Finance Guy

Investing $600 monthly into the S&P 500 is all you need to do to become a millionaire. There’s no excuses for anyone not to retire a millionaire.

People want house prices to be the same as what boomers paid in 1980, but they don’t want to buy the same house that people bought in 1980. Today people want 2,000sq ft homes with open kitchen designs, 3 bedrooms and 2 bathrooms. Back then people were happy with 2 bedrooms a…

Hot take: most Americans can afford to purchase a home. They just can’t afford to purchase a home and take three annual vacations, drive a brand new car and go out every weekend.

Total return since 2020: $VOO: +109% $SCHD: +79% If SCHD has a dividend yield of 4% then the S&P 500 is outperforming by 7.5 years of income. Focus on Growth > Income

All it takes to become a millionaire is for someone to invest $500 - $1000 per month into the S&P500. Why aren’t more people doing this?

If you have enough money to make a $600 monthly car payment you have enough money to invest and become a millionaire.

S&P 500 Gold Bitcoin Those are the foundations to an investment portfolio. After building a strong foundation it’s okay to take some high growth risk.

Paying off debt will give you more money to enjoy freedom. Do everything possible to become debt free — it’s the best way to live life.

Dave Ramsey offers the best financial advice for most people to follow. Someone following his advice will end up being 60 years old with a paid off house and million dollar retirement portfolio. That’s a pretty good scenario for a lot of people.

The median household net worth in the United States is $192,000. Don’t be fooled by people on the internet that say $1 million dollars is not a lot of money — that’s life changing money.

My biggest financial accomplishments by the age of 30: • Reached a net worth of $200,000. • Paid off all of my consumer debt. • Purchased my first home. I’m excited to see what other financial goals I can accomplish while in my thirties.

I’ve got about $4,500 in cash sitting in my brokerage account. What stocks should I buy with this money?

Today is my 30th Birthday! 🎉 What financial advice would you give me to follow for the next twenty years?

The less debt someone has the more freedom they have to take risks. Someone is more likely to stay invested into the stock market or find a new job if they’re debt free. The freedom of being debt free is unmatched.

Over a 20-year time period an average investor had less than a 3% annual return — compared to 8% from the S&P 500 This is exactly why most people are better off buying $VOO and paying off debt before investing.

Glad I sold some of my $GOOGL call options yesterday. Hopefully I can sell the remaining amount tomorrow before losing all of it.

One year returns: $VOO: +14.8% $SCHD: +4.1% The S&P 500 is outperforming by over two years of dividend income.

From 2020 - 2024 I was able to turn my $25,000 investment into nearly $200,000. Now I’ll be growing my $10,000 portfolio to $25,000. The best part is it will be all tax free.

1. Pay off all consumer debt smallest to largest. 2. Invest at least 15% of your income into index funds. 3. Stay employed and avoid consumer debt. These are the three basic steps anyone needs to succeed financially — it’s not complicated.

Once you reach $100,000 invested into index funds it’s okay to start taking some more risks. I’ve built a solid portfolio foundation and now I’ll be taking on more growth opportunities. What stocks should I buy with my $10,000?