Bootstrapping
fromPsychology Today
2 months agoThe Sacrifice Secret
Short-term sacrifices can lead to long-term financial freedom, as per Dave Ramsey's philosophy.
Precious metals, especially gold, may serve as an alternative investment for those diversifying beyond equity markets, but they lack the cash-producing capability to ensure long-term value.
Dave Ramsey emphasized that calling a 401(k) a scam is "ridiculously ignorant" as many millionaires build substantial wealth through these accounts, highlighting their effectiveness.