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Investment Guide for Young People

There is more to "investing" than buying the right stock or mutual fund. The foundation for investing is a right livelihood.

You don't want to end up 36 years old and divorced (as happened to me), out on the street without a job and without a skill (as has happened to many others), unable to support yourself, dying from cancer for having eaten the wrong diet, or persisted in using the wrong carcinogenic products for a lifetime...

There is a wide variety of age ranges on the Daily Paul. We are not naturally arranged that way in our society. In school, we are segregated by "grade." In the 'workforce' we tend to adhere to those ageist imprints that we received in childhood during our government sponsored indoctrination period. There is little cross-pollination among the age groups “out there.” In here, it is a little different.

What can we share with each other? What can those of us who are "older" offer to those of us here who are "younger?”

If you were to go back in time 20 years, and meet yourself - what kind of advice would you give yourself? And not just financial advice. The greatest investments are ultimately how we choose to live our lives.

But let me add this twist: Don’t just think of yourself 20 years ago (which is easy), but as if you were 20 years younger in today’s environment, with all the complications of modern life: The hyper-competitiveness, the digital overload, facebook, the logjam at the top, the oppressive security state, and the moral decline of society. What choices would you make if you were a young person today?

What turning points do you remember? What would you do differently? What are you glad you never changed, or compromised on? What would you go back and do over again if you could?

Back in 1990, and I had just graduated from college and was living in Japan, teaching English. It was a good gig. Back then, there was no Facebook. There was no email. There was no skype. I called home once a month, and it cost me $30 for about 10 minutes of time on a public phone. Things were different back then, and if I had to choose one word to describe them, the word I would choose would be slower.

So what advice would you give to young people in our fast-paced world?

Equally, for our members here of the younger generation, what questions do you have? Those of you just graduating, and those of you in the early years of "the workforce," what kind of guidance (if any) can we give. What are the particular challenges that you're facing?

Let’s get a conversation going and see what we can learn from each other.




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If I was 20 years younger I would do exactly what I am doing now

only more of it.

I'm into gemstones and minerals and I absolutely love seeing what mother Earth has reserved for me and others. I would buy or invest in more mining opportunities. It's not a lot of money at first but it has always been fun. Now I can go anywhere on the Earth and see potential. All you need is a little sweat equity to get started. There's a Gem and Mineral club somewhere near you and the "grays" love helping the newbies!

On my last trip to South America I saw something interesting in a roadcut and asked my bro-in-law to stop so I could go rockhounding. It wasn't anything super valuable but it would take a polish and I knew if I was dropped off there, or my car broke down and I was penniless I know I could've made some moolah to get myself on my feet again. This is an incredibly liberating feeling.

I can now make a piece of jewelry in 10 minutes with a pretty stone, a piece of silver wire, a hammer and a railroad iron. ($100 an hour minimum, the key is to find a way to sell it)

Another thing I would do is get into farming, something I am just getting started with right now.

I think aquaponic operators will have extremely satisfying lives in the near future!!!

"It is difficult to free fools from the chains they revere".
--Voltaire

It's hard not to be a menace to society when half the population is happy on their knees. - unknown

Accidental double post

.

A question about gold...

Thanks, Michael, for creating this topic. I'm fairly young. My grandfather taught me to save when I was a child. I got a fast-food job just after turning 16 and have had different jobs since then, as well as a (fairly useless) college degree. In 2007, being completely ignorant about economics and trying to start investing early, I put about 75% of my life savings in a 401k and Roth IRA and bought just a little gold in a Kitco Pool account as well. I watched my investments nosedive for 4 years before being entirely fed up and redistributing what little I had left into mainly fixed rate items.

When I look back, had I used dollar cost averaging and just bought gold each month instead of putting it in the market, I would have been a lot better off. But I've read some bad things here about the pool accounts. My question is what would be some wise things to do with the gold in the pool accounts?

One other question is about investing in farmland. Can someone point me toward a good place to learn about that? Some say the best approach is to own it, not invest in funds that own pieces of it. But I make very little and take home even less... so I don't know how to get into that arena of investing. Thanks, my Daily Paul friends. I come here to learn, grow, and hopefully as I become a better-educated individual I can pass on wisdom to future liberty lovers.

