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The only real difference between that and Cardone's approach is sock it away into a savings account you can access at some point, then invest in real estate (or
by petercooper 10y ago
The only real difference between that and Cardone's approach is sock it away into a savings account you can access at some point, then invest in real estate (or whatever) with it to make the real money.
- koolba 10y ago> The only real difference between that and Cardone's approach is sock it away into a savings account you can access at some point, then invest in real estate (or whatever) with it to make the real money. I'm saying do all of them. Tax advantaged, non-tax advantaged, mortgage, you name it. There's really no wrong answer. The bigger item is saving in general. Regarding 401k, Roth IRAs, and other tax exempt/deferred account with withdrawal penalties, I'm all for them. If nothing else it makes you lock away the money where you can't get it because otherwise, shocker!, you will. Those account types make it easier to pretend you don't really have that money as the fear of paying the 10% early withdrawal penalty is enough to knock sense into people.