave Ramsey is ok for people struggling with the basics, but not very useful beyond that (to be fair, thatās his audience). Also has some sporty advice that might (is likely to) leave you in a bad spot (most notoriously his 8% withdrawal rule.of thumb vs the more typical 4% - run that through firecalc and see where you end up (spoiler - you run out of money more often than not over 30 yr periods)).
Iād go with decide what kind of investments youāre interested in and buy a $100-200 per year newsletter subscription.
I have used Bret Owenās for years. I like dividends. I used to have The Motley Foolās back in the day.
You can learn a lot by digging into what they recommend or you can do what they suggest and not think too much about it (which is where I am with Owenāsā he says buy, I buy. He says sellā I usually sellā unless he says itās still
Good but not what the newsletter is after, for example, hidden yields).
Of course, over the years, read your Buffet, Lynch, Jim Rogers et al, and by all means read RDPD, and youāll see whoās talking shit.
Yes. But if youāre retired, you most likely have U$100,000 in assets (aggregate of cash, stocks, bonds, etc.) in your brokerage account.
So, CD is not worth it, just get your IRAs, 401ks, cash, stocks, etc. in IBKR or Fidelity and unused cash gets that nice interest rate. Donāt have to deal with CDs.
This, what? Itās shit, even for those learning up. Itās craptaculous fiction with bad financial advice. The only good advice is kind of a general be financially literate, but the book doesnāt actually help with that.
Yep, now even more before than when he was just peddling bad advice fiction as autobiographical. Heās on the seminars to sell you more seminars circuit, get rich no money down real estate circuit, pimping gold grift circuit, etc, etc.
No offense but thatās your opinion of the material.
Fact is that the book sold millions upon millions of copies around the world and has been the start of many people who have reached a level of financial freedomā¦myself included.
Yes it is not all useful and kiyosaki himself is controversial- but the book still stands as a good introduction to financial freedom and how to set yourself up to be rich.
No, objectively, thereās seriously lousy advice in there, like get non public info from your rich friends for stock trades. Thatās insider trading. Not great.
That is not a measure of quality.
Cool - what did you take away from that book (specifically) that was helpful?
