Don't Let Sunk Costs Dictate Your Trades
Sunk cost fallacy has probably destroyed more portfolios than any bear market. "I can't sell now, I'm down too much." The market has no memory of your entry price. It doesn't know. It doesn't care.
Spend Less, Invest the Rest: Proven Success
"When I was young, I read The Richest Man in Babylon, which said to under-spend your income and invest the difference. Lo and behold, I did this and it worked." — Charlie Munger https://t.co/dlvwys5Q0r
Sell Losses Today, Rebuy Tomorrow for Tax Savings
📌 Tax Harvesting Opportunity – Act Today Those who are planning to do tax harvesting, today is the perfect day to execute it. As the financial year ends on 31st March, from 1st April a new financial year begins. 👉...
Money Market Funds: Safer, Simpler, Higher Returns Than Savings
What if there was an investment that was safer than crypto, easier than stocks, and more rewarding than your savings account? There is. It is called a MONEY MARKET FUND. There is no simpler, safer or smarter first investment than a Money Market...
WGC Urges Aussies to Buy Gold Amid Rate Hikes
World Gold Council says Australian investors should buy bullion’s price dip despite RBA rate rises https://t.co/xE9qJc1wol
Online Calculators Miss Hidden Retirement Risks
You’re 45. You’ve saved $800K. You check a retirement calculator online and it tells you you’re on track. You feel good for about a week. Then someone asks you one question.
Use Credit Card, Reimburse Later: Maximize HSA Gains
I never activated my HSA debit card and you shouldn’t either Pay all medical expenses with a credit card, then reimburse yourself from HSA via direct transfer to your bank. Bonus strategy: reimburse yourself in 20+ years (keep documentation) and invest HSA...
Budgeting Variable Income: How Much Should You Allocate?
You’re 36, Tech Sales Director, Austin. $200k-$500k income. Married, 2 kids. $700k retirement, $300k brokerage, $50k cash. Your comp is highly variable. How much to you budget for expenses each year
Still Open Solo 401(k) for Side Hustle, Contribute $70K
If you haven't filed your 2025 taxes yet and you had a side hustle for the 2025 tax year You can still open a solo 401(k) for your side hustle and use this to get up to $70K into this plan....
Sunday Routine: Pay Bills, Plan Meals, Review Finances
Things we do on Sundays to get our money right for the week: 1. Pay off credit cards from the prior week 2. Grocery shopping /meal planning 3. Review our joint checking account 4. Review sinking fund accounts 5. Plan for the week's...
Skip Car Payments, Grow Six‑Figure Wealth Over Time
Friendly Reminder: The average car payment is $749/mo. If you invest that money instead? You'll have: $142,789 in 10 years. $485,350 in 20 years. $1,311,510 in 30 years. That "new car smell" is your money on fire 🤣
Simple, Consistent Investing Beats Spending for Millionaire Goal
I will become a millionaire before 30 by doing basic things: - don’t spend money on stupid stuff - max 401k, put it in S&P 500 fund - max Roth IRA - max HSA, invest it - every 2 weeks put money in brokerage invested...
Diversification Illusion: Hidden Concentration Threatens Portfolio Resilience
Most portfolios look diversified. Very few actually are. High-net-worth balance sheets often carry hidden concentration risk—especially in real estate, private business interests, and illiquid positions. On paper, it looks like strength. In reality, it can create fragility. A fiduciary approach doesn’t just ask...
Wealth Grows When You Trade, Read, and Complicate Less
Investing is an odd field where effort often hurts returns. The more you trade, the less you make. The more news you consume, the worse you perform. The more complex your strategy, the more likely it fails. Wealth is built...
Retirement Investors Face Heightened Risk From This Error
This error can hurt any investor, but it’s especially risky for those in or nearing retirement. https://t.co/bk4v9GJCb1
Non‑Trump Accounts Can Outgrow TAs with Greater Flexibility
While many illustrations of Trump Accounts (TAs) project how their value can grow to eye-popping levels over time, the reality is that similar (or even better) results can be achieved in other types of accounts that have far more flexibility...
