@BeardyBrandon@robbiehendricks It sounds @BeardyBrandon like some key information was overlooked and not understood regarding the debt?
Are there members of your team responsible for reviewing these to ensure they’re not overlooked?
Spoke with a doctor from Austin, TX:
They currently have $140,000 in a savings account.
Considering putting it in the S&P 500 but worried about value now being all time high.
May instead put their money in a 12 month CD giving them guaranteed 4.5%.
...What would you do!?
Your coworker who:
- Drives an old Toyota
- Maxes out their Roth IRA
- Brings lunch to work daily
- Owns 2 rental properties
- Prefers to use debit over credit
...They will be a millionaire one day.
Quiet wealth looks like:
- No credit card debt
- No car payments
- 6 months of bills in cash
- 4 income streams
- 20 hour work week
This is a very peaceful way to live.
~60% of mortgages in the United States have a 4% or less interest rate.
~40% of all homes in the US are paid off.
Millions of people won’t give up their home to then take on a 7% loan.
...Still think there is an impending housing market crash?
Do whatever it takes to have $220,000 invested in a 401k by the age of 40.
Do this & even if you don't invest another dollar?
You could you'll still end up with ~$1.9 million by 65.
That’s the power of compound interest 📈
Friendly reminder:
There's more to life than driving 45 minutes each way to sit at a desk 8 hours a day.
...And doing that 50 weeks out of the year for the next 30+ years.
How to make your home worth more:
- New Garage Door → 194% ROI
- New Front Door → 188% ROI
- Stone Veneer → 153% ROI
- Kitchen Remodel → 96% ROI
-New Siding → 84% ROI
What would you add?
Lets talk about Dave Ramsey:
Millions of people found Dave & gained motivation to start their financial journey.
Some of Daves strategies are great, but not all.
...Choose only what’s right for you👌🏻
You can be a 6 figure income earner and still be broke.
You can be a 5 figure income earner and be wealthy.
Spend less than you earn, buy income producing assets.
...This is how you build wealth on any income👌🏻
How to retire a millionaire:
1. At 28, open a Roth IRA
2. Auto-transfer $625/mo into S&P 500 index funds
3. Don't touch it
4. That's it.
Walk daily, live your life, drink water, wake up at 5am.
By 62 thats ~$1.5 million & ~$75,000/yr of tax FREE income👌🏻
This is true: An 18 year can get $100k of loans for college very easily.
This is also true:
- A proven business owner can struggle to get a loan to grow.
- A working family can struggle to get a home loan for a safe place to live.
...Feels like a broken system.
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