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wellkeptwallet.bsky.social
Personal Finance Expert and Amateur Rapper
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How Much You Should Invest Each Month by Salary • $40,000 → $333 • $50,000 → $417 • $60,000 → $500 • $70,000 → $583 • $80,000 → $667 • $90,000 → $750 • $100,000 → $833 • $110,000 → $917 • $120,000 → $1,000 You need to invest consistently if you want to build real wealth.

submitted 12 days ago • 0 comments

Investing $100 into an S&P 500 index fund: • $6.83 in Apple • $6.12 in Nvidia • $5.99 in Microsoft • $4.33 in Amazon • $3.01 in Meta • $2.17 in Google • $2.09 in AVGO • $2.03 in Tesla Plus $67.43 into 492 other top US Companies. Want to start investing in the S&P 500? See below 👇

submitted 22 days ago • 1 comment

How to Become a Millionaire With Only $7 Per Day Come up with $7 per day to get started. $7 a day = $210 per month Investing $210 per month averaging 10% = $150,834 in 20 years = $433,197 in 30 years = $1,165,573 in 40 years Don't wait. Start investing today, even if it is small amounts.

submitted 30 days ago • 0 comments

How Fees Can Crush Your Investment Returns • 2% — $784,173 in fees • 1% — $441,015 in fees • .02% — $9,948 in fees This is why it's so important to figure out what your expense ratios are on your Investments and know what your financial advisor is charging you in fees.

submitted 32 days ago • 1 comment

4 Questions to Ask If You Want to Retire Early 1. What are the top 5 things you enjoy doing in life? 2. How much time do you spend doing those things now? 3. How much time would you spend on those things if you retired? 4. What else would you do if you weren't tied to your job?

submitted 37 days ago • 0 comments

How Much to Invest Per Month to Retire w/ $2 Million • Age 20: $222 per month • Age 25: $361 per month • Age 30: $589 per month • Age 35: $970 per month • Age 40: $1,622 per month • Age 45: $2,786 per month • Age 50: $5,020 per month Based on the age you start & retiring at 65 with 10% returns

submitted 38 days ago • 0 comments

The Average American Has: - A salary of $62,027 - A mortgage of $244,498 - $7,236 in credit card debt - A $40,927 car loan - A $42,139 HELOC balance - Less than $1,000 in savings - $37,853 in student loans This doesn't have to be the case. If you don't want to be average, see below 👇

submitted 72 days ago • 1 comment

How to Reach Your First $100,000 (Invested) 30 years: $49/month 25 years: $81/month 20 years: $139/month 15 years: $250/month 10 years: $500/month 5 years: $1,300/month Note: Assumes a 10% annual returns in a low cost index fund. Investing your money consistently is CRUCIAL to building wealth.

submitted 96 days ago • 0 comments

How to Get a Mortgage as Low as 2.67% in 2024 Did you know there are mortgages where you can assume someone's mortgage with a lower interest rate? These are called Assumable Mortgages. Typically speaking, these are FHA or VA loans that have a lower rate and are assumable. Some as low as 2.67%!

submitted 97 days ago • 1 comment

The Simplest Formula to Retire Early It's called the 25x rule, where you multiply your annual expenses by 25 to determine how much money you need to retire. For instance, if your monthly expenses are $5,000, your annual expenses would be $60,000. Multiply 25 X $60,000 to get $1.5 million!

submitted 97 days ago • 0 comments