FREE COURSE - 5 Learning Mistakes Software Developers Make http://vid.io/xcHE Visit: http://simpleprogrammer.com/ Soft Skills Book: http://simpleprogrammer.com/softskills What Are Good Ways Of Investing Money? In today's video, I've answered a question about investing money. What are good ways of investing money? Should you focus on real estate, building a business or getting a degree? Are these options even viable for a normal citizen? Besides that, I give you some tips on other strategies you could use to increase your profit, such as lowering your expenses and reducing your costs. Interested in earning more money? Wanna know how to invest your money so you can duplicate your income? Watch this video and find out. Here are the books I've recommended on the video: E-Myth Revisited: http://www.amazon.com/exec/obidos/ASIN/0887307280/makithecompsi-20 Built To Sell: http://www.amazon.com/exec/obidos/ASIN/1591843979/makithecompsi-20 Millionaire Real Estate Investor: http://www.amazon.com/exec/obidos/ASIN/0071446370/makithecompsi-20 If you have a question, email me at john@simpleprogrammer.com If you liked this video, share, like and, of course, subscribe! Subscribe To My YouTube Channel: http://bit.ly/1zPTNLT Visit Simple Programmer Website: http://simpleprogrammer.com/ Connect with me on social media: Facebook: https://www.facebook.com/SimpleProgrammer Twitter: https://twitter.com/jsonmez Other Links: Sign up for the Simple Programmer Newsletter: http://simpleprogrammer.com/email Simple Programmer blog: http://simpleprogrammer.com/blog Learn how to learn anything quickly: http://10stepstolearn.com Boost your career now: http://devcareerboost.com
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Right now my expenses + 401K = 75% of my income.
With the 25% left over, I could invest, but I am so tempted by the consumerist conditioning of society to want the "next level" in motorcycles, cars, guns, guitars, or tech even though I know these assets depreciate 100% in a year like a macbook would(granted guitars and guns are slightly better investments).
If I was smart, I would take that 25% and buy liquid blue chip stocks that outpace inflation and watch my wealth grow and multiply without me even trying. But then I miss out on sportbikes and macbooks.
I am still youngish at 26, but what's your take on this? Should I live fast and hard and piss away excess wealth in non-liquid rapidly depreciating (but FUN) toys until I am older, or skip out on the luxuries, cut my living expenses, and start accumulating appreciating wealth today?