My rent: $2,400
This is not the same as a $2,400 mortgage.
So the next time someone tells me I'm throwing away money and should buy a house and build equity, I'll be sure to remind them of all the hidden costs of being a homeowner:
- Private mortgage insurance
- Homeowner's insurance
- Property taxes
- HOA fees
- Water & trash
- Maintenance
- The downpayment that could have been invested
- Closing costs
- Emergency costs
May 3, 2024 • 4 tweets • 1 min read
Let me give you some secret car-buying tips from an expert negotiator.
As someone who managed to score a brand new $80k car for a cool $59k, let me share the most invaluable tips I learned from car salesmen themselves:
👇
1. Buy your car at the end of the month. Even better, end of a quarter.
2. Don't settle for the interest rate, negotiate it.
3. Don't spill the beans on what you want for your car trade-in.
4. In fact, don't even bother trading it in. Sell it yourself privately.
👇
Mar 29, 2023 • 6 tweets • 1 min read
Today is my birthday 🙂
If you thought I’d stop talking about finance even on my birthday, think again.
I want to talk about time billionaires.
A time billionaire (coined by Graham Duncan) means you have a billion seconds of life to live.
A billion seconds ≈ 31 years 👉🏼
At 33, I have now lived over a billion seconds, and I look forward to my next billion seconds.
So where did I hear about time billionaires and why should you care?
I heard about it in 2019 on a podcast with Graham Duncan and Tim Ferris. 👉🏼
Feb 26, 2023 • 4 tweets • 1 min read
I'm a huge proponent of emergency funds. But what about a different type of reserve that serves as your "Get Out of Jail Free" card?
Enter the FU Fund. The fund that empowers you to utter a cathartic expletive to your boss or partner and take control of your life's direction.
The FU Fund is more than just a means of escaping unpleasant situations; it's a strategic financial tool that allows you to make career or relationship decisions without compromising your financial security.
Nov 12, 2022 • 5 tweets • 1 min read
We’re in a recession and the U.S. inflation rate is at 7.75%.
Here are 5 things you can do right now to help your financial situation:
1. Increase your emergency fund. Due to inflation, it’s likely that your monthly expenses have increased.
2. Increase your income.
- Ask for a raise (if it makes sense)
- Sell shit you no longer use
- Start a side hustle
- Take on a part-time job
- Ask to work overtime for an extra few hours if you can
