ManagingFI @FiManaging
Please join the active account for my blog @ManagingFI. managingfi.com Joined December 2020-
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Emergency Fund: Part 2 – Where to store it? ift.tt/3thN2Q7
How do you implement an emergency fund? I use a traditional savings account, HYSA and a brokerage account but there are MANY options. Read about them here: #personalfinance #saving managingfi.com/2021/03/emerge…
Remember, a rocket uses the same amount of fuel for the first 200 miles as it does the next 2,000 miles All the work goes into building momentum
Don’t be like Stanley. Wealth is what you don’t see. #debt #FinancialFreedom youtu.be/r0HX4a5P8eE
@MoneyJrod ...and you go to Instagram to see how others have already lost their money?
@avon851 @AdamShoup The more principle you have, the more compound growth you get. $50k @ 7% growth becomes $100k in 10 years. $100k @ 7% becomes $150 in 6 years. $1M @ 7% increases the same $50k in 9 months.
@yacksman @AdamShoup Agree, it's an important thing to have. I just wrote a detailed article on how to calculate what you need in a lost income situation (the worst thing for most). managingfi.com/2021/02/emerge…
@MoneyJrod I would disagree when it comes to real estate investing. I think it’s foolish to not use financing for a rental.
Emergency funds are often talked about as a must have, but how much money do you need? I dig into the details to help you figure that out for yourself. #emergencyfund #personalfinance #FInance #emergency #FI managingfi.com/2021/02/emerge…
@Myfirstmillion3 In gambling the odds are not in your favor. In investing, they are.
@moneyisboring I’m going to write an article about it in March when I do my first transfer. I’ll go into detail how everything worked for me. It’s pretty incredible if your 401k allows for it.
@robertgriker No worries. Sometimes the fingers get ahead of the brain!
Mike Tyson made almost $700 million. Today, he's worth about $3 million. Lindsay Lohan earned about $28 million. Today, she has about $800,000. Dennis Rodman made over $27 million. Today, he's worth about $500,000. Choices are more powerful than income.
Don’t collect stuff, collect skills. Invest in yourself not just your retirement accounts. The returns also compound.
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