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Tagged With "write my essay"

Tagged With "write my essay"

  • Stock Market Investing
    I had began the process of opening an account roughly 3 weeks ago and I have waited patiently for my account to be reviewed and accepted but it has yet to be approved. As I was browsing market news I came to an article stating the state of Massachusetts filed some grievance and I also read the SEC has dinged Robinhood for $65M. Is it over for Robinhood? Or will they find a way out? Share your thoughts.
  • Topic Reply
    Pretty basic info but book did give some useful websites that are handy rather than having to Google them. Buying a few stocks, starting off small but let’s see where I am next year. I’m a Christian so tithing is my 1st investment
  • Retirement Planning
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    I am. (Well my wife and I) Our short back story: We aren't wealthy by any means. But, my wife and I were having a discussion and ultimately came to the conclusion that we both are on the same page with respect to not working until the US recommended retirement age of [65-67]. We are in the mindset that It doesn't make sense to potentially waste prime years of our lives working in hopes of enjoying retirement without the assurance we will have the necessary [health or wants]. We prefer to...
  • Welcome - Start Here & Introduce Yourself
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    Hey! I’m Dashanera. Been following this channel for a while now! Love learning about money. Especially personal finance. I also enjoy reading, movies, games, and good food. Hope to keep growing on my journey.
  • Book Club
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    I just began my literary journey into investing and have read the following: Richest man in Babylon The Bogleheads Guide to Investing One up on Wall Street The Science of Success I am currently reading The Intelligent Investor, but was wondering how many books regarding investing or personal finance you read on average, say, every month, quarter, or year? Feel free to drop book recommendations, especially those along the lines of fundamental and value investing, or any other resources you...
  • Starting A Business/Side Hustles
    Hi Everyone! My name is Krysty. I am new here. I am determined to become financially healthy and stable. So I have a question.As a non-US citizen, If I am planning to leave the US, and go live in a different country, should I register my online business in the US? Thank you for the insights
  • Welcome - Start Here & Introduce Yourself
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    I ran across the Minority Mindset videos and really like the message. I'm trying to get more of my family and friends engaged in understanding the right and wrong ways with using money/credit, etc. Thanks for making these videos, the way you convey your message is excellent. I look forward to engaging in the group talk and continuing to learn from others. Never be afraid to ask for help!
  • Retirement Planning
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    Hey all, I am new here. however I have been reviewing and listening to the topics for a while. What I am having difficulty on is this: 401K is pre tax dollars. Any investing money after you get paid is money that has been taxed. Shouldn't the best advice be for retirement planning to max out your 401K contributions before thinking on any other long term investing with after tax dollars? Max out means contribute a full $ amount you are allowed per year, which includes you employer...
  • Topic Reply
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    Hello, I too am also trying to retire early. I also do not want to wait till I am 65 to retire and not have the energy as I do now to get around and travel. I see you have a great list here. However, for me what has worked the best is real estate. This brings in passive income from 3 properties. I have paid one off at the end of last year. Now all profit. Even though I want to buy another one for me to live in, I do not think its a buyers market with the influx in prices. I will wait it out.
  • Topic Reply
    Hello @Nathan_Gregory What I did was talk to 2 realtors at the same time (Without them knowing). I wanted to know who was more transparent with me with the whole process. After I found out who was more informative/transparent I chose them. Along with feeling comfortable with them. Also did a lot of googling so I would not get fooled. Or at least try to minimize those possibilities. Also, cant go in blindly into this process. Also, once you are qualified, the realtors will obviously try and...
  • Topic Reply
    Hello @RP I had the same thought process, but I took the other route of just paying off the home. I thought this would best fit my case to produce more ROI to buy another home and have a lower debt to income ratio. Also, this would open more doors for me to cash in on the full amount of $$ from this rental. Also, to not end up paying triple for the house after the 30 year. You can also do what @Nathan_Gregory mentioned and refi to lower interest, BUT still pay the full price that you were...
  • Topic Reply
    you both touch on a point: invest in 401K as much as your employer matches is the general advice. Tend to agree, however there are additional options to continue on 401k without matching. Something else mentioned is the idea of taxable retirement income vs non taxable (Roth). So thinking this is my action plan: In my circumstances I am past the beginning steps: 2k emergency fund, 8 month expenses liquid savings, no student, car or CC debt, no debt at all till I buy a home. 401K up to...
  • Topic Reply
    @Nef I first bought a single family home (all 3 are). Honestly I was more forced to buy this since I did not qualify for much and having a truck payment did not help out either. However, my agent did recommend this area and the house value has gone up almost 300%! So in short, I qualified for so little and that was in my price range. This was in 2011 when I got the house for 83K =)
  • Topic Reply
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    Great topic question, I will bite: As you go down the rabbit hole of researching the topic of 'Getting Out of Debt' you will surely find that there are a few approaches to consider yet, the conclusion will be that the path chosen is simple to understand but very hard to stick to. My recommended approach to tackling debt while not having enough means (low income) are as follows. 1. Know Your Numbers: You have to know how much money is coming in and how much money is going out. Have a record...
