No it’s not their job….. it’s our job as parents to teach money. I don’t let schools dictate what my children learn growing up because I’m the true teacher/prof/educator
When you are poor luxury cars are appealing. When you become rich and wise, cars, airplanes become transportation means, necessary expenditures, nothing more.
Giving your money away for any purchase is crazy. Why would i have away 50k to a car deakership when i can pop it into an index fund and make 10% and pay off a 5% loan that way. Rich people dont give their money away.
Whole life insurance is not the best method....buy term ( if you need insurance) and invest the difference in a good basket of dividend stocks or an ETF
you lost me when you went Political against AL GORE, blame him for something he has no control over.......not a Gore fan....but its revealed your intentiional bias and dishonesty
What do you believe is the biggest benefit you'll get from becoming your own banker? Comment below!
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Safety from economic cycles, Flexibility, ownership, and the list goes on.
One of the greatest examples of Nelson teaching this section of his book. Page 45 is an amazing teaching tool!
They need to teach this in high school
No it’s not their job….. it’s our job as parents to teach money. I don’t let schools dictate what my children learn growing up because I’m the true teacher/prof/educator
When you are poor luxury cars are appealing. When you become rich and wise, cars, airplanes become transportation means, necessary expenditures, nothing more.
When practicing the principles of Austrian Economics, wages are less important, saving is natural phenomenon
What insurance companies do you use in the US?
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Excellent Video Series
Glad you enjoy it. Nelson was truly one of a kind!
I do the same thing using stock options.
How do you use this method on options trading?
Hardest part is to actually save money
Dont think about saving think about first living within your means and second investing the surplus. Make your money work for you.
Little drives as nice as my Mercedes totally.worth it.
Trading in a car is never smart- sell it privately.
Giving your money away for any purchase is crazy. Why would i have away 50k to a car deakership when i can pop it into an index fund and make 10% and pay off a 5% loan that way.
Rich people dont give their money away.
What math is this?
Whole life insurance is not the best method....buy term ( if you need insurance) and invest the difference in a good basket of dividend stocks or an ETF
I heard that same thought on the Rich Habits Podcast
Bitcoin or BONK… dec 2023
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you lost me when you went Political against AL GORE, blame him for something he has no control over.......not a Gore fan....but its revealed your intentiional bias and dishonesty
Ha! That’s what made stay to watch the whole video! 😂 Gore is the original climate grifter.