How to become a millionaire the lazy way

Created September 17, 2024
Last updated September 17, 2024

Let’s not forget what investing really is. It’s buying and holding assets that provide an income stream and go up in value over time. Namely index funds and investment real estate. Don’t forget that the most optimal path to wealth is the simplest. Buy and hold.‎ Let compound growth do the work over time.
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In our example here, Larry spent all of 45 minutes working on his investments in his LIFE. And today he’s worth over $3 million. You can do the same. The stock market and investment real estate will continue to be productive assets for many decades to come. Don’t let the boring nature of these investments put you off. It’s how rich people do it. Buy and hold. Set up automated investments. Stay the course. Ignore the hype. Get rich over time. It’s worked for 100+ years and I don’t think it’s gonna stop working any time soon.‎

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As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.‎
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-Jeremy‎

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The great debate: rent or buy?

Last night I had this great idea in the shower. I was going to make a post to illustrate the devastating impact of buying a house and selling sooner than five years. The crushing 6% realtor fee (huge relative to a 20% down payment), the missed opportunity cost of investing that down payment, the nefarious impact of taxes, insurance, maintenance, mortgage interest and closing costs. It would serve as an illustration of how the financial benefit of owning is really only reaped after many years of ownership.‎