If you're looking for 401(k) advice, you're not alone.  Not by a long shot.  Because most businesses and corporations use 401(k)s, and because they're endorsed by the government, millions of people have them.  And believe it or not, that's not a good thing.

Sure, saving your money in a 401(k) is better than wasting it.  But 401(k)s don't historically perform much better than hoarding your money away in a savings account. The most important 401(k) advice we give here at Freedom FastTrack is to get out of them.  Don't just buy into them because everybody else does. 

That's controversial advice, but if you keep reading you'll see why it's based on sound thinking. In fact, it's based on what the real money wizards do with their own money.

Does Warren Buffet Put Money Into a 401(k)?

Not on your life!

What does Warren do?  Instead of settling for a 401(k)s meager returns, Warren Buffet invests in the things he knows best. He puts his knowledge, judgment, and passion to work for him (and his stockholders) by investing close-to-home, purchasing focused, individual companies.  

He looks past the corporate and financial dogma and sleight of hand to find individuals who create real value for their customers and clients, and he typically buys the companies run by those individuals.  Most famously, he insists on keeping those individuals in place, performing their same jobs.

That's because Warren Buffet understands the real source of value creation and wealth.

It's also because Warren avoids or eliminates risks associated with diverse investment products found in most 401(k)s. Rule #1 for Warren is "don't lose money."  Investing too far from home is just plain risky, and the smart investor seeks to transfer rather than retain those kinds of risk.

At Financial Freedom FastTrack, we recommend you follow Warren Buffet's success principles, rather than Spiffy-the-mutual-fund-guy's sales pitch.

Specifically, we recommend that you:

• Get out of your 401(k).
• Use those funds to build upon your own ability to create value and wealth.
• Eliminate the risks associated with investing by investing close to home.
• Focus on Value Creation rather than complicated financial vehicles.
• Transfer risk rather than retaining it - or worse, accepting it as an inherent part of investing.

A Better Way to Look at Retirement Planning

If you're asking about 401(k)s, you're probably (indirectly) asking about retirement planning.  And most of what's wrong with 401(k)s extends to retirement planning.  So just as we have some rather unconventional - but liberating and wealth producing - advice on 401(k)s, we also have similarly myth-busting advice on retirement planning that you'll want to read.