Andrew Lokenauth

https://mastodon.social/@FluentInFinance

• I write https://TheFinanceNewsletter.com for 50,000 subscribers • 15yrs in Finance, Tech & Start-ups • Follow to get smarter with #investing #personalfinance #money #stocks #stockmarket #finance

Newsletter: https://thefinancenewsletter.com
Youtube: https://www.youtube.com/FluentInFinance?sub_confirmation=1
Twitter: https://twitter.com/@FluentInFinance
LinkedIn: https://www.linkedin.com/in/lokenauth/

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Last Notes

2024-10-25 18:10:32

By age 30, you should have a circle of friends comfortable talking about investing, money, and self-improvement.

2024-10-01 18:21:30

A scarcity mindset will hold you back from building wealth.
With a scarcity mindset, you wake up at 3 a.m. to wait in line for a sale to save a few dollars.
With a wealthy mindset, you realize your time is worth more than saving a few dollars.
Money is infinite. Time is not.

2024-09-11 14:19:24

79% of millionaires inherited $0.
Every family has that person who builds generational wealth and breaks the cycle of poverty.
If you don't come from a wealthy family, a wealthy family can come from you.

2024-09-02 13:53:33

Financial decisions you’ll never regret:
1. Marrying right
2. Avoiding car loans
2. Avoiding credit card debt
4. Maxing out your Roth IRA
5. Building your credit score
6. Creating a 2nd stream of income
7. Taking your 401k company match
8. Building a 3-6 month emergency fund
What else would you add?

2024-09-01 14:41:17

If you’re investing with a 10-year time horizon, nothing that happens in the short-term matters.
Invest for decades, not days.
You don’t become rich by buying, you become rich by holding.

2024-08-29 22:50:05

Jeff Bezos visited Harvard Business School in 1997 and the feedback he got was:
"You need to sell to Barnes and Noble and get out now."
https://files.mastodon.social/media_attachments/files/113/047/752/105/155/466/original/5c8dc12ddf4fcf9c.png

2024-08-22 14:44:49

Unpopular opinion:
A 9-5 with consistent income, paid time off, and benefits is better than being a business owner.
Entrepreneurship isn't for everyone.
There’s nothing wrong with having a 9-5 job when you have a great work/ life balance.
Time > Money

2024-08-20 15:01:52

Currently, the median salary for an American worker is $56,000.
Meanwhile, the average American needs a salary of $186,000 to live comfortably, per Bankrate.
And a salary of $233,000 to feel financially secure, per CNN.
That's more than quadruple.
What do you consider a comfortable salary?

2024-08-19 17:25:05

I shop at Amazon, I own $AMZN.
I use Instagram, I own $META.
I use an iPhone, I own $AAPL.
I use Google, I own $GOOGL.
I drive a Tesla, I own $TSLA.
I don't buy stocks, I invest in products and services I consume daily.
Do you?

2024-08-18 17:41:43

Make your child a millionaire:
When they're born, invest $1,000 into an S&P 500 index fund.
Invest $100 every month until they're 21.
At 21, they'll have $109,000 invested.
You can leave this alone and stop adding to it.
At age 50, it should grow to $2.6 million.
Bonus: Teach your child to invest $500/month at 21.
If they continue what you started, by 50 this should grow to $3.9 million.
This is how generational wealth is built.

2024-08-18 01:08:28

An important rule to live by
https://files.mastodon.social/media_attachments/files/112/980/348/537/235/124/original/56d92d7968e09079.png

2024-08-17 23:21:47

Never allow a job to steal your life
https://files.mastodon.social/media_attachments/files/112/979/929/045/162/803/original/4f42c64e9583b3f2.png

2024-07-21 17:15:11

Entry-level jobs should not require 3-5 years experience.
Entry-level jobs are to kick-start one’s career.
It should require 0 years of experience.
Not 1 year. Not 2 years. Not 3-5 years.
Spread the word.

2024-07-10 03:08:05

The best stress reliever is walking outside.
The best productivity hack is a good night's sleep.
The best mood booster is nutrient-rich food.
The 3 best natural remedies on the planet.

