3 Key Takeaways:

✅ 401ks: A Double-Edged Sword? While 401ks offer forced savings and tax deferrals, they shift risk to employees and may not be ideal for entrepreneurs due to deferred tax implications and limited investment control.

✅ Real Estate's Unmatched Advantages: Unlike stocks, real estate offers significant leverage, potential for massive depreciation and tax benefits (like cost segregation), and fulfills a basic human need, making it a powerful wealth-building tool.

✅ Timeless Wealth Principles: "The Richest Man in Babylon" provides foundational rules for financial success, emphasizing diligent saving (start with 10%!), controlling expenditures, making your money multiply, guarding investments from loss, and making your dwelling a profitable, secure investment.

What's one key financial principle you've learned that has significantly changed your approach to money?

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