  • Saving Money
    Hello all, here's a bit of a deep seeded question so I'll give a little back story to help clear up some details. I recently had to sell my house and find a new job due to the pandemic, the job I found is great, and even pays more than my previous one. The downside, it's in an area that houses are way above my ability to offer. I'm the soul provider for a family of three and we found a place to rent that we can easily afford and save money while doing so. With the sale of the house we have...
  • Retirement Planning
    I have Life Insurance and a Roth IRA. My advisor keeps pushing Life Insurance as an investment opportunity. After doing some research this seems to be a terrible idea. I want to 1. confirm I am correct and 2. ask the group's opinion on putting money into my Roth IRA on a monthly consistent basis?
  • Topic Reply
    No I didn't read that but it is in my list, I saw it on "Christopher Voss" Wikipedia page, and now you about to read to not, it's mean I must have to read it, Christopher did a great job by creating a wiki page, Create your own Wikipedia Page is the way by which we can reach people who are too far to reach us
  • Stock Market Investing
    I have a couple of dollars; and would like to invest in Mutual Funds (my RRSPs) and a bit in stocks. I am very new to investing. How do I go about it.
  • Taxes
    I am facing a tax issue, but let me preface it by saying this is a good problem to have. I have been blessed to see some massive gains in one particular stock I hold in my portfolio. My plan is to use these gains to completely pay off my mortgage (I told you they were massive) which will be liberating on a level that I cannot explain. The small issue (good problem) is that this will lead to a huge tax liability and possibly push me into another tax bracket. I have held the positions longer...
  • Welcome - Start Here & Introduce Yourself
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    Hey everyone, My name is Alex. I have been following Minority Mindset for close to 2 years now. I have so much respect for Jaspreet and the entire MM family. Looking forward to great interaction within this community! Make it happen!
  • Saving Money
    Hi all, I currently have a 3.125% mortgage and was looking around at refinancing rates. I was offered a 2.5% for a 20 yr fixed rate (currently have a 30 year (1 year into the mortgage). I know that you shouldn't consider if the new rate unless it's at least a 1% drop in the rate, but will shaving 9 years off of my mortgage make it worth proceeding? Thanks!
  • Stock Market Investing
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    What is recommended for starting kids saving money while investing in the stock market? Since the market gives better returns what platforms are best?
  • Welcome - Start Here & Introduce Yourself
    Hello all, My name is Shawn, I just recently started following Jaspreet and the Minority Mindset. I am new to all of this basically and look forward to learning how to grow my wealth. Long Game FTW!!
  • Welcome - Start Here & Introduce Yourself
    I'm older and just trying to catch up after raising my children singlehandedly for almost 30 years.
  • Real Estate Investing
    I am older and came into a small amount of money. I would like to buy an investment property so my children can have some wealth. I currently rent and the location of the potential properties are not in my state. Does that matter as it will not be my primary residence Should I buy a fixer upper and try to get a loan for the renovations or just buy a house outright with no repairs needed but it costs more? I know I am leaving out a lot of details but I hope this is enough to direct me on the...
  • Topic Reply
    Also, the FREE tax programs I mentioned in my previous post are always looking to find new volunteers and they provide FREE tax training where you will likely learn a few more hacks to save money on taxes, as per your opening question. Having gained experience completing taxes will look good on a resume too if you are looking to pursue a career in business or finance. Lastly, but equally important, it will also give you a great feeling at having helped others who may not be in as stable a...
  • Topic Reply
    Thank you so much for your help. I was looking at distressed properties in which I would be paying cash. I thought the money I had was enough but I see that there really is no way for poor people to get ahead. I have some stocks but I wanted to give my money an actual chance to grow for my children. A rental would give my children "passive" income and pass on to any potential grandchildren. My rent is 4 figures and is actually inexpensive for where I live. I tried to buy a home years ago...
  • Topic Reply
    Joede, Never give up. There is no question that the best way to get rich is to have a rich parent who can give you a leg up. But if you have the desire, and the will, you can improve your situation. I think Minority Mindset really captures a lot of it. A lot of people overspend, and Jaspreet spends a lot of his effort trying to convince them not to. But it's hard. I personally am an overeater, but eating and spending are similar in the sense that you can't go cold turkey -- you have to eat,...
  • Topic Reply
    Thanks for the thorough evaluation with some numbers to support it. You offered a lot of info which I appreciate. I think the interest over the next 30 years compared to the tax liability for this one year makes it clear. I have decided to sell off shares each month to pay off the mortgage by year's end. I am also setting aside a portion of the proceeds for taxes due next year. This will be a huge milestone for me and increase my monthly cash flow in order to start new investments. Thanks...
