Choosing austerity now is infinitely better than letting poverty force you into austerity in your 80s. Unless, of course, your dream retirement consists of canned beans and endless reruns of The Price Is Right.
If you’re going to loan money to family and friends, treat it like a real loan (with one caveat). It’s the best way to preserve the relationship.
Buying fractional shares is closer to playing the slots than it is to investing. There’s a better way to grow real, lasting wealth... a way of investing that doesn’t doom you to lose to the house.
Money is not evil. And the love of money is not evil. You can take a bath in gold coins if you want—I’m okay with that.
Printing cash and handing it out to people for doing nothing is a terrible idea. Prices would go through the roof! You can prepare for this: If you don’t own these two precious metals yet, you need to act fast.
If you really like a stock, do you make it 1% of your portfolio? 50%? There are no hard and fast rules, but you can use Jared’s framework for sizing your investments.