You can start to feel Old Man Winter’s breathe in our neck of the woods. Today I busted out my favorite goose-down coat as I headed out the door this morning. I reached into one of its pockets and discovered an unclaimed $20 bill. Gosh, I love it when that happens.
I had that same feeling earlier this last weekend when I was catching up on my favorite blogs. I learned of a new resolution to our issue of having too much money tied up in retirement accounts that, in theory, couldn’t be touched without penalty until age 59.5.
I promised this blog wouldn’t be full of a bunch of advice as there are multiple ways to skin the wealth-building cat. However, it seems any PF blogger worth their financial salt has their go-to wealth-building tip that they feel most helped them get to where they are.
For some, it is to never own a car and live in an area where you can bike to work. For others, it may be that dividend, index fund, or peer-to-peer investing trumps all else. Further yet, buying rentals and becoming a landlord is another silver bullet that some may preach.
All of these are doable and great options. However, the only way to get to a point where you can do these things is to have the money to do so first.