6 months of consistency will change your life.
Notices by Andrew Lokenauth (fluentinfinance@mastodon.social)
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Andrew Lokenauth (fluentinfinance@mastodon.social)'s status on Sunday, 30-Jun-2024 10:10:45 JST Andrew Lokenauth -
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Andrew Lokenauth (fluentinfinance@mastodon.social)'s status on Thursday, 27-Jun-2024 22:25:39 JST Andrew Lokenauth Credit scores are a joke.
My score dropped when I paid off my car.
My score dropped when I paid off my student loans.
Credit agencies told me to take on more loans to increase my score.
The system wants you to be in debt.
It's a business for them.
They punish you for not owing money.
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Andrew Lokenauth (fluentinfinance@mastodon.social)'s status on Monday, 24-Jun-2024 09:45:20 JST Andrew Lokenauth Job security is an illusion.
Learning a higher-paying skill while working at your current job is one of the smartest things you can do.
Changing jobs every 2-3 years is one of the best ways to give yourself a raise and increase your pay regularly.
Never feel guilty about leaving a job for a better opportunity.
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Andrew Lokenauth (fluentinfinance@mastodon.social)'s status on Thursday, 20-Jun-2024 08:17:14 JST Andrew Lokenauth From age 20-30, read this:
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Andrew Lokenauth (fluentinfinance@mastodon.social)'s status on Wednesday, 19-Jun-2024 09:36:22 JST Andrew Lokenauth Life is short.
If you're lucky, you’ll get 4,000 weeks.
Learn that new skill.
Read that new book.
Apply for that new job.
Start that new business.You have the power to create success.
Make the most of it.
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Andrew Lokenauth (fluentinfinance@mastodon.social)'s status on Wednesday, 19-Jun-2024 04:44:04 JST Andrew Lokenauth Using your emergency fund doesn't make you a failure.
It protects you from selling your assets or going into debt to cover unexpected expenses.
It means life happened, and you were prepared.
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Andrew Lokenauth (fluentinfinance@mastodon.social)'s status on Wednesday, 12-Jun-2024 04:15:38 JST Andrew Lokenauth In 1929, the stock market crashed 90%.
In 1973, the stock market crashed 50%.
In 1987, the stock market crashed 35%.
In 2000, the stock market crashed 49%.
In 2008, the stock market crashed 55%.
In 2020, the stock market crashed 35%.But in 2024, the stock market hit an all-time high.
And since 1926 the stock market has increased an average of 11% each year (with dividends reinvested), or over 1,330,000% in that same period.
ZOOM OUT.
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Andrew Lokenauth (fluentinfinance@mastodon.social)'s status on Saturday, 08-Jun-2024 00:24:28 JST Andrew Lokenauth Tip for people in their 20s:
A 24-year-old only needs to invest $100/ week to have a $1 Million portfolio by age 55 (in an S&P 500 index fund).
If you wait until 30 to start, you will make $400,000 less.
If you wait until age 40, you make $800,000 less.
Time is your biggest asset. Use it to your advantage.
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Andrew Lokenauth (fluentinfinance@mastodon.social)'s status on Friday, 31-May-2024 04:19:29 JST Andrew Lokenauth My credit score went down when I paid off my car.
My credit score went down when I paid off my student loans.
The system punishes you for not owing money.
They want you to be in debt constantly.
Credit reporting agencies told me: "You should get more loans to increase your credit score."
Credit scoring is one of the biggest scams.
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Andrew Lokenauth (fluentinfinance@mastodon.social)'s status on Sunday, 19-May-2024 10:42:44 JST Andrew Lokenauth 3 most popular car brands driven by millionaires:
1. Toyota
2. Honda
3. FordWhat kind of vehicle do you own?
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Andrew Lokenauth (fluentinfinance@mastodon.social)'s status on Saturday, 18-May-2024 02:52:14 JST Andrew Lokenauth My credit score dropped when I paid off my car.
My credit score dropped when I paid off my student loans.
The system punishes you for not owing any money.
They told me: "You should get more loans to increase your credit score."
The system is predatory and wants you to be in debt.
Credit scores are one of the biggest scams.
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Andrew Lokenauth (fluentinfinance@mastodon.social)'s status on Friday, 17-May-2024 22:40:58 JST Andrew Lokenauth Life expectancy is 77.
Retirement age is 67.50 years of work to enjoy 10 years?
Let that sink in for a moment.We need to shift this mindset.
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Andrew Lokenauth (fluentinfinance@mastodon.social)'s status on Monday, 13-May-2024 07:42:45 JST Andrew Lokenauth BREAKING: The median mortgage payment in the United States hit a new record high of $2,894 per month, for May 2024.
That's an increase of +14% from 2023, +23% from 2022, and +78% from 2021.
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Andrew Lokenauth (fluentinfinance@mastodon.social)'s status on Friday, 10-May-2024 03:14:06 JST Andrew Lokenauth Wait 1-day before deciding on small purchases,
1-week for medium purchases, and
1-month for large purchases.
This will save you a lot of money on impulse purchases.
And if you still want it, then buy it.
If not, skip it.
You'll realize you never really needed it.
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Andrew Lokenauth (fluentinfinance@mastodon.social)'s status on Thursday, 09-May-2024 22:56:45 JST Andrew Lokenauth If something costs $150 and is on sale for $100,
You're not saving $50.
You're still spending $100.
If you buy something you weren't going to buy in the first place, it’s not a good deal.
Anything is 100% off if you don't buy it.
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Andrew Lokenauth (fluentinfinance@mastodon.social)'s status on Tuesday, 07-May-2024 05:41:17 JST Andrew Lokenauth The Roth IRA max is $7,000 per year.
To max it out you can invest:
$585 a month, or
$135 a week, or
$20 a day.
Tax-free growth is powerful!
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Andrew Lokenauth (fluentinfinance@mastodon.social)'s status on Sunday, 05-May-2024 05:35:48 JST Andrew Lokenauth “If you cannot control your emotions, you cannot control your money.”
— Warren Buffett
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Andrew Lokenauth (fluentinfinance@mastodon.social)'s status on Saturday, 04-May-2024 06:09:40 JST Andrew Lokenauth Scarcity mindset:
• Waiting 30 mins in line for gas, to save a few pennies.
• Waking up at 3 am to wait in line for a sale, to save a few dollars.Wealthy Mindset:
• Not wasting your time to save a few pennies.
• Realizing your time is worth more than saving a few dollars.Money is infinite. Time is not.
You can make more money if you run out of it.
You won't get more time when you run out of it.
Time is your most valuable asset. Never waste it.
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Andrew Lokenauth (fluentinfinance@mastodon.social)'s status on Friday, 03-May-2024 05:22:23 JST Andrew Lokenauth Reading 30 minutes a day is 20 books per year.
Saving $20 a day is $7,300 per year.
Making an extra $100 a day is $36,500 per year.
Focusing for 4 hours of deep work a day is 40 days per year.
Success is the compounding of small habits.
And small habits make a big difference.
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Andrew Lokenauth (fluentinfinance@mastodon.social)'s status on Wednesday, 01-May-2024 15:26:44 JST Andrew Lokenauth Teaching kids about money should be part of parenting because schools won't do it.
Here are 10 finance terms everyone should know:
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