Category: Money (page 1 of 1)

This post will shock you. It’ll shock you first and then once what I share sinks in a bit, it’ll clearly demonstrate that, if you have a newborn child or a child who’s still very young, and if you make a decent living, you can easily make that child a multi-millionaire by his or her retirement. Easily. So easily. And legally. For very little effort.

If you have even the slightest interest in finance or current events, you’ve likely noticed that Bitcoin has experienced a remarkable run. While it may be down from its recent highs, its value compared to its origins is still astronomical. That rise has turned people who were once ordinary, everyday citizens into millionaires and even billionaires. Whether they truly deserve that status is another debate entirely; what matters is that countless lives have been transformed by a largely abstract, highly decentralized form of currency.

I should have named this post, “The Reason None of Us are Rich.” That would have been more appropriate because how many of us have the wherewithal to accumulate the first 100k of play (or investment) money? Not many. I can’t count how many friends I’ve attempted to guide toward investing income, only to wallow in disappointment years later after learning that their initial enthusiasm has waned into the abyss of nothingness. It’s a shame, really. Such a shame and I’ll tell you why below.

In today’s post, I’d like to discuss a very simple topic. The topic is investing. The topic many financial advisors would lead you to believe is incredibly difficult to wrap your head around. Of course, if you’ve got loads of money and many options for living and retiring, things can quickly become complicated, but if you’re a regular middle class guy or gal and you’d like to live a bit easier in your later years (45+) and not have to work until you’re 80, you may want to continue reading. The entire thing is very straightforward. It’s a favorite subject of mine, this investing is, but trying to get people to listen to me is a chore unto itself. It’s probably for this reason I chose to write this post. Maybe, just maybe, someone will read it.