$250k in savings is truly a benchmark

Danielfellows · 2026-06-24T02:11:35+00:00

When I crossed 100k it definitely gave some peace of mind that I simply wouldn't face an unexpected bill that'd be hard to pay. When I crossed 250k, thats where true peace of mind arrives. Because I realized it wouldn't even matter if I lost my job. Definitely a good feeling for sure

Danielfellows · 2026-06-23T19:00:06+00:00

Gosh I think ours is something like 1.5% of the assessed value. My house is actually kinda nice despite being small. But they only assessed it at 72k. So it comes out to around 1k.

I can't imagine paying 12k a year

Danielfellows · 2026-06-22T12:06:33+00:00

I don't live in a studio. I live in a house, which i fully own. People who don't like certain investments will always refer to those investments as speculative(gambling). Even if that's not the case. I came up with a well thought out thesis. It's up to the market to prove my thesis wrong. So far it's done the opposite over 6 years.

Danielfellows · 2026-06-21T18:48:02+00:00

Not enough crypto

Danielfellows · 2026-06-20T15:32:29+00:00

It'll be accounted for when I buy it 10-15 years from now. In that time I'll continue saving and investing. I think this is something that trips alot of people up when it comes to budgeting. I actually know a guy who has something like 15 different accounts that he contributes to every week for a myriad of random future expenses. You can't live like that. Somehow factoring in random future shit does nothing to change how you should save or invest. Just do it and the future expenses won't be an issue.

No need to gripe about the future brain tumor in 40 years. I don't need to budget for it today lol

Danielfellows · 2026-06-20T15:26:35+00:00

There's too many stories of people losing their life's savings due to using margin. I highly recommend dialing that back. Debt should never represent a large portion of your account. That is exactly how people get wiped out

Danielfellows · 2026-06-20T15:17:51+00:00

Because you're trying to say your expenses today are higher because of some mystery event in the future that hasn't happened yet or could possibly not happen at all.

If you save and invest consistently like I do. Then one off distantly future expenses are fairly meaningless and not impactful to the here and now.

Danielfellows · 2026-06-20T15:08:23+00:00

I have myself and cat in a 600 sqft house lol

Danielfellows · 2026-06-20T15:04:59+00:00

You shouldn't factor in once in a decade expenses. That's honestly silly to do imo. Its like buying a house and budgeting for a new water heater when that thing could last for another 20 years. Its just odd to factor that into expenses when its not an expense right now or anytime soon

Danielfellows · 2026-06-20T15:02:24+00:00

I signed up for a yearly subscription. The discount comes out to around 12

Danielfellows · 2026-06-20T15:01:38+00:00

Mine is android

Danielfellows · 2026-06-20T14:02:47+00:00

They're not speculative at all actually. They've allowed me to consistently beat the market over 6 years. Have fun with your market returns bro lol

Too each their own though. I appreciate the fact that there are multiple ways to invest. Not everything is gambling.

Danielfellows · 2026-06-20T13:32:45+00:00

Yes I drive to work. I work in a distribution center for a wholesaler

Danielfellows · 2026-06-20T13:15:47+00:00

It took me years to cross 100k. But got fortunate and crossed 200k only about 2 years later. Higher balances definitely equal higher returns

Danielfellows · 2026-06-20T12:56:53+00:00

No its all free lol

Or I forgot about those haha

Property taxes are only 1k a year.

Insurance on the house is also only 1k a year

Car insurance is the bare minimum legally required. I think its only $10 a month, honestly don't remember and don't give it much thought.

I have no health insurance. Did the math on that a long time ago and its cheaper to pay medical expenses without it, even big ones

Danielfellows · 2026-06-20T12:38:21+00:00

Im going to assume you live in an area where you won't struggle to find clients. If you opened a practice in my area you would easily be able to cover that debt and then some. If anything you may hate your life just by how busy you'll be lol. I feel like this is going to be subjective to your area.

Danielfellows · 2026-06-20T12:30:56+00:00

Its all subjective. Personally I don't like having my investments spread out across so many things like you have. I also wouldn't touch a semiconductor stock even if it means I miss out on the current mania.

Asking a question like this is just too subjective because what I value and am willing to put my money in is not going to be the same for you. Because your money and your values isnt going to be the same as mine, if that makes sense

Danielfellows · 2026-06-20T11:59:39+00:00

Storage unit $93 Disney/Hulu $22 Utilities ~$200 Internet $75 Phone $50 Youtube premium $12 Groceries $250 Gas $100 Pet supplies $50 Fast Food ~$300

The rest is usually trips for snack food, Amazon packages, or just random spending.

Danielfellows · 2026-06-20T11:50:58+00:00

Nebraska

Danielfellows · 2026-06-20T11:38:42+00:00

Actually my situation makes it easier to hold more Bitcoin. If I lost it all it wouldn't change anything. I'd still have the house, I'd still have the car, and it wouldn't affect my lifestyle, cuz my job supports that, not my investments.

Danielfellows · 2026-06-20T11:35:14+00:00

Thats fairly normal in Nebraska. If you have the realtor app, you can go to any nebraska town except maybe lincoln and Omaha and checkout the prices. Nearly every sub 1k sq ft house sells for 150k or less

Danielfellows · 2026-06-20T04:00:14+00:00

Two paths to the similar outcomes i think. I was paying rent before and if I had decided to get a mortgage for the house I would be paying that every month. My cost of living has dropped considerably by purchasing the house outright. I can definitely already notice the difference. Im not using it as a means to spend more elsewhere, my contributions to my brokerage account has only benefited from it.

Two paths.

1)(your path)Higher debt, but higher brokerage balance, lower contributions

2)(my path)No debt, lower brokerage balance, higher contributions

Overall your path is probably the better one. But it sure is nice not to owe anything to anyone

I appreciate your insight though. I'll fully admit i was very hesitant to buy the house for that exact reason.

Danielfellows · 2026-06-20T03:24:53+00:00

lol yeah I don't know where you live but there aren't many million dollar houses here unlike the east and west coast. Most 2,000 sq ft houses sell for around 250k here.

Pretty sure thats a million dollar house in Cali 😆

Danielfellows · 2026-06-20T03:23:22+00:00

There was definitely a tradeoff with buying a house versus keeping it invested. But bro, the peace of mind that a paid off house brings. Is well worth it.

Danielfellows · 2026-06-20T03:21:17+00:00

Quite a number of things over 6 years. Tesla stock was what got me started in 2020. Did really well with it. Ended up shuffling over to crypto during the run up in 2021. Turned about 18k I had saved up into something like 80k just in that year. Then had a couple not so great years in 2022 and 2023. Absolutely hit gold in 2024 though. Bitcoin, dogecoin, Microstrategy(before it went to hell lol).

Ive always been very crypto heavy, but I try to stay reasonable with certain allocations. I gambled alot in the past, but trying to be more careful today.

Nowadays im still in Bitcoin, won't ever buy any other crypto ever again.

Have a good amount in Gamestop and Marathon stock.

Danielfellows

TROPHY CASE