Order of Man What the Successful Know About Wealth, When to Invest, Why Own Rentals | ASK ME ANYTHING
Sep 17, 2025
Dive into the habits that set wealthy individuals apart from the average. Discover the essential difference between real and nominal gains in investing and why it matters. Explore the intricacies of renting versus buying and how timing impacts your financial decisions. Challenge the myth that wealth is tied to dishonesty, and learn how to leverage home equity for investment success. Plus, unlock the secrets of backdoor Roth IRAs for maximum financial growth. Equip yourself with actionable insights for smart wealth management!
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Invest In Yourself And Your Network
- Wealthy people habitually invest heavily in themselves to improve skills and performance.
- They also invest in relationships and networking to create reciprocal opportunities.
Real Returns Versus Nominal Returns
- Nominal returns ignore inflation and may overstate real gains.
- Subtract inflation to find your real return or you lose purchasing power over time.
Hold Sale Proceeds Liquid If Buying Soon
- If you'll buy a home within two years, keep proceeds liquid and safe for liquidity and timing.
- Prioritize paying high-interest debt first and consult a CPA about tax consequences like 1031 rules.