Radical Personal Finance 1099-Things Are OK...But I Have No Idea What To Invest In!
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May 27, 2025 Discover tailored investment advice for a 40-year-old looking to grow beyond basic savings. Delve into the wealth-building potential of private business investments and how ownership can yield greater returns. Explore the differences between physical assets like real estate and paper assets such as stocks. Learn how your personality and financial goals shape your investment strategy. Finally, cultivate a personalized vision for your financial future by considering various investment options that align with your long-term aspirations.
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Three Investment Categories
- Joshua Sheets classifies investments into three categories: private business, physical property, and paper assets.
- This classification helps in understanding expected returns and effort involved.
Returns and Workload by Investment Type
- Business investments generally have the highest potential returns but require substantial ongoing work.
- Physical property investments offer a mix of investment and business effort yielding potentially higher returns than passive assets.
Personality Shapes Investment Choice
- People tend to select investment strategies based more on personality and interest than strict financial facts.
- Each valid strategy offers different trade-offs suited for different temperaments.