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Tagged With "Drunk I Am Shirt"

Tagged With "Drunk I Am Shirt"

  • Topic Reply
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    If you plan to use a Realtor, it is a personality fit, so interview a few and don't feel guilty about firing them if it doesn't work out. Find one that you believe will be able to tell you the bad news, and that will allow you to view the homes you want to view versus the ones they want to view. I work with a lot of first-time Buyers and most require more in-depth education than the internet provides. When looking at homes, the amenities you see in the first 10 seconds make everyone feel...
  • Topic Reply
    Bought my first house about a year ago. The process itself was mostly painless, but houses were selling so fast in the area it was sometimes frustrating and annoying trying to find a good deal that wasn't being snatched up immediately. One thing I have learned since buying the house that I never would've considered beforehand is to look at the composition of the soil in the area. Where I live the soil is mostly clay which can expand and contract a lot depending on how much moisture it is...
  • Topic Reply
    One thing that recently helped me start saving more money for my savings and investing funds is by setting up direct deposit of my paycheck to my various bank accounts and then only including the money meant for spending in my budget. So following the 50/30/20 plan that Jaspreet has recommended in some of his videos; I was able to designate 50% of my paycheck to my checking account, 30% to my investment account, and 20% to my savings. Then I build my budget off of the 50% in my checking...
  • Stock Market Investing
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    From what I understand, M2 teaches that we should try to build sources of passive income but I am struggling a little bit to understand how exactly that works with stock market investing. I completely understand it with real estate because there is a check that comes to you every month from rent payments, but the only thing I know that is similar to that in the stock market is by earning dividends. So is the idea to invest for dividend income or am missing something? Obviously if I bought a...
  • Topic Reply
    Can't answer this question with 100% certainty because I am far from retirement and far from having a million dollars, but the strategy I am currently using to hopefully get me there is to max out my Roth IRA (love the idea of not having to pay taxes on it later), contributing only to my 401k the amount that gets me the full employer match (got to get the free money), and then putting the rest of the money that is meant for investing into other accounts where I have more control over my...
  • Topic Reply
    Sorry to hear there is so much uncertainty for you! I hope everything works out. Things to look out for when selecting a 529 plan are the tax benefits, types of investments, and associated fees. Every State in the US have their own 529 plans and the rules can vary with each State. One of the biggest benefits to the 529 plan is that the money can grow and be used tax-free on the federal level but of course there are some exceptions on the state level. Not all states offer a state income tax...
  • Topic Reply
    It can be very intimidating, especially in a seller's market. However, find a good agent that is experienced and they will be able to guide you. Buying your first home should not be done by yourself (I am biased but for very good reasons). There are a lot of mistakes that you can make. Most important is having a good down payment so that your payment is manageable. If your mortgage payment is too high (above 45% of your total income- can vary slightly), then it may be too much of a stretch.
  • Real Estate Investing
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    I need help. I got a property for $415K. Now on zillow, it's worth $480K. I am willing to let it go to a friend for $460K (thus saving on agent fee), but she has no credit to get a mortgage. Is there another way to handle this?
  • Topic Reply
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    Hello Nathan, my name is Landon Martin and I am from the Dallas, TX area. One thing about myself is that I love anything related to being outdoors (gardening and hiking are what I spend the most time on outdoors though). I also love to play tennis, though I must admit that I haven't had the opportunity to play in a little while.
  • Welcome - Start Here & Introduce Yourself
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    Hey everyone, Been watching the MM YouTube channel for a few years, loved the clear and concise message. The content really hit home. My parents didn't teach me what really matters with respect to financial freedom and wealth building. I don't blame them because their parents didn't either. So, with that said I am on a mission to help my son be better prepared. Albeit I feel I am a little late to the party. Either way, that won't stop me from living and working on goals for me and my family.
  • Welcome - Start Here & Introduce Yourself
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    My name is Santreessa and I am new to the minority mindset community on this platform. I subscribe to mms newsletters and YouTube channels. I love the content. Keep up the great work. Keep Hustlin- (in my Jaspreet voice)
  • Topic Reply
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    I have been using M1 Finance for awhile now and have been very happy with it. I really like building the pie chart portfolio that the money will automatically divide between and invest in. I also like that M1 allows you to own fractional shares of a company so that all of your money can be immediately invested and you dont have to save up until you can buy a full share of a company. A couple downsides to M1 is that you dont have exposure to the full market because they only allow certain...
  • Stock Market Investing
    Hi everyone, i tried looking for a specific section for crypto but couldnโ€™t find any so I figure this Forum would be the closest thing. Iโ€™m in the middle of setting up my coinbase account and I had a question with regards to funding the account: what is difference between using my debit and credit card account to fund? Is there a specific fee for each one? Which one would you recommend? FYI - I am based out of Canada! Regards, Jay
  • #SpendingDetox
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    For the Spending Detox Challenge, I decided to go with #2, make a holiday budget and #3 donโ€™t overpay. Challenge #2: I decided to go with this one because I usually splurge during the holidays. I often buy last-minute gifts for family and friends, and thatโ€™s usually the worst time to buy. My nephews are 8 and 10 years old so I always try to be โ€œthe coolโ€ uncle by buying the hottest holiday toy or a full-priced video game. This year, I decided that I am going to plan earlier when it comes to...
