statusmoney.com

#mortgage #money So my significant other and I decided to purchase a house a house (Mainly her) for $510K in the Midwest. We both have cars that are paid off and the only other debt we have is $30K from her education loans. We have a 30 year 7.25% interest rate (Crying inside) and we plan to put down 5% towards the house and then another 15% towards the principle as soon as her house sells. Before closing costs, fees, etc, she would make around $169K on the house sale. I estimate our mortgage will be around $3300 per month. Our combined income is $205K - $220K per year. I currently max out my 401K, Roth IRA, and HSA every year however after income tax I feel that money will be tight because we’re planning to have a child next year. I get anxious about finances all the time because I want to max out my investment accounts every year however I feel this mortgage is a lot. Do you guys think we took on too much?We are both 35 and once we have a child will pay next to nothing for daycare since her mom and dad are both retired

Is it a bad idea to withdraw some money from a 401k to quickly pay off credit card debt? I have a little less than 10k in credit card debt and a 8900 car loan. I've been paying down the loan ok, but finding it hard to pay down the credit card. I'd almost rather pay it 70-90% off all at once and relieve some pressure around it. #creditcarddebt

Looking for 5 new peoples who doesn't have webull & wants to turn a penny into cashhttps://a.webull.com/gGll5YPJMWZ76deOiW #tradingapps

Get a $100 bonus for signing up for an Ally Bank Savings or Spending Account. That's 4.25% APY Compounded Daily. https://www.ally.com/referral?code=2Q4P7V4G3V #savingsaccount #referral #bankaccount

What is it to make $300k annually?I saw this post on Quora and found that the most upvoted answer (from Brennan Stark) made a lot of sense. I couldn't figure out how to link the response, so I am copying parts of it:"$300K per year is a lot of money to most people but, there's always a but isn't there, if that is from a single source, then it won't go far after taxes. Even a dual income adding up to that amount won't go far. What do I mean by it not going far? Here is the thing: Unless you actively choose to live modestly and invest heavily you will simply spend the extra money you earn. And if you do that you will always be close to broke, especially if you lose your job.However, your house will be nicer, your car will be nicer, your holidays will be nicer and you will be firmly entrenched in the upper part of middle class. You will still need to go to work every day and by the way, that impressive income comes with more hours and more stress.What I am saying is that 300K a year won't move the needle that much and my advice to anyone with this level of income, is to invest heavily so that in time, your passive income matches your active income. When you have done that you know you have moved the needle to where life changes significantly.At this point money is coming in faster than you can reasonably spend it. Your job, your work that is stressful, long and hard, all of a sudden isn't anymore because you know you can give it away any time you like. YOU HAVE OPTIONS! You can do what you like...Having this sort of money brings you freedom, opens up experiential opportunities. It gives you choices to do what you want, when you want.But 300K alone from a job isn't enough. 300K passive is."Thanks Brennan Stark for such a thoughtful response. #money #moneymanagement https://www.quora.com/What-is-it-like-to-make-over-300k-annually

What sorts of questions should I ask a landlord if I want to move in #asap? #NYCHousing

No Fees. No Minimums. No Lockups.

No Fees. No Minimums. No Lockups.

Status money is fraud he not sending my reward into my account #statusmoney

Officially crossed the 1 million net worth at age 36 as a public school teacher.I created this post to show and hopefully motivate people that it's possible to create wealth even in an "average" salary position like teaching. I will break down what I did to achieve this goal and I'm happy to answer any questions people may have.Each year I:Max out 403B ($22,500)Max out 457B ($22,500)Max out Roth IRA ($6,500)Contribute $6,000 per year to an individual brokerage account*The majority of these investments are in broad based index funds*Lifestyle choices and information:-I live in NYC and choose to rent rather than own an over priced home. (for example a house three doors down from where I live that is the same size is currently for sale for $1.45 million)-I bought a certified pre-owned car in 2014 for cash and have been driving it ever since. It currently has 115k miles on it and I plan to ride it until the wheels fall off.-I try to avoid lifestyle creep and only spend money on things that make me happy. (Health and fitness, travel, dog)-I found a way to obtain a scholarship for my masters degree and came out of school without any debt. -Current salary about 100k -Started a side hustle business that generates about 20-40k per year.-Dividends and capitals gains on my current portfolio give me about 10k in income per year that automatically gets reinvested.*When the market went down 20% last year, I tried to find ways to invest more because the market was on sale. I will continue to live below my means, save, and invest the rest into mainly broad based index funds. Stay the course and continue to invest early and often no matter what the stock market is currently doing. It can really be that simple to create wealth!*I hope this post helped some people and I can answer any questions you may have. #invest #indexfunds #save

#workfromhome #microrasks # #easycash Hello Everyone! Me again. I am just wondering what you do for extra cash. I am a Gig Worker.Amazon Mechanical Turk, Prolific, Cloud Research Appen, Tewmwork.ai.Does anyone have any good sites that they earn from they would like to share? I am in need of more earning sites. Ty.