  • Topic Reply
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    The following context really helped me to frame how I view life insurance vs. retirement: Life insurance is way to ensure security for your family in the eventuality of your dying. Retirement savings is a way to ensure security for yourself in the eventuality that you stop working (i.e. your primary income stream stops). Thinking about it in this context, life insurance is obviously not a a great investment vehicle for yourself, but perhaps a great one for your family when you are gone.
  • Topic Reply
    Thanks for the reply. You make several great points. I definitely don't want a fall in the stock price to spoil my plans. I have already seen some correction. I have decided to sell off shares each month for the next several months and retire the mortgage by year's end. I am offsetting my tax liability by increasing contributions to my traditional 401k and 457b plans. I really appreciate the sound advice. I will post back here to let you know how it turns out.
  • Real Estate Investing
    Wife and I are researching properties for Airbnb in FL, and my wife stumbled on an article that stated if property is purchased you cannot rent it out. Like many subjects there is always more when you dig in further, is this in some areas and not others? How much truth is there to this? Thanks for reading and engaging.
  • Real Estate Investing
    These days everybody says take advantage of the low-interest rate, but is it really an advantage if I want to pay off my mortgage in 10-15 years? in my situation, I have to take 100-150k more in mortgage to compete in the current housing market... Also, the home prices have increased almost 20% ... ... low-interest-rate increased buying capacity but in most cases not giving you an option to buy the house you like. So you will be paying a premium for average properties... Please share your...
  • Welcome - Start Here & Introduce Yourself
    Hello all! I feel that I am finally near a point in my life where things are pretty comfortable and I am glad to find resources like this community to help inspire me to stay on track and make it the rest of the way there. Growing up my parents never had much but they had their own business and I think as a result I always had a strong work ethic and never really developed a taste for fancy. My mindset was that I could advance myself by working really hard (at one point holding 3 jobs) but...
  • Topic Reply
    I realize there is a desire to β€œget those rich guys” but reality is the super wealthy will find another shelter. The scenario described is actually pretty scary for this reason: My mother in law lived with her husband in a San Francisco home they had for nearly 40 years before his passing and him being kind of the traditional guy from his era had the home in his name only. Their only income was social security but that was fine as the house was paid for decades ago. Without the current...
  • Topic Reply
    I think some will return to as they were but not all. It will vary by the demands of a given profession, individual work habits, and company culture. In my profession we found that not only could we work effectively remotely but our team was actually more efficient so my employer has already told us they plan on cutting back office space and keeping us remote. That leaves me wanting to do more to make my home office a better work environment. However there are no longer any tax breaks I am...
  • Welcome - Start Here & Introduce Yourself
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    Hello my name is Josiah and I am glad to be a part of this group. I have been watching the youtube channel for some time and now I am looking to start implementing the things I've learned into m life
  • Welcome - Start Here & Introduce Yourself
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    HI all my name is aka El Jefe. am in my 30 with the desire to fix the shtt i made in my finance and hope that i could retire comfort ly
  • Starting A Business/Side Hustles
    I am one for those cliff hanger spenders, spending what I don't have But here is the twist I help people , I take care of my family Thats why I do with my paycheck So it justifies my spending right ??? I guess not cuz I have been working all my life and I don't have a savings or any investments I have a pension plan and a life insurance but thats about it Nothing liquid And I am down to one source of income So I am here to learn and I am open to advice and mentorship I am also greiving so...
  • Retirement Planning
    I have a question. I have a Roth401 that i contribute 15% every week to from work that is taken out after taxes. I am also Investing 15% out of my net pay every week. I guess my question is, should I roll my Roth over from Merrrill into M1 Finance and keep everything together, or leave it as is? Thank you for any help that can be provided.
  • Welcome - Start Here & Introduce Yourself
    I regret not taking financial acumen and planning more seriously. That means I didn't prepare my children either. I'd hate for them to become as financially lazy as I have become. I'm behind and I know it. I'm in my last year of being in my 50's. Is it too late for me to "invest" and help myself out when I stop working for others in few years? Your advice is welcome and appreciated
  • Topic Reply
    I have pension and life insurance ,I just want extra money for everyday life you , vacations etc , be able to do what ever comfortable But thank u , I started my 15% saving a week
  • Topic Reply
    Hello @Viralkumar I think it all depends on your current rate and what you are trying to accomplish for now or in the future. In my case, I refinanced 2 of my rental homes. 1 was 4.125 and the other was at 4.25. I was able to get them down to a rate of 2.875, dropping my payment down ~200 per home. Pretty much giving myself a raise of 400 monthly. I mainly did this to reduce my Debt to Income Ratio for when I plan on buying another home, I will be able to and not limited. However, I am still...
  • Real Estate Investing
    Hey guys first post here but I'm hoping the community will help me weight out the pros and cons of my situation. A few years ago I purchased my first home. Now my job is relocation me to a different part of Texas. I will be moving to a city with a lower cost of living as well as lower home prices. My debacle is I own a home with 200k in equity. So I find myself at a cross road. Do I sell and take the money and by a home that I can almost pay off and do a 15 year loan, or do I rent out the...
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