I don’t think I have enough saved (80-100k) to justify a financial advisor. But I also was never taught/learned about money management and planning. Are there any good resources or books in which I could learn about how to invest in my retirement?

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YouTube! Graham Stephen is a great place to start. Listen to what they have to teach and apply what you believe and fits with your values, lifestyle andgoals.

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Thank you! I will check both out

1. Read “Simple path to wealth”
2. Read “I will teach you to be rich”
3. Follow @personalfinanceclub and @savemycents on Instagram
4. Agree - check out YouTube videos from graham Stephan

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The “I will teach you to be rich” is a book I got on Audible and they offer a site to reference the visuals. Honestly, get some hardcopies too...$20 bucks for books will help you grow your wealth for the rest of your life

And while you brush up on your skills buy an S&P500 index fund on vanguard. Maybe limited upside in the short term though with the historic increase in stocks.

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Let it sit. Compounding is your friend. Most of what I hold is VOO and VTI.

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R/personal finance has a very extensive FAQ and wiki

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Wow very helpful thank you!

Ben Felix on YouTube

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Thank you!

If youre into podcasts I recommend "How to Money" for personal finance.

If you want to get into trading stocks I recommend the podcast "Rule 1 Investing"

And before you call me a nerd for being into podcasts they truly are an amazing way to learn while driving or while working out.

Yesss millionaires unveiled is a really good one!

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Have you calculated how much total tax you pay each year? Last year I made $185K and paid $68.5K in total taxes, which includes federal income and payroll taxes (social security and Medicare) and state income tax. 37% of net income went to taxes. How much in taxes are people paying?

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Does the $125k cap on the student loan forgiveness apply to money earned this year (2022) or last year (2021)?

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Reg 2019 yet anyone? Did you notice any testing on qualified business income deduction?

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Anyone getting into any straddling or interesting investments in the crypto space as more tools pop up?

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What is the best way to find a mentor for your personal ambitions and financial/investing goals?

To clarify, I graduated college in August, I just started my full time job, and I own/operate a business I started in my Junior year of college. I am eager to work with someone that can guide me when it comes to growing my income(both short and long-term) as a full-time employee, entrepreneur and aspiring real estate investor.
I understand this may be too vague, but any tips/insight is appreciated

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Is 5.5 good mortgage rate in current situation for first time purchase? Any predictions on future loan rates?

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For folks at EY- I have $1k in Roth IRA. Which investment would you recommend keeping independence in mind?

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What’s your credit card line up and why? I’m shopping around for new cards to maximize points for travel and hotels.

Currently have the Amex Platinum, Amex Gold, Amex Hilton Surpass, and an American Airlines card.

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If I switched firms within 3 weeks can I still get an AMEX at the new firm or do I have to wait?

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How to learn about investing in stock market? Could you suggest a book or a website or a YouTube channel. Thanks

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I have $20k in savings, I owe $6,000 to my 401k loan, that’s the only loan I got. I am debt free otherwise except for my house. Should I use my savings to pay off? Since people are talking about unemployment and being fired, I wanted to make sure I have enough, 👩🏾‍💻... What should I do? I initially took the loan to add to my home equity when I sell my house for a new house then covid hit.

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This is a good year to boost capital loss numbers. How many folks are specifically selling down funds for the sake of piling up capital losses?

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Nasdaq 100 just traded a HWB short this morning and is selling off from it. If there is one thing that can help the market through the range, this is it. Bearish on NQ below 9594.75.

Post Photo
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Hi All, I am exploring a contract position and they are offering the below. As I am new to contracting, Please suggest which one is better Option 1: $70/hr on W2
Option 2: $80/hr on 1099
I live in the Bay Area, CA if it matters.

Thank you so much !

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Home office tax deductions. Any tax experts know if this possible even though I have an EY office in my city. I am on the road 90% of the time with 10% at home.

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Does anyone have an Individual/Solo 401(k) for their personal business?
Are you doing the mega back door strategy?
If yes, what’s your plan provider?

