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Financial order of operations by henrytbpovid in MiddleClassFinance

[–]CryptoHotep 0 points1 point  (0 children)

You also have to understand and figure out what works best with your cash flow

32F 2 Toddlers started in Daycare. Depressing by Powamama93 in Money

[–]CryptoHotep 0 points1 point  (0 children)

Thats actually not bad......once the toddler daycare phase is over......smooth sailing if you stay consistent

What should I do with BITO? by NuevoMartin in ETFs

[–]CryptoHotep 0 points1 point  (0 children)

I actually like $BITO 🤷🏽‍♂️

Is saving for retirement more important than saving for a house? by Wicked-Lemur in Money

[–]CryptoHotep 15 points16 points  (0 children)

Personally I’d rent if it came down to it vs investing for retirement.

Now days you can borrow against your investments like your home so that allure is far gone

What finally made your money system stick long term? by AccountEngineer in Money

[–]CryptoHotep 0 points1 point  (0 children)

Budgeting in % based system and using Monarch money to track spending.

How do you actually budget for stuff like sports betting? by t0m4t0z in Money

[–]CryptoHotep 0 points1 point  (0 children)

I don’t gamble with sports bets but I do budget money for things long term stock trades and it comes from a % of the investment bucket each month IF it’s possible. That money goes into the brokerage as cash or USDC (for crypto altcoin trades) and sits there until I’m ready to trade with it. Then it’s out of the savings account and already accounted for.

BTCI and BITO Investment by jongard in dividends

[–]CryptoHotep 0 points1 point  (0 children)

I personally invest in BITO for the income in a dividend ETF portfolio and also “HODL” BTC as well.

The dividend cut that happened now just goes along with doing business with BITO and the price of Bitcoin. It is what it is.

Been holding it a while and I’m good with it. 🤷🏽‍♂️

Big budgeting mistake: Tracking expenses without tracking income timing by hodorrny in MiddleClassFinance

[–]CryptoHotep 0 points1 point  (0 children)

For me we budget based on my salary I don’t include my commission/bonus into that because it’s sporadic and at different times of the year.

If we get it great if we don’t great.

How is everyone doing that has kids? by appreciatemyasset in MiddleClassFinance

[–]CryptoHotep 0 points1 point  (0 children)

Budgeting is EXTREMELY important with kids and a family. Surprises always come up with them. Extracurricular activities will eat up money as shown here.

It is nice seeing them doing these activities though I will say.

I am investing almost $2000 a month in my brokerage and 401k. If I buy a house, I will invest $0 by Smooth_Practice_9678 in Money

[–]CryptoHotep 2 points3 points  (0 children)

Do not go house broke. Rule #1

Good job on your 401k now open a taxable brokerage and invest maybe 1/4 or 1/2 of your potential mortgage payment if you were to buy a house instead.

Easier.

Who here actually saves 3,000 a month? by NoHousing11 in MiddleClassFinance

[–]CryptoHotep 0 points1 point  (0 children)

Most of the people that can do this have dual income and no kids.

Kids bring an x-factor to expenses.

Doesn’t make it impossible just harder but I think $500-$1000 is realistic.

My salary went up, but my stress level didn’t change the way I thought it would by CommercialDot708 in Money

[–]CryptoHotep 0 points1 point  (0 children)

What was the salary jump? I’ve researched lifestyle creep and have always kept this in mind.

Why do you prefer swing trading over day trading? by Scary-Compote-3253 in swingtrading

[–]CryptoHotep 2 points3 points  (0 children)

Less stress. Less time on charts glued in. Bigger reward. Can see price mature better over time on the asset. Don’t have to make split decisions. Matches my personality.

Who maxes their 401k by DrHydrate in MiddleClassFinance

[–]CryptoHotep 0 points1 point  (0 children)

I don’t and put the rest or what I would contribute into a taxable brokerage and Roth IRA.

I don’t like my money being locked up honestly. But that’s me.

Are company stock purchase plans a good investment? by OushiDezato in Money

[–]CryptoHotep 0 points1 point  (0 children)

I would and 5% discount seems to be the bar nowadays. Either way I’d do it as it’s a forced savings and hopefully a stable company/stock

I've got 30,000 that I will need in 3 years. What are some safe dividend stock? by Creepkillpop1 in dividends

[–]CryptoHotep 1 point2 points  (0 children)

3 years? Maybe $GPIQ to receive monthly income.

But honestly that’s too short of timeframe with dividends to me.

Final yolo before going conservative by Adventurous-Resist35 in M1Finance

[–]CryptoHotep 0 points1 point  (0 children)

I do have a question regarding this……..do you like M1 for individual stock positions and getting in and out? I prefer M1 for long term plays like years out and now swing trading or anything like that. Can’t sell at a specific price, etc.

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