A thread to discuss aspects of designing a plan to reach financial freedom.
The plans going to need some starting points and objectives.
If you are interested in working through a planning process perhaps you could nominate some criteria:
Desired financial freedom age...
For example if the stock market crashes, and billions or trillions vanish does wealth simply vanish or is just transferred from one hand to another. For example wealth is created in a bull market for person A and wealth is lost in a bear market for person B so its essentially equal? Is that...
• The richest 85 people in the world owns the same as the bottom half of the world’s population.
•Almost half of the world’s wealth is now owned by just one precent of the population.
• The wealth of the one precent richest people in the world amounts to $110 trillion. That’s 65 times the...
Been thinking about this lately, after reading Killing Fairfax and seeing the Clive Palmer story on ABC
I combine that with what I saw as an agent and looking at Palmer, James Packer and Laughlin Murdoch I can see it requires a degree of abandonment of all fear.
The developers I worked with...
Just curious as to your thoughts on ways to create/build wealth for a young person these days, I am in my 20s and was just thinking over what I could do to build up some wealth, obviously as fast as possible.
So I was curious to what you older guys thought, if you had your time...
Not in a position to curtail my acquisition stragedy!
I am not yet, well off.
But some time into the future,
I hope to be in reach of obscene wealth.
It won't buy me a better steak.
My wants/needs in a car are modest.
I don't care for a mansion!
So. How much wealth is enough?
I'll make a start on this topic:
I had no intention to acquire wealth.
I was raised in a family of 8 with a single income.
We were poor, but there was love in the room.
I was content with my lot (still am)!
So what changed:
The Property Boom put a Principal Residence out of the...
I was reading this and thought, why do we always fight for fairness? Why do we think it is so unfair that wealth is unequally distributed?
I mean, most rich people have obviously...
My views on Business Property and in regard to this topic of Trading are I have found more radical than most.
My own view is that a very high ratio of wealth accumulators will operate within their comfort zone---which is a great deal lower than even they expect. Warm and fuzzy is good but you...