Your daily dose of finance, fitness, and fatherhood. Home Gym Enthusiast | 13 Years on Wall Street Lift Heavy 💪🏻 | Run Far 🏃🏻| Stack Hard 💰
Jersey Shore, NJ
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Here is the breakdown of the $60k budget my wife and I had last year
Our household income was $400k
We saved & invested the difference💰
566
80
1,677
656,200
My expenses used to be $60k/year
After having a kid they’re $80k/year
Every kid you have costs $20k/year 😳
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28
2,760
My friend’s grandma is 96 years old
Has a $330k portfolio invested in:
20% stocks
80% cash & bonds
$40k/year pension & social security
Her annual expenses:
$60k assisted living
$15k taxes, medical, etc.
What advice do you have for them? 💰
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18,142
I drive a 2019 Nissan Sentra S
Bought it used in 2020 for $12k cash
It had 1 owner with 30k miles on it
Now it has 120k miles with no issues
Not a single car payment in 6 years
And I can sell it today for $7k easy
Enjoy the payments on your BMW 🙂
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Why aren’t more companies selling all their office buildings…
And letting their staff work remotely?
Most would happily take a 30% pay cut
I rather have a $100k fully remote job
Than commute to a $150k in person job
And it’s not even a close call for me 😳
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New cost of living data was released
Here are the best places in the U.S.
Where you can retire with only $500k:
Tucson, AZ
Spokane, WA
Greenville, SC
Pittsburgh, PA
Columbus, GA
Sioux Falls, SD
Sea Moines, IA
Fayetteville, AK
Chattanooga, TN
Oklahoma City, OK
But you’re just not going to do it 🙂
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My buddy bought a house in 2019
Paid $800k and got a 3% mortgage
Zillow says it’s now worth $1.8 million
He’s thinking about selling it to retire
He’s 38 and would pocket $1 million 😳
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If you have a mortgage…
You don’t truly own your home
If you have a car payment…
You don’t truly own your car
Few understand this 🙂
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S&P 500 is up 11% so far this year
And only down 2% from all time highs
Can someone explain like I’m 6 years old why everyone is freaking out? 🙂
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Do everything you can to hit $2 million
That’s enough $$$ to retire at any age
And no one can tell you what to do
That’s why they call it F-U money 💰
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I rather have $500k liquid invested
With a $500k fully paid off house
Than have $1 million liquid invested
With $500k owed in mortgage debt
And it’s not even a close call 😳
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My son turned 2 years old today
He’s a passive index fund investor
And his account just crossed $15k
Happy birthday little man 💰
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Just saw a lease deal on an Audi Q5
$6k down & $600/month for 3 years
Plus you can only drive 10k miles/year
So that’s $28k total gone after 3 years
And then you give them the car back 😳
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Anyone have any experience good or bad buying a car on Carvana?
I’m in the market for a lightly used SUV
But next to going to the dentist my least favorite place is the car dealership 🙂
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My son turns 2 years old in 2 days
We already have $14k invested a 529
With another $1,000 to invest for him
But not sure where to invest that $1k
Here are our options:
529
Trump Account
Custodial Roth IRA
Custodial brokerage
Which account should I fund here?💰
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Boomers with $4 million in assets
Paying $200/month for Medicare
Collecting $5k/month social security
All funded by millennials who can’t afford to buy a house or get sick 😳
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There are jobs that pay 6 figures
But absolutely no one wants them
Lineman
Bridge Painter
Oil Field Worker
Merchant Marine
Alaskan Fisherman
Air Traffic Controller
Wind Turbine Mechanic
Septic Tank Maintenance
High Rise Crane Operator
Underwater Ocean Welder
Don’t sleep on these careers 😳
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