40 something manager sharing all I've learned on the journey to financial independence (FI). FI by 50! Crush debt, build wealth, grow personally, live happily.
New York State, USA
Joined March 2021
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A lot happened in Q2 of 2022. We hit #BearMarket2022 territory in #stocks, the #cryptocurrecy space blew up and we're heading towards a #recession. I share all the money that we lost so that you can feel better about your own situation 🙂.
managingfi.com/2022/07/bear-…
I couldn’t agree more. Ironically, I didn’t figure this out until I started writing. Which I resisted starting because I didn’t think I was a writer.
Start writing and over time you’ll figure out if you’re a writer.
Writing isn't what you do after you have an idea. It's how you develop an inkling into an insight.
Turning thoughts into words sharpens reasoning. What's fuzzy in your head is clear on the page.
"I'm not a writer" shouldn't stop you from writing. Writing is a tool for thinking.
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Why are you trading your time for money? Are you using your money towards a future with more free time (saving/investing) or less free time (spending) because of your decisions?
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For those looking to build a following or audience for a business I found this incredibly interesting and useful. They even had a shout out to Cody at @MeasureTwiceMNY for his work with the FI crowd. Great episode.
Kitces & Carl Ep 90: Standing Out On Social Media By Finding The 'Minimum Viable Audience' kitces.com/blog/standing-out… @behaviorgap #Advicers #SocialMedia #Marketing
ManagingFI 🇺🇦 retweeted
Dave Ramsey blocked me.
To celebrate, I opened a new credit card and bought a $10 coffee from Starbucks.
A great read about motivation and happiness.
A long post about the two big lifestyles you can choose from, and a crazy 1968 sailing race that left one competitor dead and the other happier than he'd ever been.
collaborativefund.com/blog/l…
A year ago my trash bill was $67 for 2 months. Now it’s $85. $12 of it is an “energy fee”.
A 27% increase. In a year.
Inflation on top of a short term energy spike at work.
Anyone else getting energy surcharges?
Another day, another crypto platform halting withdrawals.
#vauld #crypto1929
We've strived to be an excellent crypto lending platform. This has been our goal from day one. We’re committed to finding the best resolution for our customers.
A message from @darshanbathija 🧵
$BTC is down 71% since it’s ATH and 57% in Q2 alone.
Make sure that your portfolio is allocated so that you can handle the volatility and risk associated with whatever you’re invested in.
Crypto is 1% of my portfolio. It makes these drops easy to handle.
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Another day, another crypto company halting withdrawals. Would you ever trust them again if they survived? I wouldn’t.
#voyager
ManagingFI 🇺🇦 retweeted
This week's Plutus Awards Weekly Showcase features
@esb_FI
@ManagingFi
@HarrisCashCoach
@sst_gary
@MoneyByLisa
plutusfoundation.org/2022/pl… #lifeinsurance #giftcard #financialplanning #invest #retirementincome #plutusimpact #MONEY
ManagingFI 🇺🇦 retweeted
The average price of a new home in the US is now over 10x higher than per capita disposable income, the highest ratio in history.
Charting via @ycharts
I wouldn’t buy a car right now if you can avoid it. Values won’t increase forever.
If you must buy a car and aren’t putting much down PLEASE make sure that you have gap insurance.
This will pay off your loan in full when your car is totaled even if you owe more than it’s worth.
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Target date funds are a great way to get into investing. But do they work as you approach and get into retirement? I explore the pros and cons of these fund of funds in the different phases of investing.
managingfi.com/2022/06/targe…
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