If you're young, my advice is, find a way to OWN assets. Don't wait until you're 30 or 40 or 50. Start now! Don't trade your life away building valuable assets for someone else. Make sure you get a piece of what you are building.
If you're young, my advice is, find a way to OWN assets. Don't wait until you're 30 or 40 or 50. Start now! Don't trade your life away building valuable assets for someone else. Make sure you get a piece of what you are building.
Nowadays I hear most people saying how kids are a liability.
I love my kids so much, that I'm not going to create them in the first place to subject them to the horrors of this world and the ultimate fear of death.
They can be, but what is the payback and when does it occur? How liquid is it?
For example, planting an orchard is an investment. It won't start producing for a couple of years, but it may be sellable before then.
While kids may eventually provide some cash flow to their parents, that may not happen for many years and is generally hard to sell.