2024-07-07 03:12:51

It's funny how you can have $100,000+ invested but drive a $30,000 car, and people think you're broke.
But have $0 in the bank with a $100,000 car loan, and people think you're rich.
Funny how that works.

2024-06-27 11:29:18

Credit scores are a joke.
My score dropped when I paid off my car.
My score dropped when I paid off my student loans.
Credit agencies told me to take on more loans to increase my score.
The system wants you to be in debt.
It's a business for them.
They punish you for not owing money.

2024-06-21 18:01:18

You see the fancy car but not the $80,000 car loan.
You see the luxury vacations but not $20,000 of credit debt.
You see designer clothes but not the $0 Roth IRA.
Social media is an illusion.
Don't be fooled by everything you see.

2024-06-21 16:16:21

Your marriage affects your finances and marrying the right person can:
• Increase your income
• Reduce your living costs
• Qualify you for better tax benefits
• Provide you with better insurance rates
The person you marry will be the biggest financial decision you make.
Choose wisely.

2024-06-21 13:16:15

"The American Dream" is a debt trap:
• $60,000 car loans
• $50,000 weddings
• $700,000 mortgages
• $200,000 student loan debt
$1 million of debt by age 30 for many.
Then work 40 hours a week for 50 years to pay it all back.
And get 2 weeks of vacation a year until you retire at 67.
It sounds more like the "American Nightmare".

2024-06-21 00:10:15

If you struggle with procrastination or lack discipline, save this:
https://files.mastodon.social/media_attachments/files/112/651/690/179/928/072/original/f6213d6378d27013.png

2024-06-20 21:55:42

A common retirement plan:
20 to 40s: No plan
40s to 60s: Panic
A better retirement plan:
20s to 40s: Save & invest
40s to 60s: Relax
Retirement isn't an age; it’s a number in an investment account.

2024-06-20 18:28:27

3 tips for my 18-year-old self:
1. Master a 6-figure skill earlier with:
• Sales
• Marketing
• Project Management
2. Invest 20%+ of pay in:
• Growth Stocks
• Real Estate
• Bitcoin
3. Take calculated risks on:
• Small Business
• Leveraged ETFs
• Options Trading
You'll hit $1 Million in 10-20 years
You'll hit $10 Million in 20-40 years

2024-06-20 02:41:55

This is what wealth looks like
https://files.mastodon.social/media_attachments/files/112/646/606/708/791/793/original/a70b45141aa53f92.png

2024-06-20 01:18:41

Going $40,000 in debt to to pay for a 4-hour wedding is wild

2024-06-19 22:22:23

From age 20-30, read this:
https://files.mastodon.social/media_attachments/files/112/645/619/167/357/952/original/c0b779ee29ab8c52.png

2024-06-19 20:48:26

Company culture is more than free snacks and pizza on Friday.
It's how you feel on Sunday nights about Monday mornings.
It’s about creating an environment where employees feel valued, satisfied, and happy all week.

2024-06-19 18:58:21

If you're feeling behind financially, remember:
• The average 6-figure earner is 35
• The average homeowner is 36
• The average entrepreneur is 42
• The average Millionaire is 62
Don't let social media make you feel like you're behind.
You're doing better than you realize.

2024-06-19 16:34:44

Nvidia $NVDA is now up 338,850% since its IPO in 1999.
If you invested $10,000 in its IPO, you'd have $33,850,000 today.
https://files.mastodon.social/media_attachments/files/112/644/251/875/426/442/original/b6bf8034697ecdb5.png

2024-06-19 03:20:48

Top Cities people are moving from:
San Francisco, CA
New York City, NY
Los Angeles, CA
Washington, DC
Seattle, WA
Chicago, IL
Top Cities people are moving to:
Las Vegas, NV
Charlotte, NC
Phoenix, AZ
Denver, CO
Tampa, FL
Austin, TX
Dallas, TX
Where else should be on this list?

