Andy Shields

@BoomerDivvies Don’t try too hard at it. Just invest in the entire market (VTI). Focus on savings and don’t fall into the trap of impressing people you don’t care about. Your investment balance is a much bigger flex than a car or house or clothes or alcohol.

What best piece of financial advice would you give my 20 year old son? He’s in business school now so he has the book learning side of finance, accounting etc. But real life is not the same as university. He’ll see the comments. Thanks in advance

@RitaPanahi None of those things are “left” ideas. Nice try though.

I mean he only celebrated October 7, encouraged people to kill capitalists & said America deserved 9/11...

@InvestingAddict Right here 🤚 @ 40

Index fund investors dropping their two weeks notice on their boss’s desk at 43 because they stayed consistent and didn’t try to time the market.

@DividendBreeder But back then we used to get them at 3k miles. Now we wait for 5-7k. So…. Not that much inflation in total.

I got an oil change last week and it was $89.99. Inflation has hit oil changes hard. Wasn’t that long ago I’d get it for $29.99 with a coupon.

@j_fishback Because that money comes with standards. Homeschooling doesn’t abide by those. It’s not hard to understand.

If you decide to pull your child from public school and homeschool your child You should get the full $13,000 for your child that would have been spent on your child in public school

@drp825_ Convert 80k of Trad IRA to Roth. I’m retired so I do this every year to clear the 12% tax bracket. My effective tax rate is about 3.5%.

Market opens -8% tomorrow. What are you doing first? Buy / Hold / Sell

@MarketPalmer_ Real estate tax and property maintenance is missing in the calculation. Also a strong pull to spend money to renovate plus high transaction costs to withdraw equity on your “investment”. Owning is not an investment decision. It’s a lifestyle decision.

Heard someone explain a mortgage like this: "Think of the interest like rent. That money is gone. But your rent decreases over time. Think of the principal like an investment. That money is yours, and the value increases over time." ...it has its flaws, but I love that line of thinking.

@princess_kim_k What don’t you understand about “god and guns”? That is literally. It’s a cliche for a reason. NOTHING ELSE matters. Period full stop

What the FUCK IS WRONG WITH SOUTH CAROLINA THAT THEY WOULD RE-ELECT GRAHAM?

@DividendRob Depends on your plan. What is your plan?

Is this a good net worth for a 32 year old ?

@The_Money_Buddy You have to have a plan to know if you are behind. Do you have a plan?

A guy I know is 35. He has: • $150k in his 401k • $40k in savings • No other investments He’s wondering if he’s behind. What would you tell him?

@DividendMil Renting is a better investment strategy than owning. Owning is for reasons other than investment strategy and return. Some people just don’t value those reasons much as others.

90% of the people on X telling you to rent instead of buy simply can’t afford to buy. The “rent forever” crowd loves to make it sound like some genius financial strategy. The reality is most people who truly choose to rent are: • single • highly mobile • or don’t have kids yet For families and long term stability, owning a home is one of the best wealth building tools there is. You lock in your payment, build equity, and let time do the work. Don’t let social media noise convince you that owning a home is a bad investment. 🏡📈

@ramit If it was a bucket list hotel for me or my wife. And I knew how much I was going to pay before hand. And we fit it into our planned expenses for that year. Then of course I would.

Max rates for the Bulgari Hotel in Paris In what circumstance would you spend €7400/night on a room?

@MoneyJrod Graduated college ‘05 debt free. Married at 23. One child at 28. Bought a home at 3.25% in ‘11. Retired in ‘24 at 40 yr old. Living like a king, cheap in Bali.

Was I the last to go to college debt free, start a career, get married at 23, have 2 kids, buy a home at 3% interest and on track for early retirement?

@Jack_Allweil Plan on doing a hose conversions for 20 yrs in total. Also I had domiciled in South Dakota so no state tax while living abroad. After 5 years the principal conversion dollars are available for penalty free withdrawal no matter what age.

@Jack_Allweil I would be curious about the RE tax argument. I am converting 80-90k pretax 401k to Roth at 3.7% tax rate. Then the earnings on those conversion are tax free. Earnings are projected to be much more than principal given I am 42 at the moment. Effective lifetime tax rate ~<1%.

I started feeling much freer and self sufficient when I surrendered my 401k and invested the money in real estate. You can knock RE for some things, but that cash flow gave me some breathing room and mental space. + many talk about compound interest, few talk compounding of fees.

@Jack_Allweil Also a 401k gives tax advantages. My money went in tax free when I was in the 24% bracket. Now I get to choose when and how much to convert to Roth. Last year I converted 80k at an effective rate of 3.7%

@Jack_Allweil Fees are incredibly small when investing in vanguard index funds. Holding costs of real estate I imagine are a much larger percentage especially when including tax, insurance, transaction fees, etc. I guess it depends what kind of equities and real estate you’re talking about.

@Jack_Allweil He uses fear mongering to influence his followers. It’s been successful for him. But does training your brain to make decisions out of fear the best way forward long term? What long term implications are there with this decision making process theme?

I'm interviewing Robert Kiyosaki's biggest fan tomorrow for my YouTube channel. What should I ask him?

@Truth_matters20 If your name is Christian… you are a Christian regardless if your childhood brainwashing has worn off or not. Straight FACTS… HOMIE

You are not a Christian if you do not believe that Jesus is God.

@ScottKacsmar If you are abroad all you need is DZN. That’s it. One app. All the games.

To watch NFL Week 17 you just need: Netflix Prime Video NFL Network Peacock/NBC FOX CBS ESPN