Jrod Money 🇺🇸

Paid off 30k in debt and now building wealth with simple investing. I coach you on how to do the same

[Jrod Money 🇺🇸 @lamcorianoId]

The median 401k balance for people aged 35-44 is only $28,318

A crisis

Also, 63% of Americans do not know how 401ks work

So here are 9 facts about 401ks that everyone should know:

[Jrod Money 🇺🇸 @lamcorianoId]

• Get some paper
• Write your income at the top
• Log into your bank account
• Subtract all your expenses

If you don’t have money left
You have work to do

[Jrod Money 🇺🇸 @lamcorianoId]

Rate my mug

(Contains homemade coffee)

[Jrod Money 🇺🇸 @lamcorianoId]

Some of y’all gonna be mad when you’re no longer blocked by Dave Ramsey

[Jrod Money 🇺🇸 @lamcorianoId]

Ill take it

[Jrod Money 🇺🇸 @lamcorianoId]

Hope you found this thread helpful

If you did, then give it a repost and shoot me a follow.

I talk about all the money stuff that I wish I knew in my 20s

See ya in the next one

-Jrod

[Jrod Money 🇺🇸 @lamcorianoId]

I know everyone says it

But low-cost index funds are the easiest way to build wealth

Here's the best place to start:

[Jrod Money 🇺🇸 @lamcorianoId]

All of these funds either track the total market or the S&P 500 which are perfect places to get started.

All low cost too.

You don't have to buy all of these. Just pick one and start

Let me know below if I missed one.

[Jrod Money 🇺🇸 @lamcorianoId]

Average car payment is now $716 a month

You can max a Roth IRA by investing $541

Your car payment is costing you your financial future

[Jrod Money 🇺🇸 @lamcorianoId]

You deserve to be debt free

[Jrod Money 🇺🇸 @lamcorianoId]

Here’s the best things I ever did for my finances

- Marry my wife
- Choose to not use debt
- Not be a “car guy”
- Go to community college
- Started investing in my 20s
- Not caring what others think

It’s these things that move the needle

[Jrod Money 🇺🇸 @lamcorianoId]

Bought a coffee this morning

Well it was a good run

[Jrod Money 🇺🇸 @lamcorianoId]

My boss took all of his retirement to 100% cash middle of last year

He is set to retire in 3 years

What should he do?