2024-06-19 02:09:48

It takes 21 days to build a new habit.
And 90 days to build a new lifestyle.
Begin.
https://files.mastodon.social/media_attachments/files/112/640/820/976/596/953/original/25584088ef16aa99.png

2024-06-19 00:34:05

Life is short.
If you're lucky, you’ll get 4,000 weeks.
Learn that new skill.
Read that new book.
Apply for that new job.
Start that new business.
You have the power to create success.
Make the most of it.

2024-06-18 23:14:13

8 Soft Skills to Accelerate Your Career
https://files.mastodon.social/media_attachments/files/112/640/160/668/629/336/original/7d96a0f386c06c6c.png

2024-06-18 19:18:42

Using your emergency fund doesn't make you a failure.
It protects you from selling your assets or going into debt to cover unexpected expenses.
It means life happened, and you were prepared.

2024-06-18 16:44:54

Unpopular Opinion:
If you can’t cover a $500 emergency without going into debt, don’t eat out at restaurants until you can.
Your parents are not your emergency fund.

2024-06-18 14:57:23

The most important financial decisions in life:
1. The career you choose.
2. The skills you develop.
3. The person you marry.
4. The friends you keep.
5. The location you live.
Take your time and choose wisely.

2024-06-18 01:54:18

Companies will literally do anything but pay people more money
https://files.mastodon.social/media_attachments/files/112/635/127/701/544/305/original/0b2860371672e078.jpeg

2024-06-18 00:50:31

You need 3 daily wins:
https://files.mastodon.social/media_attachments/files/112/634/805/513/468/693/original/6e0278b354d3ae4b.png

2024-06-17 22:14:39

Life expectancy is 77.
Retirement age is 67.
Work 50 years to enjoy 10?
Is that really what you want?
We need to shift this mindset ASAP.
Retirement is a financial goal, not an age.

2024-06-17 20:17:37

You don't need to:
• Cancel Netflix
• Stop going out
• Quit social media
• Disappear for 6 months
You need to:
• Eat healthier
• Wake up earlier
• Create a routine
• Focus on your goals
Discipline will change your life.
You'll be ahead of 99% of people.
Be the 1%.

2024-06-17 18:25:23

You don't get paid for working hard.
You get paid based on:
• How hard you are to replace
• How much value you deliver
• How many problems you solve
Focus on being able to produce results and money will always follow.

2024-06-17 15:24:52

Work Smarter, Not Harder
https://files.mastodon.social/media_attachments/files/112/632/478/170/629/544/original/b9841970e864d760.png

2024-06-17 14:01:52

Old status symbols:
• Expensive cars
• Expensive homes
• Expensive clothes
New status symbols:
• Time freedom
• Location freedom
• Financial freedom
Don't go broke buying things to look wealthy.
Society is built on getting you into consumer debt.
Break free.

2024-06-17 03:51:21

No job is worth damaging your mental health.

2024-06-17 01:22:21

If you’re in your 20s, read this:
https://files.mastodon.social/media_attachments/files/112/629/328/615/093/518/original/c040b5dc6b4c728b.png

2024-06-16 22:12:22

9 Mindsets of the Most Successful People (that everyone should learn early on in life)
https://files.mastodon.social/media_attachments/files/112/628/592/837/578/388/original/a0f9bc65f7ae14c1.png

2024-06-16 20:00:02

Job titles don‘t make you a leader.
Here‘s what does:
Emotional Intelligence
Providing Mentorship
Empowering Others
Leading by Example
Owning Mistakes
Accountability
Gratitude
Empathy
Integrity
Humility

2024-06-16 18:27:24

The person you'll be in 5 years depends on:
• The people you spend time with
• The conversations you have
• The habits you develop
• The network you build
• The actions you take
• The books you read
• The skills you learn
Invest in yourself accordingly.

2024-06-16 14:24:52

You can make $40,000/ year as a school teacher, and people will praise and respect your career choice.
You can make $200,000/ year as a Manager at Walmart, and people will ask, "When will you get a real job?"
Stop worrying about what people think.
Their opinions won’t pay your bills.

2024-06-16 13:07:46

In my 20s I thought:
• Big house
• Expensive cars
• Expensive watches
• Name-brand clothes
= Wealth
In my 30s I realize:
• Healthy lifestyle
• Control of your time
• More time with family
• Multiple income streams
= True Wealth
Life is about so much more than money.

