First post 
- hi everyone!
I've read the book numerous times in the past few years. Hands down the most practical business book I have ever read.
I am in my mid-20s and have created a business through which I am making 200k-300k USD per year in income after re-investing back into the business, etc.
I maintain a minimal lifestyle with a low monthly burn rate. No debt or kids either. I would like to have the money grow passively so I can focus 100% on my actual business.
Almost every single investment book I have read suggests building a some kind of Index-Fund based portfolio using ETFs and let the money grow with the market.
However MJ recommends becoming a lender and living off dividends and interest.
I am conflicted between both options. I don't need the money right now and anything I make from my investments will get re-invested back completely. The only thing I would use the money for is making larger investments 5-10 years from now.
Does anyone (MJ?) have any advice on picking between those two options?
Is one better than the other? or should I create a money making system that has a bit of both?
Anyone have any reading recommendations that talks why living off dividends/interest is better than buying and holding ETFs to "grow with the market over time"?
- hi everyone!I've read the book numerous times in the past few years. Hands down the most practical business book I have ever read.
I am in my mid-20s and have created a business through which I am making 200k-300k USD per year in income after re-investing back into the business, etc.
I maintain a minimal lifestyle with a low monthly burn rate. No debt or kids either. I would like to have the money grow passively so I can focus 100% on my actual business.
Almost every single investment book I have read suggests building a some kind of Index-Fund based portfolio using ETFs and let the money grow with the market.
However MJ recommends becoming a lender and living off dividends and interest.
I am conflicted between both options. I don't need the money right now and anything I make from my investments will get re-invested back completely. The only thing I would use the money for is making larger investments 5-10 years from now.
Does anyone (MJ?
) have any advice on picking between those two options?Is one better than the other? or should I create a money making system that has a bit of both?
Anyone have any reading recommendations that talks why living off dividends/interest is better than buying and holding ETFs to "grow with the market over time"?
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