  • Topic Reply
    Hello! I am currently waiting during these weird times. It seems to be more of a seller market, hence why I am holding off. During this time, I am focusing on paying off one rental property and also saving up to buy the 4th for me to live in when things cool down a bit. I know Jaspreet also has a video on his IG stating that he is also holding off. Just does not make sense to buy right now depending on your goals. For me, it does not make sense.
  • Topic Reply
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    Hi Everyone! I'm Carlton and I am from Atlanta, Georgia. I am a recent subscriber to Minority Mindset and love what I see on the videos with Jaspreet. I own a small business consultancy and provide small business consulting services (think accountant on steroids), but interestingly enough I hold a Ph.D. in Metaphysical Science and provide Reiki therapy to clients (not the business ones, of course ๐Ÿ˜). Looking forward to interacting with everyone.
  • Book Club
    I am thinking of purchasing the book Never Split the Difference by Chris Voos. I want to ask your thoughts on it? I am definitely intrigued and do hope it has substance to it. A second question: Has anyone done the audio book version instead? Is it Chris Voos narrating it? Looking forward to reading your thoughts. :Nef:
  • Stock Market Investing
    I'm pretty new to investing, but here it is so far. VTI: 48.55% ARKK: 12.53% ICLN: 10.51% AAPL: 4.69% MSFT: 8.39% TSLA: 6.45% SQ: 2.46% V: 2.75% AMD: 4.38% Ideally, I would like VTI to be 45%, ARKK & and ICLN to be 15%, though I plan on getting out of ICLN and into QCLN. AAPL, MSFT, TSLA, SQ at 5%, and V & AMD at 2.5%. I am not too confident in V and AMD which is why I have them at low percentages. I understand that they are companies worth having long term, but it doesn't make me...
  • Topic Reply
    Hi Nathan, I am keeping an eye on the market and would make a move if the numbers/scenario fit, but I'm also being patient. There are still decent properties on the market now but you need to be informed, know your numbers and know what works for you. Be patient, because it is a seller's market and you don't want to be in over your head and spend too much. Best to wait it out and keep your eye out for the right one.
  • Real Estate Investing
    (btw I am terrible at spelling and punctuation) hey my name is Simon and I am 18 years old, I'm interested in getting into the real estate business . I watched one of the Beards videos about side hustles and found wholesaling and work for equity, haven't gotten a deal yet but I'm close! My goal is to own several diverse rental properties. My question, to get financing for a property would I have to wait till I have more income? or do I need more credit to take out a loan from a private...
  • Welcome - Start Here & Introduce Yourself
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    Good Afternoon, my name is Kassandra so happy to be a part of this community. Currently starting my journey in becoming a better version of myself starting off with education. I am eager to learn and thankful to have like-minded individuals to get a head start with. Happy Wednesday!
  • Starting A Business/Side Hustles
    I am going to head the largest organization in the world. I have over 100 pages of ideas, inventions and concepts that I have created. I have some interesting it different strategies to help accomplish this goal. If anyone is interested, reach out and contact me...
  • 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 letโ€™s see where I am next year. Iโ€™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...
  • 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
  • Topic Reply
    Welcome aboard Krysty! Interesting question. I am going to keep track of this one, hope someone with the knowledge you need replies. What type of products are you looking to sell online?
  • Book Club
    Jaspreet, I hope you read these comments. I wanted to help you (for a change). I downloaded a sample of the book mentioned in the subject line, and I was Shocked. I understand that English is not your first language, but the lack of editing would turn anybody away from buying the book, or joining the community if they weren't already familiar with your brilliance. I am a published author and I can help with the editing. If not, please get someone to do it for you, or take the book down from...
  • 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
    Hello @Trevor , I was in the same predicament as you mentioned above on this thread. After doing some googling and reading a slight page of Dave Ramseys book, he pretty much mentioned the same thing that @Maykel said. Max out 401K. After that, invest in IRA (I would say ROTH) so when you pull out in the future, its already taxed. I personally am doing this now. Just started it. I would not want to get taxed from only pulling out from 401K. You mentioned real estate, I would recommend this...
  • 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 @American.Champion I would personally not be buying at this moment since it is a sellers market. I been holding off on buying since the prices are so high. I rather wait it out a while longer to get a better deal. I know we cannot time the market, BUT me personally, will take that risk and wait. For now, I am saving up more capital to give a bigger down payment to drop monthly payment. If you buy at a higher prices, your ROI will be lower. I have 3 properties in California. 1 in Norcal...
  • 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...
  • 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?
  • 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
    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!!
  • 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
    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
    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.
  • 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 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...
  • Topic Reply
    First of all the current cap is $5 million of inheritance. So she could inherit a lot of house and money and not pay anything. The point here is does death wipe the slate? I don't think that's necessarily fair. If you sold it before you die you would have to pay capital gains tax, and so if your descendants sell it, they should pay the tax. And a $1 million dollar exclusion is pretty generous. Bear in mind after that you pay capital gains which is 0% on the first 10k, 15% on the next $500k.
  • 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
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