Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "What unique things have you done to get ahead financially? "
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]First, I made many mistakes, but learned from them. Most were not under my control at all. Bought two properties for living at different times in life. They were mistakes if I compare what I would have made in the market and simply rented the same place. I didn't know any better. Everyone was buying real estate. I had no idea that most people don't know about markets, but they sure know about real estate. I didn't know because I grew up in a communist country. Also, investing wasn't as cheap and easy as it is now. Thanks, RH. I sold the two properties right before and right after covid. I invested the equity into market and retired. So, OP, per my experience, you'd be way ahead having put the money into market. Give me the numbers and time and I'll tell you how much you'd have. I started investing March 2020 after being laid off, stuck in the house and watching financial youtube videos. I they made me want to buy individual stocks. I bought Tesla, Zoom, Novavax and Bitcoin later. I have seen the ups and downs and feel very comfortable being in the market now. I have learned so much in 4.5 years like patience, buying, selling, taxes, economy - nobody really talks about this. It served me better than my degree. I can start from zero tomorrow and do well in no time. Down market is even better market. I also get people asking me why I don't buy a home. Again, I did the math. The property I want is cheaper to be rented forever than it is to buy. After 30 years, I could buy the property and still have millions left over. All of this is very individual though and dependent on many things. I really don't pay taxes for example because I'm HH and take out long term capital gains up to our expenses. Most of my trading is inside of Roth. What else I've learned to get ahead? Well, doing it for my kids now. They have no interest and wouldn't until ca 40 when they get tired of working. Time is money. I cannot tell them that, 'I told you so' and let time go buy. I never made over $25 an hour, but I always knew I had it in me to get it done. I just wish I had not gone for real estate, and I wish every book, youtuber, article didn't push ETFs. I have the stomach for individual stocks. I would have learned nothing holding an ETF. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics