If you had/have $200k invested and you wanted to use it for a down payment you can borrow against your portfolio without having to sell anything.
M1 finance rate right now is 8% so let’s say you borrow $50,000. Your monthly bill gonna be around $333 on the loan.
You use $50k to buy a rental property. Hopefully cashflow enough to pay the loan back every month maybe even more.
Your $200k is still in the stock market growing, you now have a rental, you sold nothing.
If your $200k is invested properly you’re making more than the loan rate your positive anyway.
Lowest barrier to entry for “status signaling”. Some might actually have a wanderlust gene but a lot of people are just performing for strangers and would not be “living” as much if they couldn’t record and distribute it
Growth of $10,000 since Jan 2020:
High yield savings account - $12,021
$VOO (S&P 500) - $25,373
You have to invest to build wealth & protect your money against inflation
HYSA is not a good account for the long term. It's only for emergency funds/major future purchases.
Three ways to win in this job market:
Pick a career no one wants to do.
Pick a career with long time horizon to get qualified.
Pick a career that everybody cant do.
AGEISM IN HIRING IS REAL
A 56-year-old communications executive with decades of experience has been unable to land a full-time role since his 2023 layoff.
Six interviews with one employer ended without a single response. Ghosted.
It’s worse than ever for 50+ layoffs.
This is why I started a side account where I invest $35 a week. Most people don’t see a benefit to investing unless you’re investing a large sum of money every month.
The amount of ppl who really just out here with no savings, ROTH, 401k, just nothing is scary. Idc if it’s $20, put it in a Roth, HYSA, 401k, something! Teach your kids financial literacy.
Not to sound ancient but teenagers today have literally ZERO cinema etiquette. If you can’t stay off your phone or watch a film without talking… don’t fucking go to the cinema. Mental how generations before all knew to shut the fuck up when the trailers stop.