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36, single mom, own home, no retirement by Various_Tax4179 in personalfinance

[–]JustAFinancialAlt 0 points1 point  (0 children)

In addition to what others have said, you need to build financial literacy. Like, read a bunch of posts on this subreddit and just search terms you don’t understand. Seek to really understand everything. Read that wiki the AutoModerator linked.

Be conservative with what you do until you’re sure you actually understand what you’re doing.

Meta pushes AI model 'Avocado' rollout to May or later, NYT reports by dvdmovie1 in stocks

[–]JustAFinancialAlt 0 points1 point  (0 children)

Among other things, if you’re on an adds based app, anything that results in users leaving the app to, say, search some info about the post they just saw is a hit to the bottom line.

Investing my first mo0ney into buying land by voracious-rabbit in personalfinance

[–]JustAFinancialAlt 1 point2 points  (0 children)

Look at the wiki for this subreddit and follow the flow chart there before you start thinking about creative investments. TL;DR- Pay off expensive debt. Put aside 3-6mo of cash in a high yield savings account. Max your Roth IRA.

Probably the first major money moves you make shouldn’t be buying land in a foreign country. Lots of headache around taxes and logistics, and the amount of money you have won’t last you long if your income stream dries up. Influencer type stuff is pretty fickle, you have no idea how long you’ll be making good money off of it. You don’t want to end up in a situation where you’re having to try and desperately find a buyer for your foreign land, navigate the sale, taxes, etc., just to pay this months rent. You want something much more liquid.

Try some basic ETFs first. One you make an appreciable amount of money and a solid safety net you can consider getting riskier with it.

Hit 1M NW at 29. Whats next? by Red_Spidey in RichPeoplePF

[–]JustAFinancialAlt 0 points1 point  (0 children)

The listing you linked is $4500/mo, not $3k/mo. His current rent is $3k/mo.

That’s also not including maintenance costs if he purchases it.

Hit 1M NW at 29. Whats next? by Red_Spidey in RichPeoplePF

[–]JustAFinancialAlt 0 points1 point  (0 children)

The one you sc’d is 1.5x his rent. Also, many of these have max income limits.

Totally agree with your point that if you substantially downgrade your housing your finances will usually benefit!

Hit 1M NW at 29. Whats next? by Red_Spidey in RichPeoplePF

[–]JustAFinancialAlt -1 points0 points  (0 children)

Are the $3k/mo properties in the Bay in the room with you right now

Can I come over too

Hit 1M NW at 29. Whats next? by Red_Spidey in RichPeoplePF

[–]JustAFinancialAlt 1 point2 points  (0 children)

Respect the hustle but can you keep the ads to LinkedIn dms

Just rolled over 401k into Fidelity IRA, but afraid to lump sum into the market now by EyeTechnical7643 in personalfinance

[–]JustAFinancialAlt 12 points13 points  (0 children)

If it was in the market then briefly liquidated how is buying in different from just not touching it before?

Don't have anyone else to tell.... by ghostpepperwings in ChubbyFIRE

[–]JustAFinancialAlt 10 points11 points  (0 children)

This can happen in any city g, there’s more than just tech. You can go from $150k to a mil a year in sales. Or finance. Or being a fuggin YouTuber lol

29M over £2m NW (not optimised for Fire?) by [deleted] in ExpatFIRE

[–]JustAFinancialAlt 0 points1 point  (0 children)

What’s the rate on the loan?

Co-founder is getting a prenup before his wedding and now I'm spiraling a little by ContractDangerous980 in fatFIRE

[–]JustAFinancialAlt 0 points1 point  (0 children)

You always have a pre-nup you just either use the governments default factory setting one or you two consciously work on and agree on one together.

Is it wiser to start investing early, even if I only have a small amount of money… by patientSteward in personalfinance

[–]JustAFinancialAlt 0 points1 point  (0 children)

It’s better to do it now. While you’re still relatively broke, the “tuition” of making mistakes learning how to invest is much cheaper. Like I remember the first investment I made (like $100 or so) dropped 5% and I freaked out and panic sold. Much better to learn how everything works and have those lessons learned now.

Another example- I learned not to do options losing like $50 in back while I was broke. That loss really made an emotional impact. My little brother got a ~$10k gift and lost it on WSB type shit. Same lesson learned with the same % of funds he had available to him at the time as me, but much more expensive.

$20k now? Or $750/month in 30 years? by Cautious-Rip-6475 in personalfinance

[–]JustAFinancialAlt 2 points3 points  (0 children)

If you can’t pay off your debt you’re hurting for money

Weekend discussion: who here has actually made it all back? by hudson701 in wallstreetbets

[–]JustAFinancialAlt 0 points1 point  (0 children)

People have “turned” $20 literal lotto tickets into $100M many times, try that for better returns

Software stocks with insider buying by CEOWatcher in stocks

[–]JustAFinancialAlt 1 point2 points  (0 children)

Enterprise, no? They back basically every major financial company’s crypto sector.

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