2024-06-16 03:38:31

The Sopranos owned this home on a single salary from a husband who didn't graduate college.
This was considered normal in 1999 when the show began.
https://files.mastodon.social/media_attachments/files/112/624/213/004/447/967/original/c0a727d4db5a6bb9.png

2024-06-16 02:15:44

Ryan Reynolds is one of the top private equity investors in the World.
He sold Mint Mobile for $1.35 Billion to T-Mobile.
He Sold Aviation Gin for $610 Million to Diageo.
https://files.mastodon.social/media_attachments/files/112/623/887/483/739/441/original/0686690f1d7e3944.png

2024-06-16 00:58:54

No job is worth your mental health or well-being.
You deserve to wake up feeling happy and at peace.

2024-06-15 23:44:42

Profit and Loss:
https://files.mastodon.social/media_attachments/files/112/623/293/656/169/198/original/440a7a71403a2d7a.png

2024-06-15 21:32:18

Don't let a job steal your life.
Layoffs this year:
• UPS: 12,000
• FedEx: 12,000
• Google: 12,000
• Amazon: 27,000
• Walmart: 12,000
• Citigroup: 20,000
• Microsoft: 10,000
• Meta (Facebook): 21,000
• Twitter: 50% of employees
• Peleton: 20% of employees
• Coinbase: 25% of employees
• Snapchat: 20% of employees
• Robinhood: 31% of employees
Job security is an illusion.
Never feel guilty about leaving a job for a better opportunity.

2024-06-15 19:25:08

Google is FREE.
YouTube is FREE.
ChatGPT is FREE.
Podcasts are FREE.
The Library is FREE.
Knowledge is everywhere.
Start learning and earning.
Your future self will thank you.

2024-06-15 17:32:17

ChatGPT prompt ideas for SWOT Analysis:
https://files.mastodon.social/media_attachments/files/112/621/829/243/633/851/original/bb38ecc3f0a6907f.jpeg

2024-06-15 16:15:25

Companies people don't stay at for long:
Google: 1.1 years
Facebook (Meta): 1.6 years
Apple: 1.7 years
Amazon: 1.8 years
Microsoft: 1.9 years
Tesla: 2.0 years
Would you work at any of these companies?

2024-06-15 15:00:18

I used to be impressed by people living in big mansions or driving flashy cars.
Now I admire people who can wake up and do whatever they want or travel whenever they want.
Time freedom & location freedom > Possessions

2024-06-15 12:49:36

18-year-old: I'd like to go $300,000 in debt for a college degree
Bank: Excellent, sign right here.
18-year-old: I'd like to borrow $60,000 for a car loan
Bank: Yes, here you go.
18-year-old: Can I also get a home mortgage?
Bank: No.
18-year-old: Can I also borrow $5,000 to start my business?
Bank: No.
Make it make sense.

2024-06-15 04:50:28

People who locked in a 3% mortgage for 30 years
https://files.mastodon.social/media_attachments/files/112/618/833/621/061/678/original/cefc830bfc29b382.png

2024-06-15 02:57:56

Entry-level jobs should require 0 years of experience.
Not 1 year. Not 2 years. Not 3-5 years.
3-5 years of experience are for Managers.
5-7 years of experience are for Senior Managers.
8-10 years of experience are for Directors.
10+ years of experience are for VP's.
The purpose of entry-level jobs are to jump-start one’s career.
Agree?

2024-06-15 00:40:36

I never use debit cards.
Credit cards save me thousands of dollars with:
• Reward points & cash back
• Raising my credit score
• Fraud protection
• Travel protection
• Airport Lounges
• Price protection
• Free insurance
• Warranties
If you pay your credit cards on time, and in full, it's "free money".
Do you consider credit card points to be passive income?