Best Investment Plan was Created by a Libertarian

I have read a ton of books about investing and trading. I'm a day trader. I love the markets.

For most people who don't want to be bothered too much, the very best thing I've ever read as far as a solid investment method is concerned was developed by the late, great libertarian, Harry Browne. He was a philosopher, a writer, and an investment adviser.

The strategy is what he called the "Permanent Portfolio." The idea is to diversify assets among 4 classes: stocks, bonds, gold, and cash. The reason for these 4 is that the economy will move through various cycles, and one of these will likely do well in any cycle, except for recession (when it is a crap shoot as to what, if anything, might do well).

During economic boom, stocks flourish. During inflation, gold will rise. During a real deflation, bonds will rise. During recession, there is no correlation, but any of them might do well. Any can do will in any particular cycle, but these almost always work.

Since there is no way to consistently and accurately predict where the economy will go next, the idea is to be in each equally.

Rebalance the portfolio once per year (takes just a few minutes), and your "investment work" is done for the year.

This portfolio has averaged around 8% per year for 40 years (since gold prices have not been fixed by government). There have only been 3 or 4 losing years, and none have been bad (1%, 3%, 6%, and one other one maybe, that was very small loss).

For people who don't want to be bothered with investing, this is the best, most secure thing I've ever seen. For people like me who do want to outperform, just take some small percentage of total capital and swing for the fences with that.

Look up Harry Browne's books to find his investment method.

Best, simplest thing anyone has ever come up with, IMO.

From my mistakes,

Don't make the mistake of chasing money so you can buy your dream job someday. Work your dream now, in poverty if necessary. If you stick to what you are passionate about, you will be the expert in a short while and people will seek you out to give you lots of money.

Consider investing in your own business as opposed to one in a stock market that you don't have any control over.

Step 1) Sell or throw away

Step 1) Sell or throw away your TV, it turns your brain to mush. I cannot express this enough. Even grown adults are mesmerized by its glow.
Step 2) For the love of God do not play computer games. I speak from experience, they are a drain on time, money, and relationships.
Step 3) Buy only necessities and avoid fads, you don't need anything.
Step 4) Start a real hobby that makes money, avoid hobbies and past times where you shit money away.
Step 5) Read, damnit.
Step 6) Stop eating processed and fast food, you are killing yourself and burning money for convenience, learn to cook you bum!
Step 7) Own a self defense gun, and a "home defense" gun.
Step 8) Do not use a credit card unless you know you can pay it off and you are trying to build credit.
Step 9) Go outside and get some sun. You will feel better. Also: Stretch.
Step 10)*Most Important*
MOVE OUT OF THE CITY! More crime, more taxes, more expensive, more detrimental to health, poorer schools, and no bare earth to plant your food in.

Southern Agrarian

The Biggest Investment is in Your Family

You can't take anything out of this world, and it really does pay to invest your time in what really matters.

I had my first baby at age 19, while I was in college getting my chemical engineering degree. I had hand me down everything, and the ratio of cardboard to particleboard furniture was probably 3:2. We were very happy and agreed that we would never use credit cards or day cares. This involved some hectic baby swapping for me and my husband between classes, but graduated at the same time about 10 years ago.

The only jobs available were BS MIC jobs. Yuck. So eventually I became the uber homeschool mom of soon-to-be six kids. My goals are for them not to be idiots, be self-sufficient, etc. I can't tell you how many people who have kids that marry a loser and end up shelling out thousands of dollars to bail them out.

The cost of kids as publicized by the Establishment is bullcrap. If you look at their breakdowns, it's all tied up in daycare, hobbies, and "vacations" whatever those are. I keep all my baby stuff in the attic and have all the clothes ready to hand down sorted by age and gender along the side of my garage. I'm just saying the hype about how much kids cost is load of bunk. If you plan on paying for your kid's college education, you are a total sucker. No one paid for me to go.

I may not have a dragon's horde when I'm old, but I will rest easy with no regrets.

