Best Investing plan?

Question

What is the superior way of generating money and wealth at a young age?

Anonymous · Accepted Answer

That house you posted for real estate option is a beauty! I’m going to try to make my home like that 😍

Anyhow, I think today all I see are people running to be nurses, not because they actually want to help others, but because the paycheck is high and they basically do nothing at work.
Many of them are the REASON why many people die when they go there for help, ironically.
I know this because I know many who are now nurses and come home with horror stories. Many of the times are the nurses fault and nobody knows.
Only some cases get attention and investigated. Most don’t.

It’s a very Low percent that goes into that field that actually cares about patients.
It’s where the money is for very mínimas work but they will exaggerate if you even try to say any of this even when they first brag about it how they do basically almost nothing all day, get paid a lot and then want to bitch and complain that it is hard work and demand more because they don’t get paid “enough” but they like to h the row in other people’s faces how they get paid way more than you etc etc.

If I didn’t personally know a number of nurses who they themselves with their own words speak to this, none of this would have ever crossed my mind.
Sad world.

milyjohn · Accepted Answer

No school. In the movie "Good Will Hunting" Matt Damon suggested to the fancy students of MIT, that they should have saved their money and just got a library card. lol

Oliverlogan263 · Accepted Answer

Man, all those options could potentially work out really well if done right. But there's pros and cons to each.

Stocks/ETFs are pretty low risk long term if you diversify. The market usually goes up over time so that's a safe way to grow your money slowly.

Real estate is also solid since people always need places to live. Rental properties bring in cash every month. But it does take more work than stocks managing properties.

Crypto is super high risk high reward. Stuff like Bitcoin could make you rich... or you could lose it all if the market crashes. Takes a lot of research to do it right.

A business is probably the best way to get wealthy young if it really takes off. But most fail too so the odds aren't great. And school is expensive even if it sets you up with connections and a high-paying job later on.

If I was you man, I'd probably put most my cash into a low-fee stock market index fund for the long haul. Use some money to maybe flip stuff on eBay or start a small business on the side too just to learn. And keep an eye out for a good rental property if the numbers make sense. Diversify your money in a few smart ways. Just my advice!

MaybeTony · Accepted Answer

I work in financial planning, and I've found that strategies really vary based on individual needs. Many clients seek a worry-free approach to retirement, often finding straightforward benchmark index funds in a 401k or an IRA suitable. Those nearing retirement might consider shifting towards fixed income strategies. Life insurance can be key component in estate planning. Crypto tends to attract younger, more risk-oriented investors. Personally, I lean towards riskier investments, but I manage this risk by only investing into risk on assets with a small allocation of my portfolio. The bulk of my portfolio is in real estate for its high returns and illiquidity, which helps temper my tendency to frequently shuffle my assets. Real estate is my nest egg. My rental properties form the cornerstone of my financial security. Additionally, I'm enthusiastic about crypto and have heavily profited from it. Typically, I reinvest my earnings from crypto into real estate. I'm also responsibly planning for the future with a 529 plan for my children, fully funding my HSA, and contributing to my 401k up to the employer's match.

dynamicyandere · Answer

Starting your own business can give you a massive ROI. The challenge is the steep learning curve since you need to acquire multiple skills. It’ll take the most work, but the the payoff can be massive if you commit to it.

Now, if you want something super passive, there’s investing in Index Funds. That’s a reliable way to slowly accumulate wealth through compounded interest. It’s also what Warren Buffet recommends for those who want to invest without getting lost in the sauce.

I’m personally taking the business route, and started with honing my sales skills. I literally started off knocking on doors in the snow, selling security systems door-to-door, commission-only. I’m now a digital nomad that can work from anywhere in the world.

I’m nowhere near done yet though. I still have bigger dreams to actualize. 🚀

Astarlessnightsky · Answer

Being born into a rich family

Kelly6 · Answer

real estate and stocks never invest in 1 method

NathanDavis · Answer

health...

Anonymous · Answer

Real estate.

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