2024-06-14 22:43:02

Good people don't quit jobs, they quit bad managers.
https://files.mastodon.social/media_attachments/files/112/617/388/835/239/209/original/ec4a1cc9d9db4214.png

2024-06-14 17:36:15

Real wealth is not:
• Big yachts
• Private jets
• Luxury cars
• Giant mansions
Real wealth is:
• Sleeping in any day you want
• Spending quality time with family
• Watching a movie on Friday at 2 pm
• Going for a walk on Monday at 11 am

2024-06-14 02:58:03

What's the best career advice you've ever got?
I’ll go first:
https://files.mastodon.social/media_attachments/files/112/612/729/205/076/691/original/724bdc9c25ce740d.png

2024-06-13 21:41:42

Everything in life is negotiable, and not negotiating can cost you thousands.
It's the most important skill if you want to become wealthy.
10 secrets to master the art of negotiation:
https://files.mastodon.social/media_attachments/files/112/611/135/302/708/134/original/f67c8a2fc3aabe68.png

2024-06-13 17:36:41

11 ways to go broke:
1. Not having insurance.
2. Taking on too much debt.
3. Impulsive spending habits.
4. Not setting financial goals.
5. Marrying the wrong person.
6. Having no emergency fund.
7. Spending more than you earn.
8. Leasing new cars every 3 years.
9. Not understanding how money works.
10. Depending on only one income stream.
11. Buying material things to impress others.
Avoid as many of these as possible.

2024-06-13 14:47:29

12 tips for people in their 20s & 30s:
1. Read more books.
2. Avoid credit card debt.
3. Max out your Roth IRA.
4. Build your credit score.
5. Take your 401k job match.
6. Network with successful people.
7. Build multiple streams of income.
8. Invest at least 15% of your income.
9. Build a 3-6 month emergency fund.
10. Control spending to keep expenses low.
11. House hack your first real estate property.
12. Plan to become financially free in your 40s.
You’ll be unstoppable.

2024-06-13 03:07:00

Kobe Bryant was an incredible investor.
In 2014, he invested $6 million for 10% ownership of a sports drink called Body Armor.
7 years later, Coca-Cola bought Body Armor at an $8 Billion valuation.
Kobe's $6 million investment grew to $400 million.
For comparison, Kobe made $323 million in his 20-year NBA career.
https://files.mastodon.social/media_attachments/files/112/607/102/177/001/823/original/232ef9b5e13da8a5.png

2024-06-12 22:28:51

Every interview ends with Q&A, but many people don't ask questions at the end.
Here are 7 questions I asked to receive many 6-figure job offers:
https://files.mastodon.social/media_attachments/files/112/606/008/343/981/125/original/90ededef0fb62d60.png

2024-06-12 20:04:35

The Roth IRA limit is $7,000 for 2024.
That’s only $135 a week.
Or $20 a day.
And it’s tax free income.
Now go make it happen.

2024-06-12 18:11:40

US inflation falls to +3.3%, but it's still higher on many basic necessities:
+20.3% for auto insurance
+10.5% for transportation
+7.2% for hospital services
+7.2% for auto repair
+5.9% for electricity
+5.7% for homeowners
+5.3% for rent
Inflation is the biggest involuntary tax of all time.
https://files.mastodon.social/media_attachments/files/112/604/997/169/406/314/original/fda1ea9fff6b04a5.png

2024-06-12 15:32:12

If you want to get rich,
Start building relationships with:
• Business owners
• Entrepreneurs
• Tax Advisors
• Investors
• Lawyers
• CEOs
Your network is your net worth. Keep expanding it.

2024-06-12 01:53:30

Cognitive biases are errors in our thinking that negatively impact decision-making.
50 cognitive biases to learn (so you can make better decisions):
https://files.mastodon.social/media_attachments/files/112/601/150/645/783/108/original/e09933b68b261e8f.jpeg

2024-06-12 00:15:43

7 Powerful Lessons From the Book "7 Habits of Highly Effective People":
https://files.mastodon.social/media_attachments/files/112/600/766/311/674/615/original/275449c758dc0b3d.png

2024-06-11 21:58:42

What rich people don’t want you to know:
1. Learn the tax system and take advantage of it
2. Your salary alone will NOT make you wealthy
3. Inflation steals your wealth, so invest
4. Leverage good debt, avoid bad debt
5. Compound interest works wonders
6. Accumulate assets, avoid liabilities
7. Create multiple income streams
8. Take calculated risks
This is how you get ahead.