I’m looking to set this up for my wife’s business but haven’t found a good one that offers the option for voluntarily after tax contributions with in-plan Roth conversion.

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Ye dukh kahe nhi khatam hota 🥺.

Oracle shares going down ....
Oracle

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I have a property in NJ that I am looking to sell. Considering non-traditional realtors like Redfin. Anyone here have experiences/learnings to share? Do you know of other firms like Redfin?

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Interesting investment opportunity with PSTH. Biggest SPAC with Tontine warrants. In short, for every 9 common shares you buy and hold through the merger, you get 2 shares priced at $23. The price right now is $26. I would get in and gradually increase by a multiple of 9 and hold until at least Dec 2021

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What is AG shift in the IBM? What shift time in IST can I consider here?

Thanks

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Has anyone here found success as a marketing consultant? I’m interested in one day becoming one and I’m curious what the timeline and type of experiences I should expect to go through before getting there.

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Preferably in Victoria, British Columbia

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Best way to get a consulting job in the U.S?

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Hi all, me and a colleague want to party in Dubai tonight, any recommendations? Already know about B018 but apparently they only take mixed groups

Good Afternoon, I just recently found an Opening as a Customer Success Manager with VMware and I’m looking for a referral. I can share my resume through DMs. Thank you for any help!

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About one week after I started my first job in industry, my boss told me that my role was wrong during the selection/hiring process, and asked me to change it in my job profiles. I had no idea about the differences between the roles. Some time after that, I discovered that my correct role was in fact one level lower than the one stated in my job offer/contract. Is this legal? I feel like I was fooled by the company. I live in the UK.

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As an egalitarian, I can't support HeForShe until they recognize the violence and discrimination issues affecting men and boys. #WeForUs

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Where can I raise a family in the NYC area that’s not suburbia and still accessible to Hell’s Kitchen/times square area (spouse’s office location)?

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Additional Posts in FIRE Financial Independence Retire Early

Have you calculated how much total tax you pay each year? Last year I made $185K and paid $68.5K in total taxes, which includes federal income and payroll taxes (social security and Medicare) and state income tax. 37% of net income went to taxes. How much in taxes are people paying?

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What’s a good budget for a king size mattress? $160k salary if relevant.

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Does having a credit score between 750 - 850 play a huge part in buying your first property/getting approved for lower rates?

Is that something to strive for?

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Knowing that the point at which you switch from Roth 401k to traditional 401k is typically a calculation of the income you forecast you’ll draw down in reticent, at what salary are you/did you switch from Roth to traditional 401k? I’m making $100k now and thinking about making the switch soon.

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Has anyone bought a house in pre foreclosure for investments? How do you assume possession of their loan? Do you have to go to the bank and qualify for it or just sign? Also, is there a way to see how much in fees and backed mortgage they owe?

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How much money do you guys give for weddings?

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When switching to a new company, what's my leverage to asked to be paid via my (S-CORP) incorporated company, by 1099?

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Hit my FI number today with the stock run up. #grateful2021!

likeuplifting

Made a profit of $100k. Got the cash a few days ago and haven't spent a dime on celebrating. I have become serious about the FIRE.

likeuplifting

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I want to put some money in crypto..set it and forget it. I dont have any right now. I got a big 25k bonus so wondering how to do this. I dotn want to do crypto on a regular basis. Just one time so I dont feel I missed the boat. How much would you put in if you were me?

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$230k HHI, just bought a $700k house with $54k down, 5.25% interest rate. I’m terrified. Should I be terrified? ~200k NW mostly in real estate, 32 y/o

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Hi,
28 with about only 30k saved till now. Have worked 2.8 years and I feel I’m so behind. I’ve tried to save on everything possible but my family commitments make me feel I will never be able to retire - I make 95k a year and started at 82 base and 14k sign on in 2019. From 2019-2020 I had to help a family memes out of debt (approximately 30k). I started saving more aggressively in 2020 but then realized I’ll have to support my dad who’s business went under (1K every month-he’s in India so low

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