Jesse (@AlmostVested) header
Jesse (@AlmostVested) profile picture

Engineer | Finance Nerd | Father of 2 | Building a $2.5M nest egg by 40. Let me show you how to grow your money with Index Funds📈

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Joined July 2018
Photo by Jesse (@AlmostVested)Photo by Jesse (@AlmostVested)Photo by Jesse (@AlmostVested)Photo by Jesse (@AlmostVested)Photo by Jesse (@AlmostVested)Photo by Jesse (@AlmostVested)Photo by Jesse (@AlmostVested)Photo by Jesse (@AlmostVested)Photo by Jesse (@AlmostVested)Photo by Jesse (@AlmostVested)
13 years ago I was a broke college student. Now... I'm an engineer with a $1.1 M net worth. Don't be scared of the market.
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Try this. Put your 2% raise into index funds instead of spending it. Watch Your Net Worth 🚀🚀🚀
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3 Financial Habits I Do Every Month //THREAD//
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I have a friend who is 40 and damn near a billionaire. I asked him what his one key to investing well is... here's what he told me:
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Would you rather dump 100k into the market next year or have a guaranteed 4.5% return ona 1 year CD. What are the odds the market yields higher than 4.5% next year?
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Today’s a Great Day to Make A Budget. - Review July Expenses - Estimate August Income - Assign Income to Categories - Check-in weekly and adjust as needed You got this.
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You never know what the market’s going to do. June 15… the S&P 500 gained 1.5% June 28… the S&P 500 dropped 2%. Today… the S&P 500 gained 2.6%. Ignore the noise and buy shares every pay day.
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The advisors hating on index funds are mad they missed an opportunity for 3% commission.
If you don't come from money, understand it'll likely take you 10-20 years of focused work/investing to become a millionaire Many don't make it because they don't want to be the one to "sacrifice" their years for the family unit Takes a different mother f'er to be the first
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The S&P 500 grew by 14.8% annually from 2012 to 2021. During that time we had… - 5 market corrections - 1 bear market Volatility is just part of the process.
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Retirement isn't an age, it's a number.
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The lion will never eat grass just because it’s hungry. So never lower your standards just because it’s expected of you.
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None of the rich people I know ($12+ million NW under age 50) got rich investing in index funds. They got rich from a great career, real estate, making concentrated bets, or starting a business. Why do we talk about index fund/ETF investing so much? Do we just want slow & easy?
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Budget < Savings Plan < Investment Plan
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A financially disciplined 20 year old is a financially free 40 year old
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If you overspend on things you want… You’ll have to cut things you need.
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The reason I'm building wealth is to give my family the freedom, choices, and options I have never had growing up.
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Becoming a successful investor is about mastering your behavior. Not mastering the market.
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When I found out my wife was pregnant, I started a 529. My daughter’s account is already worth $5,400. And in 18 yrs she will have $160,000 in her account. What would happen if I waited? //THREAD//
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2/ Don't Procrastinate There was a $77,000 penalty for waiting 6 years. I'm glad I started early. And I recommend you do the same. Dollar cost average every month and let compound interest do the heavy lifting.
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That's a wrap! If you enjoyed this thread: 1. Follow me @AlmostVested for more of these 2. RT the tweet below to share this thread with your audience
When I found out my wife was pregnant, I started a 529. My daughter’s account is already worth $5,400. And in 18 yrs she will have $160,000 in her account. What would happen if I waited? //THREAD//