Jesse

13 years ago I was a broke college student. Now... I'm an engineer with a $1.1 M net worth. Don't be scared of the market.

Try this. Put your 2% raise into index funds instead of spending it. Watch Your Net Worth 🚀🚀🚀

3 Financial Habits I Do Every Month //THREAD//

I have a friend who is 40 and damn near a billionaire. I asked him what his one key to investing well is... here's what he told me:

Would you rather dump 100k into the market next year or have a guaranteed 4.5% return ona 1 year CD. What are the odds the market yields higher than 4.5% next year?

@IndexandC Depends on major expenses planned in the next 2 years. My spending is pretty stable. So, I’ll go with total stock market.

@NeuroNupe17 @jlyork10 @NeuroNupe17 I don’t keep that kinda cash anymore. But, It felt good to look at that number.

@NeuroNupe17 @jlyork10 @NeuroNupe17 that feels like a whole other life.

@roadtowealthpod That sounds like a great gig. No BS. Work Hard. Get Out.

Making $170K/year working 30 hrs/week seems like a good gig to me. What do you think?

Today’s a Great Day to Make A Budget. - Review July Expenses - Estimate August Income - Assign Income to Categories - Check-in weekly and adjust as needed You got this.

You never know what the market’s going to do. June 15… the S&P 500 gained 1.5% June 28… the S&P 500 dropped 2%. Today… the S&P 500 gained 2.6%. Ignore the noise and buy shares every pay day.

The advisors hating on index funds are mad they missed an opportunity for 3% commission.

@thewealthdad Somebody has to plant the seed, so the the next generation can do better.

If you don't come from money, understand it'll likely take you 10-20 years of focused work/investing to become a millionaire Many don't make it because they don't want to be the one to "sacrifice" their years for the family unit Takes a different mother f'er to be the first

@Budgetdog_ When you make enough money, time becomes the new currency.

The more money you make… You come to realize the law of diminishing returns. Life is MUCH bigger than money.

The S&P 500 grew by 14.8% annually from 2012 to 2021. During that time we had… - 5 market corrections - 1 bear market Volatility is just part of the process.

@moneywithkatie No wonder we’re obsessed with early retirement and remote work.

I keep being amazed by all the working-aged people staying out late drinking and relaxing in Denmark during the work week and my husband teasingly pointed out my American approach to life coming out: “Drinking on a school night?! Doesn’t your country have Things To Achieve™?!”

@cFIREsim Yup. Now that I think about it… I overthought the taxes. That’s what I get for multitasking. Amounts should be the same both ways.

@AlmostVested Oh this makes sense! It makes it like you're actually selling bonds (overall) to cover the expense. I like it.

I've always held strong that my "emergency fund" was better served in the market, and we only keep like 2-3 months of expenses in cash (max). Welp, it's finally biting us.

@cFIREsim 1150 was assuming you had a capital gain.

@cFIREsim Im not suggesting you withdraw the funds. Im suggesting you re-allocate. If you sell $1000 in VTSAX taxable… Sell $1150 in bonds tax-advantaged and buy back VTSAX. That way you make up for capital gains. And keep your stock allocation the same.

@NeuroNupe17 Where you going?