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Recent content by jwhanke

  1. jwhanke

    MJs 1/2/3 Marriage Strategy: When to Get Married...

    GOLD! PEOPLE 
    Loved this portion of The Great Rat Race Escape! I've seen so many friends feel pressured to get married and rush into it. A lot of times, this ends up making them unhappy and divorced, which not only takes a financial toll but a huge emotional toll. I also think that waiting until you are older...
  2. jwhanke

    How To Understand Your TRUE Goals?

    MINDSET CHAT QUESTION 
    We are a product of our internal temperament, upbringing, environment, the content we are listening to, etc. What you want to "achieve" is up to you and can change over time as you change. IE, when you are in High school, early 20s, and 40s with kids, I would expect your goals to change. My...
  3. jwhanke

    Passive Monthly / Quarterly Income: My Favorite Money System Assets...

    GOLD! INVESTING 
    @MJ DeMarco, dumb question: do you typically buy your Tax-Free Municipal bonds in a bond fund on your brokerage (Schwab/vanguard) or the bonds directly? Whenever I try to buy the bonds directly, I typically get confused, and even with the funds, I run into confusion on the yields and payout...
  4. jwhanke

    Where do I invest? The Fastlane Capital Allocation Model...

    INVESTING 
    Real Estate (with value-added avenue), Manufacturing to expand your product, software, and other avenues to control your money more directly. These are the high-level examples I can think of. The Great Rat Race Escape book by MJ has great examples. I would also say some avenues where you don't...
  5. jwhanke

    An old "Guru" gets what's coming...

    GURUS 
    Excellent summary, I'll add a 3rd bullet: 3. Assets put money in your pocket. Liabilities take money out.
  6. jwhanke

    You're from where??

    HOT! INTRO 
    I currently live in the Cleveland, Ohio, area!
  7. jwhanke

    Moving to Bali

    HOT! CHAT 
    As a side note, I visited Ecuador this year (for a friend's wedding) and was able to visit the Galapagos. You definitely need to make the trip there if you can get a chance since you are already in Ecuador!
  8. jwhanke

    Moving to Bali

    HOT! CHAT 
    I did a disservice by lazily posting a quote without elaborating. My intention wasn't to argue about whether people should move; ultimately, it's their choice, and only they can decide what will improve their lives! As someone who has moved and traveled a lot, I know there are many growth...
  9. jwhanke

    Moving to Bali

    HOT! CHAT 
    I apologize; my comment was a general statement, not necessarily trying to downplay SAD and how it can impact your energy levels. Also, if you have an environment that isn't serving you, changing it can be super helpful for your life. I applied it more to how people romanticize moving, whether...
  10. jwhanke

    Moving to Bali

    HOT! CHAT 
    "Wherever you go, There you are"
  11. jwhanke

    Life changing books you GOT to read at least once your lifetime

    MINDSET 
    The book that influenced me the most over the past couple of years is Already Free by Bruce Tift. It combines Buddhism and psychotherapy, and I think it contains a ton of practical advice. I've already reread it several times, and it is a lot less known...
  12. jwhanke

    Learning a new language - a valueskew or not?

    MINDSET 
    As someone who is somewhat conversational in Spanish (I also speak like a 3-year-old), it helps you think in different ways, helps build helpful habits, and reminds you you aren't as smart as you think. No skill gained is a time waste; it makes you a more well-rounded person regardless of...
  13. jwhanke

    MY RANT

    MINDSET 
    A couple of my thoughts from reading your post: -You are 18, so you are still young and have a lot of life left to gain skills and find fulfillment/contentment. I am 33, and I know I don't have it all figured out, and no one does, so there is no need to be so hard on yourself. I generally think...
  14. jwhanke

    Following your passion isn't always bad

    MINDSET 
    I generally think MJ's discussion of passion goes against the self-help mantra that "follow your passion, and you will find financial success." I think what MJ is talking about is market share, competition, and oversaturation. For example, making YouTube videos is a more difficult area to...
  15. jwhanke

    To Grow My Business I.... Got a Job!

    SIDE HUSTLE MINDSET 
    It's always great seeing this response from MJ, especially after reading the circumstances of the original post. I feel the biggest mischaracterization people take from MJ's books is "don't get a job." I personally think gaining skills on someone else's dime is a good idea; it also gets the...
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