No.7's picture

I hear an echo of Porter Wagoner in your comment


http://youtu.be/XOucLFBoHUM

The individual who refuses to defend his rights when called by his Government, deserves to be a slave, and must be punished as an enemy of his country and friend to her foe. - Andrew Jackson

Two things you should protect at all costs

There are two things you should protect at all costs, because once damaged, they are difficult to restore.

1) Your HEALTH. You are given ONE body (by your creator), you are given stewardship over it, and you need to make it last. Unfortunately, you are also given cravings and impulses that are in constant conflict with maintaining a healthy body. I am a forty-something woman who weighs about the same now as when I was in college. I wore a bikini last summer, and didn't embarass my family when doing so. One of my top priorities in life is to make it as long and fulfilling as possible, and I cannot do that without pristine health. There are a few things that are out of our control, healthwise, but most factors are controllable. Caffeine, tobacco, alcohol, sugar (high fructose corn syrup especially), chemicals (pesticides, aspartame, sucralose, chlorine, etc), processed food, driving habits, eating habits, activity level , stress level, spirituality are all things we can choose to control which have a profound impact on our health. Excuses are little comfort for the family of a person who has died too young. You cannot enjoy everything life has to offer if you are consumed with health problems. Being healthy is also CHEAPER, leaving more disposable income for investment or other enjoyments in life.

2) Your REPUTATION. When jobs are in short supply, and job seekers are plentiful, you can certainly make yourself desirable if you have maintained a good reputation. There are many aspects to this: honesty, work ethic, promptness, reliability, attention to detail, quality of work, creativity, motivation, etc. You do not need to excel in every single area, but if you excel in none you give an employer no reason to choose you over someone else who does excel. Reputation is also paramount in personal matters. You don't want to be the person no one ever believes, or no one can count on, or no one will lend to. You are also an example to others, especially children and grandchildren if you have them. If your life were a book, with nothing glossed over or left out, would you want your family to read it? Write the book you are proud to have people read.

These two things that I protect dearly have made my life very fulfilling.

The Ron Paul Law

Boy Scout Law
http://scoutmaster.org/ADVANCE/boyscout/bsoathlaw.asp
A Scout is:

Trustworthy,
Loyal,
Helpful,
Friendly,
Courteous,
Kind,
Obedient,
Cheerful,
Thrifty,
Brave,
Clean,
and Reverent.

I find it notable how the corruption and economic collapse of the country has been in direct, inverse proportion to how these values have been deprecated. Why do we admire Ron Paul? I find it notable that he exemplifies these value which have been so laughed at and spat upon over the last four decades. That is why I admire him; he's the real deal.

Bill of Rights /Amendment X: "The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people."

Do you need a politician or judge to "interpret" those 28

Vocation Suggestions

Learn a profession that has lots of math. Right now, most of these jobs are being filled with immigrants, but as the US becomes less attractive to immigrants (their opportunities are better than ours), those jobs will do better here. They already pay well now.

I'm talking tech jobs, engineering, advanced medical. Avoid most of the sociology, political science, women's studies, history, art, music, etc.

Those are great hobbies (and you can take them if you have a parent or spouse to support you), but if you want to support yourself they aren't so good.

Then it is good to learn a bit of camping and farming
to help yourself survive if the SHTF.

That's my advice.

Some real advice from someone who has been there

(1) Consume substantially less than you earn after taxes and any required expenditures (e.g., healthcare, child support). A good target is to save at least 50% of your net earnings. That doesn't mean you'll make it, but shoot for the stars and you might hit the moon. If you earn minimum wage this will be very hard, I expect. In that case you will probably need to use lots of sweat equity and your reputation in order to borrow. But once you get going you will need to continue to squeeze to consume a minimum or you will be eating your seed corn and will be either hobbled or destroyed by the lack of free cash flow. So BE FRUGAL and stay frugal.

(2) Make choices to make (1) possible. Don't have children early. Probably don't get married young -- set that as a goal for after you are financially independent. Pick your living environment and friends and lovers carefully. Avoid expensive "accidents" of all sorts: health, traffic tickets, unplanned pregnancy, Etc.

