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Posted on 5/29/13 at 3:29 pm to jimbeam
quote:
i've seen this priority list:
1. 401k up to company match
2. max roth
3. max 401k
YUPPPPPPPPPPPPPPPPPP
also, have an emergency fund of 3-6 Months of expenses outside of retirement accounts
Posted on 5/29/13 at 3:31 pm to Vols&Shaft83
still in school right now but i'm planning on investing my summer earnings. have quite a bit of savings. guess when i get out of school that will act as the beginning of my emergency fund.
Posted on 5/29/13 at 3:34 pm to jimbeam
If it was me, I would hold onto your summer earnings for when you get a job. Just in case you need to move and do not get a relocation package or it does not cover your expenses.
When I moved to Houston last year I had to buy pots/pans/plates etc. You can get them on the cheap but it still adds up.
eta: dont forget renter deposits and you have to make due until your first paycheck, which might be 3 weeks after you start.
When I moved to Houston last year I had to buy pots/pans/plates etc. You can get them on the cheap but it still adds up.
eta: dont forget renter deposits and you have to make due until your first paycheck, which might be 3 weeks after you start.
This post was edited on 5/29/13 at 3:36 pm
Posted on 5/29/13 at 3:46 pm to JAE20
quote:
Thanks, I just downloaded Rich dad poor dad.
Terrible book and the author has largely been proven a fraud. Only good thing it says is buy assets and limit liabilities but that should be a no brainer
Posted on 5/29/13 at 4:02 pm to AngryBeavers
quote:
Terrible book
I disagree with this.
quote:
the author has largely been proven a fraud
Yeah, I can agree with this
quote:
Only good thing it says is buy assets and limit liabilities but that should be a no brainer
There's some other good stuff in there, but the reader has to be smart enough to separate the good content from the bullshite. Many other books I'd recommend before this one.
Posted on 5/29/13 at 4:35 pm to Vols&Shaft83
quote:
quote: i've seen this priority list: 1. 401k up to company match 2. max roth 3. max 401k YUPPPPPPPPPPPPPPPPPP also, have an emergency fund of 3-6 Months of expenses outside of retirement accounts
The poor HSA max is always forgotten.
I hope I don't lose mine.
Posted on 5/29/13 at 4:37 pm to Teddy Ruxpin
quote:
The poor HSA max is always forgotten.
If he has an HSA, that should be factored into insurance costs
Posted on 5/29/13 at 4:38 pm to Teddy Ruxpin
quote:
HSA
I'm only putting $50/mo in mine so far this year. Will definitely up this starting in January.
Posted on 5/29/13 at 4:42 pm to Vols&Shaft83
quote:
Many other books I'd recommend before this one.
Millionaire Next Door is a must IMO.
Posted on 5/29/13 at 4:49 pm to AngryBeavers
quote:
Millionaire Next Door is a must IMO.
Loved that book, it read like a story type book.
Makes you wonder why so many fathers of frat boys give so much economic outpatient care. If they read that book, they would realize they are making their son extremely weak.
This post was edited on 5/29/13 at 4:50 pm
Posted on 5/29/13 at 5:12 pm to Vols&Shaft83
Great the first book I buy and it's terrible apparently, $10 down the drain 
I've always had a job except the past few months. I'm looking for something now but unsure if I should continue because ill have to quit as soon as I get an internship which would leave look bad on my part.
I've always had a job except the past few months. I'm looking for something now but unsure if I should continue because ill have to quit as soon as I get an internship which would leave look bad on my part.
Posted on 5/29/13 at 5:20 pm to JAE20
quote:
Great the first book I buy and it's terrible apparently, $10 down the drain
It's not terrible, it makes some good philosophical points about how most people handle money. But take his advise about Real Estate Investing and Corporations with a grain of salt.
Posted on 5/29/13 at 5:27 pm to Vols&Shaft83
quote:
the author has largely been proven a fraud
How so? Not mad or anything, just curious.
Posted on 5/29/13 at 6:48 pm to wegotdatwood
quote:
How so? Not mad or anything, just curious.
Basically his seminars and classes are just a Giant MLM scheme Directory of Complaints Ripoff Report.
What goes on in his seminars Investigative report P1
P2
P3
He also filed for Chapter 7 Corporate Bankruptcy in 2012 His corporate bankruptcy 2012 What he did was highly immoral and unethical, but technically legal.
He also claims to have "taken several companies public", which is complete horseshite. Check the SEC files online for his name and you will find no hits. That means he does not own 5% or more of any public company in the USA. If he did, he’d have to be listed as a beneficial owner with the SEC and on quarterly statements.
I can go on if you'd like.
He tells a good story, and the philosophy is useful, but his real estate investing and stock investing advice is horrible and very dangerous to the average reader.
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