Comments on: I Want to be an Income Machine, Not an Investment Guru

By: Zach @ Four Pillar Freedom

Zach @ Four Pillar Freedom — Thu, 24 Aug 2017 12:21:28 +0000

In reply to Subbu. I appreciate the kind words, Subbu! :)

By: Subbu

Subbu — Thu, 24 Aug 2017 08:48:19 +0000

You are 20 something and know a lot more than me. I am sure you will make it big someday.

By: Amber tree

Amber tree — Tue, 11 Jul 2017 06:49:29 +0000

Great analogy, and you are right.

Now that we are a little “older” (early 40), we switched our focus to having the life we want. We are late starters on the FI journey.

By: SteveC

SteveC — Tue, 11 Jul 2017 00:53:08 +0000

When I started my ROTH two years ago, I obsessed about what funds/ETFs to choose. I put a ton of stress on myself that was completely unnecessary, but I didnt know that at the tim . It was a fantastic learning experience though and led me to find many of the FIRE and personal finance blogs that I still frequent today.

Speaking of sucking at side hustles, just Saturday I drove my neighbors 30 year old John Deere into a creek while mowing is 8 acre property! I’ve been cutting his lawn and doing landscaping on the side for almost 5 years now, so I guess you never truly master the hustle. Hahaha

By: Zach @ Four Pillar Freedom

Zach @ Four Pillar Freedom — Mon, 10 Jul 2017 10:49:45 +0000

In reply to Mrs. Adventure Rich. Exactly! Investing becomes so much more powerful when you actually have a significant amount of money to invest :)

By: Zach @ Four Pillar Freedom

Zach @ Four Pillar Freedom — Mon, 10 Jul 2017 10:48:29 +0000

In reply to Mrs. Picky Pincher.

I definitely think investing plays a role in wealth accumulation, but for young people just getting started out, it shouldn’t be their primary focus. It should be all about generating income when you’re young.

Thanks for the feedback 🙂

By: Zach @ Four Pillar Freedom

Zach @ Four Pillar Freedom — Mon, 10 Jul 2017 10:46:42 +0000

In reply to Military Dollar. Agreed, increasing income is far more reliable because it's something you can actually directly control. Investing returns are far less controllable, especially in the short term.

By: Mrs. Adventure Rich

Mrs. Adventure Rich — Sun, 09 Jul 2017 21:38:23 +0000

I really like this concept, especially the cake in the icing analogy! It really pays off to invest in increased income so that you have more available resources to invest going forward.

By: Mrs. Picky Pincher

Mrs. Picky Pincher — Sat, 08 Jul 2017 19:51:12 +0000

I don’t think there’s anything wrong with getting started early with investments. But it helps tremendously to boost your income. It can be used to pay off debt, build an emergency fund, and then invested. But it’s much easier to invest when you have a higher cash flow!

By: Military Dollar

Military Dollar — Sat, 08 Jul 2017 16:06:50 +0000

Great advice! Increasing income is a more reliable skill, plus it has both short and long term benefits!