2024-06-11 18:41:15

In 1929, the stock market crashed 90%.
In 1973, the stock market crashed 50%.
In 1987, the stock market crashed 35%.
In 2000, the stock market crashed 49%.
In 2008, the stock market crashed 55%.
In 2020, the stock market crashed 35%.
But in 2024, the stock market hit an all-time high.
And since 1926 the stock market has increased an average of 11% each year (with dividends reinvested), or over 1,330,000% in that same period.
ZOOM OUT.

2024-06-11 01:59:39

US States with NO State Income Tax:
• Texas
• Alaska
• Florida
• Nevada
• Wyoming
• Tennessee
• Washington
• South Dakota
• New Hampshire
If you had to move to one, which would you pick?

2024-06-10 20:58:29

Good employees don't quit their jobs. They quit:
• Low pay
• Bad leadership
• Micro-managers
• Toxic workplaces
• No work-life balance
It’s okay to leave jobs that are no longer serving you.
Put yourself first.

2024-06-10 16:38:14

You see the fancy vacations but not the $30,000 credit debt.
You see the BMW or Benz but not the $80,000 car loans.
You see Louis Vuitton and Gucci but not the $0 Bank Account.
Don't be fooled by everything you see on social media.
Most of the time, it's debt that makes people look "rich."
Don't go broke trying to look rich.

2024-06-09 20:52:13

Good Evening from St. Pete!
https://files.mastodon.social/media_attachments/files/112/588/640/764/085/409/original/e1cc096451c7a885.jpeg

2024-06-09 18:37:15

SWOT Analysis Checklist:
https://files.mastodon.social/media_attachments/files/112/588/110/786/517/410/original/9066e34ca05d5e94.png

2024-06-09 16:48:38

Don't waste money on luxury cars that depreciate.
Instead, do this:
1. Buy a reliable car like a Toyota or Honda
2. Pay it off
3. Maintain it and drive it for 7 to 10 years
4. Invest the money saved in a Roth IRA
Repeat this over 15-30 years and wealth is inevitable.

2024-06-09 13:36:14

Do this for 6 months:
• Swap Netflix for books
• Swap comfort for growth
• Swap late nights for early mornings
And you'll become unrecognizable.

2024-06-08 21:00:06

BREAKING: The median mortgage payment rises to a record high of $2,894 per month in the United States.
That's an increase of +14% from last year, +23% from 2022, and +78% from 2021.
Taxes, insurance, utilities, and maintenance costs aren't included in this number.
Buying a home has never been less affordable.
https://files.mastodon.social/media_attachments/files/112/582/970/489/000/785/original/9e387a8f3c91512d.png

2024-06-08 17:00:11

Until you have $100,000:
• Don't wear your wealth
• Don't drive your wealth
• Don't flaunt your wealth
Just focus on strengthening your financial foundation.

2024-06-08 15:21:56

The income required to afford the average US home at $420,800 is $126,300 per year (3x rule).
The problem?
The average household income in the US is only $74,500.
That's 40.8% BELOW the income needed to afford a home.
Housing affordability is horrible.

2024-06-07 21:10:25

I've received many 6-figure job offers because I was the most prepared for the job interview, not because I was the "smartest."
Here are 6 commonly asked interview questions, and how to prepare for each so you stand out and get more job offers:
https://files.mastodon.social/media_attachments/files/112/577/388/237/153/908/original/ce52efc6f36e845c.png

2024-06-07 14:43:41

What people see:
• Average car
• Average home
• Average clothes
What they don't see:
• Peace of mind
• Passive income
• 7-figure investment portfolio
Wealth is the stuff you don't see.

2024-06-07 13:28:04

Tip for people in their 20s:
A 24-year-old only needs to invest $100/ week to have a $1 Million portfolio by age 55 (in an S&P 500 index fund).
If you wait until 30 to start, you will make $400,000 less.
If you wait until age 40, you make $800,000 less.
Time is your biggest asset. Use it to your advantage.

