4 ms·
Rich Dad Poor Dad has some interesting concepts. The book actually is really poorly written (and a bit scammy) but these video synopsis actually do a decent jo
by jpao79 8y ago
Rich Dad Poor Dad has some interesting concepts. The book actually is really poorly written (and a bit scammy) but these video synopsis actually do a decent job of describing the concepts of passive income and differentiating between employee, self employed, business manager and investor:
- https://m.youtube.com/watch?v=qdtzLMrb8zQ https://m.youtube.com/watch?v=qdtzLMrb8zQ
- https://m.youtube.com/watch?v=bC1ScfCny38 https://m.youtube.com/watch?v=bC1ScfCny38
I like to think in a small way if you own any stocks/bonds, you are in a sense hiring employees (indirectly at arms length of course).
If you are buying SNAP, you are giving Evan Spiegel, the employee, his own business unit and promoting him. If you are holding SNAP and not buying more, then that's like putting Evan Spiegel on a PIP. If you are selling it, its basically like firing Evan Spiegel for poor performance.
I'd recommend to the OP spending any remaining time after your side coding projects learning about businesses/cashflow. To just blindly hold S&P Index funds in your 401K is a bit a kin to hiring never doing an initial coding review and never doing an annual perf review on your employees.