Blake | PathwayToFI

💰 Financial Independence (FI) educator 🚀 Former chief engineer 📈 FI at 36 🏘️ Real estate & index fund investor 🌏 World traveler

[Blake | PathwayToFI @PathwayToFI]

Simplest path to make your kid a millionaire:💰

Invest $6k in a 529.
After 15 years, it will be worth $27k.

Don’t spend it on college.
Convert it to a Roth IRA.

Let it ride for 40 more years.
Your $6k gift will grow to $1.4M!

Better yet, it’s all tax free!! 🤑

[Blake | PathwayToFI @PathwayToFI]

“Wealth” is money not spent.

“Rich” is money already spent.

Acting rich without having wealth is a dangerous game, regardless of income.

[Blake | PathwayToFI @PathwayToFI]

@RetireEarly70 Best we can do: just keep buying.

[Blake | PathwayToFI @PathwayToFI]

I like engineering.

Just not full-time, all the time.

After a 15-year career, I found a better balance:

Two mini-retirements with part-time engineering work in between.

I get to keep doing work I enjoy without letting it take over my life.

That’s what financial independence makes possible.

[Blake | PathwayToFI @PathwayToFI]

Sure. They’ve been amazing for me.

Great way to try new things. Have experiences you’ve been dreaming about but don’t fit into the standard weekend and vacation schedule. Reset if you’re burnt out. Step back and contemplate life.

I’d recommend doing it from a place of financial strength, though. You want to have peace of mind that your job is there when you return and/or you don’t need the income for many months beyond the planned timeframe.

[Blake | PathwayToFI @PathwayToFI]

I like engineering.

Just not full-time, all the time.

After a 15-year career, I found a better balance:

Two mini-retirements with part-time engineering work in between.

I get to keep doing work I enjoy without letting it take over my life.

That’s what financial independence makes possible.

[Blake | PathwayToFI @PathwayToFI]

@shirazghauri97 Which is why the process of building wealth should involve diversification to protect what you’ve built.

The more that’s there, the more important it becomes.

[Blake | PathwayToFI @PathwayToFI]

When you’re starting out, your biggest financial asset isn’t your 401(k).

It’s you.

Your skills.
Your education.
Your reputation.
Your ability to earn.

A $10,000 increase in annual income can matter more than obsessing over whether your portfolio earns 8% or 9%.

Build the asset that produces your paycheck.

Then turn that paycheck into assets that produce money without more work.

[Blake | PathwayToFI @PathwayToFI]

@TheMattViera Okay got it. That’s great too.

[Blake | PathwayToFI @PathwayToFI]

@rahbar_rod As a teenager, I bought a REIT that owned big commercial buildings and rented to companies like Coca-Cola.

Paid a 6.5% dividend if I remember correctly.

And I cashed it out after college for a down payment on a house.

[Blake | PathwayToFI @PathwayToFI]

@TheMattViera That’s awesome.

There’s a lot to be said about the schedule of a teacher.

[Blake | PathwayToFI @PathwayToFI]

@TheMattViera @DMurrayInvests @grok

[Blake | PathwayToFI @PathwayToFI]

@DadisFIRE There’s so much more that I want to do with life than earn money.

I just needed to earn and grow my money before some of them were possible.

[Blake | PathwayToFI @PathwayToFI]

@darrelltalksfi It’s a financial education problem.

[Blake | PathwayToFI @PathwayToFI]

@TheMattViera That’s right.

More money doesn’t change bad money habits.

It only amplifies them.

[Blake | PathwayToFI @PathwayToFI]

When you’re starting out, your biggest financial asset isn’t your 401(k).

It’s you.

Your skills.
Your education.
Your reputation.
Your ability to earn.

A $10,000 increase in annual income can matter more than obsessing over whether your portfolio earns 8% or 9%.

Build the asset that produces your paycheck.

Then turn that paycheck into assets that produce money without more work.

[Blake | PathwayToFI @PathwayToFI]

@Invested_In_You Maxing out an HSA and investing the contributions is a great move that most people can make, whether business owners or employees.

[Blake | PathwayToFI @PathwayToFI]

@TheMattViera Good so far.

Costs are low, people are friendly, and food is good.

[Blake | PathwayToFI @PathwayToFI]

Thailand is a great place to break the credit card spending habit.

Most businesses operate on cash.

No cash, no purchase.

The best budgeting tool isn’t an app.

It’s spending only what you have.

[Blake | PathwayToFI @PathwayToFI]

Thailand is a great place to break the credit card spending habit.

Most businesses operate on cash.

No cash, no purchase.

The best budgeting tool isn’t an app.

It’s spending only what you have.

[Blake | PathwayToFI @PathwayToFI]

@TheMattViera Chiang Mai.