Which is better?

Launching a business, using the internet, using the creative strategies that we teach around here, or long-term investing.

Which is better?

That's a question that has popped up a few times around here.

It's something maybe you're contemplating.

If you've got some money set

aside, you're thinking which is a better use of my money, perhaps. Let's dive into this topic a little

bit today. Hey, this is Jim with Silent Sales Machine Radio. Thanks for joining me. I think this will be a

fairly short episode. Hopefully I give you some new ways to think about the two questions that I just asked

and comparing them to each other. Now, if you are a fan of most traditional investing advice,

you've heard for years, and I'm not here to argue against the traditional good advice,

you should max out your 401k if you have one, for example. I know how the hockey stick curve of investing

plays out. I'm familiar with the effects of long-term compound interest, for example. So if you're in

your 20s and you start putting aside just a little bit of money every month at 8 to 10% interest,

you're going to have a million dollars. start young. I understand all of that.

I also understand, and this may be news to some people, hopefully it's not, but how much you

earn is really kind of irrelevant. It's how much you spend that really matters. Because you hear

all the time of these teachers, the very disciplined

spenders, someone who had maybe a $30,000 to $50,000 income for years and years and years,

and they became multimillionaires just by spending in a disciplined fashion and investing in some

kind of stock market mutual fund, typically other creative ways to invest.

There's a multitude of ways you can invest up there, passive investing where you just

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