Blake | PathwayToFI @PathwayToFI Twitter profile | Pikagi

Pikagi

Blake | PathwayToFI

@PathwayToFI

7,413

Followers

134

Following

402

Media

15,721

Statuses

💰 Financial Independence (FI) Educator 🚀 Former chief engineer 📈 FI at 36 🏘️ Real estate & index fund investor 🏔️ 💡 Not Advice

Colorado, USA

https://t.co/O6Wv0OgESN

Joined July 2022

Don't wanna be here? Send us removal request.

Pinned Tweet

@PathwayToFI

Blake | PathwayToFI

10 days

Simple hack to make your kid a millionaire: Invest $6k in a 529. After 15 years, it’ll grow to $27k. If it isn’t needed for college, convert it to a Roth IRA. If your kid doesn’t touch it for 40 more years, your $6k gift will be worth $1.4M! Better yet, it’s all tax free!

126

50

680

Last Seen Profiles

@sanskriiit

@Soyna1266398

@Yaz35652861

@DeirosDream

@CarolinaMnteiro

@singmatedie

@AlexCampu4

@iomlet

@BravoDaveTX

@TrisBurnedLands

@JeremyVineOn5

@MrCrazy56401440

@mardg21

@36aaly

@garotadobela

@georga_hand

@CRod1701

@tareqkms

@GGFrangelico

@kenbone18

@Stevecgolf

@sektionmur

@magiliwmo

@boku_2020

@sakujeanz

@natsumi92275026

@melxdyyy

@niringning

@lifeofdazz

@isthatmike03

@richyieze

@Mooreonthetopic

@pickleballbp

@harunogimeat

@nyanderful_2023

@iieioe

@PathwayToFI

Blake | PathwayToFI

7 months

Simple hack to make your kid a millionaire: Invest $6k in a 529. After 15 years, it’ll be worth $27k. If it isn’t needed for college, convert it to a Roth IRA. If your kid doesn’t touch it for 40 more years, your $6k gift will be worth $1.4M! Better yet, it’s all tax free!!

104

126

2K

@PathwayToFI

Blake | PathwayToFI

6 months

Is college really worth it? The data speaks for itself. Median net worth: • No high school diploma: $38,100 • High school diploma: $106,800 • Some college: $136,500 • College degree: $464,600

480

101

1K

@PathwayToFI

Blake | PathwayToFI

7 months

Many people’s definition of success: - $1,500,000 house 🏠 - $150,000 car 🚘 - $50,000 boat 🚤 My definition of (financial) success: - $1,000,000 401k 💰 - $250,000 Roth 💵 - $100,000 HSA 🏥 - $0 car payment 🚗 - $0 mortgage 🏡

142

91

1K

@PathwayToFI

Blake | PathwayToFI

7 months

The 529 college savings account is getting an upgrade in 2024! 529 dollars that aren’t used for education can now roll over to your kid’s Roth IRA without taxes or penalties. This is huge for anyone worried about “over-saving” for college. Here are 5 details you need to know:

25

108

1K

@PathwayToFI

Blake | PathwayToFI

1 year

The 529 college savings account is getting upgraded! Starting in 2024, 529 dollars that aren’t used for education can roll over to your kid’s Roth IRA without taxes or penalties. This is huge for anyone worried about “over-saving”. Here are 5 details you need to know:

41

105

953

@PathwayToFI

Blake | PathwayToFI

3 months

US medical billing is a scam. There’s no standard for what hospitals and doctors can charge. And they won’t tell you what it costs until the bill comes. Unless you’re on Medicare or Medicaid. Many people can’t pay, so hospitals will take a fraction of what they billed if it

208

75

915

@PathwayToFI

Blake | PathwayToFI

10 months

Many people’s definition of success: - $1,500,000 house 🏠 - $150,000 car 🚘 - $50,000 boat 🚤 My definition of (financial) success: - $1,000,000 401k 💰 - $250,000 Roth 💵 - $100,000 HSA 🏥 - $0 car payment 🚗 - $0 mortgage 🏡

112

45

735

@PathwayToFI

Blake | PathwayToFI

7 months

If you put $8,300 per year in an HSA—the max for a family in 2024—and invest in a good index fund, it will be worth: $142k in 10 years $525k in 20 years $1.56M in 30 years! Better yet, it’s all tax free!! Are you using the HSA advantage?

114

58

674

@PathwayToFI

Blake | PathwayToFI

4 months

Why is it so easy to borrow $50k to get a dead-end degree, but so hard to borrow $50k to start a well thought out business?

163

59

624

@PathwayToFI

Blake | PathwayToFI

8 months

For those who say “college isn’t worth it”. Median net worth: • No high school diploma: $38,100 • High school diploma: $106,800 • Some college: $136,500 • College degree: $464,600

319

55

598

@PathwayToFI

Blake | PathwayToFI

1 year

The 529 college savings account is getting an upgrade! Starting in 2024, 529 funds that aren’t used for education can roll over to your kid’s Roth IRA without taxes or penalties. This is huge for anyone worried about “over-saving”. Here are 5 details you need to know:

21

61

486

@PathwayToFI

Blake | PathwayToFI

1 year

Hack to make your kid a multimillionaire: Invest $100/month in a 529. After 15 years, you put in $18k. But it’ll be worth $42k. If it isn’t needed for college, convert that money to a Roth IRA. If your kid doesn’t touch it for 40 more years, your $18k gift will be worth $2.3M!

