Great read, Jonathan. It's often said in order to invest successfully you need to set a thesis with goals on future returns and what that money will be needed for. Retirement, purchase a home, kid's college etc... That is all well and true. Sometimes however it just comes down to your last sentence, "but knowing my portfolio continues to grow leaves me with a warm, fuzzy feeling of financial contentment"
Great read. Interesting how your current situation correlates on the opposite side with your kids. My Fiancée and I just bought a condo from an owner that rented it out. It wasn't in terrible shape, aside from some unwanted items left behind. Our future plans with our place are wide. We could rent it to someone and purchase a single-family home. Or keep it and buy a vacation home to rent out when we're not there. And of course, we could just sell. Your last paragraph is true with us currently. We have many friends that rent places similar in size and amenities whose rents are significantly higher than our mortgage plus association fee.
James, great relatable read. I'm in my mid 20s and would consider myself frugal and financially conservative. Your point on the expensive dinners and vacations rings true for me. My fiancée and I enjoy trying new restaurants and breweries. Although not expensive on the surface, it adds up quick. A strategy that helps us is the classic Warren Buffet line: "Don't save what's left after spending, spend what's left after saving"
Juan, interesting first hand account on real estate investing. This is something I'm interested in once I'm in the right position. How many properties do you own? And, what is your criteria in terms of a potential return (mortgage vs. rent cost)?
Criag, relatable and inspiring article. I very much enjoy my day job. However, it's fun to have projects on the side that are enjoyable and generate some extra income.
Hi Richard, very interesting read. I had an eclectic college economics professor who really preached on points 1, 3, and 5. He was adamant he could prove your third point right. I'll admit, outside of headline news I really don't pay attention to social security, being in my mid 20's. I remember getting my first paycheck as a teenager and being baffled by the subtractions from my gross earnings. To me, your second point is the most intriguing.
John, great article. Strong takeaway's for me as an individual in my mid twenties getting married this summer. I think the most valuable takeaway of all is just do it. Its not hard to accumulate wealth if you use the tools at your disposal and put in some effort.
Hello, The site I go to does not provide the 1099 form. However, this would still be reportable income under a 1099-misc if the individual made over $600.
Hi Bill, Thanks for the response. I recently re-watched Band of Brothers and this was a sticking point with me. Plasma is used in multiple scenes. It was not something I was aware of until I researched the topic more.
Comments:
Great read, Jonathan. It's often said in order to invest successfully you need to set a thesis with goals on future returns and what that money will be needed for. Retirement, purchase a home, kid's college etc... That is all well and true. Sometimes however it just comes down to your last sentence, "but knowing my portfolio continues to grow leaves me with a warm, fuzzy feeling of financial contentment"
Post: Got Change?
Link to comment from February 27, 2023
Great read. Interesting how your current situation correlates on the opposite side with your kids. My Fiancée and I just bought a condo from an owner that rented it out. It wasn't in terrible shape, aside from some unwanted items left behind. Our future plans with our place are wide. We could rent it to someone and purchase a single-family home. Or keep it and buy a vacation home to rent out when we're not there. And of course, we could just sell. Your last paragraph is true with us currently. We have many friends that rent places similar in size and amenities whose rents are significantly higher than our mortgage plus association fee.
Post: Through the Roof
Link to comment from February 23, 2023
Thanks for the response. Thats a pretty solid plan!
Post: When Bubbles Burst
Link to comment from February 17, 2023
James, great relatable read. I'm in my mid 20s and would consider myself frugal and financially conservative. Your point on the expensive dinners and vacations rings true for me. My fiancée and I enjoy trying new restaurants and breweries. Although not expensive on the surface, it adds up quick. A strategy that helps us is the classic Warren Buffet line: "Don't save what's left after spending, spend what's left after saving"
Post: Where Value Ends
Link to comment from February 17, 2023
Juan, interesting first hand account on real estate investing. This is something I'm interested in once I'm in the right position. How many properties do you own? And, what is your criteria in terms of a potential return (mortgage vs. rent cost)?
Post: When Bubbles Burst
Link to comment from February 17, 2023
Criag, relatable and inspiring article. I very much enjoy my day job. However, it's fun to have projects on the side that are enjoyable and generate some extra income.
Post: Not Dad’s Retirement
Link to comment from February 17, 2023
Hi Richard, very interesting read. I had an eclectic college economics professor who really preached on points 1, 3, and 5. He was adamant he could prove your third point right. I'll admit, outside of headline news I really don't pay attention to social security, being in my mid 20's. I remember getting my first paycheck as a teenager and being baffled by the subtractions from my gross earnings. To me, your second point is the most intriguing.
Post: Myths That Won’t Die
Link to comment from February 16, 2023
John, great article. Strong takeaway's for me as an individual in my mid twenties getting married this summer. I think the most valuable takeaway of all is just do it. Its not hard to accumulate wealth if you use the tools at your disposal and put in some effort.
Post: A Path to $10 Million
Link to comment from February 13, 2023
Hello, The site I go to does not provide the 1099 form. However, this would still be reportable income under a 1099-misc if the individual made over $600.
Post: Seed Money
Link to comment from February 4, 2023
Hi Bill, Thanks for the response. I recently re-watched Band of Brothers and this was a sticking point with me. Plasma is used in multiple scenes. It was not something I was aware of until I researched the topic more.
Post: Seed Money
Link to comment from February 4, 2023