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by newacc9 1544 days ago
Get married, have children, buy assets.

There's this idea that men don't need to settle down because they can have children at any age, which I guess is technically true but it presupposes that a 30 y/o woman will want to have children with you when you're 45, but they are more inclined to go +5 years, not +15.

Also take prescription labels more seriously, like don't take Advil all the time, because you will get an ulcer and don't mix alcohol and aspirin because it causes liver damage.

Exercise and don't eat to much, and invest in your posture (don't get carpal tunnel, hunch over at the computer, etc)

2 comments

> alcohol and aspirin

I think you mean tylenol / acetaminophen (maybe aspirin is bad too?)

Even if you can find a younger mate, you'll want to participate in your kid's lives and that's much harder as an old man. If your kids are teenagers and you're in your sixties, I imagine it can be tough; and if they make the same choices as you, living to see grandchildren is unlikely

+1 for having kids at a younger age. My dad was 44 when I was born and he died when I was 16 -- that sucked a lot. I think you should have a fair idea you'll live long enough to see your kid "launched" into the world -- say 25 years old at a minimum. If you won't live that long, don't have kids.
cant you elaborate on "buy assets"? stocks, real estate, all the above, something else?
Live in a non recourse state And buy real estate with leverage. heads you win big tails you walk away with fixed losses
Wait, what? There are states where I can buy a million dollar house with a loan, and if I default they can only take the house, not the value of the loan?

If someone told me that 10 years ago, I might have made different life choices.

> Wait, what? There are states where I can buy a million dollar house with a loan, and if I default they can only take the house, not the value of the loan?

Yes, and California is one of those states, for purchase-money mortgages on owner occupied properties; and after Jan 1, 2013, also for refinances of purchase-money mortgages on owner occupied properties. Foreclosing the property satisfies the loan, if there's excess from the foreclosure auction, you'll get paid; if there's a deficiency, you'll have taxable income for the amount written off. Word on the street is most California foreclosures go through the non-recourse process (private sale), even for loans that they could sue for deficiency (judicial foreclosure), because the process is quicker and simpler.

Yeah usually blue States
Not really… there are 12 states, of those ~7 are traditionally red
Use the bankers money to buy a rental duplex/triplex/quad I think is the shortest path to wealth, but atm I'm only interested in bitcoin, nvidia (watch GTC that came out yest) and SARK.