Here is the breakdown of the $60k budget my wife and I had last year Our household income was $400k We saved & invested the difference💰

Here is the social class you are Based on your household income Poverty: less than $16k Near Poverty: $16k-$32k Lower Class: $32k-$56k Lower Middle: $56k-$84k Middle Class: $84k-$126k Upper Middle: $126k-$167k Upper Class: over $167k Making at least 100k/year is a flex 😳

The older and wealthier I get… The more I rather rent than own Rent a house that’s not my problem And lease a new car every 3 years I don’t want to own stuff anymore Only thing I want to own is my time 😳

The latest 401k data was released Here is the median balance by age: 18-24: $2k 25-34: $19k 35-44: $47k 45-54: $79k 55-64: $107k Over 65: $103k Saddest thing you’ll see all day 😔

Asked my wife if she’d like to upgrade her 2019 Nissan Sentra to a new BMW Her response: “I don’t care about stuff like that” This is generational wealth 🙂

The average person only saves 3% of their take home pay For every $100 made after tax they are only saving $3 of it The average person will never retire 😳

My hot water heater is 11 years old Still works but am going to replace it I got 2 different estimates for the job Contractor 1: $5,500 on 12 month 0% financing Contractor 2: $4,200 cash The better deal is so obvious 🙂

Biggest scam in the U.S. is needing a corporate job just to afford health insurance 😔

Spoke to my coworker about our 401k He’s been with the firm 12 years At 42 he’s never contributed a penny Not even to get the employer match I was curious and asked him why His parents own a $1.2 million house Which they bought for $180k in 1996 Said he’ll sell the house when they die And that’s his retirement plan 😳

Here is the net worth you should aim to have by age: 16-19: $5k 20-24: $50k 25-34: $300k 35-44: $1 million 45-54: $3 million 55-64: $5 million Over 65: $10 million Hit these and you won the game 😳

My childhood best friend is a surgeon He’s 39 and married with 3 young kids Wife is a full time stay at home mom $4.2 million invested with $0 debt They spend $120k/year & happily rent With no desire to ever own a house 😳

My cousin is 28 and works in NYC She makes $90k/year as a nurse Wants to start investing for her future She is single with no kids or pets Only debt is $60k student loan at 3% Has $3,000 ready to invest now And $2,000/month going forward What advice do you have for her? 💰

The S&P 500 could drop 50% And be back to where it was in 2023 Literally where it just was 3 years ago Here is when it dropped 50%: 1929 Depression: -89% 1974 Oil Embargo: -52% 2000 Dot Com Bubble: -51% 2008 Great Recession: -57% This is the biggest bubble in history 😳

The life of a millennial: Can’t afford a house Can’t afford groceries Can’t afford to have kids 2% pay raise with 4% inflation Social security benefits drying up Losing jobs to AI during peak earning Millennial retirement is cancelled 😳

I don’t get the appeal to real estate You tie up all your money in a house And have a second full time job Just to underperform the S&P 500 My index funds never call me at 2am about a roof leak 🙂

10 year treasury yield is now 5% You can buy $1 million of these bonds Get $50k/year and pay $0 in state tax Every single year for 10 straight years Guaranteed and completely risk free Then get your full $1 million back after But you’re just not going to do it 🙂

Met 2 brothers at the gym today 34 year old identical twins One went to trade school Became an electrician at 18 The other went to medical school Became an ER doctor at 33 Doctor had 300k in student debt And nothing saved or invested Electrician plans to retire by 40 😳

Here is how much you would have if you invested $10k in Bitcoin in: 2010: $8.75 billion 2011: $2.5 billion 2012: $150 million 2013: $50 million 2014: $1 million 2015: $2.5 million 2016: $1.75 million 2017: $750k 2018: $50k 2019: $200k 2020: $100k 2021: $25k 2022: $15k 2023: $50k 2024: $15k 2025: $10k 2026: $10k Craziest thing you’ll see all day 😳

Here is how much you would have if you invested $100k in the S&P 500 in: 1970: $35 million 1980: $20 million 1990: $4 million 2000: $750k 2010: $825k 2020: $225k 2025: $125k Stop waiting to start investing 😳

There’s no such thing as “home owner” You either rent from the bank or town Stop paying the mortgage & the bank takes your house back Pay off the mortgage & stop paying the taxes & the town takes it back You’ll own nothing & you’ll like it 🙂

My uncle just retired early at 60 Was a teacher in NYC for 40 years Made $140k/year with summers off And now has a $10k/month pension Teaching is an underrated career 😳