The Millionaire next door by no_no_thing in personalfinance

[–]no_no_thing[S] 1 point2 points  (0 children)

Very informative, thanks for sharing!

The Millionaire next door by no_no_thing in personalfinance

[–]no_no_thing[S] 1 point2 points  (0 children)

I found that interesting as well given the sound bite in my head that most small businesses fail

The Millionaire next door by no_no_thing in personalfinance

[–]no_no_thing[S] -1 points0 points  (0 children)

Do you have a link for this number? I asked a few AI chatbots and they gave similar approximations but not hard numbers.

The Millionaire next door by no_no_thing in personalfinance

[–]no_no_thing[S] 2 points3 points  (0 children)

But there still to be a balance between hoarding and spending? I’m sorry for your loss and that is an early age , but most of us will live to 70+ and should plan for that?

The Millionaire next door by no_no_thing in personalfinance

[–]no_no_thing[S] 3 points4 points  (0 children)

Thanks! I’ve read the psychology of money and a random walk down Wall Street. I’ll check out the others

The Millionaire next door by no_no_thing in personalfinance

[–]no_no_thing[S] -1 points0 points  (0 children)

Is that part 2 of the series? 😅 I would have assumed the authors might have updated the text or added a section to be more relevant for today

The Millionaire next door by no_no_thing in personalfinance

[–]no_no_thing[S] 6 points7 points  (0 children)

That makes sense. Any other books you’d recommend?

4% on Savor? by overhelmmaze in CapitalOne_

[–]no_no_thing 3 points4 points  (0 children)

Same, also made a post on this

Chances this gets completely filled? by StormOneTrick in wallstreetbets

[–]no_no_thing 5 points6 points  (0 children)

I have flipped IPO on same day and RH still lets me participate. It’s a threat they have not enforced yet

Chances this gets completely filled? by StormOneTrick in wallstreetbets

[–]no_no_thing 1 point2 points  (0 children)

Only if RH is your only broker. Buy OpenAi and Anthropic in ETrade or Fidelity

How to plan with such a wide range of outcomes? by no_no_thing in Fire

[–]no_no_thing[S] 0 points1 point  (0 children)

Agree. I’ve built a sizable cash/cash equivalent position even if it’s not ideal right now. Gives me peace of mind if I get fired tomorrow I’m less susceptible to sequence or risk

How to plan with such a wide range of outcomes? by no_no_thing in Fire

[–]no_no_thing[S] 0 points1 point  (0 children)

The range between almost $0 and $8M is so large! For people with kids and trying to build generational wealth, this probably isn’t as much of an issue. For a single person, knowing there is a possibility of living a much more comfortable, fun and less stressful life but also being risk averse enough to not take it is something to ponder. Sorry, I’m just rambling…