The U.S. is $37T in debt. Most people don’t know what that means or who pays for it.
Spoiler: you do. Through taxes, inflation, or slashed benefits.
We just haven’t decided when to pay it back. That’s why now’s the time to stack cash, grow income, and lock in #FinancialFreedom
@SparkingFIRENC@iRacing Depending on where you live, see if facebook marketplace has a good deal. I got mine for a steal: $400
Runs very well and I've had it for 2.5 years.
A reminder: the price you pay for a stock is just as important as the quality of the business.
Even a great company bought at the wrong price can leave you going nowhere for a decade
In the 1960s, the average stock holding period was ~8 years. Today? Around 5–6 months.
Most people expect 6 years of gains in 6 months. Patience is the name of the game
Warren Buffett has many reasons for a large cash pile but one of them is for taxes.
He believes that eventually we will be in a time with higher taxes to pay off the debt we have