The grind from nothing to a $100,000 net worth seems way easier than going from $100k to a million.
Starting with nothing it was easier to take more risks with bigger growth opportunities because I had less to lose.
Now that my net worth is more than $200k I’m not taking asrisk
The best investors realize that buying index funds is the best investment strategy.
They don’t try to time the market — they just stay invested and buy along the way
Young couple I was talking to started telling me how they couldn’t afford to buy a house and how unaffordable home prices are.
I started to feel bad for them until I found out they were paying $3,000/month in rent.
Like that’s pretty much a mortgage payment right there.
This is the worst investing mistake that I have ever made.
Investing $5,000 into penny stocks thinking that I would get rich.
That decision cost me years of compound interest because I thought investing was risky.
When the real risk was not learning how to invest properly.
Am I crazy for thinking that health insurance for two people should not cost $1,500/month??
What exactly am I getting for $1,500/month if I still have to pay to go to the doctor and get medicine
Busy days at work make me genuinely happy that a majority of my money is invested in index funds.
I don’t need to worry about what the market is doing on a day to day basis or be stressed about a stock.
If you invested $10,000 into Nike stock 5-years ago you would have $2,300 today.
If you invested $10,000 into the S&P500 5-years ago you would have $17,300 today.
I’m not against buying some single stocks to have some fun while investing.
But if you’re serious about building long term wealth you should be focused on buying index funds.
Talked to a young married couple the other day that were gifted a house from one their parents.
Their parent is getting older and looking to downsize into a smaller home.
Instead of selling the house to strangers they decided to help their kids with a gift.
Wonder if this goin
BERKSHIRE HATHAWAY JUST UPDATED THEIR TOP PORTFOLIO HOLDINGS:
1. Apple
2. American Express
3. Coca-Cola
4. Google
5. Bank of America
6. Chevron
I’ve never seen a better stack of top holdings.
$BRK.B looks like a great investment right now.