Chapter
The Danger of Following the Majority in Life
58:37 - 1:17:30 (18:52)
Following the majority's path will lead to the same unsatisfying results that most people are experiencing. It's essential to find a path that works best for you, even if it's not the most common approach.
Clips
REITs are a great way to invest in real estate without needing to directly own property.
58:37 - 1:03:45 (05:07)
Summary
REITs are a great way to invest in real estate without needing to directly own property. With dividends typically ranging from 6.5% to 7%, they can provide a steady stream of income, and once a certain amount is invested, it becomes possible to borrow from big banks at low rates.
ChapterThe Danger of Following the Majority in Life
Episode#214 with Ramit Sethi - Why You Should Have a Diversified Investment Portfolio
PodcastMy First Million
In this podcast episode, the speakers discuss the importance of long-term financial planning and how an 8% annualized return rate could help most people reach their financial goals.
1:03:45 - 1:09:21 (05:36)
Summary
In this podcast episode, the speakers discuss the importance of long-term financial planning and how an 8% annualized return rate could help most people reach their financial goals. They also highlight the need to consider potential risks and have a clear understanding of what one wants to do with their money.
ChapterThe Danger of Following the Majority in Life
Episode#214 with Ramit Sethi - Why You Should Have a Diversified Investment Portfolio
PodcastMy First Million
Following the norm won't lead to the results we want, whether it be in relationships, wellbeing or success.
1:09:21 - 1:17:30 (08:08)
Summary
Following the norm won't lead to the results we want, whether it be in relationships, wellbeing or success. In order to achieve what we want, we must venture outside of the norm.