Andrew Lokenauth / is on Nostr

• I write https://TheFinanceNewsletter.com for 50,000 subscribers • 15yrs in Finance, Tech & Start-ups • Follow to get smarter with #investing #personalfinance #money #stocks #stockmarket #finance

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Last Notes

2024-09-02 13:53:33

Financial decisions you’ll never regret:
1. Marrying right
2. Avoiding car loans
2. Avoiding credit card debt
4. Maxing out your Roth IRA
5. Building your credit score
6. Creating a 2nd stream of income
7. Taking your 401k company match
8. Building a 3-6 month emergency fund
What else would you add?

2024-08-26 19:30:25

Money management is more important than making money.
If you can’t manage $10,000 how will you manage $1,000,000?

2024-08-25 22:58:05

If you pay your investment advisor 1% on a $1,000,000 portfolio that grows 10% each year, that’s:
$152,000 in fees over 10 years.
$512,000 over 20 years.
$1.4 million over 30 years.
Fees matter.

2024-08-22 01:29:41

Financial checklist for having a baby:
• Add to credit card as an authorized user
• Freeze credit with all 3 credit bureaus
• Set up airline mileage accounts
• Update account beneficiaries
• Update estate plan and will
• Add to health insurance
• Consider life insurance
• Open a 529 plan
What did I miss?

2024-07-14 05:16:09

Be obsessed with improving yourself, for yourself.
https://files.mastodon.social/media_attachments/files/112/783/141/249/343/454/original/dea400a0f7f217e4.png

2024-07-01 04:33:46

A reminder
https://files.mastodon.social/media_attachments/files/112/709/364/857/357/009/original/2cd1d54522ba43e5.png

2024-06-17 03:51:21

No job is worth damaging your mental health.

2024-06-15 19:25:08

Google is FREE.
YouTube is FREE.
ChatGPT is FREE.
Podcasts are FREE.
The Library is FREE.
Knowledge is everywhere.
Start learning and earning.
Your future self will thank you.

2024-05-23 01:07:20

High School should teach:
• Taxes
• Investing
• Negotiating
• Real Estate
• Entrepreneurship
• Personal Finance
• Financial Planning
What would you add?

2024-05-20 18:06:03

Money goals to aim for before 30:
• A Budget
• A Roth IRA
• A 401k match
• Term life insurance
• No credit card debt
• A good credit score
• 3-6 month emergency fund
• A HSA (Health Saving Account)
• At least two streams of income
• Basic knowledge of personal finance
What would you add?

2024-05-10 19:51:53

My credit score dropped when I paid off my car.
My credit score dropped when I paid off my student loans.
The system punishes you for not owing any money.
They told me: "You should get more loans to increase your credit score."
The system is predatory and wants you to be in debt.
Credit scores are one of the biggest scams.

2024-05-06 04:28:39

This is what $1.50 from Costco gets you:
https://files.mastodon.social/media_attachments/files/112/392/255/389/160/912/original/fa7cf1c0f2f070f2.png

2024-04-28 19:07:28

By age 30, you should aim to have:
• A Budget
• A Roth IRA
• A 401k match
• Term life insurance
• An emergency fund
• A HSA (Health Saving Account)
• No high-interest consumer debt
• Basic knowledge of personal finance
What would you add?

2024-03-21 18:12:53

Working your whole life only to enjoy a few years when you're close to death is one of the biggest scams.
We need to shift this mindset.