2024-06-07 01:39:48

Keith Gill aka Roaring Kitty aka DeepFuckingValue is now a Billionaire as GameStop stock, $GME, surges past $65 in after-hours trading.
If $GME opens at or above $65 tomorrow, his shares will be worth $325 million and options worth $700 million for a combined $1 Billion.
If that wasn’t crazy, he will be live-streaming it too.
That's a $850 million gain in his position.
$GME short sellers have also lost over $2 Billion today.
He went from shorting Billionaires to becoming one himself.
https://files.mastodon.social/media_attachments/files/112/572/782/704/153/169/original/74331505d39d2837.png

2024-06-06 21:40:13

Master time management:
https://files.mastodon.social/media_attachments/files/112/571/843/265/527/658/original/8457bb1476d68576.png

2024-06-06 14:02:12

Top 7 jobs held by Millionaires:
Engineer
Management
Doctor/ Surgeon
Lawyer/ Attorney
Accountant/ CPA
Real Estate Agent
Professor/ Teacher
What's one thing you notice?

2024-06-06 00:30:52

Make Your Child A Millionaire:
When they're born, invest $1,000 into an S&P 500 index fund.
Invest $100 into that account every month until they're 21.
By age 21, they'll have $109,000 invested.
Leave it alone and stop adding to it.
At age 50, that money should grow to $2.6 million.
Bonus: Teach your kid to invest $500/month
starting at 21.
If they continue what you started by 50, that total should be $3.9 million.
This is how generational wealth is built.

2024-06-05 23:28:11

BlackRock and Citadel are launching a new stock exchange to compete with the Nasdaq and the New York Stock Exchange.
I'm betting that they will offer 24/7 stock trading.
The Texas Stock Exchange (TXSE) plans to start trading in 2025.
The TXSE could become a major player in the financial markets, especially given Texas's strong economy and population growth.
Many companies have already moved to Texas, home to more Fortune 500 companies than any other state except California.

2024-06-05 21:26:22

Canada became the first G7 nation to start cutting interest rates today, and signaled that more rate cuts will follow.
What’s Next?
This signals a major shift from the aggressive rate hikes we've seen in recent years.
Some economists predict another cut in July, with three to four rate cuts expected this year.
Other central banks, such as the Federal Reserve and European Central Bank, could follow suit with their own rate cuts later this year.
Will the U.S. cut interest rates next?

2024-06-05 13:48:59

How to become rich:
1. Have a simple budget
2. Employer 401(k) match
3. Live on less than you make
4. Max your Roth IRA every year
5. Pay off credit cards every month
6. Drive an affordable but reliable car
7. Job hop every 3-4 years to increase salary
Repeat for 10 to 20 years and you're a multi-millionaire.
You won't get rich quick, but it works.

2024-06-05 02:50:15

Don’t be cheap when investing in yourself.
Spend your money on:
• experiences
• traveling
• learning
• health
• books
Don't neglect your self-care.
The best investment is always yourself.

2024-06-05 00:22:41

S&P 500 returns over 20 years (with dividends reinvested):
2023: +26.3% 🟢
2022: -18.1% 🔴
2021: +28.7% 🟢
2020: +18.4% 🟢
2019: +31.5% 🟢
2018: -4.4% 🔴
2017: +21.8% 🟢
2016: +12.0% 🟢
2015: +1.4% 🟢
2014: +13.7% 🟢
2013: +32.4% 🟢
2012: +16.0% 🟢
2011: +2.1% 🟢
2010: +15.1% 🟢
2009: +26.5% 🟢
2008: -37.0% 🔴
2007: +5.5% 🟢
2006: +15.8% 🟢
2005: +4.9% 🟢
2004: +10.9% 🟢
2003: +28.7% 🟢
Don't let a few🔴 years stop you from all the 🟢 years.

2024-06-04 21:23:52

EBITDA explained simply
https://files.mastodon.social/media_attachments/files/112/560/453/412/250/805/original/6878862c57e39f7f.png