Personal Finance Social Media and Updates
Personal Finance Social Media and Updates
Have a lot of friends who hopped around to get rich quick Tech during the run up, private credit All late, pretty much none of their equity ever materialized Better to just run a business in a boring field where you’ll get rich but it’ll take 10 yrs than to try & catch a wave
Hot take: no one has ever run out of money using the 4% Rule. Why? Because, in the real world, people are flexible. During a market crash, no one is going to increase their spending by inflation because "the rule said...
This circles back to investing consistently through Dollar Cost Averaging in a low-cost passive index fund that tracks the market. Remember, "Time in the Market, Beats Timing The Market." 📣 https://elmads.com/?p=4958 — The Power of Cost Averaging Investment Strategy
Buuld an emergency savings, payoff your debt, invest your money and watch how you stop sweating the small shit.
Retirement investing is changing, and most people don’t realize it yet. In this episode, Henry Yoshida (CEO & Co-Founder of Rocket Dollar) breaks down why the traditional retirement system was never designed for true investor control, and how private markets, real...
I created a tool to visualize your sequence risk in a portfolio. We talk a lot about the "efficient frontier", but the EF turns investing into a performance chasing and alpha optimization problem. The average investor doesn't care about this...
Tax time: The time of the year where your eyes pop out of your head, wondering how you could be paying so much to the government. Fear not, there are SOME things you can do to reduce your tax burden. Yes,...
Don't miss Martha C. White on @ThisMorningShow with Gordon Deal talking about how moving back in with your parents might not be saving you as much money as you had hoped. https://t.co/GR2x1oNj4a
Your surplus is your biggest wealth building tool. Without a gap between your income and expenses, you’ll always fall behind. Here’s how to analyze your surplus: 0% or negative: You’re simply not making enough income. Work on increasing your income. 1% - 14%:...
If you’re a mom concerned about grocery prices (or anyone, really), I can’t emphasize enough how helpful it can be to get that savings club card at your grocery stores & get that Costco card. And if you live in a...
Whether to buy a home is like deciding whether to have children. You should be 100% sure you want one and that you can afford to maintain it.
In retirement, you’re not necessarily looking to replace your salary, but earning some income can be a way to preserve your nest egg. https://t.co/wOfHYW9AWm
💰 Personal finance links: donating shares not cash, understanding your home insurance, and why wealth is more than just money. https://t.co/bdDm8cuhWn image: https://t.co/Erm8sUw9Vp https://t.co/BfNyG6Ndyd
My wife and I went from $304k in debt to $1M in 7 years. Here's how we did it in 30 min/mo:
It’s never been easier to invest. You can literally open a Roth IRA in under 5 minutes, contribute $100, and buy fractional shares of ETFs with ZERO fees. Or sign up for your 401k and contribute 3% or 5% or 10% of...
Tracking your spending every day can help you stay on top of your finances and build long-term wealth, but it can also make budgeting feel overwhelming. https://t.co/LW4a63hF3X
The basics to crush your finances: - Track spending - Aim to save/invest 25% - Full 401k match - Max out Roth/HSA - Pay off high interest debt - 6+ month emergency fund Nailing the basics goes a long way.
The current state pension is around £12k. Regardless of whether the state pension goes bust, changes, or is means treated - here’s 3 things you need to do
10 Small Wealth-Building Choices That Turn A Middle-Class Income Into A Big Net Worth https://t.co/76wSbTzRSX
A millionaire walked into her bank to renew a fixed deposit. Simple transaction. In and out. But the relationship manager had other plans. "Before we process that renewal, let me show you something better."
If I’m being honest I’m thinking of putting together 15 instruments and treating it like the Ray Dalio all weather strat Never holding more than 15 instruments at any given time Only buying shares no options And attempting to beat the...
If you bought to buy a $1 million house and put 20% down, your down payment alone would be worth ~$1.6 million in 30 years if invested in the stock market (Yes, accounts for inflation) Always factor in the opportunity cost of...
Every time you get paid, take a specific amount ($10, $20, $100, etc) and invest it. Don't know what to buy? Start with simple index funds, like VOO or VTI. Ideally, you should invest before your paycheck even hits (e.g 401k) Automate the...
A great life on paper but no optionality? That is exactly what lifestyle creep will do to you.
Pivoting to a more accurate "probability of adjustment" framing, there is a simpler way to talk about "retirement income risk" that relies on the concepts of overspending and underspending. https://t.co/MEL3idSI4O This can help both advicer and client better understand the trade-offs...
YNAB or Monarch? 🤔 Which one will actually help YOU stop the money leak? On March 23rd at 6 PM ET, Lindsey and I are diving into the real-world pros and cons of these budgeting powerhouses. What you’ll get: ✅ A live demo...
Yes... earning more can help. But I’ve also seen plenty of people making six figures who still feel broke every month. Why? Because income by itself doesn’t fix money habits. If there’s no plan for your money, a bigger paycheck usually just means...
