A Lot of Money Advice is Just Wrong

A lot of the advice I hear about money is terrible.

It usually comes from a good place, but if followed, it will add incredible headwinds to your wealth journey. The worst part is all the tailwinds you’d miss, too. Fortune building winds at your back that you will never benefit from.

Here’s a common one:

“When you are young most of your money should be in capital appreciation vehicles — things you think will gain value significantly over the coming decades.

As you move into your prime years transition into income generating vehicles — earning income from real estate, financial products and the sale of goods and services.”

Why is that bad?

Because it doesn’t go far enough!

It doesn’t recognize the incredible power of compound interest and the need to activate as many wealth engines as you can efficiently operate.

The idea is get as many spigots flowing as possible.

Find buckets (places to store your money) that you feel confident will get bigger overtime. I’m betting on bitcoin mainly with the …