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SenseofDollars

@SenseofDollars

Buy assets, limit liabilities. Follow along for more life-changing content.

 👇Valuable Stuff Right Here
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Joined June 2020
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Photo by SenseofDollars (@SenseofDollars)Photo by SenseofDollars (@SenseofDollars)Photo by SenseofDollars (@SenseofDollars)Photo by SenseofDollars (@SenseofDollars)Photo by SenseofDollars (@SenseofDollars)Photo by SenseofDollars (@SenseofDollars)Photo by SenseofDollars (@SenseofDollars)Photo by SenseofDollars (@SenseofDollars)
It doesn't take much to better your personal finance. Think about what the average person does: -Finances too much house -Finances too much car -Don't review spending closely -Eats out/orders take out a lot -Don't contribute enough for full 401(k) employer match Need I go on?
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If you just stick with investing in broad based index funds you will never have to worry about speculating which sector will take off! The beauty is you are automatically diversified. I have a pie with M1 and just invest consistently. m1.finance/NeoSSNhSnrmS
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5 Reasons you should consider index funds and ETFs before picking stocks (#4 might be the most important) 👇👇👇👇
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Unreal to me that... Of those earning more than six figures, 47% reported living paycheck to paycheck.
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I really like this quote... "Spend extravagantly on the things you love, and cut costs mercilessly on the things you don't." -@ramit
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Do I really have to say this? Spend less than you earn.
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Had you bought S&P 500 ETF at the market peak in 2008 (right before a 30%+ decline) and held. Your total return today would be ~263% (9.3% annualized) after just over 14 years. Market timing is irrelevant.
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If you’re investing for more than a decade away, the wisest thing to do is to invest as if nothing has changed.
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Referring to the S&P 500 index. "Keep buying it through thick and thin, and especially through thin.” -Warren Buffet
What society considers risky: - Investing in the stock market - Buying a rental property - Starting a business What society does: - Takes out $100k in student loans - Buys their first $50k “big boy” car - Max high interest credit cards This is WHY most PEOPLE are BROKE.
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Only 22% of the stocks in the S&P 500 outperformed the index itself from 2000 to 2020. #invest #index $VOO and $VTI
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Money is 85% psychology and 15% implementation.
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Dividends are not free money, stop wasting time chasing them. Chase total return and invest more.
Traditional Mindset: Save and invest what is "leftover" after bills, expenses, etc. Growth Mindset: Save and Invest is priority, paying yourself first. Aim to invest 15% minimum, then budget *after* that.
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SenseofDollars retweeted
Brian Feroldi (@BrianFeroldi) profile picture
Brian Feroldi
@BrianFeroldi16 Oct 2022
15 images that will make you a better investor: 1:
Image from Brian Feroldi (@BrianFeroldi)
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Your “friends” hate on you for budgeting and investing because they’re broke and going no where
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Keep calm and invest on
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Stay the course! When you own stocks, you own for long-term anyway don't forget.
Image from SenseofDollars (@SenseofDollars)
"Say you need $55,000 per year to live off of in today’s dollars, but you plan to retire in 25 years. Calculating for inflation, you would need to spend $115,000 per year in retirement to maintain your current lifestyle." #invest Thank you for perspective @moneyguyshow
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Google search: "stock market overvalued 2012” on you can find plenty of stories discussing how overvalued stocks were in 2012. The S&P 500 has since returned 286.32%. Lesson in point.
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“A journey of a thousand miles begins with a step. Challenges may knock you back but they can never knock you out.” @richardbranson
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