The Wealth Without Wall Street Podcast
Round Table | How Not to Invest in 2024
Mar 19, 2024
Learn how not to invest in 2024 from the podcast as they discuss avoiding pitfalls like locking money away, going against your Investor DNA, and halting financial goals. Explore strategies to shift active income to passive income, the risks of property appreciation-only investments, and comical yet damaging investment tactics to steer clear from.
30:58
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Quick takeaways
- Locking up money in assets with no immediate cash flow hinders financial success by limiting investment opportunities.
- Ignoring investor profile and solely focusing on high-risk, high-return ventures can impede achieving financial goals.
Deep dives
Opposite Financial Strategy for Success
If you're seeking to avoid financial freedom, the strategy involves increasing monthly expenses rather than passive income. This can be achieved by limiting access to cash, such as locking up money in assets that offer no immediate cash flow or entrusting funds to risky high ROI investments. Focusing solely on active income and neglecting the concept of retiring or achieving passive income can hinder financial success.
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