Hello All,
I'm curious what some fastlaner opinions are on investing. I always never bothered looking much into it - per the fastlane mind-frame, we should only invest when we have enough cash to live passively. IE: $5Million earning us $17k/month passively and low risk at 4%.
The Upside?
However, I've read stories and know some people growing $250k portfolios 15%-20% per year, effectively doubling investments in 5 years, and there are supposedly many low-risk methods that can be achieved with minimal involvement. It seems most extremely wealthy people are largely investors.
The Downside?
My business profited 250k in 3 years, with a lot of work, but no up-front capital risk. I've read a lot of great stories from people here purchasing largely passive businesses and earning 40-50% return/year.
So my question is this - for those who may be more knowledgeable. Is investing ever a fastlane strategy, and what does it depend on?
I'm curious what some fastlaner opinions are on investing. I always never bothered looking much into it - per the fastlane mind-frame, we should only invest when we have enough cash to live passively. IE: $5Million earning us $17k/month passively and low risk at 4%.
The Upside?
However, I've read stories and know some people growing $250k portfolios 15%-20% per year, effectively doubling investments in 5 years, and there are supposedly many low-risk methods that can be achieved with minimal involvement. It seems most extremely wealthy people are largely investors.
The Downside?
My business profited 250k in 3 years, with a lot of work, but no up-front capital risk. I've read a lot of great stories from people here purchasing largely passive businesses and earning 40-50% return/year.
So my question is this - for those who may be more knowledgeable. Is investing ever a fastlane strategy, and what does it depend on?
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