We’ve already seen that an investment in your 401k is an investment that is destined to dramatically under-perform the market, mainly because of the poor investment choices offered.
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Task 1: Does your employer also contribute to your retirement plan? Do you also have some credit card debt? What’s the interest rate on your credit cards?
Task 2: What other areas of opportunity can you see that might reasonably be expected to produce long-term returns in the 11% – 17% range?