Financial Success Late In Life Is Nothing To Lament

I love this chart that Anna Vital made that is going viral across the United States. If anything, though, it’s incomplete because it ignores so many people who didn’t start becoming successful in a business endeavor until their 40s, 50s, 60s, and so on.

indirectpath

This list doesn’t even include Sam Walton, who was running a five-and-dime Benjamin Franklin store and then learned that his landlord was going to charge him extortionist rent in an effort to get him off the land. If Sam Walton didn’t encounter a greedy son-of-a-gun landlord that had his eye on Walton’s franchised business, he might have spent the rest of his life owning a dozen or so small … Read the rest of this article!

Roth IRA Investing: Altria Stock Since The Financial Crisis

There is a reader of this website who purchased shares of Altria stock in 2009 when the rest of the world was falling apart during the Great Recession. I have often mentioned on this website that it only requires a small handful of decision, technically only one, to gradually replace the income that you earn from your labor with income that you earn from a passive source such as ownership in a great business.

Altria was always an interesting business because it typically traded at a low valuation due to the stigma around owning tobacco stocks as well as the existential question of whether its core business model would be effectively regulated out … Read the rest of this article!