We have a cliché problem in personal finance. Too many empty phrases that get repeated endlessly because they suggest expertise and mastery of money. You’ll find some prime examples of stale personal finance clichés in a recent blog post by money coach Anita Bruinsma. Under the headline “,” Ms. Bruinsma takes on real estate investing, passive income, side hustles and more. I liked her post so much I invited her to expand on it in a Q&A.
Q: I cannot believe how often I’ve heard the phrase “investment property” in the past couple of years, both professionally and in conversations with friends and family. You’ve taken aim at the idea that investing in real estate is the best way to get rich. Why? A: If you want to see me get fired up at a dinner party, invite someone who loves to talk about trading crypto and stocks. People who brag about how much money they made trading stocks and crypto usually aren’t telling the whole story. Winning in trading on a consistent basis is rare – so rare that even the most experienced Bay Street money manager can’t do it.