ARE WE MORE LIKELY TO BECOME WEALTHY STARTING A BUSINESS OR INVESTING (and not knowing anything about that business) IN A HIGHLY VISIBLE, HIGHLY COMPETITIVE, HIGH GROWTH FIELD VERSUS WORKING A MORE “TYPICAL” JOB (or jobs), LIVING WITHIN OUR MEANS, AND AUTOMATICALLY INVESTING IN LOW COST, LOW MAINTENANCE S&P 500 INDEX FUNDS FOR THE LONG-TERM?
5 years ago
Charles Tadros, M.D.
August 9, 2021
Saint Louis, Missouri
UNLESS ONE INHERITS MONEY OR RECEIVES A MONETARY GIFT, ALL CURRENT AND FUTURE PERSONAL FINANCES ARE DEPENDENT ON YOUR CURRENT INCOME. Date August 19, 2021 In relation to current income OFTEN, THERE IS MUCH MORE WEALTH IN SMALL TOWNS THAN ONE MIGHT EXPECT. Date December 18, 2021 In relation to expenses ISN’T THE PSYCHOLOGY AND MATH OF MONEY AMAZING? IF WE HAVE A SINGLE SHARE OF A $5 STOCK AND THE PRICE RISES TO $10 (ie a 100% increase, or doubling your money), TO ALMOST ALL IF US, THIS IS NOT A LIFE-CHANGING AMOUNT OF MONEY. HOWEVER, IF WE HAVE 10,000 SHARES OF THAT SAME $5 STOCK, AND THE STOCK PRICE DOUBLES, NOW OUR INVESTMENT OF $50,000 HAS DOUBLE TO $100,000. TO ALMOST ALL OF US, THIS WOULD BE A LIFE-CHANGING AMOUNT OF MONEY. THE SAME STOCK, SAME STOCK PRICE, SAME STOCK PRICE INCREASE, BUT DRAMATICALLY DIFFERENT IMPACT ON ONE’S LIFE. ALL OF THIS DUE TO TO THE INITIAL, OR CUMULATIVE, TOTAL DOLLAR AMOUNT INVESTED. Date September 17, 2021 In relation to absolute
