JOHN HENRY

The math behind becoming a millionaire: Investments growing at 10% while: - Investing $125 a week for 30 years. - Investing $350 a week for 20 years. - Investing $630 a week for 15 years. It sure isn't easy. But it's easier than winning the lottery.

@iamcoriarnold Good point.

@darrelltalksfi The most sane answer I've been able to come up with when wrestling over these decisions is to simply do both.

Imagine you inherit $50,000 at 35. Your spouse wants to pay off the mortgage with a 6.5% interest rate. You want to put it all in $VOO and let it ride. Who's right?

@Lilly7862 Totally. The boring stuff : )

@thejohnhenry Wealth is usually built through simple habits repeated consistently over time

7 boring wealth building habits that actually work: 1. Saving 15% of pay. 2. Investing the savings. 3. Using a money tracker. 4. Keeping a car long term. 5. Avoiding credit card debt. 6. Growing your income each year. 7. Not caring what other people think.

@valerijatrades1 🤓

@thejohnhenry Love this list

@iamcoriarnold It's wild how fast life can change when you're dangerously focused.

14 years ago I was drowning in debt: - $140,000 student loans - $22,000 credit cards - $98,000 real estate This was all paid off in 5 years. And 5 years later I was a millionaire. Below are 6 debt hacks I used:

A harsh reality: A $500,000 home will cost $1,000,000 in the future. A $50,000 car will cost $100,000 in the future. A $7 coffee will cost $14 in the future. Prepare accordingly.

@RyanHaiss Super helpful having a cpa or cfp in your contacts.

DIY investing can save you money. Until it doesn’t. Eventually, what you miss can cost more than what you save. It is missed tax planning, avoidable mistakes, poor coordination, and opportunities you never knew existed. Here’s where DIY can start getting expensive:

@RyanHaiss Sure is.

@thejohnhenry Inflation is easy to ignore because it happens slowly...

@BuildAfter40 Inflation sure has been rough the past 5yrs.

@thejohnhenry The missing word is “when”. At 3% inflation, prices roughly double in 24 years. Slow enough to ignore month to month, but brutal across a retirement.

@iamcoriarnold Exactly.

@thejohnhenry Prioritize appreciating assets to offset inflation as much as possible.

@iamcoriarnold An S&P500 index fund has been my easiest investment as well. Simple works 🤓

The stock market is my favorite appreciating asset: - No tenants - No inventory - Full time flexibility Find out which stock market strategy is best for you:

"The most contrarian thing of all is not to oppose the crowd but to think for yourself." — Peter Thiel

@AurumFlowApp Good point.

@thejohnhenry The crowd isn't always wrong - but following just for the sake of following is a mistake

Today, 5,000+ subscribers learned: The 7 Types of Homes (plus homebuyer tips): 1. The Condo. 2. The Townhouse. 3. The Pud. 4. The House. 5. The Duplex. 6. The Triplex. 7. The Fourplex. Read it: millennialwealth.link/y5m

@AurumFlowApp Thanks my friend.

@thejohnhenry Excellent article. Important for first time buyers to know there isn't a one size fits all path to homeownership.

@JJsFinclub Just 30mins a month can change everything.

Treat your household like a business. Budget = P&L. Net worth = balance sheet. Monthly review = board meeting. Most people manage money reactively. High performers allocate first. The difference over 10 years on solid income is massive. Start with one 30-minute Weekend Money Review this Saturday.

@iamcoriarnold Thanks. Hope it's useful to someone.

@thejohnhenry Great knowledge to have when buying real estate!