The Camp Wealth NewsletterWelcome to Edition #37 of the Camp Wealth newsletter! Work Optional TipCharlie Munger was a big fan of using inversion to solve a problem. Instead of asking, "How do I create X?", turn the question backward and ask, "How do I create non-X?". This is the key to solving hard problems. So, instead of asking yourself, "How do I create a happy life?" you'd ask yourself, "How do I create a miserable life?". Charlie Munger addressed this question in his speech delivered to Harvard in 1986. Charlie Munger's tips to guarantee a life of misery: First, Johnny Carson prescribed 3 ways to guarantee a life of misery, which Charlie Munger repeats adding his commentary:
Munger goes on to add four prescriptions of his own for a life of misery:
My prescriptions to never build wealth:
What I'm Reading📗 Book: Elon Musk by Walter Isaacson Which inspired this tweet:
📝Blog Post: https://ofdollarsanddata.com/more-people-buy-number-go-up/ 💬Quote: Content From Me📽️ YouTube: The Mega Backdoor Roth IRA 🐦Twitter (X):
🎙️ Becoming Work Optional Podcast: #004 - Understanding your Cash Flow https://rss.com/podcasts/workoptionalpodcast/1355585/ That’s all for now! Feel free to reply to this email and let me know what you think of today's newsletter. I respond to every email :) Rachael If you're looking for a personalized roadmap to work optional, I'm here to help. I offer customized financial planning for high-earners and entrepreneurs. Find out more here: www.RachaelCampWealth.com If you are not ready to work with a financial planner, we created a course to guide you on how to create your own financial plan: https://www.allstreetacademy.com/ Advisory Services are offered through Creative Financial Designs, Inc., a Registered Investment Adviser, and Securities are offered through cfd Investments, Inc., a Registered Broker/Dealer, Member FINRA & SIPC, 2704 S. Goyer Rd., Kokomo, IN 46902. 765-453-9600. This email message may contain confidential information, and is intended only for the use of the persons to whom it was sent. If this message was received in error, please destroy the message and let us know about the error in transmission. The CFD companies cannot accept trade instructions sent through this email system. |
The newsletter for high-earners and business owners who want to maximize their money for financial independence and time freedom. I simplify 1 personal finance tip, framework, or skill you need for financial freedom every other Thursday. Join 1,000 + other readers.
The Camp Wealth Newsletter Welcome to Edition #36 of the Camp Wealth newsletter! Every other Thursday, I’ll simplify 1 personal finance tip, framework, or skill to help you become work optional. If you want to build tax-free wealth (and who doesn't?) look no further than the Roth account. With the Roth - your money goes in after-tax but grows tax-free and comes out tax-free for "qualified distributions". It's a powerful account. So are Traditional 401(k)s and Traditional IRAs, which are...
The Camp Wealth Newsletter Welcome to Edition #35 of the Camp Wealth newsletter! Every other Thursday, I’ll simplify 1 personal finance tip, framework, or skill to help you become work optional. The book, The Top Five Regrets of the Dying, is a memoir by Bronnie Ware who worked in palliative care spending her time tending to the needs of the dying. She found the #1 regret of the dying to be: “I wish I’d had the courage to live a life true to myself, not the life others expected of me.” Warren...
The Camp Wealth Newsletter Welcome to Edition #34 of the Camp Wealth newsletter! Every other Thursday, I’ll simplify 1 personal finance tip, framework, or skill to help you become work optional. In mid-2021, the book "Die With Zero" came out and with its release, the Financial Independence community would be forever changed. You see, before its release, many of us were aggressively saving our money, living far below our means, and boasting our impressive savings rate (which turns out only...