Tryhellofi

Lets talk about Tom & Betty: At 25 Betty starts investing $500/mo into index funds. Tom waits until 35 but invests $850/mo. By 62 Betty has ~$1.5 million invested & what about Tom? Despite adding more, Tom ends up with ~$400,000 less. The power of starting investing early👌🏻

Money tips for parents: Teach your teenagers to live on 70% of what they earn & to save/invest the other 30%. Learning this habit early in life makes it easier to stick to for the rest of their lives. As a parent, this is how you set them up for their own financial freedom❤️

We're big fans of having a good 9-5 job + a high savings rate. Use the 9-5 income to pay for your lifestyle & grow your investments. If you stay consistent long enough? One day passive income from those investments will replace your 9-5 🚀

If at first you don’t succeed, learn from it. Then try a different way next time because failure is not the issue. The issue people have is doing the same thing over and over for years. ...but expecting different results

Increasing income is much more powerful than decreasing expenses. Doing both is the ultimate combination to supercharge your wealth. Make an extra $10,000/yr after tax & spend $5,000 a year less. In 24 months thats $30,000 in the bank👌🏻

Currently in a Florida neighborhood with median home price of $600,000. Cars I see in the driveways: -Ford -Kia -Hyundai -Toyota ..Please understand most well off people are not driving luxury cars.

30 years is a long time to invest $1,500/mo to become a multi-millionaire. But time will pass whether you choose to invest or not. We'd rather see you retire with $2.5 million in the bank instead of $0 Get invested.

In case you forgot: Sometimes it takes 5–7 years to get that 1 year that changes everything. Keep pushing.

You were told retirement happens at age 65. This is not true & the formula is simple: - Add your bills - Multiply by 12 - Multiply by 25 Thats your freedom number needed to retire comfortably. For some it will be 40 years of work to have it. ...For some it will be 7-10 years👌🏻

For those who don't know: Net worth is not how much you have in the bank. Most wealthy people keep very little in the bank. Instead of the bank, they keep their cash in: - Businesses - Rental properties - Index funds Their money is working for them 24/7 👌🏻

The single most important number in your financial life? It's not your salary. It's your savings rate: Save 5% → retire at 65 & hope for the best Save 20% → retire in your late 40s Save 40% → retire in your mid 30s Same salary. Completely different life👌🏻

Saw a story of someone who became a millionaire at 37: - They drive a used Toyota Prius - They love their $200 Apple Watch - They wear average clothes - They live in a modest home they will pay off early. This is how 95% of millionaires live👌🏻

Two guarantees in life: Death & income taxes* *When you own enough rental real estate? ...The income tax part can become optional🏡

5 money rules everyone should know: 1. The 4% Rule 2. The 20% Savings Rule 3. The rule of 72 4. The 30% housing rule 5. The 50/30/20 budget ...Did we miss any!?

Somewhere right now a financial advisor is charging someone $300/hour to explain compound interest. ...We put it in our FREE glossary.

Financial freedom is not about sitting on a beach doing nothing all day. It's about: - Your kid's school play not being a calendar conflict - Saying yes to the trip without asking a boss - Work being optional, not an obligation That's it. That's the whole thing.

Financial freedom never looks like Lamborghini or Rolex. Financial freedom is: - Lunch with your spouse on a Tuesday - Taking your kid to the park at 10am on a Thursday - Going to the gym mid day when its slower Financial freedom is not flashy. It's quiet abundance

The average American spends 40 years working for someone else's dream. The average Hello FI quiz takes 3 minutes. We're not saying there's a connection. ...But we're absolutely saying there's a connection.

7 Years Ago: - No idea how to invest in real estate - Paycheck to paycheck - $100k of debt Today: - 14 rentals owned - $80,000+ a year from various investments - Featured on CNN, Forbes, Good Morning America 5-7 years of hard work can change your life forever.

@Financial_wins Yes your expenses would likely rise but the 4% rule accounts for that

@tryhellofi I just heard this today on a podcast, but wouldn't your expenses change over time?

Your freedom number is just your annual expenses × 25. That's it. That's the secret Wall Street charges $500/hr to explain. You now owe us $0. ...Although a follow would be nice🤞🏻