Many 401k plans do not have these cheap alternatives Write your congressman

Many 401k plans do not have these cheap alternatives

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Many 401(k) plans do not have these cheap alternatives. Write your congressman. You’re being forcefully ripped off. Step Ten: Fill the Berky. If you want to get rich, pour cash into your Berky, then learn how to use FACs and stockpile Rule #1 businesses. To learn this stuff firsthand and make sure you’re doing it right, get yourself and your friends to a Payback Time Workshop ASAP. Now … what about the real estate, the bonds, the insurance, and the other stuff you own? You have to ask yourself the same questions for each investment: “Is it a wonderful business? Is it on sale now? Is it a good investment if I look at it as a business? Or is it a speculative investment that can only go up if other people are willing to pay more for it than I paid? Bonds, too? Yes. If you’re not sure how to put long-
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term value on your bonds, land, apartment building, or gold, go to . I’ll show you examples of how to value a variety of assets using Rule #1 analysis. Remember, this is a critical first step, and if you don’t do it right, you’re starting off wrong. Remember that old saying, “Well begun is half done”? It applies right here. The money you have right now is going to give you the biggest compounded rate of return. That is just a money law that can’t be violated. So what you do with these assets right now will, in large part, determine whether you are going to get rich and stay rich… or not. If you aren’t sure what you’re doing, then get yourself to the Payback Time Workshop and find out what to do next. We’re not going to give you financial advice. We’re going to teach you how to be your own financial adviser. When you’re done with the workshop, you’ll go home with a solid basis for making sound financial decisions across all your assets. And for helping others. HELP OTHERS: SPREAD THE WORD You can do your part. Spread the word that there is a financial revolution going on, that you don’t have to live in fear of a pitiful retirement, and you don’t have to depend on the government for your financial future. Tell your friends you’re taking steps in the direction of knowledge and experience, and that the sooner they start, the sooner they, too, will be on the path to financial freedom. Are you concerned at all for others? Do you worry about the less fortunate? Do you think you can help them if you become one of them? The best thing you can do to help others is to help yourself. Stand on your own two feet financially, and then you can support the weight of those who are not yet able to. But get them into this revolution also. You don’t want to carry that weight forever. For your own benefit, and for mine, I want you to make a commitment that, after adopting the Payback Time approach, you will get as many people into this revolution as you can. Give them a chance to think about their financial future in a new way and to see the possibilities of more wealth than they ever dreamed of. Believe me, you don’t want to
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just do this on your own, if only because then everyone you know will want to borrow money. Bring them with you on the journey. It’s cheaper.
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  • Spring '20
  • Warren Buffett

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