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re: What’s the smartest financial decision you’ve ever made?
Posted on 8/5/26 at 4:24 pm to FlyingTigerBo
Posted on 8/5/26 at 4:24 pm to FlyingTigerBo
Going to college and grad school at the absolute cheapest cost so I avoided any student loans.
0
Posted on 8/5/26 at 4:52 pm to Willie Stroker
quote:
And should mention, tithing/giving as a follower of Jesus.
Can you elaborate as to the financial benefits?
Sure.
Mostly spit-balling so here goes:
1) When one practices giving, it pleases God.
"Give, and it will be given to you. Good measure, pressed down, shaken together, running over, will be put into your lap. For with the measure you use it will be measured back to you.” Lk. 6:38
Don't miss the principle: if you give to get you're missing it. If you give to get to give, you've got it.
2) In almost 30 years of marriage, my wife and I have never quibbled over money. Not once. God has been faithful to provide. Again, don't misunderstand. It is not that we earn or merit His favor. It is that we open ourselves for the blessings that He so graciously bestows.
3) It changes your financial appetites.
"But seek first the kingdom of God and his righteousness, and all these things will be added to you." Mt. 6:33
For two kids that started with nothing (I took up payments on my mom's Toyota Tercel when I left home and everything I had was in the backseat/hatchback), we have no debts. We've lived frugal. I was able to retire early. We have peace.
Posted on 8/5/26 at 5:22 pm to FlyingTigerBo
You sure ask a lot of fricking questions, don't you.
Posted on 8/5/26 at 7:16 pm to FlyingTigerBo
Eliminating all debt by the age of 40 and paying with cash for everything thereafter
Posted on 8/5/26 at 7:25 pm to FlyingTigerBo
Getting out of and staying out of debt and never caring about the Jones of this world
Posted on 8/5/26 at 8:08 pm to FlyingTigerBo
Making more money than I ever dreamed of. Uncapped commission structures are great.
Posted on 8/5/26 at 8:41 pm to FlyingTigerBo
After Katrina, I was given an opportunity to refinance my student loans for 20 years at 1.5 percent interest fixed.
I will always repay loans at a rate lower then inflation…
I will always repay loans at a rate lower then inflation…
Posted on 8/5/26 at 8:45 pm to Cycledude
quote:
Investing in Nvidia.
This + AMD. I put all my earnings from a home sale (six figures) into NVDA when it was low $130s. It has close to doubled.
Posted on 8/5/26 at 9:04 pm to FlyingTigerBo
I prayed to God to bless my giving money away, some in the plate, some in poor folks pocket. I still have people I give to regularly.
Ever heard of the Prayer of Jabez? It was a prayer for the house of Israel but I took it personally when I was in a desperate situation. I took God at his word and it changed my whole outlook on life.
Jabez called upon the God of Israel, saying, “Oh that you would bless me and enlarge my border, and that your hand might be with me, and that you would keep me from harm so that it might not bring me pain!” And God granted what he asked. (1 Chronicles 4:9–10)
It really is my daily walk with God.
Ever heard of the Prayer of Jabez? It was a prayer for the house of Israel but I took it personally when I was in a desperate situation. I took God at his word and it changed my whole outlook on life.
Jabez called upon the God of Israel, saying, “Oh that you would bless me and enlarge my border, and that your hand might be with me, and that you would keep me from harm so that it might not bring me pain!” And God granted what he asked. (1 Chronicles 4:9–10)
It really is my daily walk with God.
Posted on 8/5/26 at 9:14 pm to FlyingTigerBo
paid off all debt
dumped all our money into VITAX at 109
sold my company at its peak
now I garden and smoke weed, with a little traveling
dumped all our money into VITAX at 109
sold my company at its peak
now I garden and smoke weed, with a little traveling
Posted on 8/5/26 at 9:17 pm to FlyingTigerBo
Jumped into stock market in March of 2020 with all my play money. Truly best timing ever.
Posted on 8/5/26 at 9:18 pm to FlyingTigerBo
Never ever EVER touching my 401k. Rolled it over again and again. Some lapses in contributing to it. But never stupid enough to cash it out or even borrow off of it.
Posted on 8/5/26 at 9:20 pm to northgate5
I don’t understand the math that yields $200K in rollovers.
529s allow a maximum of $35K to be rolled over and it’s not until they are 18 that it can be used against their annual maximum.
Trump accounts…there’s still questions of the tax treatment of these accounts.
The premise of your post I am in complete agreement on…but I just don’t track your figures.
529s allow a maximum of $35K to be rolled over and it’s not until they are 18 that it can be used against their annual maximum.
Trump accounts…there’s still questions of the tax treatment of these accounts.
The premise of your post I am in complete agreement on…but I just don’t track your figures.
Posted on 8/5/26 at 9:22 pm to FlyingTigerBo
At 18 I worked in a fab yard and our Company President was also an owner in a local bank. Every new hire that came in through orientation went through his spill of getting into a 401k. He showed us what putting just $1000 a yr into a 401k would amount to at retirement age. I headed his advice and Lord willing and the market keeps growing Ill have close to 2mil at 59. My wife has more than me.
So my best financial decision were investing early in a 401k, and marrying a frugal woman who now makes more than me.
My son just made 22, he already has about 25k in a traditional IRA, rolled over from a previous job, 10k in a Roth and about 15k in his new company's 401k. He's well on his way to retiring early. He also has some stocks that he dabbles in that hes doing surprising well with.
So my best financial decision were investing early in a 401k, and marrying a frugal woman who now makes more than me.
My son just made 22, he already has about 25k in a traditional IRA, rolled over from a previous job, 10k in a Roth and about 15k in his new company's 401k. He's well on his way to retiring early. He also has some stocks that he dabbles in that hes doing surprising well with.
Posted on 8/5/26 at 9:23 pm to FlyingTigerBo
Discipline. The creation and trust is repeatable, passive financial processes over decades.
Strangely, I put very little value on home ownership…think it is overblown by most people. But, we got lucky when we bought. 3% rate locked in and home appreciated 50% in two years.
Strangely, I put very little value on home ownership…think it is overblown by most people. But, we got lucky when we bought. 3% rate locked in and home appreciated 50% in two years.
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