Non-Real Estate Investing

Non-Real Estate Investing

Real Estate Investor · Auburn, WA · Member since 2016 · 83 posts · 22 votes

So, at the age of 35 I just recently read Rich Dad, Poor Dad. Well, I started reading it right out of college, but never got past about the first chapter or two (wish I had finished it then!).

I'm not even sure I'm exaggerating when I say it was completely life changing. Like many who read it for the first time, it had me feeling like I've been doing it all wrong. It was great in that it got me thinking that i need to start buying more true assets, and making my money work for me. Problem is, outside of vague mentions of Real Estate and other vehicles, it doesn't really delve into other investment options.

I'm putting 8% into a 401k through my 9-5 (100% up to 4%, 50% from 5-8%), and I'm an accidental landlord (thin cash flow at the moment). Outside of that our primary residence is our only "asset" we have. 

I'm currently in the beginning stages of REI, but I'm looking for some advice on how I can use some non-Real Estate investment vehicles to start building some wealth. Books, websites, whatever resources you'd recommend for someone that doesn't know much about investing.

Looking forward to any suggestions!

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  • Lender · Fort Pierce, FL · Member since 2009 · 825 posts · 486 votes
    10y

    Read "The Richest Man in Babylon" by George Classen available of free download

  • Point Roberts, WA · Member since 2015 · 102 posts · 18 votes
    10y

    The best book on personal finance is "Making the Most of Your Money Now" by Quinn.

    It's like an encyclopedia of financial tools with great advice included.  Practical and comprehensive.

  • Real Estate Investor · Auburn, WA · Member since 2016 · 83 posts · 22 votes
    10y

    @Kevin Yeats I actually just added that to my to-get list after one of the podcast guests recommended it. 

    @Olivia C. I've never heard of that one! I'll put that on the list!

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