Debt Ascent

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Debt Ascent

Debt Ascent

@DebtAscent

Peak student loan debt of $521k in 2013. Student loans paid off in 2019. Seven figure net worth in 2020. Slow FI since 2021.

Katılım Ocak 2017
230 Takip Edilen762 Takipçiler
Debt Ascent
Debt Ascent@DebtAscent·
@DaveRamsey Being open-minded is obviously important, and I agree with the sentiment. But being lectured about it from someone with a fixed mindset and the most rigid of structures of how to do things financially with seemingly very little open-mindedness comes across as hypocritical.
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Dave Ramsey
Dave Ramsey@DaveRamsey·
You need to learn to engage ideas and engage things that make you uncomfortable.
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Debt Ascent
Debt Ascent@DebtAscent·
@TPP_MD Totally agree. And this starts at the top. We can’t even fein decency anymore with those we have disagreement with.
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Jimmy Turner, MD
Jimmy Turner, MD@TPP_MD·
I hate that our country is at the point where we no longer disagree over policy if we have different political views We now disagree if the other person is a good human being if we have different views If you met the other person IRL, I bet you’d like them more than you think
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Debt Ascent
Debt Ascent@DebtAscent·
It is the start of Year 4 of the Slow FI chapters of our life. I still deal with money, but we haven’t let it drive hardly any of our decision making in years. It’s amazing how fast a relationship with something like money can transform in a relatively short amount of time.
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Debt Ascent
Debt Ascent@DebtAscent·
There is no way he doesn’t understand sequence of return risk, which is something I could easily explain to an underclassman in high school. I don’t believe he believes what he is saying. I believe he knows it’s what keeps his followers following. It’s a sad and ugly sight.
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Debt Ascent
Debt Ascent@DebtAscent·
This is great analysis by Paula. I came across this rant today and it makes me almost want to come out of X retirement. Never had I truly considered Ramsey as an entertainer first, but now I must.
Paula Pant@AffordAnything

Dave Ramsey’s nine-minute rant proves several things: 1️⃣ you command attention by having a strong viewpoint, not an accurate one 2️⃣ a confident delivery can make even the most moronic ideas sound plausible 3️⃣ people don’t rally behind what they can’t understand, so … 4️⃣ … to gather support for an idea, make it simple (even if it strips away nuance) 5️⃣ you can dismiss research you haven’t read, using pseudo-math riddled with logical flaws, and those who can’t (yet) think critically will follow along 6️⃣ you have enormous freedom to make claims about the stock market if you never have to cite sources and you’re never held accountable for outcomes 7️⃣ you can ignore things like asset allocation, sequence of returns risk, and volatility — and yet people will still come to you for investing advice, so long as you blend brash overconfidence with folksiness Truly, it’s a master class in media. But it’s horrific advice for retirement investing. x.com/mbontrager5/st…