Solar panels. Pros/cons. Go!!! #poop

Start chatting now.

Just experienced a tech layoff 3 if anyone knows jobs looking for frontend devs lmk! #tech #softwaredeveloper

he or she know about forex trading # Tanzania #forex

Has anyone done any research into Electreon Wireless Ltd (ELWSF)?#EV

I'm excited/pleased to share that my networth has finally exceeded $500k today. It's been a combination of the market doing well in 2023, and home values sky rocketing. I did decide to include 529 balances in my net worth still...I opted to go this route because I've been including it all along and it sort of messes up my progression tables so I figured I'd just keep it in. By the time it's spent, I hope to see my network and investment balance growing so much that it will still show a positive gain month after month, depside that balance being depleted. Total Net Worth today = $501,632#HalfMilClub

#pleasehelp how can I do a free wire transfer with no hassle or 21 question

Thought of you, @Pargon, when I saw this virtual event Schwab is doing tomorrow (5/17). I'm a client, so I got an invitation, but I think anyone can register. It's about creating a family wealth mission statement. I know you've mentioned it a few times and referenced a book about creating a family legacy ("Complete Family Wealth"). I don't have a family (yet) that I need to write a mission statement for, hah, but it seems interesting and I may tune in tomorrow to listen. I like the idea behind setting some intentions for a family's wealth.Virtual event:https://event.on24.com/wcc/r/4081892/C5B66FCA0487703B3F7107CA4244E3C0White paper:https://www.schwab.com/resource/family-wealth-mission-statement#FamilyWealthMissionStatement

Is anyone else watching #RamitSethi's #HowToGetRich on Netflix? I already listened to his podcast, the show is good entertainment so far.

Well, better late than never, I finally made the commitment to max out retirement accounts (at 44!! 😭) now that I file a single tax return in NJ, the taxes are eating up a big chunk of my income, it finally makes sense. I currently max out:$22,500 401K$3800 HSA$6500 IRAs combined (I have both traditional and Roth and planning to grow them simultaneously)I just wanted to check in with you guys and see what else is out there. Where else can I stash ordinary income and get tax benefits? Also, can someone clarify what is tax deductible when you get a mortgage. Is it the interest or property tax or both?Thanks - I always appreciate the advice from this group!#investing #retirement #taxbenefits #IRA

Networth Alright Xtrina, I removed 529’s from my tracking. Looks like it’ll be a bit longer before I hit $500k networth. But at least it’ll have more meaning. On the flipside, I started using zillow to determine my homes worth…my manual entry was $405k but zillow says around $425k. It might be off but oh well. #tracking

What's one "indulgence" you let yourself spend money on, #guilt-free?The only place I let myself spend whatever is at the grocery store and that seems like a downer lol.

Net Worth Tracking. Curious where everyone else is at over the past 2 years. For me, my highest net worth occurred in Nov'21. My net worth is now just shy of that by about 2% thanks to a strong March'23 stock growth. Hoping that this is a tipping point for a robust 2023 growth. Interest rate hikes stopped, inflation to relatively normal levels with possible hopes of some decreases in interest rates if we're lucky. Long story short, I do hope to see my net worth actually grow by years end and reach a new high and breaking that half mil mark. Seeing net worth be so stagnant has impacted my #mood .

WSJ poll finds that 80% of people in the US doubt their children will be better off than them.Interesting article in the WSJ with results of a poll asking Americans about their financial situation and their belief of prospects for their children. Some statistics:Which of the following describes your financial situation:About where I expected - 39%In worse condition than I expected - 44%In better condition than I expected - 17%Do you feel confident that life for our children's generation will be better than for us?Do not feel confident - 80%Feel confident - 20%How would you say things are these days, would you say that you are:Pretty happy - 55%Not too happy - 35%Very happy - 15%Given all of the mirage shown in social media, I was a little bit surprised with these results. As a father of three small children, I am particularly concerned with the belief that our children will not be better off than us. Is this consistent with your thoughts? and if it is, are you doing something to try to change the odds for your children? #money https://www.wsj.com/articles/most-americans-doubt-their-children-will-be-better-off-wsj-norc-poll-finds-35500ba8

Here are the best of the best!

#getmoney

How do I buy a bond with the World Bank at Schwab? #friendshelpingfriends

Sheesh ... my last post was only to express myself .. but was to much ..anyways who can send me some money making referrals #StatusMoneyIsTheBest

These guys have learned nothing about Elon.#Elon

Ready to make this money #makemoney