Invest in yourself. I love this advice.
Warren Buffet advice on inflation...
- Thread starter JeffKeryk
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Buffet is correct but for most of us it comes very late in life;
Yep, one of my favourite podcasters, Gordon White has the following, and has been saying it for years (well 6 since I started listenting).
*ask your employer for specialised training, rather than a pay rise (sends a couple of messages to them, but also gives you something to carry with you
* Any recognised qualification will get you to the point that you can start to earn a reputation in the field. People will focus less on where the qualification was earned once you have some projects under your belt.
*ask your employer for specialised training, rather than a pay rise (sends a couple of messages to them, but also gives you something to carry with you
* Any recognised qualification will get you to the point that you can start to earn a reputation in the field. People will focus less on where the qualification was earned once you have some projects under your belt.
"Don't believe in every quote on the internet just because there's a photo next to it," Abraham Lincoln.
It was reported but never verified that Lincoln did say that to Twain while they had dinner with Jefferson at Monticello. Like most, I never did believe it either.
Owen Lucas
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Never bought into Apple or Google either. Just an ole timey investor who didn't understand the potential new some fangled products. Would probably be worth double by now. Ironic because Bill Gates is supposedly a close friend.
Yet he’s worth $120B and you and definitely I are likely not, just saying….
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This is the beauty of a total stock market mutual fund or ETF - they would've invested in both for you!
He just bought some Activision (Gaming) stock. lol
He started investing when he was 11 and bought real estate at 14. He's 91 now
Owen Lucas
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Ha! Maybe they can send him a standup CRT Pac Man arcade.
I'm sure he's onto something though, he personally does thorough research and interviews the CEO. It's a dividend stock too.
He does own Apple
That's easy to say if you have enough scratch to see you and your family through. Not everyone does.
I am really happy for everyone that is doing well. I am worried about those who are on the edge.
He started with corporate raiding just like Carl Ichan, and then he moved on to a "we are merging every year so we will postpone our tax till next year" business. Compound many decades of tax postponing can get you some serious compound growth.
Regarding to him missing the boat, there're many types of investment and he is specialized in the ultra conservative kind, and I'm sure his return is tracking very well in that kind of risk / reward. You and I are probably different and therefore aren't investing the same way, but that doesn't prove him wrong or us wrong.
Do you have so much money that you can have a 300 year investment horizon? or do you only care about what happen by the time you are 65?
1 of my Twin son's is into GAMEstop he became a PC gamer probably because he raised my eldest grand chlld Katie as a single dad,, A Fortune is being made on this gaming stock, Billions I am told, he was also early in to Bitcoin and other stuff
Sure, the poor or financially insecure will be hurt the most by inflation, and people need to do what they need to do.
Zee09
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So am I.
Stability is what we all need in the real world.
Times such as these can bring on many other woes besides financial.
I personally think there is nothing wrong in the world anymore than there ever was/is.
Economics always changes, always have, always will. Life has never been more easy for mankind in the USA.
I also think life has never been more easy to for the needy no one starves in the USA, heck even the needy get free phone service now a days.
I find inflation a fun challenge, Lets face it, in the USA the VAST majority of the entire population can afford to eat 10% less food at a min., that takes care of food inflation.
Every time I go shopping, (we do that a lot) for fun I buy one or two things less than normal. Being I eat healthy, that means one less 5 lb bag of oranges and/or one less can of deluxe mixed nuts at $12 a can. Inflation for that trip cancelled out.
If family that doesnt eat as healthy cancels out the chips, cakes, cookies, pretzels, SODA!!! SIGAR DRINKS!!! ect ect... inflation would be cancelled out again. If the unhealthy person stops eating at fast food places and cooks their own meals, inflation canceled out again.
Keep in mind we are just coming out of a pandemic, in todays world I think the biggest issue is the media, people are always connected 24 hours a day to all the bad news in the world. less than 30 years ago, people read the newspaper, once a day, for 20 minutes or watched a 30 minute news program at the end of the day and lived their lives away from all the gloom and doom being pushed on them and "hooking them" for advertising dollars.
I like inflation, everything I own is worth more and I can beat the inflation at its own game.
Reading posts I do think many people overestimate their worth because they look at unrealized gains as realized gains. Unrealized gains need to be treated with caution in mind, it can disappear in a day.
Life is good, it would be boring without challenges.
https://www.goodreads.com/author/quotes/756.Warren_Buffett
Economics always changes, always have, always will. Life has never been more easy for mankind in the USA.
I also think life has never been more easy to for the needy no one starves in the USA, heck even the needy get free phone service now a days.
I find inflation a fun challenge, Lets face it, in the USA the VAST majority of the entire population can afford to eat 10% less food at a min., that takes care of food inflation.
Every time I go shopping, (we do that a lot) for fun I buy one or two things less than normal. Being I eat healthy, that means one less 5 lb bag of oranges and/or one less can of deluxe mixed nuts at $12 a can. Inflation for that trip cancelled out.
If family that doesnt eat as healthy cancels out the chips, cakes, cookies, pretzels, SODA!!! SIGAR DRINKS!!! ect ect... inflation would be cancelled out again. If the unhealthy person stops eating at fast food places and cooks their own meals, inflation canceled out again.
Keep in mind we are just coming out of a pandemic, in todays world I think the biggest issue is the media, people are always connected 24 hours a day to all the bad news in the world. less than 30 years ago, people read the newspaper, once a day, for 20 minutes or watched a 30 minute news program at the end of the day and lived their lives away from all the gloom and doom being pushed on them and "hooking them" for advertising dollars.
I like inflation, everything I own is worth more and I can beat the inflation at its own game.
Reading posts I do think many people overestimate their worth because they look at unrealized gains as realized gains. Unrealized gains need to be treated with caution in mind, it can disappear in a day.
Life is good, it would be boring without challenges.
https://www.goodreads.com/author/quotes/756.Warren_Buffett
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