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Debt Ascent
Debt Ascent@DebtAscent·
The extra day a week (and summers) off far outweigh the salary at this point in our life. If I had stayed doing what I was doing, everything would have been fine. I’m sure I’d be happy. But I don’t miss it, which tells me I made the right call.
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Debt Ascent
Debt Ascent@DebtAscent·
It’s been a while since I’ve posted. Apparently this account is still active. More than two years since we slow FI’d (if that’s what it’s still called). I hardly think about money anymore. Haven’t looked at my net worth in a year. Don’t regret walking away from the high salary.
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Debt Ascent
Debt Ascent@DebtAscent·
@partnersinfire You said we’re basically already in a society where only the privileged can become doctors, lawyers, teachers, & scientists. I disagree.
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Melanie
Melanie@partnersinfire·
@DebtAscent It sounds like we agree that college is too expensive? I'm not sure which part you disagree with.
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Melanie
Melanie@partnersinfire·
It's really classist to say that only people who can afford college should go to college. We'd end up with a society where only the privileged can become doctors, lawyers, teachers, & scientists.
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Debt Ascent
Debt Ascent@DebtAscent·
@partnersinfire She used her degree to get a high paying job, and used that high paying job to pay off all of her loans and build wealth simultaneously. There are many others like her that have done the same. The system needs improvements, but it’s not broken.
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Debt Ascent
Debt Ascent@DebtAscent·
@partnersinfire I disagree with this premise. My wife is a dentist. She took out hundreds of thousands of dollars in student loans. Neither parent went to college. The cost is high. Too high. But it doesn’t prevent those who don’t come from well off situations from changing their futures.
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Debt Ascent
Debt Ascent@DebtAscent·
@DrPayItBack Yet another benefit of not tracking it at all! There are so many…
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Dr PayItBack
Dr PayItBack@DrPayItBack·
my new plan for increasing my net worth is to only update my home value when it goes up and not when it goes down
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Debt Ascent
Debt Ascent@DebtAscent·
@matthewlee7 Well, a linear fit seems about as good as any when I checked on when the 11 federal holidays were instituted. At that rate, we’ll fill the calendar year right around the year 9889.
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Debt Ascent
Debt Ascent@DebtAscent·
@Military_Dollar These people also want to call the bank to have their principle balance increased when the property appreciates, right?
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Military Dollar
Military Dollar@Military_Dollar·
People think it’s a joke but sometimes it’s not & this is why I, *a happy real estate investor* go to battle against the RE bros who push it as a never-lose investment. RE is great *if you know what you are doing* & too many people don’t. PS same for crypto, dividend stocks, etc
Ramit Sethi@ramit

Some of you are doomed (via /r/costco)

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Debt Ascent
Debt Ascent@DebtAscent·
@Financialplgrm Stretch it out a few miles and go to Cannon Beach. Quite a few wineries to the SW in that range if that’s your thing.
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Financial Pilgrimage
Financial Pilgrimage@Financialplgrm·
What are the best sites to see within 50 mile radius of Portland, Oregon? (Without kids)
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Military Dollar
Military Dollar@Military_Dollar·
It’s telling that the “quality” people seem to care most in American cheese is not its value or its flavor but that they think it melts well. Lots of cheeses melt well, folks. Please try havarti.
Military Dollar@Military_Dollar

Okay, listen, I’ve had enough. American cheese costs pretty much the same as slices of cheddar, Swiss, mozzarella, havarti etc but all of those real cheeses taste a million times better than American “cheese.” Please for the love of tastebuds stop buying American cheese!

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Debt Ascent
Debt Ascent@DebtAscent·
@DrPayItBack A dip bar that attaches to your power rack. Kettle bells. A bike.
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Dr PayItBack
Dr PayItBack@DrPayItBack·
House we're moving into has a space that we're keeping as a gym. Sellers are leaving a treadmill, elliptical, and rower. I have a bench and adjustable dumbbells, ab roller, and pullup bar. Want an olympic bar/plates and a power rack. Anyone have any other favorite pieces?
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Debt Ascent
Debt Ascent@DebtAscent·
@theficouple Yes I could switch to renting or sell it and buy a less expensive house, but I’m not going to. So the equity in that case is relatively meaningless. It’s “wrong” not to include it, but who cares? It works better for how I view net worth even if it differs from your definition.
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Debt Ascent
Debt Ascent@DebtAscent·
@theficouple Yes, it’s technically part of net worth. Practically though, some people don’t include it because it’s very different than having $400k in an investment account or cash. I will always need a place to live, so why count that equity when I have absolutely no intention on using it.
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theficouple
theficouple@theficouple·
Never understood why some don’t count equity in home towards net worth If we own a $400,000 home and it has no debt against it? That’s $400,000 of equity. What are we missing here?
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Keşfet

@DaveRamsey @TPP_MD @DrPayItBack @partnersinfire @matthewlee7 @Military_Dollar @elonmusk @BarackObama