Notices by Andrew Lokenauth (fluentinfinance@mastodon.social), page 5

The middle-class debt trap:

$600,000 Home Mortgage,

$150,000 Student Loans,

$60,000 Car Loan,

$50,000 Wedding,

$85,000 Salary and $850,000+ in debt before 30.

A lifetime of debt.

Avoid this trap at all costs.

Success comes down to priorities.

Watch Netflix for 3 hours — no problem
Learn something new for 3 hours — no time

Choose wisely.

Best websites for finding remote jobs:

• Hired
• Flex Jobs
• Remote OK
• Just Remote
• Daily Remote
• Remote Leads
• Angel List Talent

Any others I missed?

Most people will trade their time for money, to pay for their needs and wants, their entire lives.

Wealth isn’t created by exchanging time for money — It’s created by putting your money to work for you.

The truth is, you get rich by investing.

When you start using money to make money instead of time to make money — becoming wealthy is only a matter of time.

The average person dies ~11 years after retirement.

But retirement doesn’t have to be an age, it can be a number in an investment account.

Every dollar you invest today buys time in the future that you won't have to work for someone else.

The goal is for passive income to replace active income, so that having a job becomes a choice, and not an obligation.

Retirement can come at any age.

90% of Millennials had regrets about buying their first home (per Real Estate Witch)

This is up from 82% in 2023

The most common regret is:
• Bad location (27%)
• Bad neighbors (26%)
• High-interest rate (25%)

Do you regret buying a home?

Do you remember when McDonald's was affordable?

Your boss won't remember the long hours or late nights you spent working.

The people who will remember are you and your family.

Working hard is important, but your health and family are what matter most in the long run.

While work serves a purpose, it should never define you, or come before your well-being.

If your debt won't make you wealthier, don't do it.

Credit Score Hack:

Add your child to you credit card as an authorized user as soon as their born, and when they’re 18 they’ll have an 800+ credit score with a long credit history (just pay the balance on time, and in full!)

Here are the credit card age requirements:

@freemo How does Mastodon work? You have 32,000 followers but your posts get little to no engagement (little to zero likes, comments, reposts). Why is that?

BREAKING: Nancy Pelosi has purchased up to $5 million of Nvidia $NVDA call options.

This is her largest purchase in the last 3 years.

The call options have a strike price of $120 that expires in December 2024.

Being rich is having money, being wealthy is having time.

Time is a non refundable resource and when it’s gone, it’s gone forever.

The biggest privilege that money can create, is complete freedom and control of your time.

The U.S. government has spent $314 Billion more than it earned in November.

This is disturbing.

Choosing who you marry is the most important financial decision of your life — Your spouse will either help you create wealth, or deplete it.

Making the wrong decision will cost a lot of money, time, peace, and legal fees.

A supportive spouse will help you achieve your goals and stay motivated and on track when things get tough — A winning team can never lose.

The Benner Cycle has predicted most major market downturns — Samuel Benner published it ~150 years ago in 1875.

#stocks #stockmarket #investing

💥TODAY'S MOST IMPORTANT NEWS — Thursday, December 7th:

1) President Biden is forgiving another $4.8 Billion in student loan debt

2) Energy stocks fell as oil prices dipped below $70 per barrel to their lowest since June

3) Google launches AI model Gemini to compete with ChatGPT

4) The largest chicken and tuna companies have been found guilty of price-fixing in the U.S.

5) The US Senate has blocked the Ukraine funding package

🔁 If you liked this post, please repost it to share it!

Never let a job steal your life.

Time is a non-refundable resource and when it’s gone, it’s gone forever.

Life is too short to spend more time at work with your boss & co-workers, than with your own family.

Global Debt is now $97 Trillion in 2023:

The person you will be in 10 years is influenced by the people you surround yourself with today.

Your decisions today will determine your lifestyle in 10 years — Choose your relationships wisely.