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Old 10-29-2020, 05:12 PM   #21
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Great work. There's nothing I could argue about. Which is a glowing endorsement from an old contrarian curmudgeon .
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Old 10-29-2020, 09:54 PM   #22
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...I'm bummed that some of you got confused by my Short Money Rules title. I actually liked that title a lot. I thought it was clear, apparently not.

Rick
How about changing it to "Smart Money Rules"?
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Old 10-30-2020, 06:05 AM   #23
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How about changing it to "Smart Money Rules"?
I like your suggestion. That's probably clearer. I think I will rename it to that in version 2.0.
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Old 10-30-2020, 08:25 AM   #24
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well done. I downloaded it as well. thanks,
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Old 10-30-2020, 08:56 AM   #25
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How about changing it to "Smart Money Rules"?
Love the double meaning.
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Old 10-30-2020, 08:57 AM   #26
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Organized and easy to understand. Maybe you should teach a class. There's lots of valuable information in these 20 pages.
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Old 10-30-2020, 09:12 AM   #27
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Downloaded and saved next to my Bogleheads, The Tax Torpedo, and another book by some Ed feller that my ole man read, I read, and now my son will read...along with this Shore Money Rules. It's a great start.

I like the idea that you mustn't be complacent, you must be interested in the path to financial success and financial freedom.

Thank you for putting this together. I tried to do something similar but I am a terrible author. This gave me some inspiration to dust off my g drive doc and give er another whirl.

I think I might myself sort of include an epilogue of how I myself got started in my financial journey, how my father got started on his, and how my grandmother's pivotal decision to head west to the city instead of east to the pastures really was a multi-generational migration decision that given her time and circumstance, played into a lot of what was to unfold. That ole never forget where ya came from.
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Old 10-30-2020, 09:17 AM   #28
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I am going to markup my copy, but I would add one thing about the "serenity" bit about peace in that which you cannot control.... THE NEWS! Its funny, I tracked the news for over 2 years against the daily moves of the market...what I learned was its hogwash especially mainstream media outlets.

In terms of choices, I want to stress to my children not to make choices under duress if at all possible. De-stress, walk-away, calm down...think, breathe, give yourself space time and release the pressures. No decision needs to be made in a minute. Anyone who cannot respect that should be cautioned.
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FIRE in 2031 @ 50yrs old (+/- 2yrs) w/ a hypothetical $2.5mil portfolio, 3 appreciated homes worth $1.0mil and rental income to fund my gap years until RMD. Assets will go to an inherited IRA where I plan on watching the investments grow until I die or the trust gets executed.
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Old 10-30-2020, 09:25 AM   #29
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Lol, I just solved the puzzle. When my kid "wants something" I'm gonna make them read this lol. Maybe when they are ready. I almost need to make a course for my own family. Their are some things they 'need' to know that might not be relevant to others that pass their course of financial advice.

For one our family is diversified into real estate rentals. This is a great tax benefit that has put wind in our sails no other puff could provide.

Also they will likely be "trust fund babies" or essentially already are so I need to somehow overcome some of the stigma that comes with that and help them have humility and understanding if someone attacks their well deserved generational affluence...embrace the affluence and learn.
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FIRE in 2031 @ 50yrs old (+/- 2yrs) w/ a hypothetical $2.5mil portfolio, 3 appreciated homes worth $1.0mil and rental income to fund my gap years until RMD. Assets will go to an inherited IRA where I plan on watching the investments grow until I die or the trust gets executed.
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Old 10-30-2020, 09:54 AM   #30
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Thank you! Excellent work!

I read it and downloaded it. I will share this with our young adult grandchildren.
I just sent it to my grandson, and got a nice thank you from him.
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Old 11-01-2020, 02:36 PM   #31
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Thanks for writing this. Already downloaded and sent to my nephew.
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Old 11-01-2020, 03:14 PM   #32
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... Maybe you should teach a class. ...
I teach an Adult Ed class on long term investing. It is great fun and I feel that I am doing a service to folks without much investing expertise.

If you're interested I suggest contacting your local school system. It may just be a matter of volunteering/not a lot of screening. One problem they all have with legal/financial classes is that virtually all of the volunteer instructors are hustling for clients, not really interested in helping people for free. So someone without a bias or a service to sell is doubly valuable.
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Old 11-06-2020, 09:37 PM   #33
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Thank you from me as well. Have no children but I have one college aged gentleman I still mentor from afar and I have sent this to him tonight. Told him no more introductions to people he would like to meet until he reads this.



Muchas gracias
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Old 11-06-2020, 09:53 PM   #34
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Well, FWIW, I liked the quotes from Ziglar and Rand. Guess it only makes sense that AtlasShrugged would work in an Ayn Rand quote.
Alan Greenspan - is that you? (I know not).
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