💵 IG: @female.in.finance https://xitter.cf/t.co/hBjxJVgl78…

Joined December 2020
Rich people don't buy more stuff. They buy less stuff to do. → A house cleaner so they can play with their kids → A nanny so they can have date nights → A personal assistant so they can focus on what matters → Living closer to work so they don't lose hours commuting
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When it comes to investing, starting small is better than starting “someday.” Here’s how you can start: Month 1-6: Invest $5-$100/mo Month 7-12: $101-$250/mo Year 2: $251-$500/mo Crawl before you walk. Walk before you run.
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That $10,000 emergency fund sitting in your regular savings? It's earning you $1 per year while inflation eats away 3-4% annually. Meanwhile, high-yield accounts are paying 4-5% right now. Stop letting banks profit off your ignorance. Move your money.
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People are so quick to sh*t on 9-5 jobs and glorify entrepreneurship. I’m an entrepreneur. I work 24/7. Nothing is wrong with a 9-5.
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Financial freedom isn't about having enough money to buy everything; it's about having enough that you can say no to anything. Choices and options.
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One of the most expensive things you can do is pay the minimums on your credit card debt.
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A few sentences that can help make you rich: 1️⃣ Use your money to buy more money (buy assets) 2️⃣ Have a 6-month emergency fund 3️⃣ Automate your payments & investments
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4️⃣ Only buy things if you can afford to buy it twice. 5️⃣ Take advantage of your 401(k) match 6️⃣ Choose the right life partner
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Maxing out your IRA may not be as hard as you think. Break it down to $19 daily, and suddenly, retirement planning feels less like a mountain and more like a walk in the park. 👣 Small steps, big dreams.
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🏋🏼‍♀️ Rich girl fit: ✅ Has an emergency fund ✅ Lives below her means ✅ Buys the damn latte ✅ Invests
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$10,000 saved in 2004 would be worth $5,438 in 2024. $10,000 invested in 2004, could be worth $73,281. Inflation is the silent killer. Investing is the antidote 💪🏼.
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One more thing: $10,000 invested in 2004, plus $100/month, could be worth $149,218 🔥
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20s: “I can't afford to invest” 70s: “I can't afford to retire” Plot twist: You get to pick the ending 🎬
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How do I become a millionaire? Me: Invest $500/month for 30 years Them: "30 years is too long" Me: Then invest $2,700 for 15 years Them: "That's too much money per month" *Crickets* 🦗🦗🦗 There are no shortcuts to investing.
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But people will say renting is throwing away money 🙃
As a home owner, I can confidently say that homeownership isn't nearly the investment you think it is. Between taxes, insurance, renovations, repairs, improvements, HOA fees, etc... You're not making nearly as much as you think you are when you sell that house.
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Want to turn your child into a multimillionaire? Here are 4 steps that will take you minutes to set up. 1️⃣ When they're born, open a brokerage account in your name and invest $2,000 in a low-cost S&P 500 index fund like VFIAX or FXAIX
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4️⃣ At 18, gift shares to their name over the next few years, staying under the annual gift tax limit (currently $18,000 for 2024). So how do they become a multimillionaire from only $68,000? Tell them to leave it untouched until retirement. That's it. No complex strategies.
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Leave the money invested in America's top 500 companies and let compound interest work over decades to reach $2.9 million by retirement age. While the U.S. stock market has averaged 11% returns over the last 40 years, these numbers are based on an 8% return.
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My investing strategy may not grab headlines, but it works. Here it is: I invest twice a month (20% of my after-tax income), and I buy the same index funds every time. I don’t time the market, I don’t change up my investing strategy, I keep it simple🤘🏼.
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