Chris Kline
👤 SpeakerAppearances Over Time
Podcast Appearances
And Warren Buffett would probably give me a nice little tap on the back, a pat on the back for this one is that starting early is your best tool.
So not waiting until you're in your 30s or 40s in your earning years, but find a way to start putting, even if it's, you know, you can do up to $8,000 a year in a retirement IRA.
Say it's 1,000 or 500 bucks.
You do that now in a decade from now, it will build just with basic compounding interest, right?
So I think that the fact that it's something to worry about later in life is the biggest misnomer from the American public.
It's you got to kind of just face it, face the music and address it and start solving it now.
And you're not going to solve it in a year or even five years or even a decade.
It's something you have to slowly build up for your later years of your life because it's getting more expensive.
Healthcare is getting worse, but all the moving parts of life are getting more expensive.
So the earlier you start, the better, the better tools you have to compete in that older age when you're just trying to relax and enjoy your life.
Yeah, absolutely.
Thanks for having me.
The wealthy use these downturns for what's called a Roth conversion.
These are the tools that are out there, but they just don't teach anybody how to do them.
So taking even a little bit of time watching a show like this and 90% of the time they'll find a way if you have non W-2 income to really put something together that can save you over years, thousands of dollars today, but maybe millions tomorrow if you invest in the right tools.
Yeah, no, great point.
You know, there's holding an asset and then there's where you hold an asset.
And that's really the critical difference that most people think about.
As Bitcoiners, we always said, well, we were not my keys, not my crypto.
Now some of us are moving into custody solutions because we want to hand it down to the next generation in a smooth fashion.