Robo‑advisors Rebalance; Agentic Finance Does More
Roboadvisors rebalance your portfolio Agentic finance negotiates your mortgage, finds tax alpha, and moves capital while you sleep These are not the same category
Avoid Stocks with Confusing Accounting, Buffett Advises
Warren Buffett’s investing rule is simple: if the accounting is confusing, walk away. Smart investing starts with transparency. If you can’t understand the numbers, you shouldn’t own the stock.
Fundamentals Beat Luck: Prioritize Allocation, Horizon, Selection
Don't mistake a "lucky" market timing trade for a "good" investment strategy. True financial success is built on a boring foundation: ✅ Proper Asset Allocation ✅ A Long Investment Horizon ✅ Superior Stock Selection That doesn't mean that timing cannot add a few percentage points...
Wealth Grows by Spending Wisely, Earning More, Investing
Insurance and trusts are not how you build wealth, it’s how you protect wealth. Focus on controlling your spending, increasing your income, and investing consistently.
Tax Drag Hurts: Optimize Asset Location for After‑Tax Gains
Tax drag in taxable accounts are a real drag. Ignoring asset location is straggling after-tax money.
Stay Near Target Risk, Always Own Market Beta
If you are persistently leveraged long assets above your risk target you are doing it wrong and this month is a lesson. Consider moving to your risk target If you are perma bear and always underinvested and in...
Use Sinking Funds in High‑Yield Accounts for Big Expenses
People always ask me how I plan for big expenses without blowing my budget. And my mentor taught me about sinking funds. Here’s how they work and why I keep mine in a high-yield savings account. 🧵
Build a Checking Buffer, End Overdrafts Forever
I used to be an overdraft princess until I created a buffer in my checking account. Never overdrafted again.
Earn More, Spend Less: Beat Lifestyle Inflation
Every time your income increases, your lifestyle should not automatically follow. Most people get a raise and immediately upgrade everything. (New phone, new apartment, new outings, new everything) The income went up but the savings stayed the same. This is lifestyle inflation, and it...
Neglecting to Review Old Policies Costs More Than Bad Investments
The most expensive financial mistake people might make is NOT a bad investment... It's an unreviewed one. - A policy bought 10 years ago. - A fund set up and forgotten. - A beneficiary nomination that hasn't been updated since before the children...
Monthly $300 S&P 500:
Invest $300/month into the S&P 500 and let time do the work: Year 5: $23,290 Year 10: $61,804 Year 15: $130,016 Year 20: $229,302 Year 25: $402,878 Year 30: $683,657 Consistency > timing. Start early. Stay consistent.
Rental Owners: Hire a CPA, Keep More Money
Someone needs to hear this. If you own a rental property, it’s time to stop getting your taxes done at H&R Block. You’re leaving money money on the table by not hiring a cpa.
Diversify, Don’t Bet All on One IPO
This story is a great example of why you should: - Diversify - Not add to losers
Rotate Streaming Services to Watch only What You Need
Netflix is raising their prices again. This is exactly why we rotate our streaming services each month. We sign up for Netflix when there’s actually a show we want to watch, then cancel once we’ve watched it. This way, we...
Withdraw 8% From 7% Returns → Inevitable Depletion
I don’t need to be a millionaire for this to be true: 7 - 8 = -1 The stock market, after inflation, has returned about 7%. If you are withdrawing 8%, what does that leave you with over time? BROKE. 🍞🍞🍞🍞🍞🍞🍞 This...
Prioritize Emergency Fund, Debt, and Investing Before Trusts
I was contacted today by someone making $20/hour who is asking about setting up a trust for asset protection purposes. At that income level, focus on wealth building. The real priorities: • Build an emergency fund • Pay down high-interest debt • Invest...
Out‑of‑state Tuition at Low‑selectivity Schools Wastes Money
Heterogeneity and debt are the killers here. If you are paying out of state tuition for a school with an 80% acceptance rate, you are doing it wrong from a financial point of view. It's not about the educational return,...
