inquisitive
Recycles dryer sheets
- Joined
- Apr 7, 2008
- Messages
- 223
So I've been listening to "The Millionaire Next Door" and it has really piqued by interest in millionaires, although I've had a plan for a while now, but on that program, the author mentions that one of the hallmarks of millionaires is to reduce the realized income and maximize the unrealized income as much as possible, to decrease the amount of taxes, and also mentions that Ross Perot is an expert at this. For the millionaires here, is that correct, and also, how exactly does one increase the unrealized income? For example, if I put a lot of money into the stock market and my stocks go up in price, eventually I'll have to sell it and buy other stocks, so doesn't that become realized income?
What does FIRE stand for? There is conspicuously no FAQ or sticky in both of the forums containing the word FIRE and I did a search and could not find the answer..
Thanks!
What does FIRE stand for? There is conspicuously no FAQ or sticky in both of the forums containing the word FIRE and I did a search and could not find the answer..
Thanks!