Finance
Personal Development
Investment
Real Estate
Personal Finance
Financial Planning
Debt Management
When you're consistent and patient, results happen.
My net worth:
Age 31 = -$99K
Age 32 = -$62K
Age 33 = -$48K
Age 34 = +$8K
Age 35 = +$78K
Age 36 = +$172K
Age 37 =+$330K
Age 38 = +$416K
Age 39 = +$670K
Age 40 = +$904K
Age 41 = +$1M
Find out the exact actions I took below.
My net worth:
Age 31 = -$99K
Age 32 = -$62K
Age 33 = -$48K
Age 34 = +$8K
Age 35 = +$78K
Age 36 = +$172K
Age 37 =+$330K
Age 38 = +$416K
Age 39 = +$670K
Age 40 = +$904K
Age 41 = +$1M
Find out the exact actions I took below.
Age 31 = -$99K
No actions here.
Practiced avoidance.
Was drowning in debt.
Maxed out my credit cards.
No actions here.
Practiced avoidance.
Was drowning in debt.
Maxed out my credit cards.
Age 32 = -$62
Bought a fixer-upper for $49K.
Renovated the property.
Worked part-time job on weekends.
Listed all my debts.
Calculated my annual interest expense.
Contributed more at 9-5.
Bought a fixer-upper for $49K.
Renovated the property.
Worked part-time job on weekends.
Listed all my debts.
Calculated my annual interest expense.
Contributed more at 9-5.
Age 33 = -$48K
Created a plan to minimize interest.
Refinanced my house to lower rate.
Refinanced my car to lower rate.
Consolidated high-interest credit cards.
Sold a loss-generating duplex at a loss.
Got promoted at 9-5.
Continued part-time work on weekends.
Created a plan to minimize interest.
Refinanced my house to lower rate.
Refinanced my car to lower rate.
Consolidated high-interest credit cards.
Sold a loss-generating duplex at a loss.
Got promoted at 9-5.
Continued part-time work on weekends.
Age 34 = +8K
Celebrated first positive net worth.
Reduced my expenses BIG time.
Started using 0% credit card deals.
Paid off $30K debt.
Retirement grew $26K (contributing 10%).
Self-published first book, little sales.
Celebrated first positive net worth.
Reduced my expenses BIG time.
Started using 0% credit card deals.
Paid off $30K debt.
Retirement grew $26K (contributing 10%).
Self-published first book, little sales.
Age 35 = +$78K
Continued living on little expenses.
Used multiple 0% credit card deals.
Spent a lot of time working at 9-5.
Paid off $50K debt.
Retirement grew $21K (contributing 10%).
Continued living on little expenses.
Used multiple 0% credit card deals.
Spent a lot of time working at 9-5.
Paid off $50K debt.
Retirement grew $21K (contributing 10%).
Age 36 = +$172K
Continued living on little expenses.
Paid off all debt this year.
Paid off $96K debt by selling fixer-upper.
Retirement grew $30K (contributing 10%).
Continued living on little expenses.
Paid off all debt this year.
Paid off $96K debt by selling fixer-upper.
Retirement grew $30K (contributing 10%).
Age 37 = +330K
Continued living on little expenses.
Started investing in index funds.
Retirement grew $62K (contributing 22%).
Investment accounts grew $96K.
Self-published second book, little sales.
Continued living on little expenses.
Started investing in index funds.
Retirement grew $62K (contributing 22%).
Investment accounts grew $96K.
Self-published second book, little sales.
Age 38 = +$416K
Continued living on little expenses.
Continued investing in index funds.
Flipped property, profited $35K.
Retirement grew $28K (contributing 22%).
Investment accounts grew $32K.
Continued living on little expenses.
Continued investing in index funds.
Flipped property, profited $35K.
Retirement grew $28K (contributing 22%).
Investment accounts grew $32K.
Age 39 = +$670K
Continued investing in index funds.
Flipped property, profited $25K.
Retirement grew $101K (contributing 22%).
Investment accounts grew $126K.
The market was hot this year.
Self-published third book, little sales.
Continued investing in index funds.
Flipped property, profited $25K.
Retirement grew $101K (contributing 22%).
Investment accounts grew $126K.
The market was hot this year.
Self-published third book, little sales.
Age 40 = $904K
Continued investing in index funds.
Equity in property grew $20K.
Retirement grew $111K (contributing 22%).
Investment accounts grew $107K.
The market was hot this year.
Continued investing in index funds.
Equity in property grew $20K.
Retirement grew $111K (contributing 22%).
Investment accounts grew $107K.
The market was hot this year.
Compounding & consistency really work.
They're slow, but they pay off in the long run.
YOU can do this too.
- Create a plan.
- Work hard.
- Get control.
They're slow, but they pay off in the long run.
YOU can do this too.
- Create a plan.
- Work hard.
- Get control.
If you enjoyed this thread:
1. Follow me @iamcoriarnold for more of these
2. RT the first tweet to share this thread with your audience
1. Follow me @iamcoriarnold for more of these
2. RT the first tweet to share this thread with your audience
Imagine:
- being debt-free
- accumulating real wealth
Win With Your Money 101 provides:
- Excel templates for tracking & budgeting
- debt payoff hacks and strategies
- step-by-step action plan
udemy.com
- being debt-free
- accumulating real wealth
Win With Your Money 101 provides:
- Excel templates for tracking & budgeting
- debt payoff hacks and strategies
- step-by-step action plan
udemy.com
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