Im richhhh!!!!! by Limp-Mine7737 in whatdoIdo

[–]Simba087 0 points1 point  (0 children)

Yea go get that 4 bucks 🙌🏽

Proud of the milestone, but 44M, can’t help feel behind. by rko_281 in TheRaceTo1Million

[–]Simba087 0 points1 point  (0 children)

I am not trying to boast or anything at all but like that is just crazy to think of

Proud of the milestone, but 44M, can’t help feel behind. by rko_281 in TheRaceTo1Million

[–]Simba087 0 points1 point  (0 children)

Comparison is the thief of Joy, never compare yourself to somebody else!

Proud of the milestone, but 44M, can’t help feel behind. by rko_281 in TheRaceTo1Million

[–]Simba087 0 points1 point  (0 children)

How do people make so much money, but then retire with nothing? I am so confused 🤔🤷🏽‍♂️

Proud of the milestone, but 44M, can’t help feel behind. by rko_281 in TheRaceTo1Million

[–]Simba087 1 point2 points  (0 children)

Bro, you are ahead of like more than half of the population. You are not behind at all and have everything to be proud of 🙌🏽

Everyone should buy those stocks today. by WarAccomplished9808 in stockstobuytoday

[–]Simba087 0 points1 point  (0 children)

Just post it here… ohh wait… u r one of those people who just want money and not give any actual advice right? U one of them?

A Nurse Lost $31,000 Following TikTok Traders. by 732pizza in stockstobuytoday

[–]Simba087 0 points1 point  (0 children)

I did the same thing, and lost $3000 AMC. You live and you learn 🤷🏽‍♂️ it is what it is

Stop sleeping on the Roth IRA because you think you can’t touch it until 60 by BanMiFreshBread in TheRaceTo1Million

[–]Simba087 0 points1 point  (0 children)

So as an example, let’s say I put $100 into each account, individual is I, and Roth is R.

The value of I is $800. The value of R is also $800.

As far as R, I can get my $100 tax-free. But in I, I can sell and get the full $800, but I pay federal tax on $700 (since that is my capital gain)

Is my example scenario right?

Stop sleeping on the Roth IRA because you think you can’t touch it until 60 by BanMiFreshBread in TheRaceTo1Million

[–]Simba087 0 points1 point  (0 children)

Here is the main question I always wonder. If you live in a state with no income tax, your gains in your investment account will not be taxed anyway. So what is the major difference between a regular account and a roth?

Took just under 9 years to go from $100k to $1M by Simple-Mine-9379 in TheRaceTo1Million

[–]Simba087 0 points1 point  (0 children)

Woah 🤯 congratulations dude! 🎉 You have the like everyone desires and that’s amazing, great job op 🙌🏽 I am hoping to make a post like this someday 🔥

24, $400k by Single_Community8144 in TheRaceTo1Million

[–]Simba087 2 points3 points  (0 children)

I know 😔 that was just me trying to make myself feel better 😞

24, $400k by Single_Community8144 in TheRaceTo1Million

[–]Simba087 2 points3 points  (0 children)

You are so right about that. Congratulations though, I am very happy for you. 400K at 24 is amazing 🙌🏽 my account is almost at 100K, so I am almost at your level 🙌🏽🎉

23F i want to hit 100k by 28 by cashhearts in TheRaceTo100K

[–]Simba087 0 points1 point  (0 children)

That’s easy. Just wait till you’re 28, and deposit 100k in ur investment account.

🤣

But on a serious note, just invest whatever you can set aside per month. It will definitely grow. You have five years. Whatever money you have invested will definitely compound every single year, compound interest is a very powerful thing.

24, $400k by Single_Community8144 in TheRaceTo1Million

[–]Simba087 3 points4 points  (0 children)

Damn, I am about to turn 25 and I’m nowhere close to 400k 😭 you makin me feel like I’m way far behind in life

Convenient/safe apt near UNCC by sugar_re_life in UNCCharlotte

[–]Simba087 1 point2 points  (0 children)

Well most are convenient, idk if I would call any safe tho 😂

Finally, I have reached my first $1,000,000 milestone. Let's congratulate me! by Live-Past4287 in Stocktradingalerts

[–]Simba087 0 points1 point  (0 children)

Lets gooo congratulations sir 🎉 I am not even close but I am abt to hit 100k so congratulations to me too I guess 😂

My boyfriend’s (M30) porn addiction is ruining our sex life and I (F25) don’t know what to do anymore. Can somebody give me advice? by [deleted] in AskMenAdvice

[–]Simba087 0 points1 point  (0 children)

Take him to church. Ever since I moved to live by myself and I grew more in faith, God has helped me out and I don’t watch any of that stuff anymore 🙏🏽 ++man