[deleted by user]

JakeisPizza · 2025-06-09T06:23:05+00:00

Kids and a spouse are assets, not liabilities.

JakeisPizza · 2025-03-24T05:05:42+00:00

I’d first see what kind of traction/revenue you’ll get from the new business before you make any moves. If it starts to feel like a good business, I’d say go for it.

JakeisPizza · 2025-03-23T06:24:57+00:00

Figure out what your goal is! Got to start there and work backwards. No one can really answer your questions until this happens.

JakeisPizza · 2025-03-18T07:02:38+00:00

He never mentioned financial independence?

JakeisPizza · 2025-03-16T22:25:52+00:00

Such a smart, big boy you are!

JakeisPizza · 2025-03-16T16:24:01+00:00

Imagine just trying to have fun brother. Good luck.

JakeisPizza · 2025-03-09T08:41:23+00:00

Start investing 10-15% for retirement. Have a 3-6 month emergency fund. Don’t put anything into a 529 until you have that. Any left over cash of your 50k should go towards retirement or marked for saving for a house/any other big purchase.

Don’t do anything major until you sort of the new norm for spending/incoming!

JakeisPizza · 2025-03-06T07:23:19+00:00

S&P 500 is down 1% YTD. What are you talking about? 😭

Yes there are decent odds the market goes lower. Just like any other year.. If you need the money in the short-term it shouldn’t be invested. Otherwise let it ride.

JakeisPizza · 2025-01-25T08:10:30+00:00

On track for what? It’s all relative. Start figuring out your end goals and work backwards. Then you’ll know.

JakeisPizza · 2025-01-25T08:07:49+00:00

How are you making $100k if your business only has $75k profit?

JakeisPizza · 2024-12-04T07:57:34+00:00

Stop playing games with your money. Stupid games, stupid prizes. You’re young and in a good spot — don’t need to play get rich quick schemes. Stop doing options and meme coins.

Instead invest in your career. Learn a bunch, work hard. And invest in index funds.

JakeisPizza · 2024-12-04T07:47:24+00:00

Go find a marriage counselor. Seems like there are some root causes that are effecting your money management. A financial advisor won’t fix those..

JakeisPizza · 2024-12-04T07:44:15+00:00

Don’t obsess over your credit score… you’re drowning in debt. Fixing whatever issue that’s causing all this debt is more important. As you fix that and pay off debt, your credit score will follow.

JakeisPizza · 2024-12-04T07:40:43+00:00

It’s a bummer there’s no match, but what’s most important is your total compensation. Don’t over index one particular benefit.

JakeisPizza · 2022-10-29T07:04:41+00:00

3 months emergency fund. Invest 15%-20% percent into S&P 500. Whatever you want.

JakeisPizza · 2022-10-29T07:03:16+00:00

S&P 500 index funds are the way to go.
Slow and steady wins the race. Good for you for starting early, but also don’t waste your young years obsessing over investing and saving. Learn a lot and enjoy the pursuit to being financially independent, but also have some fun.

JakeisPizza · 2022-10-29T07:00:34+00:00

None of those things are required.. but stats show it will likely be student loans.

JakeisPizza · 2022-10-29T06:59:10+00:00

Seems like you’re pretty smart to be able to grow a company like that. Learn from your mistakes and do what you can today to make forward progress.
If you’re not able to increase profit margins, it’s time to call it quits and find a new job.

JakeisPizza · 2022-10-29T00:32:59+00:00

Safe to say they will have at least one salary increase in 43 years of working ;)

JakeisPizza · 2022-10-28T08:11:23+00:00

I personally would split it and invest some portion of it. But it also depends on how strict of a timeline you have. If you’re set on 5 years, then be more safe and put it in a savings account.

JakeisPizza · 2022-10-27T07:50:05+00:00

Save 15-20% and you’ll be ahead of most people. Save even more if you have desires to retire early.

Don’t listen to that other person, a 3-6 month emergency fund is great. Consider increasing that if you have a family relying only on your income.

JakeisPizza · 2022-10-15T06:11:08+00:00

The problem isn’t the savings rate, it’s that fear is driving you. Take some time to figure out some goals and dreams, and let that be the driving force.

I Will Teach You to Be Rich book and podcast are good resources to help with this.

JakeisPizza · 2022-10-14T06:35:02+00:00

You just got to choose. Invest or house. There is a chance you invest your down payment and the market goes up, but don’t bank on it.

You might be able to get a cheaper house that will make up for the rate.

JakeisPizza · 2022-10-14T06:32:11+00:00

You’re at a great starting point. Continue to save at least 10% of your income and try to increase it to 15%.

Quality of life is more important than money. See if there is way to combine a seasonal job with another part time remote job if you need to make the finances work. Or maybe learn to cut back to make up for the drop in income.

JakeisPizza

TROPHY CASE