Mutual Funds: What I Learned About Money From A Gas Station Owner
Before he retired, my cousin, Sam, owned a gas station for many years. One day I was putting gas in my car. He told me about a customer who wanted some work done on her car. She asked Sam, “Will you take it out in trade?” He said, “Only if you can show me a way to put it in my cash register.” On that day, I learned that cash is king. Are you trading your hard-earned money for services that don’t put more money in your pocket? For instance, if you pay an investment adviser commissions
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