Money Is Boring | Phil

Build | Teach | Invest

Being rich is fun. Getting rich is boring.

The best investments aren't interesting. Might as well get there together!

[Money Is Boring | Phil @moneyisboring]

Food delivery is ridiculously expensive

[Accidentally Retired @AcdntlyRetired]

I retired at 36.

Yet, I never worked over 40 hours a week, rarely traveled for business, and changed careers multiple times.

I ignored society’s rules.

Here are 12 society norms to break if you want to build wealth and a happy life:

[Money Is Boring | Phil @moneyisboring]

I have a virtual assistant. She's a goddamn lifesaver. She helps organize my calendar, maintain my task list, and is just a great sounding board when I'm brainstorming.

Does anyone else use virtual assistants?

[Money Is Boring | Phil @moneyisboring]

Wow there is a lot of bad advice on the internet

[David | Filled With Money @FilledWithMoney]

FHA mortgage delinquencies increased to 10.61% in 4Q ‘22.

Is it starting?

[Money Is Boring | Phil @moneyisboring]

Half of people will have nothing saved for retirement 😬

[David | Filled With Money @FilledWithMoney]

A $400k mortgage at 2.75% is $1.6k/mo.

A $250k mortgage at 6.75% is $1.6k/mo

Price has to decline by 37.5% for the same monthly payment.

This isn’t good.

[Money Is Boring | Phil @moneyisboring]

@Budgetdog_

[Money Is Boring | Phil @moneyisboring]

Max out your tax-advantaged accounts as fast as you can, or spread it out throughout the year?

[Blind Luck @Blind__Luck]

Where do you sit on the cashflow quadrant?

[Money Is Boring | Phil @moneyisboring]

@DelyanneMoney Wait what's embarrassing about that!? Delegating is awesome! Where do you find your people?

[Money Is Boring | Phil @moneyisboring]

Smh

[Money Is Boring | Phil @moneyisboring]

Not my usual flavor of boring but I'll bite, I like cash flow and improving the status quo

[Codie Sanchez @Codie_Sanchez]

Buying boring businesses is a fast-track to positive cash flow.

BUT, most people suck at buying the RIGHT ones.

Here's an easy framework I've used in 100+ deals (that actually works):

[Money Is Boring | Phil @moneyisboring]

Oh

[ADHD Jesse @adhdjesse]

If homework feels impossible, but tests are easy (maybe even fun?), you might want to look into ADHD.

[Kelly @SelfMadeMastery]

Unpopular opinion:

You CAN get wealthy with a boring salary job and no side hustle.

You just have to seriously dial-in your investment strategy, lifestyle, and spending habits.

Sacrifices have to be made somewhere.

[Money Is Boring | Phil @moneyisboring]

Breakfast cereal in the US is either a bowl of sugar or a bowl of cardboard. Change my mind

[Money Is Boring | Phil @moneyisboring]

@Thefrugalgay11 As someone who lives in Seattle the hardest one... is the sun 🌞

I wish we had more sun here!

[Money Is Boring | Phil @moneyisboring]

@UncommonYield @OnePercntBetter @HeroDividend Thanks for clarifying!! I was wondering what was up 😅

[Habits & Hustles @HabitsNHustles]

I officially figured out how to shop at Costco to keep it under $100

No cart. If you want to buy it, you need to carry it.

in and out this morning for $57 🔥

[Money Is Boring | Phil @moneyisboring]

@SeptemberAcres I have the same situation but with monitor cables. Whyy