(3) USE YOUR SAVINGS AND SWEAT EQUITY TO BUY AND BUILD CASH FLOW -- IDEALLY UNDER YOUR OWN CONTROL AND WITH A 'MARGIN OF ERROR' IN TERMS OF PROTECTING PRINCIPLE. SWEAT EQUITY AND REPUTATION ARE VALUABLE AND ARE MORE EASY TO COME BY THAN SAVINGS TYPICALLY ARE. IF PEOPLE KNOW YOU ARE A HARD WORKER AND A PRUDENT, HONEST, FRUGAL PERSON THEY ARE MORE LIKELY TO HELP YOU IF YOU NEED HELP. Don't put your savings in the bank except for short duration; you are going to be looking for real opportunities and you will need your savings quickly when you spot one. Don't put your money in stocks unless, possibly, the stocks pay substantial dividends (say 3%) and are yet safe instead of speculative. You are not so interested in stocks going up as in them not going down and continuing to pay dividends -- equivalent to bank interest -- until you find a higher yield use of the money. Avoid illiquid, long term bonds, insurance, and other commitments.

(4) YOU COULD USE THE SAVINGS TO BUY RENTAL PROPERTY OR A BUSINESS. YOU ARE LOOKING FOR CASH FLOW WHICH LEAVES YOUR EQUITY INTACT (SAFETY OF PRINCIPLE) OR GROWING. THESE OPPORTUNITIES DON'T COME AROUND EVERY DAY AND SOMETIMES, AND IN SOME ENVIRONMENTS, VERY VERY RARELY. BE PATIENT. STUDY AND LEARN AND LOOK. (IF HOUSES I CAN GIVE YOU A SIMPLE FORMULA: THE PROPERTY *MUST* BE ABLE TO RENT FOR AT LEAST 1% OF THE PURCHASE PRICE PER MONTH --E.G., if you pay $200,000 for a house it MUST rent for more than $2,000 per month from the beginning; this likely means a fixer and perhaps in a rough area). If you are thinking of a business then after you buy everything required to get into operation -- and I mean everything...plan carefully because you are likely to miss something and if that something is big you are likely going insolvent it should cash flow positive after taxes, insurance, etc. And it should cash flow such that you have a two year payback or less...ideally much less. That is, if you buy a "laundrymat" for example or a "snow plow", you want to be able to get all your investment capital back within two years max.

(5) And "getting your investment capital back" does NOT mean you get to consume it -- it means it goes back into savings so you can use it for new opportunities. Realistically, if you HAVE to live/ consume some of the income stream you should keep it at an absolute minimum. You aren't trying to buy a "job" but equity in a business which cash flows ON THE EQUITY.

I could probably go on for a while but these are some guidelines to get you started. Oh, I guess I'll give you another couple essentials:

(6)Things which do not cash flow based upon the underlying assets are NOT investments in a technical sense, they are GAMBLES and you are probably the dumb money unless you KNOW you can immediately flip them for a profit (in which case, there is your cash flow and you should, in fact, flip them and do it again).

(7)You ideally are looking for an opportunity which is a FRANCHISE: that means it can be replicated and done again and again so, in time, you have a bunch of equity investments throwing off predictable cash flow. Once again, you are NOT trying to buy a job! Managing your equity investments will be work but, ideally, in time you could hire an employee to manage in your stead so you can look to more acquisitions.

You know, guys, freedom doesn't feel too free unless it includes economic freedom. That requires real investment acquisition which takes TIME....years at a minimum.

Bill of Rights /Amendment X: "The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people."

