Post From The Retirement Manifesto
Should You Teach Your Children How To Become Millionaires?
June 26, 2018 by fritz@theretirementmanifesto.com
An article on Yahoo! Finance caught my eye this past week: 4 millionaire money habits to teach your kids, by Jeanie Ahn. I thought the advice was pretty good. Boiled down, you simply coach your kids to:
Save,
Understand compounding,
Avoid frivolous spending, and
Be charitable.
We can get behind that, right? Take these four pillars of smart personal finance and find ways to engrain them into those little impressionable minds. My question is whether it’s wise to impose a “millionaire mindset” on children.
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Post From ESI Money
Millionaire Interview #77 Part 2 of 2
July 23, 2018 By ESI
What has been your worst investment?
I tried investing in the stock market when I was in college, it was a nightmare.
I bought YHOO at $99 and was forced to sell due to a margin call when the stock hit $12 a share. I lost about $5,000, and that’s a lot of money for a poor college student.
But I did learn from it, that investing in stocks is just not my thing; I should stick with what I am good at, which is buying and holding a rental property.
What’s been your overall return?
Apartment rental business generates about 10% annual CAP, not including appreciation.
Healthcare business is about 30% annual ROI, not including the value of the business.
How often do you monitor/review your portfolio?
Don’t have a stock portfolio, but I do monitor my net worth on an Excel file monthly.
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Post From ESI Money
Millionaire Interview #77 Part 1 of 2
July 23, 2018 By ESI
Here’s another interview with a millionaire as we seek to learn from those who have grown their wealth to high heights.
Recaps Note: When did they make their first million - how did they make it - how do they spend it and how do they maintain it? -- As you will see in these interviews some share more or elaborate more than others on their answers – We hope you find their stories interesting with insight and advice that you will use.
My questions are in italics and his responses follow in black. Let’s get started…
OVERVIEW
How old are you (and spouse if applicable, plus how long you’ve been married)?
I am 44 and my wife is 38, we have been married for 3 years.
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TNT:
IdahoUSA: ALREADYBLESSED SAID: A LOT OF WEB SITES LIKE US WHO GIVE THE BEST INFORMATION THEY HAVE. BE KIND TO THOSE PPL WHO DO THEIR BEST. THEY ARE TRYING TO BRING INFORMATION. MANY ON OUR FORUM DON'T SHARE INFORMATION B/C THEY GET BASHED. BE KINDER TO THOSE WHO GIVE INFORMATION AND TO EACH OTHER. WE ARE ALL GOING IN THE SAME DIRECTION AND WE ARE ALL IN THE SAME BOAT.
IdahoUSA: It would be so nice if everyone would just take a deep breath, and wait until the RV Happens. …Then all the information will be current and we will know exactly what can and cannot be done. …You will have the latest foundation and information …Now make / and have your Plan A, Plan B, and Plan C And HIRE an advisory team! Let the professionals IN YOUR STATE guide you. IMHO
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KTFA:
Re: Article: “Judge Rahim al-Ukaili filed a complaint with the Iraqi judiciary against a former prime minister “ http://tasrebat .news/archives/107857
MilitiaMan: What I find interesting in this is not only about the justice that is to come for the people of Iraq it is that they too, let us know more of the story. The shell game Iraq has been playing politically. The timing of the suggest and supports your/Franks view that the GOI is important, yet not so important as they can't get things done. This makes me feel that the GOI is seated, just not for our eyes, yet.
With or with out immunity, those charges come at a time and place that is not from the USA, it is from the likes of Sistani and Sadr, thus, they are taking it on first and foremost. I suspect they'll have a crack at him before the World Court does if, ever.. They may not get the chance.
