I’m a born skeptic. I question everything and always have. Even as a young child, I remember people trying to indoctrinate me into their beliefs and my brain would question and then usually reject them. Now that I’m older, I’m as skeptical as ever. I am open to new ideas, but you better have pretty good evidence if you are trying to convince me to change.
This is especially true with investing. There is so much bad information, I’ve come to believe that 99.9% of it is worthless and even worse, sometimes harmful. However, I recently read a post that convinced me to change my investing strategy in a very significant way.
A couple years ago, I decided to minimize my pre-tax investing (mostly my 401(k)) in favor of post-tax. The reason being I plan to retire long before I can access my pre-tax investments. However, a post by the Mad Fientist showed me that I could access my 401(k) money ahead of the minimum age. This means that I can maximize my tax savings now, but still get at the money on my own schedule. Its a brilliant strategy with no funny business involved.
But the greatness of the Mad Fientist doesn’t stop there. Here’s another one where the Mad Fientist shows us how to use your Health Savings Account as an investment vehicle. Brilliant! He’s even done all of the research including reading the IRS documentation. Just thinking about reading that stuff makes me sleepy, so I’m glad the Mad Fientist has done it for us.
Need more reasons? Check out the Mad Fientist’s podcast series where he interviews many heavy hitters. All of these are definitely worth a listen. Fire up your music device the next time you’re on the treadmill and give these a listen. I did.
I’ll throw one more reason to read the Mad Fientist at you; he’s a really interesting guy. He’s in his early 30s and is retiring this year. Let me tell you the most amazing part though: He’s exiting the workforce around the same time he graduates with a free master’s degree from one of the finest institutions in the world.
The people in my sphere who earn master’s degrees from fancy schools follow it up with a pay raise and a director position. They never see their children, but they have a new black Audi to park in the driveway after their 12 hour work day. After the Mad Fientist earns his master’s, he’ll be traveling the world. I think the Mad Fientist is the one with the right idea.
Do your portfolio a favor and follow the Mad Fientist. Here is where to find him:
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*Only if your life is pretty bad to begin with.