Your salary is not too small to invest. The habit of investing is built on small salaries; not big ones. - Pay yourself first, before anything else (10%) - Start with as little as ₦1,000 (Cowrywise, PiggyVest and Risevest) - Cut one unnecessary expense...
Just joining the complex Apple Card ecosystem? It's smart to learn how to move your money around, including funding your Apple Cash. Here's a primer that explains how everything interrelates and how to maximize your rewards: https://t.co/ZPP9OBmIZw #applecard #applecash #banking...
If you... - Put $288 per paycheck in a Roth IRA - Invest in low cost ETFs - Starting at age 30 - Until retirement You'll only pay $263k. But you'll EARN $2,032,680 (tax free). Here's exactly how it works:
Both paying off debt and investing are important, but you don't want one goal to end up hurting you down the line.
A big income jump doesn’t automatically create financial progress. One person I spoke with is jumping from six to seven figures in one year. Lifestyle should grow as your life grows. But it should be intentional. Without a plan, spending quietly expands alongside...
Skip Netflix tonight, instead watch these 5 videos and become a better investor in 3 hours. You’ll learn the fundamentals of economics, investing, and assets like gold, bitcoin, and stocks, taught by some of the greatest investors of all time.
Social Security is a key part of many retirees’ financial plans. If that’s you, make sure you’re not overlooking a potential danger: scams. https://t.co/tfaNsH0Nih
Use these criteria to eliminate 95% of stocks: Revenue growth 12% Shares outstanding <2% Net debt to FCF below 5x Free cash flow growth +15% Return on Invested capital +15% Earnings per share growth +15%
Modified RMD: Utilizing Rolling Three-Year Averages To Reduce Volatility ➡️In our modified RMD approach, the average of the last three years of portfolio values is used to calculate the withdrawal, rather than the value on a single (arbitrary) day. The total...
You can't pick a stock market bottom, you can only pick a stock market discount. The strategy for investing is simple: 1. Always stay invested at an asset allocation 2. If the stock market falls 25%/50%/75%, invest 25% of the allocation not...
Good time to replace your gasoline car with a battery-electric car and save $31,500 in fuel cost over 15 years: = 15,000 mi/y x 15 y x ($5/gal-gas - $0.8/gal-equivalent-electricity) / 30 mi/gal = $31,500 Gasoline prices could reach $5 a...
₦10,000 won't make you rich overnight. But how you handle ₦10,000 is exactly how you will handle ₦10,000,000. Here is exactly how to invest your first ₦10,000 wisely: PUT ₦5,000 IN A MONEY MARKET FUND (Cowrywise or PiggyVest, 15-18% AR) LOCK ₦3,000 IN A FIXED SAVINGS...
How much cash should you have on hand? Tarun Ramadorai says enough emergency savings to cover three months of expenses. The reality is nearly half of households don’t have that cushion— it’s often because the system itself makes building that...
Been on bbcnews explaining why financial markets are going haywire due to a spike in energy prices. If you have a pension or other investments don’t panic, keep calm and carry on as bouts of market volatility are usual for...
If your roof needs a $45,000 repair 20 years from now, that means you should be saving $2,250/year, or $187.50/month Do you do this? Almost nobody does A shortcut: Save 1%-3% of the price of the house -- PER YEAR -- for...
Blood is on the streets. Sadly, even literally. Portfolios will bleed too, and this time it's a man made disaster. We've seen these before, and we've emerged eventually out of them better, but man made disasters tend to take a little...
Just an fyi this was primarily a move to free up cash for the dip. You can’t consistently stay levered long if you want any chance to get a better entry by buying the dip. I don’t know if we...
Tax wrappers (IRAs, HSAs, etc.) are cheat codes for arbs & special situations. Active investors using them as indexing & long-term only vehicles are sabotaging their risk adjusted after tax returns. https://t.co/HDlplC0mGI
Stocks Bitcoin Real Estate Businesses Private Equity Buy talent Invest in skillsets/education Provide value to marketplace Income to passive investments Aggressively maximize the tax code That’s my blueprint to $100M. Don’t overcomplicate the game.
Jerome Powell warns the U.S. is on an unsustainable fiscal path, with national debt growing faster than the economy. Investors, learn how this affects the stock market, portfolio risk, and long-term wealth building. Smart value investing can protect your financial...
2 in 3 households own a home, yet most have no idea how homeownership taxes work. If you own a home (or plan to), here are some tax tips that will save you thousands:
If you saw the BlackRock headline this week and your first thought was "should I be worried about my own investments," you're not the only one. But the thing you're worried about probably isn't what you think it is.
This is why your housing is so expensive Not Blackstone, not "greedy landlords" Just your mom, dad, & neighbors voting for NIMBY local politicians who then prevent housing from being built That's why you pay tens of thousands of dollars more than...
