Guaranteed Returns. Guaranteed.
... I Guaranteed It
You know, it never ceases to amaze me. Finance. Personal Finance. Investing. Stocks. Bonds. Gold. Silver. Real estate. Investing. I suppose it’s human to chase down every new idea and develop some great tip or trick that will shortcut “your path to fast and easy wealth.”
The problem is that so much of the advice poured forth in a glut of AI-generated marketing doesn’t take into consideration the needs and desires of the average person in America.
Most consumers of finance information from the endless list of “financial experts” are the same teaming masses of humanity that can’t come up with 1000 dollars in an emergency. Surprise, the Facebook and TikTok generations are good at consuming but not so good at follow through and common sense.
Well, I’ve got another one for you. I can guarantee you a good return. You got that? Guarantee.
I mean, take for instance the home page of The Motley Fool. Dont’ get me wrong, I have nothing against them, you should read their content, you will learn and grow a lot. But take a gander below …
What are they and every other financial talking head trying to do? Nothing has changed since the roaring 1920’s and the hawking of financial products on the unsuspecting masses.
I think we can all take a little bit too much of a good medcine, you know what I mean? Heck, I won’t knock Robinhood or any of those other apps if that’s what it takes for someone to dip their toes into the investing waters and start to learn about growing money and being a good steward of financial resources.
Never forget the basics.
I do want to remind my dear readers amidst the sea of options and commentary out there, everyone trying to maximize returns and divine the markets next move … that there is a simper way to guarantee a good return.
My advice? Stop trying to play the spread and use that as an excuse to pay other people interest.
Don’t make me take you back to math class. We know that there are a few rules in life and finance that are self evident.
Paying interest to other people makes you have less money.
You can lock in and guarantee returns by paying off debt.
Playing spreads has ALWAYS been risky and NOT bulletproof.
You want my advice? Don’t carry debt payments if at all possible. Pay off the car, the student loan, the house, the credit card heaven forbid. Unless you are a millionaire (and therefore not reading this Substack), you are playing at different level and may indeed use bank debt to your advantage because you have luxury to do so.
That is not advice I would give the average reader or average F.I.R.E. minded person.
Instead of trying to figure out if Tesla stock is undervalued, maybe you should consider how you can pay off your house early. Lock in your return, no matter what your mortgage rate is, 2-3%. Doesn’t matter.
STOP paying interest to other people. Be free from that financial and emotional burden. It isn’t risk free to play spreads, life will throw a curve ball at some point. It IS VERY RISK free to be debt free.