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Started By
Message
How do you achieve financial freedom at an early age?
Posted on 3/31/23 at 2:25 pm
Posted on 3/31/23 at 2:25 pm
without much capital
early age being in your 20's
early age being in your 20's
66
Posted on 3/31/23 at 2:26 pm to hawgfaninc
Learn a trade or ask Daddy. No in between
Posted on 3/31/23 at 2:26 pm to hawgfaninc
Be self employed or have family money
Those are the only two answers
Those are the only two answers
Posted on 3/31/23 at 2:26 pm to hawgfaninc
Don’t father children out of wedlock.
Posted on 3/31/23 at 2:26 pm to hawgfaninc
Work your nuts off. Make smart decisions
Posted on 3/31/23 at 2:27 pm to hawgfaninc
Play the lottery and win it or be born into a fortuitous situation(right family, right geography, right talent) that is a lot like winning the lottery.
Posted on 3/31/23 at 2:27 pm to hawgfaninc
Stay debt free.
Stay single
Live within your means
Invest
Emergency Fund
Work 2 jobs
Stay single
Live within your means
Invest
Emergency Fund
Work 2 jobs
Posted on 3/31/23 at 2:28 pm to hawgfaninc
Don’t join the Army on active duty, like I did.
Posted on 3/31/23 at 2:28 pm to hawgfaninc
Stop inbreeding would be a good starting place....
Posted on 3/31/23 at 2:29 pm to hawgfaninc
Im assuming you mean having enough money to last you the rest of your life without being employed?
The lottery or family.
The lottery or family.
Posted on 3/31/23 at 2:29 pm to hawgfaninc
You’re never gonna be free baw
Only boomers are allowed to retire
Only boomers are allowed to retire
Posted on 3/31/23 at 2:29 pm to hawgfaninc
Pay yourself first.
Meaning, first allocate all of your retirement/savings BEFORE you budget your net income.
Live below your means. Don't buy new cars and ridiculous stuff.
If you can shoot for saving 20% of your gross income you will do just fine especially starting in your 20's.
Meaning, first allocate all of your retirement/savings BEFORE you budget your net income.
Live below your means. Don't buy new cars and ridiculous stuff.
If you can shoot for saving 20% of your gross income you will do just fine especially starting in your 20's.
Posted on 3/31/23 at 2:29 pm to hawgfaninc
By birth, Inheritance, Selling meth, good looking female(Only Fans), playing stock market with rules and discipline
Posted on 3/31/23 at 2:30 pm to hawgfaninc
Start your own business or sales. Network and get to know a lot of people. It's very hard to work a W2 job and get wealthy. It can happen, just takes longer.
Buy real estate and wait works for a lot of people.
Avoid student loans and credit card debt like your financial life depends on it because it does.
Buy real estate and wait works for a lot of people.
Avoid student loans and credit card debt like your financial life depends on it because it does.
Posted on 3/31/23 at 2:30 pm to GEAUXT
They’re gonna start taxing unrealized gains next year
Posted on 3/31/23 at 2:30 pm to hawgfaninc
Well, Beth Dutton says there are 4 ways to get rich:
1) Inherit it
2) Steal it
3) Work for it
4) ??“Learn how to suck a dick like you lost your car keys in it.”
1) Inherit it
2) Steal it
3) Work for it
4) ??“Learn how to suck a dick like you lost your car keys in it.”
Posted on 3/31/23 at 2:37 pm to hawgfaninc
If I could go back to my early 20’s before the wife and kids. I’d find ways to earn a lot and invest in rentals. Maybe live in project houses and fix them up and then move on to the next. Rent or flip until I could build up a rental portfolio.
Also may look to invest. Or be a silent investor. Got friends who do that.
Point is that you can risk money and leave cheap when you young and have nobody depending on you. Once you have money, easier to make money.
Also may look to invest. Or be a silent investor. Got friends who do that.
Point is that you can risk money and leave cheap when you young and have nobody depending on you. Once you have money, easier to make money.
Posted on 3/31/23 at 2:38 pm to hawgfaninc
It is an interesting question. Here are some scenarios I know of in my personal circle.
1. Guy lived in same apartment from day one of out college. Never bought a new car. Never worried about material things. Maxed out 401k. Retired on his 40th birthday.
Now, he's late 40s, no kids, and alone... but he likes to travel to go fishing/scuba, and he gambles. But that's it. We used to see this guy all the time, and have seen him once since retirement.
2. Guy lived in same house from day one out of college. Worked for same company his entire career. Never had kids. Never got married. Never really purchased anything extravagant. Could have retired in 40s, but his job was so easy and liked it, he went to age 60. His last day was his birthday. (worked for me)
3. Roommate was into penny stocks and investing on the side. Trades got bigger and bigger and eventually made enough to quit his job and just trade for fun.
4. Parent of a kid's friend started a kiosk in a mall, and then opened several kiosks. Created a franchise and has stores all over the place. Works hard, but sure seems to have free time.
5. Best friend earns a great living, but both parents died within a year. Inherited a shiat ton of money and property.
6. Guy I went to high school married a girl who's father died in an accident and had received a huge settlement.
lol, those are some off the top of my head.
Here's how NOT to do it.
Get married to someone with no job or low-paying job.
Have several kids.
Live in an expensive area.
Have a long commute to work.
Eat out at restaurants several times per week
Go on trips you probably shouldn't.
Allow in-app purchases
I might know from experience there.
1. Guy lived in same apartment from day one of out college. Never bought a new car. Never worried about material things. Maxed out 401k. Retired on his 40th birthday.
Now, he's late 40s, no kids, and alone... but he likes to travel to go fishing/scuba, and he gambles. But that's it. We used to see this guy all the time, and have seen him once since retirement.
2. Guy lived in same house from day one out of college. Worked for same company his entire career. Never had kids. Never got married. Never really purchased anything extravagant. Could have retired in 40s, but his job was so easy and liked it, he went to age 60. His last day was his birthday. (worked for me)
3. Roommate was into penny stocks and investing on the side. Trades got bigger and bigger and eventually made enough to quit his job and just trade for fun.
4. Parent of a kid's friend started a kiosk in a mall, and then opened several kiosks. Created a franchise and has stores all over the place. Works hard, but sure seems to have free time.
5. Best friend earns a great living, but both parents died within a year. Inherited a shiat ton of money and property.
6. Guy I went to high school married a girl who's father died in an accident and had received a huge settlement.
lol, those are some off the top of my head.
Here's how NOT to do it.
Get married to someone with no job or low-paying job.
Have several kids.
Live in an expensive area.
Have a long commute to work.
Eat out at restaurants several times per week
Go on trips you probably shouldn't.
Allow in-app purchases
I might know from experience there.
Posted on 3/31/23 at 2:38 pm to hawgfaninc
1. Never borrow money for anything that won't appreciate in value.
2. Pay your credit card balances in full every month, no exceptions.
3. Buy cheap used cars until you can afford to pay cash for new vehicles.
2. Pay your credit card balances in full every month, no exceptions.
3. Buy cheap used cars until you can afford to pay cash for new vehicles.
Posted on 3/31/23 at 2:39 pm to hawgfaninc
Invest in a timeshare
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