Wealth Grows Through Daily, Long‑Term Rational Investing
Building wealth isn’t about getting rich overnight, it’s about staying in the game. Charlie Munger’s mindset: show up daily, think long-term, and make rational moves in the stock market. That’s how portfolios grow.
Real Estate Can Legally Slash Your W‑2 Income
Most people don’t realize this exists. There’s a way real estate investors can legally reduce their W-2 income using what looks like a “passive” asset. But it doesn’t get treated that way. And almost nobody understands why. Today’s guest is Lance Morgan @collegefundingeducation, founder of...
Mega Backdoor Roth: Solo 401(k) Unlocks $70K for High Earners
This is the most popular time of year for my favorite loophole in the US tax code The IRS says if somebody made over $165K filing single or $246K married filing joint in 2025 they cannot contribute directly to a Roth...
Cut Spending, Invest Smarter, Hit $500K This Year
Not investing enough because of your spending? This helped me hit $500K in investments this year.
Plan for Longevity: 95‑Year Retirement Reality
There's something about retirement planning most people never consider: what happens if you live to 95? Let me explain. Most plans are built around averages. Average life expectancy. Average healthcare costs. Average market returns. But averages are built from a range, and the people...
Automate Investing: Beat Discipline Gaps Forever
The best investor is not the most disciplined one. It is the one who built a system that invests automatically even when discipline is nowhere to be found. Automation removes human emotion and human weakness from your investing equation entirely. Set it up...
Your Financial Product Must Match Your Unique Situation
The financial product that's right for your colleague is probably wrong for you. Not because your colleague has bad taste. Because the right financial structure depends entirely on facts specific to you: your income, your family situation, your tax exposure, your...
Create Personal Money Rules to Define Your Rich Life
These are my personal money rules that I created for my finances I think everyone should create their own set of money rules. They make it easy to see what's important in your Rich Life https://t.co/EVJoQuzhyp
Stay Calm in Volatile Markets with Proven Habits
The best investors stay calm when markets are volatile, and these financial habits can help you stay the course. https://t.co/hO1oDA3Gyi
Essential 80/20
Your $200K/year survival kit. Don't have time to read them all? Here's the 80/20 concepts (a thread🧵):
Maximize HSA Growth by Fully Investing in S&P
We have a rollover HSA ($25K) that is sitting in Fidelity and it is 100% invested in the S&P. We use our current HSA for any medical expenses which are few and far between.
Young High Earner Leverages 401k and Beyond
25-year-old We started working together just under 1 year ago. Makes $300K as a W-2 and another $80K/year in 1099 income (about $60K profit). He was maxing his company 401K but wasn't sure what else he could do so here is...
One-Click ETF Share-Class Swaps Eliminate Tax Hassles
'You will soon be able to log into your brokerage acct and click one button (to instantly move your $ from a MF share class to an ETF class with no tax implications). Today it's a manual process that is...
7 Simple Habits That Saved My Family $100K
These 7 habits saved my family over $100k... And none of them require you to make an extra dollar. Save this before you forget it... Share it with someone who needs it... And follow me for more @budgetdog 🤝🏻
Endurance Meets Financial Freedom: Build a Life‑First Business
✨New Fit Rich Life Podcast✨ We talk about: - Endurance in fitness and financial independence - Justin’s bucket strategy to enjoy the FI journey - Building a life-first business & more 🎧 Episode 103 available everywhere.
Simple Three‑Tier Kids Portfolio for Market Volatility
My kids' portfolio for 2026: 30% Staples — boring ETFs. Don't think. Just automate. 40% Mature Growth — $NVDA $TSM $META $AMZN $GOOG $NFLX $MS $GS 30% High Growth — $PLTR $APP $HIMS $CRDO $SHOP $UBER No high risk tier for kids. Three tiers...
Start at 20, Save $270 Monthly for $1M
Here is how much you will need to invest every month to get $1,000,000 by 60. Assuming an 8.5% annual return. Age: 20: $270 25: $414 30: $643 35: $1,015 40: $1,650 45: $2,819 50: $5,350 The clock is ticking.