Retiring by 40: A Journey

Active Duty Military 🇺🇸 Investing 💰 MMOs 🎮
Follow me on my road to Financial Independence.
Mission: Mentoring young Military to Wealth.

[Retiring by 40: A Journey @RetireWithDanny]

33 Years Old
Husband and Dad of 2.
Active Duty Military since 18.
Joined with $0 to my name.

TSP(government 401k): $275k
Roth IRA: $29k
Taxable: $200k
Custodial Brokerage for Kid: $10k
Home Equity: $40k
2016 VW GTI: Paid Off
2024 Kia Telluride: Paid Off
Cash: 30k

Approximate Net Worth: ~$640k

Updated from a year ago where I've gained approximately 40k of net worth, mostly affected by losses in my Taxable, balanced by gains in non-taxables.

[Retiring by 40: A Journey @RetireWithDanny]

My argument against the people saying $SBUX is going bankrupt:

When Blockbuster was at its peak, it had a market cap of 3 Billion. $SBUX has a market cap of about 85 Billion, with over 3 Billion cash on hand. It has more cash than the entire company of blockbuster was worth. Granted inflation plays a huge part of this, I get that, but my point being $SBUX has PLENTY of wiggle room to pivot and grow their business even more. They just have to decide what to do to bring more shareholder value, which I think they'll definitely pull off, as huge as they are.

Just like $DIS, They aren't going anywhere. Definitely long $SBUX, and buying this fear.

[Retiring by 40: A Journey @RetireWithDanny]

@necron99 @mistressdivy Thanks for the serious reply and insight.

[Retiring by 40: A Journey @RetireWithDanny]

@necron99 @mistressdivy Interesting spread.

I'd love to hear a brief explanation as to why for each of these.

[Retiring by 40: A Journey @RetireWithDanny]

@GrindeOptions So will I when I get assigned 500 shares tomorrow. 😂

[Retiring by 40: A Journey @RetireWithDanny]

@Don_Leverage I was I had a casual $365k to run fun experiments like this. Fun to watch though!

[Retiring by 40: A Journey @RetireWithDanny]

@RensingTrades Unless you're admitting to a felony, taxes should be the only answer.

[Retiring by 40: A Journey @RetireWithDanny]

@SkyyTheeGuy To win the iPad, yes. But I'll still probably spend money today. Maybe. Who knows.

I spend guilt free, since my jnvestments are automated.

[Retiring by 40: A Journey @RetireWithDanny]

@buyingincome You're*

[Dividendology @dividendology]

The first 100k is the hardest.

We hear it often, but it is completely true.

The snowball starts rolling faster and faster.

[Retiring by 40: A Journey @RetireWithDanny]

@DrCoryC A couple years ago before my body decided to get RA.

[Retiring by 40: A Journey @RetireWithDanny]

@GlennDivInvest Got $93.28 from $O myself.

[Retiring by 40: A Journey @RetireWithDanny]

@GlennDivInvest 1.04%

[Retiring by 40: A Journey @RetireWithDanny]

@BenArbov I use Schwab for all outside 401k investing.

[Retiring by 40: A Journey @RetireWithDanny]

Alright,
Got my new kid's Custodial account all set up, and initial funding transferring.

What positions should he open on Monday?!

[Retiring by 40: A Journey @RetireWithDanny]

@BenArbov 14 days. And I do both! He owns $VOO, and a handful of individuals he can DCA into.

Same with my 3 year old.

[Retiring by 40: A Journey @RetireWithDanny]

@DecadeInvestor Does my "401k" I've been contributing to since 18 count as my foundation?

[Retiring by 40: A Journey @RetireWithDanny]

@Richard_Kadrey How often/likely are you to tour for book signings and/or comicons assuming the Sandman Slim movie is successful? Are tours like that something an agent would ask of you? Or something you'd plan to do yourself?

[Retiring by 40: A Journey @RetireWithDanny]

@MarketPalmer_ Two come to mind:

My oldest posession - a handcarved tiki head my parents bought me in Jamaica in 1996. I was 5. Still have it to this day after several moves with the military.

A professionally framed poster signed by 6 survivors of the USS Indianapolis.

[Retiring by 40: A Journey @RetireWithDanny]

@GeneralMills
@KelloggsUS
$GIS, $KLG

#makecerealboxesfuntoreadagain
#mcbftra

[Retiring by 40: A Journey @RetireWithDanny]

@paul_k_0907 @BusinessFamous Both of my kids started at about 14 days old. The day they got their SSCs.

Those lucky assholes have no idea the wealth building power they're going to have.