Finance Guy
@GuyTalkFinacesSharing opinions about money and good financial habits - Index Investor - Building Freedom Debt Free
Warren Buffett is a billionaire and lives in a paid off house he bought in 1958. Think about that 🏡
Just spent $92 shopping at Trader Joe's for a week's worth of food. A household of two should be able to get groceries for about $600 per month.
I would like to thank everyone for sharing my account and supporting me. People pay for advertising like this and people are giving it to me for free🫶
My fiancée and I like to go out to dinner once a month to a nice restaurant. Yesterday we went to an Italian restaurant that served fresh handmade pasta 🍝 🤤 The total bill was $275. It was well worth it for a great meal & experience👌
I've sold over $10,000 worth of stocks to pay off a 4% car loan. I've paused my retirement contributions to build an emergency fund. My fiancée did not invest until her school loans were paid off. These financial decisions have put us in a fantastic financial position 💯
Investing 15% of your income while also paying off your home early is a financial hack for freedom 💯
Paying off a personal home mortgage early is a great financial decision 💯
If I only invest 15% of my income I will become a millionaire by age 55. This gives me plenty of expendable income to raise a family, pay off a home, and live a fulfilling life. Building a strong financial foundation set my life up for a successful future 💯
A $100,000 yearly salary is still considered a high income in most of the United States 💯
A HUGE WIN for this family! 🙌 They paid off $285,000 of debt in just under 6 years while making $150k - $170k yearly They did this all while raising a family too! No excuses Now they have a home valued at $700k and $100k for retirement💰 They're set
What's the worst financial advice that I talk about and follow? What is it and why don't you like it?
The largest expense in retirement will be a house payment 🏡 The sooner your home is paid off the sooner you're capable of retiring
If you're not able to pay off all consumer debt within two years It's time to consider a second job, selling investments, pausing retirement The quicker someone is out of debt the quicker they can start building wealth
Imagine a business that has a balance sheet with: . No Debt . Cash Reserves . Earnings Growth . Positive Cash Flow This business would be a fantastic investment You can make your personal finance balance sheet look like this
Pay off all consumer debt (excluding mortgage) before you start investing I'll die on this hill 💯
Dave Ramsey is back recommending a 8% withdrawal rate for retirement This is his first show back since his infamous viral moment a month ago On this call Dave says it's ok to withdraw 8% out of $2.5 million for retirement.
Building wealth is pretty easy. All you need to do is three things: 1. Pay off all consumer debt 2.Invest at least 15% of your income 3.Wait It's really that simple 💯
You should have no consumer debt and an emergency fund in place Before you start investing. Always 💯
U.S. Small Value stocks up over 14% in 26 trading days. Based on historical averages — that's over 100% of the return you should expect each year...in about 10% of a year. @ycharts
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