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Please like 11 to open dms.
And the rest is history 😅

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Additional Posts in Personal Investment Chatter
Any recommendations for RPA stocks?
If you have cash that you want to invest. Please consider Treasury Series I Savings Bond (Electronic). Interest is 7.12% right now. While it's not guaranteed that the 7.12% will remain until next year, it's still a good deal.
My SO and I just invested 20k (10k max per person even married).
https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm
I just hit $200k NW and it’s been 7 months since I made my post (link below) about hitting $100k NW in Dec ‘21.
I’m just mind-blown since it took me 2.5 years to get the first $100k and it’s snowballed from there. I’ve gone from $82.5k TC to $238k TC plus a $20k appreciation on a house I bought at the beginning of the year
Can’t really talk about finances with friends/family so this is the only place I can share milestones like this haha…we’ll see if I can hit $300k by EOY
https://joinfishbowl.com/post_muypy45qoy

GME and AMC are not doing well today 😂
Looks like stocks are back on sale
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You need to find a balance. You need to have enough to live now and enough to live when you are retired. Not having any money in either stage doesn’t seem fun to me
It is for everyone to figure out for themselves. I have no idea what anyone else values. You can live like a rockstar now and live in a cardboard box later, you can be a miser now and be the richest person in the retirement home, or you can live comfortably now and when you are retired. I like option 3.
I have a coworker that found out she had cancer and died six months after retiring. She amassed all the $$ and did all the right things for a wonderful long life then 💥 BAM!
Now, while I’m lucky to have had my parents and grandparents live to be almost 100, I take into consideration that anything can happen. I refuse to work with toxic people, and found a company where I deeply care for my coworkers. I am fortunate financially that I can max out my 401k and make the max IRA contributions, and still go on at least one major and two minor holidays per year. And overall I hold my mental health and happiness at the highest level of priority.
I would look at your leftover income you have at the end of every month. Let’s say 5k. Say you continue to invest 3.5k of it. With the leftover 1.5k I would advise you be incredibly Intentional with how you spend it. Thank about what would bring you the most joy and spend it there.
That way you get the best of both worlds.
First, sorry for your loss. I hope you’ve been able to spend time with family and friends.
As someone who always saved a ton and invested in 401k’s (the basics), I think it’s important to consider diversifying to the degree you feel comfortable. The market is terrible right now, but many people are “buying the dip” for long term rewards.
Try doing one of those online calculators to determine how much you need to live (basics = rent, utilities, food - home food, not fun food, transportation). Take a look at your prior year bank statements to see how much beyond that you spent (and on what). Then think ahead on any big adventures you may want to take (or expenditures you want to make) and how that factors into the picture. Then make some savings/spending decisions based on actual trips/purchases.
Alternatively, you can take the number you can live on comfortably for one year and divide by 0.04 and that’s what some people call “FU money”… that 4% assumes any money you’re not spending will have 4% annualized growth through investments. That could help give you an idea of what retirement number you’re working toward…
Seems like a very basic approach, but sometimes putting these questions in context of your current life and be helpful to plan what’s next. Good luck!
The podcast, radical personal finance, touches on this a lot. Maybe take a listen. He is balance in joy of life and preparing for your future. Host is Joshua Sheets
Also, I’m very sorry for your loss.