In 2 years went from $0 to a six-figure net worth. By the age of 35, I grew it to seven figures. Now I’m sharing what I learned. Want to learn with me? 👇
Joined July 2020
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🔥 My Retire Early Plan 🔥
Retire @ 50
- How I plan to leverage my retirement accounts early
- How I plan to incorporating my brokerage account
//THREAD//
Why should you care?
Simply put because it gives you a better view of how much money you’ll have on a month to month basis.
Understanding how far
$100k
$200k
$500k
$1M
…
Goes when you need it to last 20-30 years goes along way.
Many will say move to an IRA.
Consider:
-401k existing management fees
- fees of the funds you hold
- do you actually wanna change the investment?
- will this disqualify you from future backdoor Roth IRA bc of pro rata rules? (Assuming traditional 401k moving to traditional IRA)
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Roger at UPshot Wealth 🚀 retweeted
During the hot market in 2021:
- 401k
- HSA
- IRA
- Brokerage
During the fugly market of 2022:
- 401k
- HSA
- IRA
- Brokerage
Stay the course
Roger at UPshot Wealth 🚀 retweeted
The 2 most important financial keys to my success.
- Never carry CC debt
- 3mo emergency fund
Investing is in 3rd place.
Why?
Because you need to build the foundation first.
The 2 most important financial keys to my success.
- Never carry CC debt
- 3mo emergency fund
Investing is in 3rd place.
Why?
Because you need to build the foundation first.
Has the market going down paused you from investing?
9%Yes
74%No
16%Show how many clicked Yes
43 votes • Final results Roger at UPshot Wealth 🚀 retweeted
S&P 500 annual returns:
2017: + 19.4%
2018: -6.2%
2019: +29%
2020: +16.26%
2021: + 27%
If you don’t like the US economy at it’s worst, you don’t deserve it at it’s best🇺🇸
Roger at UPshot Wealth 🚀 retweeted
This kind of market volatility gives you a unique and rare opportunity.
Think about your portfolio and write down exactly how you feel.
That is your true risk tolerance.
In investing, there is no knowledge more important than that.
It was an absolute pleasure working with @BestInterest_JC and all the other authors on this book!
If you haven’t taken a look at all the amazing topics go check it out below!
👇👇👇👇
Personal finance and investing is a complicated mix of dozens of topics.
That's why I approached 30 expert authors and asked them to write a chapter in Money Mastermind 🧠
Now with over 1000 copies sold 📚
Check it out below 👇
moneymastermindbook.carrd.co…
Happy Friday!
Love seeing my timeline with these rockstars:
@BestInterest_JC
@yourfriendandy
@UncommonYield
@rinkydoofinance
@Budgetdog_
@Kyle_401k_Maxi
@SilverStateFI
@theficouple
@StephenWealthy_
@Chadmoneymatter
Roger at UPshot Wealth 🚀 retweeted
Crazy part about the wild swings in the stock market (S&P 500) over past 2 years?
With dividends reinvested, the market was +28.71 in 2021 and is 🔻12.42% in 2022
Averaged out, that's an 8.1% annual return
8% returns is never a linear path, it's filled with turbulence
