You do not have to be a great employee to get all the money. I have worked with a lot of people who have failed upwards. The go the extra mile culture is terrible. You only need 2 of 3 things to succeed: be liked, do good work, be on time.
Interesting point of view. We often see others as we see ourselves. If we’re a go-getter we assume that other people want to get ahead or work hard too, but that is simply not true of most people. I think this is why so many “go-getters” start their own business, because it keeps them from being dragged down by a lame job and listless coworkers.
Great show! Just super curious why you decided against covering the total contributing limit of 401k plans, which includes employer contribution + AFTER tax contributions increased from $66,000 in 2023 to $69,000 2024? Most employer plans now include AFTER tax option, dubbed the Mega door Roth. I know people that contributed $60,000 to their 401k Roth + received $6000 employer contribution for a total of $66,000 in 2023. Be great if you could share this with your audience - super charge AFTER tax retirement income. Also be great if you could cover the rule of 55 - assuming you have no income, can start receiving tax and penalty free income from your 401k plan.
Why does Mindy’s husband think he can do better picking single stocks than just investing in total stock market and similar index funds? People employed full time on Wall Street can’t beat the market, how does he have any chance?
Not sure he thinks he can, he invested early in some stocks like tsla and between the growth and splits I think it just makes up more if their portfolio. He may (unsure) also invest in tech companies that haven’t ipo due to his knowledge of technology that not everyone has but at the very least it sounds like they invest in ETFs that are technology based.
It sounds like he bet big on tech, likely stocks of the the big tech companies that make up the top five or 10 companies in the US, in addition to that there are ETFs that contains significant allocations of these stocks within them, which is my preferred way of investing. I go 50-50 QQQm and XLK (tech heavy ETFs, similar, sounding to what Mindy was describing) which have doubled every five years over the last 20 years, which is pretty good compared to the S&P 500, which is doubled every seven years (still solid returns)
Warren Buffett beat the average. I have beat the average. Stock concentration makes money. Diversified portfolio preserves money. You will have a hard time getting rich in a index fund. Will mostly just beat inflation by a little. Ultra rich make money on individual stocks.
I get it. How dare I treat a vet in such a way and expect braids and everything else when I’m an adult living free and not contributing or showing honor
Glad you are talking about. Kind of tired of all the "get rich through rental properties". A lot harder to be a good landlord than people think.
Also often need to time it right or already be wealthy to afford buying a good property in many areas
100%
You do not have to be a great employee to get all the money. I have worked with a lot of people who have failed upwards. The go the extra mile culture is terrible. You only need 2 of 3 things to succeed: be liked, do good work, be on time.
This is especially true in government jobs.
Any book recommendations on this topic
The corporate world is filled with failing upwards people.
Interesting point of view. We often see others as we see ourselves. If we’re a go-getter we assume that other people want to get ahead or work hard too, but that is simply not true of most people. I think this is why so many “go-getters” start their own business, because it keeps them from being dragged down by a lame job and listless coworkers.
Thank you! Someone said it!
Great show! Just super curious why you decided against covering the total contributing limit of 401k plans, which includes employer contribution + AFTER tax contributions increased from $66,000 in 2023 to $69,000 2024?
Most employer plans now include AFTER tax option, dubbed the Mega door Roth. I know people that contributed $60,000 to their 401k Roth + received $6000 employer contribution for a total of $66,000 in 2023.
Be great if you could share this with your audience - super charge AFTER tax retirement income. Also be great if you could cover the rule of 55 - assuming you have no income, can start receiving tax and penalty free income from your 401k plan.
2:36
28:34 Side Business
Your investment tips were awesome! How about spreading income sources?
Let me finish feeding dog at least?! 6:26
A million in under 20 years 😮
No middle income earner is putting 20-50 k per year in a retirement account
That’s for us making 10 k plus per month
That is the etf to buy
Not sure I want him to go to Bama. I just want to roll with Jam, Justice, and Richard. I don't want any of them to be forced out.
Thanks
Ty
What is CEO level money?
Kinnersley
Dumb question, do you have to apply for Medicare at 65 if you're still working with an employer with an hsa and high deductible plan?
Invest in index fund stock
No att retention
What would u do next
Got it
Find the cash flow positive spouse lol
Gotta build the skill in retention
Why does Mindy’s husband think he can do better picking single stocks than just investing in total stock market and similar index funds? People employed full time on Wall Street can’t beat the market, how does he have any chance?
Not sure he thinks he can, he invested early in some stocks like tsla and between the growth and splits I think it just makes up more if their portfolio. He may (unsure) also invest in tech companies that haven’t ipo due to his knowledge of technology that not everyone has but at the very least it sounds like they invest in ETFs that are technology based.
If he's already been doing it for years and they're winning why do you think he can't? 🧐
It sounds like he bet big on tech, likely stocks of the the big tech companies that make up the top five or 10 companies in the US, in addition to that there are ETFs that contains significant allocations of these stocks within them, which is my preferred way of investing.
I go 50-50 QQQm and XLK (tech heavy ETFs, similar, sounding to what Mindy was describing) which have doubled every five years over the last 20 years, which is pretty good compared to the S&P 500, which is doubled every seven years (still solid returns)
@chuckyduck87 out don't talk about high performing ETFs such as VGT or SMH
Warren Buffett beat the average. I have beat the average. Stock concentration makes money. Diversified portfolio preserves money. You will have a hard time getting rich in a index fund. Will mostly just beat inflation by a little. Ultra rich make money on individual stocks.
Cashflow positive spouse. LOL
No accounting retention better to get
I get it. How dare I treat a vet in such a way and expect braids and everything else when I’m an adult living free and not contributing or showing honor
Let me learn some at least
Ok
Oh ok
I always thought he hated that in the home I had no idea he felt that way
Negotiation law
Can I still work?
No fancy wedding
Retention dept
Nothing that we discussed today. It was a setup
23k and 22k
Now that makes me 😢
Defers taxes
Apologies
The plane
Tech heavy index
Rent and yes I’m a tool
If I woulda known I would’ve shown more honor. I’m really sorry dad
I’m a brat I know
🤘
His multiple streams of income are Mommy and Daddy.
😅
Roth in freedom account
Dad served and I got him cleaning after me lack of honor sorry dad plz forgive me
Att
What's with all the get rich talk? Nobody's getting rich you'll be lucky if you attain financial Independence haha!
Then became a JW who doesn’t stand living in a vets house 😢
I heard when u become a millionaire u get sad cuz u have it all
Ok
Apologies
Ok