James Milani

[James Milani @JamesMilani1]

They will have $214,066, or $17,838/mo. in cash flow to fund everything else in their life for living. This includes, cars,boats,vacations,groceries,home improvements, etc.,

Thoughts?

[James Milani @JamesMilani1]

Realistic Financial Scenario:

Married Couple in NY:

Income: $591k

Fed Tax: $120k
State tax: $31,165
Social Security: $11,439
Medicare: $11,201
Family leave: $411

Total Taxes: $174,216

Health Insurance: $13,200
Car Insurance: $3,500
Life Insurance: $7,200
Homeowners: $3,500

[James Milani @JamesMilani1]

Total Insurance: $27,400

Savings/Investments

401(k) — $24,500 + ($10,000 match)
After-tax contr. — $10,000
HSA — $8,750
529 — $10,000

Total Savings: $63,250

Housing:

$880k mortgage - $85,000
Property Tax — $17,500
Utilities — $10,000

Total Housing: $112,068

What is left?

[James Milani @JamesMilani1]

A Sicilian pepperoni pizza, regular pie & dozen garlic knots… $66 🥵

[James Milani @JamesMilani1]

@ramit @JDonzeroni @cyepler @NYCMayor Agreed. There’s two flavors (D&R) of blind ignorance. The rights, as you summed up accurately, but also the lefts, which has equally damning blind ignorance and quotable tropes.

Each would serve themselves to utter ignorance less, read more, and apply thoughtful comprehension

[James Milani @JamesMilani1]

@ramit @JDonzeroni @cyepler @NYCMayor I don’t like resorting to condescension and signally virtue. It’s why dems, despite policy debate, are viewed as talking down to others. It could easily be reversed and would be equally patronizing.

[James Milani @JamesMilani1]

@NotA_Bull Backtest index fund returns. Wrong. Your advice is to gamble with the odds far against you.

[James Milani @JamesMilani1]

@retireearlybro Now give me age, health, lifestyle, debt, inheritance , family situation … this is an unserious post.

[James Milani @JamesMilani1]

@zachmelloh26 I don’t understand the thought of keeping years of expenses in cash. It’s a portfolio drag over the course of a retirement. It doesn’t help over the course of a persons life. It’s prohibitive. Makes their probability worse.

[James Milani @JamesMilani1]

@alphafox Lollll

[James Milani @JamesMilani1]

@ramit First calculate the future value of $45k today using CPI… then recalculate. Becomes a $75k roof before you know it

[James Milani @JamesMilani1]

@markcecchini What’s your computer setup for the home office?

[James Milani @JamesMilani1]

@klara_sjo Lmaoo

[James Milani @JamesMilani1]

@GuyTalksFinance Come to Long Island to pay $18k/yr and your tune would change

[James Milani @JamesMilani1]

@NYCMayor @PIX11News Yes let’s add more layers of cost to see if we can save cost

[James Milani @JamesMilani1]

@oghowie @Investor_NICK_ He literally said they were going to be put out of business in like a 12 months timespan 😂

[James Milani @JamesMilani1]

@chamath Bottom

[James Milani @JamesMilani1]

@Acyn lol this was actually a good one

[James Milani @JamesMilani1]

@thesamparr Appreciate the response! I’m not counting $HUBS out yet!! #TrustInYamini

[James Milani @JamesMilani1]

@thesamparr not meant to be a pissy question, but as a fellow shareholder…

Feeling about $HUBS down -56% over the last year? Hope you didn’t keep too much riding here. You had mentioned in the past you owned 7+ figures.

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