Do you need a politician or judge to "interpret" those 28

If I was 20 years younger

I'd stress to my younger self the importance of personal connections. I was a very shy, anti-social kid (redheaded, freckles, homeschooled, tendency to cry a lot...all those awkward things) and it took me far to long to grow out of it. My siblings didn't help out very much either, and I didn't turn it around socially until I was 16 or 17. By the time I was in college I had learned that who you know is often more important than what you know, and I forced myself out of my comfort zone. This has paid dividends over the next 10 years, and I have been tapped several times for leadership roles without asking for those positions, but simply because people now see me as a leader, and not just a smart kid who can help with their homework. Now I see people 5-10 years younger to me living their lives in a virtual world, and it saddens me what they are missing. My wifes brother sent over 7000 texts last month, 7000, that's one every six minutes assuming he never sleeps. The poor kid can't carry on a normal conversation, or focus on a task long enough to accomplish anything. The sad thing is this isn't abnormal, he is actually considered quite outgoing amongst his friends.

As for money and investing, there is not actually much I could have done better. I supose a focus on building my own business instead of college may have led me down a different path. Also, always focus on VALUE, and growth of value when making an investment. Focus on being able to save diligently, if you can't save diligently you'll never have the money to take advantage of a deal when it presents itself to you. Next, patience, you need not go looking for investments, take your time and the investments will come to you because you will be the one everyone knows has some capital saved up. Finally, have some humility, work whatever jobs com along to you and learn all you can from those jobs; those little skills may be very important one day. There are many things I may have done differently, but in the end most things have worked out well so far.

Well, it is hard to put my thoughts all together here, but maybe here is the crux of the matter. Don't be too proud to learn anything from anyone; you never know when those skills and relationships will come in handy. Don't lose yourself in a false world where you can avoid you place, you'll miss most of life, and you'll end up gullible to any huckster that comes along. Finally, if everyone else is doing it, be suspicious; it may not be a bad thing but then agian it may be.

Josh Brueggen
Engineer
Entrepreneur
Gardener
Jack of all Trades
Precinct Commiteeman Precinct 5 Rock Island Co Illinois

What would I do differently 20 years ago?

I would buy EVEN more multi-family "income producing" apartments... most certainly.

Treg

Yes, please BUY this wonderful libertarian BOOK! We all must know the History of Freedom! Buy it today!

"The System of Liberty: Themes in the History of Classical Liberalism" ...by author George Smith --
Buy it Here: http://www.amazon.com/dp/05211820

Indeed

I have bought two single family houses in the last year to rent out to students. Renting to students can be a bit dicey, but if one is diligent it can be quite lucrative, and far more of a sure thing than a 401K. As for myself I hope to buy, pay off, and manage about 6-7 properties over then next 20 years. If this works out then I'll be able to retire by about age 50 and build my play farm. By age 60 I'll begin taking money from the 401K (assuming the politicians haven't stolen it all by then)and traveling more with the wife.

Josh Brueggen
Engineer
Entrepreneur
Gardener
Jack of all Trades
Precinct Commiteeman Precinct 5 Rock Island Co Illinois

Being a retirement planner and insurance broker...

I would split up the market in various ways,
Individuals
Young Families
Established Families
Seniors 62+

After figuring out what group your in, there are three main types of planning to consider if your a business owner there's an additional area of planning,
Protecting your Assets
Retirement Planning (and distribution)
Estate Planning
Business Planning

Many experts agree to protect your assets first, so log your assets and figure out what needs protecting. Remember, Americans are 90 days and 1 crisis from eating it so protecting oneself is Paramount.

After you take an inventory of your assets and you have put a plan in place to protect those assets so they can get you to Retirement.

Retirement planning takes into considerations the three main sources of retirement funds.
Qualified plans from their work
Savings and Investments
Social Security

I advise my younger clients to not rely on social security, and since the economy is tanking (and our currency)I am seeing businesses cut back on their retirement plans they are offering, too expensive and the risk to principal.

For retirement planning another inventory of assets are needed. Some may be income producing assets, some may have other types of value i.e. collector's cars, jewelry and art, land etc. It is important to find out what your total annual expenses and you can break it up monthly as well.

The trick to Retirement planning is to match your retirement income sources with total expenses. It is important to get a snapshot of where you are at at what experts call the "Income Gap", which is the difference between expenses and sources of retirement income.

