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Towards the end of the show T.I. gave an analogy that was so simple, yet made so much sense. He talked about taking two 15 year-olds with one working at McDonalds and the other dealing drugs. He correctly stated that all things being equal the McDonalds worker will be much better at the 10 year point. The drug dealer undoubtedly will probably be in jail, or worse dead in 10 years, and that everything has to be looked at from a long term standpoint. He also correctly stated that from a simple financial planing standpoint that crack dealers don't get 401K's set up for them. Just a little wisdom from someone who will begin serving jail time next month, but has been fortunate enough to apparently beat the odds and wants to spread a little wisdom.
1 comment:
Thanks for that, just what I needed kind of. fidelity 401k and Yes, it's cool, and useful for me
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