Our FI Journey • beingdetermined

beingdetermined

Personal Finance • Lifelong Learner • Financial Abundance

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Start them early! This kid doesn’t get a spend b

Start them early!
This kid doesn’t get a spend bucket for now, 🤣!
#moneymanagement

This is exactly what I teach everyday! The name of

This is exactly what I teach everyday!
The name of this game is #riskmanagement!
#cash gives you options!

This might not be completely accurate, but there’s a lot of truth on it! #wealth

We, humans, are not capable of looking at 20 years

We, humans, are not capable of looking at 20 years into the future. Therefore, the best way to set yourself up for #success is for you to have a enough #cashflow every month. In simple terms, you need to have enough #income to cover your living expenses, #savings and #investments.
#lifestylecreep is a real thing, but it’s something that you can control.
You need to design your life around two things: savings and investments.
From your monthly/yearly income you need to first subtract your savings and investments, then you can see what you have left for the other expenses.
Doing it this way gives you a better chance of not touching your investments for a long long time. The only way #compoundinterest is going to work is with time. Try to design your #financiallife around your savings and investments!
Graphic by: @the_tsp_counselor

👀👀👀 #debtfreecommunity #debtfreejourney #

👀👀👀 #debtfreecommunity #debtfreejourney #stocks #stockmarket #stockmarkets #stockmarketinvesting #stockmarketmemes #stockmarketeducation #401k #dividendstocks #financialindependence #financialindependenceretireearly #financialadvisor #financialliteracy #financialdomination #wealthbuilding

#debtfreecommunity #debtfreejourney #wealth #wealt

#debtfreecommunity #debtfreejourney #wealth #wealthbuilding #wealthymindset #assetsoverliabilities #assets #passiveincome #realestateinvesting #passiveincomestream #financialindependence #financialindependenceretireearly #financialadvisor #financialliteracy #financialdomination #ficommunity #firecommunity #stockmarket #dividends #millennialmoney #401k

Ten years from now, you will be glad that you star

Ten years from now, you will be glad that you started today!

#financialfreedom #financialliteracy #financialind

#financialfreedom #financialliteracy #financialindependence #financialindependenceretireearly #financialplanning #debtfreecommunity #wealthbuilding #realestateinvesting #realestateinvestor #investmentproperty #assetsoverliabilities #cashfollowgang #passiveincome #dividendincome

Our most up-to-date #assetallocation. Portfolio c

Our most up-to-date #assetallocation.
Portfolio construction is more important than any individual #stock, piece of real estate or #crytpocurrency that you buy. Yes, you can get lucky with an #investmentproperty, stock or #crypto, but that’s not the norm.
••••••••
How NOT to construct a Portfolio:
-Based on your Age
-Based solely on your Risk Tolerance
How to construct a Portfolio:
-Based on your Needs and Goals

Once you study the most successful #investors in t

Once you study the most successful #investors in the world you realize two things. You realize that they have an edge and that they think in probabilities, not certainties.
Let’s be honest. There’s a very low probability that you will become the next #warrenbuffet. That’s why you will be better off #investing in #indexfunds.
Now, you don’t have to be the next Warren Buffet to have an edge. You can create your own edge. One of my edges is my #savingsrate. For those of you who are new here, savings rate, in simple words, is the difference between your expenses and income. The bigger the gap between those two, the more capital (#money) you are going to have to #invest.
It’s easy to have a big savings rate for one week or month. It’s very difficult to hold a big savings rate for decades. That’s the key. Think long term!

Back to Basics! If you are young you need to chec

Back to Basics!
If you are young you need to check this table. The early you start #investing, the better. Time is your best leverage.
Make sure you are on the right side of #compoundinterest.
Compound Interest can work against you. Don’t believe me? Get into #debt and then try to get out of it and you will see.

Let me join @thestealthyrich with some #landlord s

Let me join @thestealthyrich with some #landlord stories! 😂🤣
I think this washing machine has an evil spirit, LMAO!
My tenant sent me this video to show me that it is time to change the washing machine. I think the drum is corroded. This is a very old Whirlpool washing machine.

A fellow #realestateinvestor shared this with me!

A fellow #realestateinvestor shared this with me! Sometimes you have to be creative! #realestateinvesting

#debtsucks #debtfreemillennials #debtfreelifestyle

#debtsucks #debtfreemillennials #debtfreelifestyle #debtfreecommunity #debtfreejourney #financialfreedom #financialliteracy #behavioraleconomics #economics #economy #economia #financialindependance #financialindependenceretireearly #ficommunity #firecommunity #wealth #wealthmindset #personaltrainers #wealthbuilding #assetsoverliabilities #realestateinvesting #realestateinvestor

#debtfreecommunity #debtfree #debtfreejourney #fin

#debtfreecommunity #debtfree #debtfreejourney #financialindependence #financialindependenceretireearly #studentloans #debtfreeliving #ficommunity #wealthbuilding #personalfinance #millionairemindset #firecommunity #minimalism #debt #cashisking #saveandinvest #savingsrate #assetsoverliabilities

Dennis Rodman had a role. Here are some of his acc

Dennis Rodman had a role. Here are some of his accomplishments:
5-time NBA Champion: 1989, 1990, 1996, 1997, 1998
2-time NBA Defensive Player of the Year: 1990, 1991
Rebounding: 1992 (18.7), 1993 (18.3), 1994 (17.3), 1995 (16.8), 1996 (14.9), 1997 (16.1), 1998 (15.0)
Offensive rebounds: 1991 (361), 1992 (523), 1993 (367), 1994 (453), 1996 (356), 1997 (320)
Defensive rebounds: 1992 (1,007), 1994 (914), 1998 (780)
•••••••••
As you can see, Dennis Rodman was a defensive player. Every time he hit the court, his team was much better defensively. His skills helped the team win championships. Same with #cash. A cash allocation is a defensive tactic and strategy. I hear a lot of people say: “Cash is Trash” because of #inflation. I agree. Inflation will eat the purchasing power of your #money, but I will argue that’s if you never #invest your cash.
Every time I hear “Cash is Trash” either that person is trying to sell you something or he/she doesn’t understand #risk and #riskmanagement. You need to have an #emergencyfund and a cash allocation to take advantage of opportunities. Your whole psychology will change with a good pile of cash.

The answers from a person that’s starting in lif

The answers from a person that’s starting in life are going to be very different from a established professional.
That’s why you should ask these questions to yourself regularly.

Are contemplating a #sidehustle? These trades let

Are contemplating a #sidehustle?
These trades let you do some jobs on the side. Especially, #webdeveloper. Anything that has to do with #webdevelopment is worth learning. Why? Because you can become #locationindependent

Here is my free #ebook in a single post! LOL!! No

Here is my free #ebook in a single post! LOL!!
No need to pay for things that you can find for free in the internet. You just need to be inquisitive and learn effective Google search techniques.

#hsa #debtfreecommunity #debtfreejourney #taxdefer

#hsa #debtfreecommunity #debtfreejourney #taxdeferred #401k #retirement #retirementplanning #financialindependence #financialindependenceretireearly #financialliteracy #finacialeducation #retirementgoals #financialadvice #financialadvisor #ficommunity #firecommunity #firemovement #wealthbuilding #debtfree #debtfreeliving

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