If there is a gap, there are ways you can remedy it, from setting up an IRA, or a Roth IRA, to funding an annuity or using Life Insurance as a tax deferred growth, tax preferred retirement vehicle, which is a very important tool considering the GOVERNMENT IS COMING FOR THE RETIREMENT ACCOUNTS
http://www.zerohedge.com/news/muddle-through-has-failed-bcg-...

After you have protected your interests, family and maybe your business if you own one, and you have taken stock of your retirement gap, there comes the next step, estate planning.

Estate Planning is basically planning for the distribution of your assets in the most efficient way. This takes into account number of children or heirs (consequently number of marriages is taken into account), taxes for state and federal, probate taxes and any other fees etc. with giving your property to the next generation. Maybe you want a certain child to run your business, and you want to make sure you "equal the estate" for other heirs so there is no fighting, bickering or worse, legal considerations.

Once you have your wished planned for, your enjoying your retirement, your dream protected as much as Life will let you, you can sit back and think about how much this world is changing.

Note to others: this is a general approach to planning, of course I would consider other non-financial ways to protect your assets like owning guns and food. I would consider different ways to diversify your assets via metals you hold in your possession.

This was a fun post!

Health Literacy

Learn how to take care of your own health. Everything else doesn't matter that much if you are not alive, if your brain is not working, if you can't move.

Read everything you can, continually improve the quality of the sources you look to for education. Get to the point where you feel more comfortable taking care of your own health than going to a doctor.

It's is easy to come up with examples where it seems that you have to put your faith into doctors hands, but even here, knowing your body and how to take care of it in depth before an emergency situation will leave you much better off.

http://riseforliberty.com/ For May 17 Money Bomb!

I think one of the most

I think one of the most important things to teach young people is how they look at money.

I bought into the "hourly wage" paradigm for much of my young life. Always trying to figure out what I could make "per hour". It's a loser's game.

I think what young people need to be taught is that you provide value first, you show up on time, and you do what you say you are going to do. Take the experience first and the money will naturally come later.

If you must ask the question "how do I make money" it must be followed with "by making someone's life better". The question is always who, what, and how......and life (generally).....provides plenty of time to figure that out.

You sound like Howard Roark

from "The Fountainhead." Great advice!

A small investment guide

in reference to what you are spending your monthly money on.

Before getting wiped out by Hurricane Katrina, I always considered the joke about how men buy big toys and women buy shoes and clothing. Come divorce time, men had something of value to resell and women didn't.

After loosing everything, the big boy toys and the fantastic shoes, I took serious notice of my old spending habits. Did I really need several sets of dinnerware? One set for everyday, one for special occasions and one for holidays.

Did I really have to have a special set of guest bath towels? And even though those really new xmas decorations in the store are amazing and would look fantastic in the home for 14 to 21 days, did I really really need to buy them, just to have them boxed up for 344 days?

Did I really need to buy another whole set of screw drivers and that new set of hubcaps? Did I really need to buy that little toy for my child even though it wasn't their birthday or xmas? Or did I really really need to buy that one dollar candy or bottled water while waiting to check out?

Impulse buying and making excuses to yourself for the need is one of the biggest holes in one's pocket. It's hard to manage that impulse. But if you make a conscious effort, you will be able to save more on the side each month.

One day you have decades of stuff you've collected and enjoy, the next day its completely gone and all you have is a small suit case packed with 3 days of clothing, your jewelry, and a travel case with all your important papers. It gives one a totally different outlook.

I have to smile with everyone

I have to smile with everyone telling the young to gather piles of gold and Plan the retirement.... Plan... Plan... Plan... Gather... Gather... Gather... The funny thing is life has a way of tossing curves at the best made plans... I recall a story that the government outlawed owning gold and forced it to be sold to Fed or treasury. So much for those folks who gathered.

When those plans go south get up dust off and keep the chin up... Don't make those Plans and gathering so important that you miss out on what really counts.

Concentrate on the things you truly have control over. The one thing you will have for your whole life is your Word... If you say you are going to do something follow through... Do your best for the people around you... Take time to really enjoy what you have... Find balance... Good luck with that!

