John Short
274 posts
@Budgetdog_ @Rajatsoni You do realize everything is going on the blockchain? The entire financial system is about to change.
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@Rajatsoni To be fair, doesn’t most of the Bitcoin crowd talk about how owning 1 Bitcoin will change your life?
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Are there actually people out there who think this way?
4 Bitcoin = $280K
You can't retire with $280K of ANY asset
Even if you buy $500K of S&P 500 index funds, you couldn't retire today...
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Gosh I loved this book, movie and outsiders 🫠
Old School 80s@OldSchool80s
Mar 25, 1983: The Outsiders was released in theaters. #80s #staygold
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What’s something you quit that improved your life instantly?
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@GrantCardone I don’t think I’ve heard one person give an accurate price prediction with real basis behind it ever
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I'm 34.
I've spent 13 years in finance.
I have a multimillion dollar net worth.
These are 25 things I'll NEVER do with my money:
(even if you pay me)
1. "Time the market."
2. Invest in anything I can't explain in a sentence.
3. Day trade. You're more likely to climb Everest than turn a profit.
4. Buy individual stocks. If 92% of investors can't beat an index fund, I'm not dumb enough to think I'm special.
5. Buy a new car off the lot.
6. Pay for insurance without getting 3 quotes first.
7. Lease a car. This is literally the worst financial product ever invented.
8. Pay minimums on a credit card.
9. Buy whole life insurance.
10. Take financial advice from broke people.
11. Die without a will. The government takes 30%+ and your kids get the scraps.
12. Use a financial advisor. 1% in "fees" can cost 28%+ of your lifetime returns.
13. Trust a "get rich quick" program. If it worked, they wouldn't be selling it.
14. Keep more than 3 weeks of expenses in checking.
15. Pay bank fees. Just switch banks if they won't waive them.
16. Use a savings account under 3% APY. HYSAs exist for a reason.
17. Celebrate a big tax refund. You literally gave the IRS a tax free loan.
18. Co-sign a loan for anyone.
19. Buy a house I won't live in for 5+ years
20. Refinance just to "lower your payment."
21. Skip the employer 401k match. It's literally part of your salary.
22. Fund my kids' college before securing my own retirement.
23. Pay a medical bill without asking for an itemized receipt. 80% of them have "mistakes."
24. Blame the economy for problems my budget created.
25. Wait for the "right time" to start investing.
None of these are complicated.
None of them require a degree.
All of them are available to you.
So save this before you forget it...
And follow me @Budgetdog_ more 🤝🏻
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Magic March - pick one for listening today 🤘
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100 boring ways to win at life:
1 - Wake up before your kids.
2 - Make your bed.
3 - Pray before you check your phone.
4 - Drink more water.
5 - Exercise daily.
6 - Eat real food.
7 - Budget every dollar.
8 - Pay yourself first.
9 - Automate your investments.
10 - Read 10 pages a day.
11 - Go to bed early.
12 - Marry someone with the same values.
13 - Combine your finances.
14 - Date your spouse weekly.
15 - Say "I love you" out loud.
16 - Go on walks together.
17 - Fight fair.
18 - Apologize fast.
19 - Never keep score.
20 - Put your phone down when they talk.
21 - Cook at home.
22 - Meal prep Sundays.
23 - Pack your lunch.
24 - Track your spending.
25 - Cancel old subscriptions.
26 - Spend less than you make.
27 - Keep 3-6 months in savings.
28 - Never carry a credit card balance.
29 - Negotiate your bills once a year.
30 - Buy quality.
31 - Max your Roth IRA.
32 - Get your 401k match.
33 - Open an HSA.
34 - Dollar cost average weekly.
35 - Reinvest dividends.
36 - Invest in 1-5 ETFs.
37 - Keep fees under 0.2%.
38 - Never time the market.
39 - Never panic sell.
40 - Never day trade.
41 - Get term life insurance.
42 - Ignore whole life insurance.
43 - Create a will.
44 - Update your estate plan every 3 years.
45 - Open a 529 plan for your kids
46 - Teach them about money early.
47 - Let them see you fail.
48 - Hug them more than you need to.
49 - Be present.
50 - Eat dinner together.
51 - Stop watching TV.
52 - Stop making excuses.
53 - Stop chasing motivation.
54 - Stop comparing yourself to others.
55 - Stop outsourcing your thinking.
56 - Stop confusing busy with productive.
57 - Stop lending money you can't lose.
58 - Stop blaming the economy.
59 - Stop waiting for the right time.
60 - Stop saying "someday."
61 - Stop leasing cars.
62 - Stop financing furniture.
63 - Stop paying minimums.
64 - Stop keeping up with the Joneses.
65 - Start living like you know you're going to die.
66 - Show up 5 minutes early.
67 - Keep your promises.
68 - Finish what you start.
69 - Admit when you're wrong.
70 - Do the hard thing first.
71 - Give generously.
72 - Tip 20% minimum.
73 - Volunteer.
74 - Say grace.
75 - Call your parents.
76 - Journal daily.
77 - Walk without headphones.
78 - Stretch every morning.
79 - Protect your sleep.
80 - Delete social media (or only follow my page 😉)
81 - Get a CPA before you need one.
82 - Get an attorney before you need one.
83 - Ask doctors for itemized receipts.
84 - Review insurance annually.
85 - Check credit reports quarterly.
86 - Invest your raises.
87 - Invest your bonuses.
88 - Invest your tax refunds.
89 - Let your lifestyle lag your income by 2 years.
90 - Treat compound interest like the miracle it is.
91 - Audit your circle.
92 - Network up.
93 - Pay for expertise.
94 - Invest in yourself.
95 - Use systems over willpower.
96 - Act like who you want to become.
97 - Put your family over your career.
98 - Remember why you started.
99 - Trust God.
100 - Follow me for more @budgetdog 🤝🏻
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