{"id":1936,"date":"2021-02-28T12:16:53","date_gmt":"2021-02-28T20:16:53","guid":{"rendered":"https:\/\/dadspersonalfinance.com\/?p=1936"},"modified":"2021-02-28T12:20:12","modified_gmt":"2021-02-28T20:20:12","slug":"1936-2","status":"publish","type":"post","link":"https:\/\/dadspersonalfinance.com\/1936-2\/","title":{"rendered":"Invest Like Dad?\u00a0 – Maybe Not"},"content":{"rendered":"

Photo by\u00a0Heike Mintel<\/a>\u00a0on\u00a0Unsplash<\/a><\/p>\n

 <\/p>\n

We must acknowledge that the only constant is change.\u00a0 While I am delivering as much of my experience as I can to my children, I also realize that life is ever changing and that applies to personal finance as well.<\/p>\n

 <\/p>\n

So while I am very grateful to my Dad for sharing his investing experiences with me, I didn\u2019t follow him exactly.\u00a0 I have to admit that I did follow his roadmap but I had to tweak it to adjust with the times.<\/p>\n

 <\/p>\n

As I mentioned in an earlier post our parents and grandparents lived in the same house for 20, 30 or 40 years.\u00a0 Initially, I did the same thing only to find out 4 single family homes later that I lost money on each of the homes with the exception of the ones where companies I joined were helping out with the move,\u00a0 And even with that help, I just barely broke even.\u00a0 From then on, I didn\u2019t buy single family homes the same way.\u00a0 I had to find a better method.\u00a0 The result is what is referred to as house hacking.\u00a0 I would move into homes, fix them up, rent out 1 or two rooms and then sell for a profit before moving to the next town.<\/p>\n

 <\/p>\n

My father invested heavily in dividend bearing stock, bonds and local utilities.\u00a0 I focused more on the S&P500 index type of funds and very little bonds as I never made much money with them.<\/p>\n

 <\/p>\n

Dad invested in renting out single family homes and I focused on multi family homes. \u00a0\u00a0Some are stating that multi family homes are no longer an alternative investment.\u00a0 That they are now mainstream.<\/p>\n

 <\/p>\n

The point here is that I don\u2019t expect that you will invest exactly like me.\u00a0 Things change and investing will change just like any other types of business.\u00a0 I do feel it is my responsibility to share what I have done and learned so that it may help you.\u00a0 The point is not to tray to force you into my way of thinking but to open up your mind to the endless possibilities of investment out there.\u00a0 I already know that you are conservative with finances just as my Dad and I were.\u00a0 This will help to set you up with success.<\/p>\n

 <\/p>\n

What I would urge you to do is your due diligence.\u00a0 Find mentors, read and learn as much as you can.\u00a0 I hope that you earn as much as you can.\u00a0 Not for the sake of having money but for the sake of buying back your time giving you the capability to spend more time with friends and family.<\/p>\n","protected":false},"excerpt":{"rendered":"

Photo by\u00a0Heike Mintel\u00a0on\u00a0Unsplash   We must acknowledge that the only constant is change.\u00a0 While I am delivering as much of my experience as I can to my children, I also realize that life is ever changing and that applies to personal finance as well.   So while I am very grateful to my Dad for […]<\/p>\n","protected":false},"author":1,"featured_media":1937,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16],"tags":[9,49],"class_list":["post-1936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing","tag-investing","tag-personal-finance"],"yoast_head":"\nInvest Like Dad?\u00a0 - 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