beingdetermined
Personal Finance • Lifelong Learner • Financial Abundance
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Mission Accomplished! I’m glad I was there today Mission Accomplished! I’m glad I was there today to support the mission.
Lunch Date With My Queen! #powercouple Lunch Date With My Queen! #powercouple
#personalfinance #personalfinances #personalfinanc #personalfinance #personalfinances #personalfinancecommunity #debtfreecommunity #financialindependence #financialindependenceretireearly #ficommunity #wealthbuilding #debtfreejourney #debtfree #budgeting
skills that pay the bills! here we go! skills that pay the bills! here we go!
self-sabotaging and self-inflicted problems is whe self-sabotaging and self-inflicted problems is when you create problems in your daily life that interfere with long-standing #goals. The most common self-sabotaging behaviors include #procrastination, toxic relationships, self-medication with drugs or alcohol and comfort eating. The most common self-inflicted problems is not stopping when you see red flags along the way.
Beware of #financialgurus Beware of #financialgurus
I can tell myself/you this all day long. Maybe ev I can tell myself/you this all day long. Maybe even wish that I/you will hold forever. However, the reality is that you need to cash flow your daily life. There’s a bigger probability that you will hold forever if you have more money coming in, than what you spend. Once you have more money coming in. Then, you will be able to build a pile of cash. Only then, the odds are in your favor that you will hold forever. A pile of cash will change your whole #money mindset. Don’t be all invested. Why? Because you think you will know how you are going to react in a time of hardship. In reality, you don’t know. If you think you know, then you are just fooling yourself.
#compoundinterest #portfolioconstruction #assetall #compoundinterest #portfolioconstruction #assetallocation #investing #budgeting #risk #uncertainty #probability #statistics #opportunitycost #competitiveadvantage #negotiation #behavioralfinance #behavioraleconomics #savings #borrowingmoney
#debtfreecommunity #debtsucks #debtfreemillennials #debtfreecommunity #debtsucks #debtfreemillennials #personalgrowth #personalgrowthjourney #personalgrowthanddevelopment #financialfreedom #financialliteracy #financialindependence #financialplanning #financialindependenceretireearly #minimalism #livebelowyourmeans #realestateinvestor #fatfire #retireearly #dividends #dividendstocks
What is #savingsrate? It’s just the ratio betwee What is #savingsrate? It’s just the ratio between your #income and #expenses. For example: let’s say you make $4,000 a month and you save $1,500. This means that your expenses are $2,500 a month. So, if we calculate the savings rate we will get 37.5% of savings a month ($1,500/$4,000 = 37.5%). The whole goal is to increase your savings rate as much as possible. That way you will have more #money to #invest. The best #financialadvice that I can give you is: #livebelowyourmeans. I have kept a high savings rate for decades and I’m still positioning myself to keep it as high as possible. This (savings rate) #personalfinance metric is one of the best metrics out there. It will give you a clear snapshot of your monthly savings.
You will see some changes in our #assetallocation. You will see some changes in our #assetallocation. Our #realestate allocation grew because of our new acquisition. Also, I did some changes to our international allocation. I’m trying to simplify our #investmentportfolio as much as possible. Other than that, I haven’t changed anything on our portfolio. Real #investing is boring. Why? Because you have to keep your #investments for decades. The most important thing is to master your emotions, that way you will have a better chance on keeping your investments untouched.
#lifelonglearning #debtfreecommunity #compoundinte #lifelonglearning #debtfreecommunity #compoundinterest #wealth #wealthbuilding #financialjourney #financialfreedom #financialliteracy #financialindependenceretireearly #ficommunity #firecommunity #assetsoverliabilities #realestateinvesting #realestateinvestor #biggerpockets
#investinyourself #personaldevelopment #personalgr #investinyourself #personaldevelopment #personalgrowth #personalgrowthanddevelopment #personalgrowthjourney #wealthmindset #millionairemindset #mindsetiseverything
This reminds me of #backtothefuture! This robot lo This reminds me of #backtothefuture! This robot looks cool. However, I want you to think for a moment about the implications and/or consequences that this is going to have in our society. I don’t think that all the implications and/or consequences of introducing robots in our lives are going to be negative. I think that robots are going to help us increase our productivity. However, I see some challenges with #monetarypolicy, #fiscalpolicy and our own #psychology and behaviors around work. If you are starting in life, I will suggest to consider a #stem #career. Learning #computerprogramming is a superpower.
#inflation #debtfreecommunity #financialfreedom #f #inflation #debtfreecommunity #financialfreedom #financialliteracy #financialindependence #financialindependenceretireearly #financialplanning #ficommunity #firecommunity #wealthbuilding #economics #economy #behavioraleconomics #cash #assetsoverliabilities #realestateinvesting #realestateinvestor
#riskmanagement #riskmanagement
Great chart by the @visualcap Don’t compare your Great chart by the @visualcap Don’t compare yourself to others. Comparison is the thief of joy. Run your own race. Use this as a motivating tool.
I love to make #money and build #wealth, but money I love to make #money and build #wealth, but money is not the only thing that I want to have in my life. I started #investing in my 20’s. I built a wealth foundation and framework early on. I made huge mistakes with money. However, those mistakes were wiped out by #savings and #compoundinterest because I started early. One of the best decisions that I’ve made was to create a family after I secured my #personalfinances. Money provides flexibility, freedom and security and I wanted that for my family. Therefore, when I was ready with my personal finances I decided to get married. Today, I’m happy that I made the decision to create a family. My wife and my kids fill my life with joy and love. Time has taught me not to sacrifice the most important things in life for money. You don’t want to be so poor that the only thing that you have in life is money. Life is about having a purpose and meaning, and then happiness will come.
welcome to the portfolio! this duplex should bring welcome to the portfolio! this duplex should bring $45,480 in gross #rent a year.
#consistencyiskey #savingsrate #fumoney #firecommu #consistencyiskey #savingsrate #fumoney #firecommunity #saveandinvest
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