A True Investor

On March 3, 2026, LaCole shares an introduction to improving one's financial education and basics to becoming a true investor. There are set mindsets that separate the poor and the rich. Listen carefully and take notes to learn how to set yourself up for building wealth. Stop looking for quick fixes and become a better steward of what you have.Colossians 3:1-10 NLTEphesians 6:13-19 NLT1 Corinthians 10:31-33 NLTBook: Rich Dad’s Cashflow Quadrant: Guide to Financial Freedom by: Robert T. KiyosakiPoor people often say, “Investing is risky.”Rich people often say, “Being financially uneducated is risky.”Lacking financial education, experience, and guidance makes investing riskyInvesting is the key to financial freedom.Five things happen to people who do not invest, or who invest poorly:They work hard all their lives.They worry about money all their lives.They depend on others, such as family, a company pension, or the government, to take care of them.The boundaries of their lives are defined by money.They will not know what true freedom is.Most people learn how to work for money. You have financial freedom when you have money working for you“The more money you have working for you, the less you pay in taxes — if you are a true investor”According to Robert Kiyosaki, 401(K) plans are possibly the worst ways to plan for retirement because:TIME magazine has been predicting that millions will not have enough money to retire after a lifetime of turning their money over to strangersA typical 401(K) plan takes 80% of the profits and the investor may get 20% if they are lucky.The investor puts up 100% of the money and takes 100% of the risk so the 401(K) company makes money, even if you as the investor loses moneyTaxes work against you with a 401(K) plan at a income-tax rate of around 35%If you take the money out early, then you’ll have to pay an additional 10% penalty taxYou have no insurance if there is a stock-market crashThis retirement plan is for people who are planning to be poor when they retireSmart investors understand taxes before investingI am not saying 401(K) plans are bad, although I would never have one. For me, they are too expensive, too risky, too tax-inefficient, and unfair to the investorI believe there are better ways to invest, but they require financial education“If you are a true investor, it does not matter if the markets are going up or coming down. A true investor does well in any market condition.”“Remember that the U.S. dollar has lost 95% of its value since 1971. It will not take long to lose the rest of its value.”“The more people you are indebted to, the poorer you are…The more people you have indebted to you, the wealthier you are. That’s the game.”Proverbs 24:1-12 NLTMatthew 11:28-30 NLTYou can always improve yourself and your situation. Walk in faith and move in purpose with love.Be sure to like, comment, subscribe, and share for more content!Let's connect!Quick Bio:https://lacolepurlzpurley.link