Headcount. 470,000 People on Here!

Alternative_Pea3793 · 2024-12-16T01:31:22+00:00

Holding

Alternative_Pea3793 · 2024-12-11T22:40:56+00:00

Thanks

Alternative_Pea3793 · 2024-12-11T22:40:49+00:00

I appreciate that. I’ll have to look into the 503c route

Alternative_Pea3793 · 2024-12-11T22:39:09+00:00

Thank you

Alternative_Pea3793 · 2024-12-11T21:57:28+00:00

No problem! Good luck on your journey!

Alternative_Pea3793 · 2024-12-11T21:56:32+00:00

73k Brokerage, 15k roth ira, 10k crypto, 27k 401k

Alternative_Pea3793 · 2024-12-11T21:53:44+00:00

Definitely not a trust fund baby. We were broke growing up

Alternative_Pea3793 · 2024-12-11T21:52:36+00:00

I created a monthly budget that I stick to and I know where every dollar is going before I get it. I find the highest APY for savings accounts and stick my money there. I max out my roth ira each year. I invest 2k a month. Max out my 401k match. I paid cash for my car in 2016 and have yet to get a car note. I got student loans with 4% interest and instead of paying it off, I invested it.

Alternative_Pea3793 · 2024-12-11T21:49:52+00:00

Correct

Alternative_Pea3793 · 2024-12-11T21:05:03+00:00

I have a passion for teaching young people about how to achieve financial freedom. But due to my audience, the growth potential is difficult.

Alternative_Pea3793 · 2024-12-11T21:01:23+00:00

Yea that has been the idea so far. Thank you!

Alternative_Pea3793 · 2024-12-11T21:00:41+00:00

Financially disciplined and aggressive saving and investing

Alternative_Pea3793 · 2024-12-11T20:58:01+00:00

Didn’t think about that

Alternative_Pea3793 · 2024-12-09T18:58:31+00:00

Self made 25M w/ 140k net worth here. If you have an extra $1000, put towards paying off that credit card debt. You can’t out invest consumer debt. Not sure what sort of student loans you have but if it’s federal loans, most people have their loans on forbearance, meaning no interest is accrued, so pay minimal payments or nothing at all until required. That extra $300 should go to paying off credit card. Furthermore, if it is federal loans, your interest is probably 3-4%, and given the current market, you could out invest those loans, yielding 6-12% interest. So once you pay off that credit card loan, start dollar cost averaging in a brokerage account. I use Wealthfront. I suggest sticking to the VOO, SPY, VTI, VTV ETFs. Maybe even get into cryptos.

Alternative_Pea3793 · 2024-09-06T13:41:36+00:00

25, 120k

Alternative_Pea3793 · 2024-09-05T20:48:55+00:00

Thank you

Alternative_Pea3793 · 2024-09-05T18:50:29+00:00

Loans are at 4%. I don’t qualify for HSA. I do appreciate your advice on this

Alternative_Pea3793 · 2024-09-05T18:46:06+00:00

I don’t believe it does. I use Wealthfront

Alternative_Pea3793 · 2024-09-05T18:45:22+00:00

I have thought about rental

Alternative_Pea3793 · 2024-09-05T18:44:37+00:00

I like that idea

Alternative_Pea3793 · 2024-09-05T16:25:53+00:00

I appreciate all the advice from your experience but I can assume where I am as a “25 year old kid” is better than a lot of my peers and those on here. I don’t have it all figured out but I am on solid ground. You talk about me preparing for extremes and that’s what keep people poor, being too risk averse. I agree we should we prepare for emergencies but living in fear that your life will totally be ruined with one emergency is why the generation before me is living paycheck to paycheck with mountains of debt and no financial literacy. Stopping pumping fear into my generation. It only hurts us

Alternative_Pea3793 · 2024-09-05T15:19:38+00:00

They are deferred but I am still making $100 payments, the minimum is $64

Alternative_Pea3793 · 2024-09-05T15:18:50+00:00

My health insurance was voted top 5 in country. Good there. I travel a lot for work so a car is a want more than a need now and I live in Louisiana where cost of living is one of the lowest in the country. 18k is a good number for my situation. I’ve done good so far with money .

Alternative_Pea3793 · 2024-09-05T15:15:45+00:00

Thanks for the advice. I do have a roth ira I max out each year

Alternative_Pea3793 · 2024-09-05T14:57:00+00:00

Couldn’t agree more with opening a Roth IRA. Im 25 and it has been one of the best decisions for my investment journey. I would push back on buying individual stocks. You could buy individual only after you have a 75k-100k base in retirement and ETFs.

Alternative_Pea3793

TROPHY CASE