That's not bad advice. An investment doesn't have to be solely financial. Having a home that belongs to you and your family is good despite the opportunity cost of other things you could have invested in.

The worst advice I have ever been given was many moons ago. I was working in the retail business after college. I was a supervisor at a retail store and was offered a promotion to management. The local union rep that represented all non management employees said to me I should reconsider "because the union couldn't protect me anymore". Anyways, I ignored him. In the next 5 or so years I tripled my salary and worked my way up to managing a 20M dollar volume store, regional training manager and regional director. I used the connections I made to start an adjacent side business. Eventually my business grew enough to sustain my income and I worked solely at that. My business allowed me to buy a home and then a second home out of the city (where I live now) and other assets like bitcoin and stocks. I sold my business and home in the city in 2022 and semi-retired. Don't get me wrong, I am not rich (maybe rich in time), we live modestly and my wife and I both still work part time but I think things worked out ok for me without the union protecting me.

Something like PlebLab will never work. From pretty much everyone but the people in PlebLab.

Any financial advice from my father-in-law.

The one that comes to mind is that we should make sure to get a house with a 3-car garage, for the resale value.

I can’t think of any!

Sometimes I don’t agree with the advice people give me (but I swallow my doubts), but I can usually see where they are coming from and understand why they offer a particular kind of advice.

Gosh Sensei is such an empath

Same: #566903

Sell your bitcoin, before it goes down again, and invest in the "real economy" 🤡

Bet on this game, that game.

Last cycle I sold some SATs because I wanted to diversify my assets.

I bought some stocks (value and dividend). Now my stock portfolio is down 80%.

I learned the lesson, there is not second best.

Buying a house was a good investment from about 1990 until about 2021...as interest rates steadily declined from close to 20% down to close to zero. As a Boomer I earned far more tax free CGs via real estate than I ever earning via taxable earned income. For the future in the wests highly indebted and financialised economies with the USD and US financial hegemony in decline investing in real estate is somewhat less of a good investment.

Numerous people saying Bitcoin is a scam. I ignored them, pitied them even... Now am comfortably retired!