Now I know exactly what I’m doing, so I don’t get anxious when the markets dip. My advice to people who get anxious when thinking about investing is to do more study!

For most people, investing in a couple of cheap index funds is a GREAT option. This is an inexpensive way to get great diversification. And you don’t have to spend 100s of hours tracking different stocks and you don’t need a huge amount of money to get started!

Oh wow!! Hard to really disagree with that too, if the $$ is being set aside for “future business opportunities.” At some point it WILL be spent, and only help increase y’alls massive wealth too! So that should help you sleep better? :)

The nice thing about businesses is it can be just as – if not better! – than IRAs and the like, so I give you mad respect for going down that path! Most millionaires/billionaires are businesses founders/owners :) Though of course the risks are much higher…

Haha yup. I freaked out losing like $15.00 once, and now some days I “lose” $15,000 and don’t even care! :)

That would be cool, actually! Let me add it to my “things to look into” list… I could get down with that, as long as it doesn’t come with a “thumbs down” button as there’s enough hate in the world :(

Haha – agreed :) I actually like the idea of calling it a “cushion” more too – it really is what it is since how often do *real* emergencies really occur? From the way people pull from it so often you’d think it was a lot ;) (and I include myself in that group too!).

Great idea with the “worst case” scenario thinking, and about considering health stuff too… I know the younger we are it’s the last thing we ever think about – even though health bombs can go off at any time :(

I know, it’s a sad realization but still very true :( You gotta find stuff to get at least a 6-7% return if you want any chance of retiring early – or hell, even on time. Unless again you’re making bank or get lucky with an opportunity/business/lottery, etc. You can’t get rich off cash, but you can certainly use cash to get rich!

YES!!! Was just having this conversation with a 75 y/o at Starbucks the other day! And how everyone brushes him aside – especially with career-related stuff – even though his brain is full of stuff that takes us decades to learn. He was telling me how much he laughed at a recent grad that had started working at his company before he retired and how he was calling himself a “specialist” at the job because he got a degree in it :) My new friend was like, “You come back to me in 30 years and then I’ll give you the specialist certification” haha…

Kids ;)

I love cash baby cash! I can’t get enough of it and am taking profits to pay for life. I can see the hesitation with investing now, so I would go a more conservative asset allocation e.g. 60/40, 50/50 stocks bonds.

Don’t confuse a bull market with brains!

Sam