Quote:
Originally Posted by BWillie
Other than cryptocurrency, buying property has been the best thing financially I've ever done. I bought a house in 2008 for 160k that is now worth 275k. I bought a property in 2010 for 250k that is now worth damn near 500k. I bought the house I live in now just 4 years ago for 250k and it's now worth 375k. I lived in them for a bit, then moved out & just rented them. Why you would ever rent is beyond me. Just flushing money down the toilet. Think long term not short term.
The dumbest thing I'm doing right now is some Dave Ramsey shit, just letting my 10 BTC I cashed in on May 12 sit and rot in my bank account. I haven't figured out what I'm going to do with it yet. Might start flipping houses like a buddy of mine is doing making money hand over fist - doing no work himself.
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Thinking long term has pretty much been the central tenet of my philosophy on life and everything else. Unless the short term is something that will kill me, like an alligator attack or standing in front of a moving train, I've always chosen the path that's best for the long term. For a long time it didn't seem like it was paying off, and then about ten years ago everything kicked in. The past decade has been very very good to me.