Engineering Financial Independence
9.3K posts
Engineering Financial Independence
@EngineeringFI_
Sharing my thoughts on health, wealth, and happiness. Dad. Husband. Fitness. Focused on maximizing life's most scarce resource: time.
Присоединился Ocak 2022
139 Подписки1.8K Подписчики
Focus on increasing your income and investing as much of it as you can.
Daniel S@accounting_ds
One of my long term goals is 1 Million before 30 For those who achieved this, any advice? Anything you did that you look back on and have thanked yourself later? Or is this a non realistic goal? My net worth is 55k right now
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I have $6k to rebalance with.
What stock would you invest it in?
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And $1M+ in retirement accounts and you will feel very secure.
Drug Money Capital ™️@TheDrugMoney
You only really need a few hundred grand in a taxable account and your expenses under control to feel rich.
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Cook your own food.
Drug Money Capital ™️@TheDrugMoney
What’s a money saving strategy that more people should know about?
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@TKopelman @AllStWealth That’s awesome!
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2025 has been an incredible year for us at @AllStWealth
Here’s a quick recap of 2025:
- 65 new clients added
- 14 clients off boarded who weren’t great long term fits
- 3 new clients signed already for 2026 with 10+ prospects on the calendar for Jan
- AUM growth from just under $20mil to $64m
In 2024, we did about $750k in revenue
Our goal this year was:
- low goal: $1mil
- mid goal: $1.25mil
- stretch goal: $1.5mil
With a ton of hard work, we crushed $1.5mil this year
And are hoping to get to $2mil next year (ARR of $1.8mil right now)
It’s wild how efficient a team of an enrolled agent (he’s also a licensed financial advisor), director of ops, and a lead financial planner can be when we are all in our area of excellence
Let’s keep building!
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Yes it can.
But only when you use it correctly.
THE DIVIDEND DOMINATOR@TheAlphaThought
Net worth of $14M but life is “boring”. Money can’t buy happiness.
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Roughly -$8,200 within a few months.
Leo Invests@Leo_Traydes
With my Size portfolio ~$8,200 How much $ could I generate monthly with options?
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I'll never understand the obsession with owning a home.
Michael Girdley@girdley
"Our son? Yeah, he's not interested in having kids. He and his girlfriend are hoping they can buy their first home soon." "He's 38, right?" "Yeah."
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@BoomerDivvies Endless money down there.
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There’s so much wealth in the Palm Springs region.
We played as guests at a beautiful private club yesterday, $125,000 to join and $40k/yr in dues. 🤯
Then went to their incredible view home in the hills afterwards.
There are many dozens of upscale golf communities down here.
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Let’s have some Friday fun.
You can choose one:
-No income tax for life
-All current debts cancelled
-Free college for kids
-Free 3,000 sq ft house in a decent neighbourhood in your current city.
Which are you choosing?
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I drive a ‘99 4Runner and make my own coffee.
Or does that mean I’m rich?
Ramp Capital@RampCapitalLLC
Tell me how poor you are without actually telling me.
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What % of your portfolio is currently held in cash & equivalents?
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I have never met one person who is successful financially using 0% cards and transferring balances
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@Leo_Traydes Read that second to last line over and over until you believe it.
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I have a good heaping of cash laying around but I’m skeptical to buy anything in a lump sum right now
Most stocks I want are at all time highs
The S&P 500 and the NASDAQ both just set new record highs
I know timing the market isn’t smart
But I’m very skeptical
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Officially broke $1 mil increase in investments year to date. Here is the break down, a bit of messy year with $100k student loan payoff and inheritance $$$ but that's life. How am I celebrating? Working less and no nights.
YTD Change: $1,005,259
Investment Contributions: +$400,000
HYSA Contributions: +$44,353
Inheritance: +$302,297
PLTR Sale (Student Loan Payoff): -$83,246
Total: +$663,404
Investment Gains: +$341,855
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This way of thinking is a good way to ensure you never hit $7M NW.
It’s always pointless to try to out perform the market.
Sure, take some flyers here and there, but actually spending time “studying” stocks with the intent of beating the market is a complete waste of time.
Patrick CPA@BoujeeFinances
At what net worth do you think it would be pointless to try and out perform the market? I think that number is $7M to me.
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@DevotedDividend Sure, if you’re 75.
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$1.7M invested correctly is more than enough money to retire forever... Yes or No? 🤔
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@vrexec Probably true in many cases, but there are people making well over $300k living the lifestyle you describe at $200-250k.
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In my ongoing informal surveys of how much money people are earning… it seems crossing from the $200K/year zone to over $300K is where your life does a total 180.
This is where lifestyle seems to entirely change and requires immense sacrifice, like health, family, stress, personal time, etc.
I know plenty of W2 corporate and middle or back office finance people in their 30-40s with wonderful seemingly stress-free lives earning $200K or 250K. They log off at 5p or whatever… don’t ever even talk about their jobs socially. Great family and social lives.
Yet all the people who’ve punched above $300K in their 30-40s.. let alone higher-achievers earning $400K, $500K+… have been entirely consumed by their jobs (or even their solo businesses) to the point where they’re “always on,” rarely seeing their families, and find it difficult to talk about anything but their work or companies.
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1. Put your family first.
2. Treat others how you want to be treated.
3. Spend less than you make.
What am I missing?
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