Don't wait until someone is changing your diaper to figure out what really is important to you. I promise you it isn't a pile of gold, a retirement account, house, or a car. A government rule change, a thief, a fire, or accident can take those away in a blink. (Or as Michael now faces a law suit!) If you win at the gold gathering game you will find yourself in court much more often. In fact at a point it will become a full time job to keep your gold.

Sure that gathering is a part of life but, keep it that way! A small part....

Let's say Michael losses everything. All the gold and all the gathered Gone. The way he has lived his life and given (I would guess) Hundreds, Thousands of us would take him in and lend a hand.... That is worth more than all the Gold you can stack...

More important than gathering Avoid debt at all cost....

God must set up there and laugh when he hears us making our plans...

ie: That person who works a hundred hours a week to build that retirement, fill all the goals, stack all the gold, and missed out on life just to die at 50.

Great topic, Michael! 'My' advice:

Accept certain inalienable truths, prices will rise, politicians will philander, you too will get old, and when you do you’ll fantasize that when you were young prices were reasonable, politicians were noble and children respected their elders.
Respect your elders. Don’t expect anyone else to support you.

---Full list of points here--- http://www.dailypaul.com/273139/a-bit-of-unsolicited-advice

CHECK OUT MY VIDEO! The views stopped overnight when for 'copyright' reasons, mobile viewing was disabled. I want to get to 8,000 - HELP by watching: http://www.youtube.com/watch?v=I-pTvjzHN3I

If you are investing in the

If you are investing in the stock market, the very best move you can make is to subscribe to http://truecontrarian.com/oneyear.html. Mr. Kaplan has been achieving 20% to 100%+ consistent returns year after year through bear and bull market. You will not find anyone better!

emalvini's picture

Secret To Wealth..In The Bible....Ready? Here It Is!

"....a man is rich in what he can afford to do without.."

nuff said..

He may have be responsible for saying: "More than a mouthful is too much"...Just kidding..

lol..

Seriously, I thank my Dad for getting me involved in buying God & Silver at a very early age. I never sold it thanks to my Dad. He said "E", someday Gold & Silver will be worth a lot, so keep it, accumulate it and hide it. Never tell anyone where it is...

I loved my Dad and miss him alot..He taught me much..Reminds me of Dr. Paul...Always the Gold bug..Took me to many coin shows..

He always had guns around. Taught me to shoot straight and care for them...I have his old, old tapped up Stevens Savage Shotgun...

+ 1

Big bump.

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

Future Planning...

Plan ahead and set your goals (rather your young or old makes no difference - just get started), ie: I started at 70.

Think both short term and long term
Think cash flow

You don't need a ton of money to get started.

My investments (silver, gold), cash flow real estate, revenue producing farm land (waiting for Hemp production),gas and oil.
I do not buy stocks or mutual funds. I do not believe in 401k's or Ira's.(cashed all those in)

Learn and copy what the wealthy do.

You may find this as a starting guideline:

http://acquirewealth.org

http://youtu.be/hrnND0iTfjo (Knowledge is Freedom)
http://idealchoices.info Understanding Bitcoin

wear sunscreen

If I could offer you only one tip for the future, sunscreen would be it.

The founders would be ashamed at us for what we are putting up with.

LOL. That song off one of the

LOL. That song off one of the NOW albums, the sixth one I think. :D I have that album. I disagree with the narrator of that "song." It's a monologue, really.

Want to keep wrinkles, age spots and other signs of aging from being premature? Avoid things that impair blood flow. If you have premature signs of aging, restore that flow. It's what acupuncture does.

Thanks for the travel down memory lane, Jedi. Good song. But if you don't mind, I'll sidestep his advice, But trust me on the sunscreen. No thanks, lol. :-P

School's fine. Just don't let it get in the way of thinking. -Me

Study nature, not books. -Walton F. Dutton

nah

nah- sunscreen blocks vitamin D creating sunshine on your skin. Your body needs the vitamin D. Go without Sunscreen.

It was actually a joke. I

It was actually a joke.

I was seeing if anyone would pick up on the song reference.

I rarely wear sunscreen.

The founders would be ashamed at us for what we are putting up with.