How do rate yourself in financial management on a scale of 1 to 10? 10 is excellent.

@Nomad7 Many focus on their bank account and ignore wealth

Wealth builds wealth ... it is the simplest of accumulation techniques

Do not buy a nice house ... buy a house that will nicely appreciate

Do not look at an old warehouse, as an old warehouse ... view it as an income producing stream ... then maximize it.

Buy land, rent it, develop it and expand on the income production via selling easements, timber, mineral rights, water rights, offsets and increasing its accessnto roadway

800 tons of gravel is cheap ... but it can make you $200,000

@questionWeaver That's very true.
Inflation is worse than taxation. In fact, I think people should calculate their real rates of return post inflation...
It's important to buy assets that produce cash flows, which probably excludes bitcoin and many other commodities from a financial purist's portfolio

@Nomad7 yep ... no to bitcoin!

@carpediem wow

@Nomad7 that's great, all the best 👏

@SimplyLogicalDiscipline There's no evidence that you can make positive risk adjusted returns over time using technical analysis

@Nomad7 I hope, someday I will be able to share the evidence 🤞

@SimplyLogicalDiscipline Now that I'm retired, about 35% in stocks.

@exexec how did that happen?

@SimplyLogicalDiscipline We have no debts. We limit spending to no more than our fixed income plus 5% of investments. Since we have been spending a maximum of 3% of our investments, our investments have increased substantially.

@exexec nice 👏

@NoahB where and all do you invest?