- Joined
- Apr 2, 2023
- Messages
- 65
Rep Bank
$390
$390
User Power: 91%
What do you do when your income exceeds what you need to pay your bills?
You can get 4-5% interest on USD, but as I don't live in the US, that's still risky for me due to the currency risk.
Most people would tell you to put your money into broad-market index funds, but I remember that MJ considered that "slow lane" because you don't have control over the market.
But I don't need the money in my own business(es). Besides, I'd be concentrating the risk in my person. I'd like to diversify it. I could invest in other people's businesses, but then I'd have to actively pick investments as well, which is risky, and which would take away time that I should be spending on my own businesses.
So what's your plan?
You can get 4-5% interest on USD, but as I don't live in the US, that's still risky for me due to the currency risk.
Most people would tell you to put your money into broad-market index funds, but I remember that MJ considered that "slow lane" because you don't have control over the market.
But I don't need the money in my own business(es). Besides, I'd be concentrating the risk in my person. I'd like to diversify it. I could invest in other people's businesses, but then I'd have to actively pick investments as well, which is risky, and which would take away time that I should be spending on my own businesses.
So what's your plan?
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
