Thanks Todd!
So here's the way I look at this -- I'm just not very eloquent about it....
Let's go back to my "employees"..... Where each dollar represents one employee. I like to think of them this way because you always must manage your employees. That takes some work. And if you ask most business owners - they'll tell you that THEY take less vacation and less time off than their employees do. It's their work ethic that is why they're the boss and not the employee.
The thread is not about ME.... The thread is about how YOU can be a successful investor using some of the simplest concepts that anyone can do. BUT -- always that dang big butt -- YOU DO HAVE TO WORK AT IT.
What we've already seen here is that many were lazy in their investing - and even though they had some dough stuck away - that dough was asleep or on vacation. The "company" 401K etc lulls people into thinking that they've done all they can by simply "participating". <<<<< BUZZER>>>>> Some have literally wasted 10 or more years of precious time languishing in these "plans".
My goal has been to be like Dorothy and show you the yellow brick road. That with just a little bit of work --- it can and does make a HUGE difference. But -- like what Todd just posted -- you can't think you're work is done. The outcome is far too important to allow yourself to go back into that mode of "I participated" therefore I'm done. You've got to make this a hobby - get into it just like we do our cars. We're always reading or participating with our cars... we never grow tired of it.
Health - Wealth - Cars/Hobbies... You need the first one otherwise the second one is useless to you... and the third one takes the first two if you really want to enjoy it. All of it takes constant work.
Last edited by GregWeld; 03-16-2013 at 08:21 AM.
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