61

75

443

@PathwayToFI

Blake | PathwayToFI

3 months

A ‘normal’ life looks like: - Get a job at 22 - Retire at 65 - Expire at 78 Work 43 years for 13 ‘golden years’? No thanks. A better life (IMO) looks like: - Get a job at 22 - Leave 9-5 at 38 (financially free) - Live a great life for 40+ years! Life doesn’t have to be

111

51

418

@PathwayToFI

Blake | PathwayToFI

1 year

Divorce is the worst bear market you could ever experience. Immediate 50% loss. Not just in the price of your assets, but of the assets themselves! No chance for price to recover. Invest in your marriage. It’s is the best investment you’ll ever make.

85

41

404

@PathwayToFI

Blake | PathwayToFI

6 months

If you’re paying your advisor 1% on a $1 million portfolio that grows 10% per year before fees, that’s: - $10k in fees the first year. - $152k over 10 years! - $512k over 20 years!! - $1.36 million over 30 years!!! You’re paying for your advisor’s beach house. I hope you

164

39

386

@PathwayToFI

Blake | PathwayToFI

2 years

Uncomfortable fact: you’re better off making $200k and paying 30% taxes than $100k and paying 20% taxes.

64

30

379

@PathwayToFI

Blake | PathwayToFI

1 year

Real wealth is NOT: - a private jet - a 100 ft yacht - a house in Aruba Real wealth is: - a cookout with family & friends - a hug & a smile from your daughter - a walk in the woods on Tues at 9am

57

43

352

@PathwayToFI

Blake | PathwayToFI

1 year

If you put $7,750 per year in an HSA—the max for a family in 2023—and invest in a good index fund, it will be worth: $132k in 10 years $490k in 20 years $1.46M in 30 years! Better yet, it’s all tax free!! Are you using the HSA advantage?

54

39

361

@PathwayToFI

Blake | PathwayToFI

6 months

5.3% is the crossover point of 30-year mortgages. Anything over 5.3% will cost you more in interest than principal! Example: A $500,000 mortgage at 5.31% will cost $500,665 in interest. Most of it is paid up front too! About 25% in the first 5 years and 50% in the first 10.

19

55

354

@PathwayToFI

Blake | PathwayToFI

6 months

Unpopular opinion: A 2.75% mortgage is a flex. 💪 Owning your home free and clear is a bigger flex! 💪💪

93

10

341

@PathwayToFI

Blake | PathwayToFI

1 year

Die with Zero by Bill Perkins ( @bp22 ) challenges your ideas about how and when to live your life. It’s a must read if you want to design your best life and be intentional about how you use your money. Here are 7 interesting ideas from the book: 🧵 🧵 🧵

Tweet media one

24

41

332

@PathwayToFI

Blake | PathwayToFI

2 months

Fun fact: A $1M traditional 401k is worth FAR less than a $1M Roth 401k. One gets taxed when withdrawn. The other is free & clear.

208

7

328

@PathwayToFI

Blake | PathwayToFI

1 year

5.3% is the crossover point of 30-year mortgages. Anything over 5.3% will cost you more in interest than principal! Example: A $400,000 mortgage at 5.31% will cost $400,533 in interest. Most of it is paid up front too. About 25% in the first 5 years and 50% in the first 10.

32

49

314

@PathwayToFI

Blake | PathwayToFI

11 months

A $500,000 house with 20% down will cost $558,000 in interest with a 7%, 30-year mortgage. In the first 4 years you’ll pay $109,636 in interest and only $18,102 in principal. This doesn’t count insurance, property taxes, or any other costs of owning a home. Is a 7% mortgage

80

49

307

@PathwayToFI

Blake | PathwayToFI

1 year

@FilledWithMoney Demand has slowed everywhere. Prices have come down with it. But most owners are still sitting on a lot of equity.

21

7

304

@PathwayToFI

Blake | PathwayToFI

1 year

Unpopular opinion: Credit card rewards are overrated. There are better ways to spend your time than applying for cards, managing points, and juggling different cards for each category of spending.

116

13

284

@PathwayToFI

Blake | PathwayToFI

2 years

Look how slowly my first $100k came and how quickly my last $1 million came. The last million was only possible because the first $100k was built. Start building that foundation.

Tweet media one

34

22

279

@PathwayToFI

Blake | PathwayToFI

1 year

Look how slowly my first $100,000 came and how quickly my last $1,000,000 came. The last million was only possible because of the first hundred grand. Build that foundation.

Tweet media one

33

14

273

@PathwayToFI

Blake | PathwayToFI

1 year

@charliebilello This explains why housing inventory is so low. Everyone who bought 3 years ago is “stuck” in their nice, affordable home and mortgage. How could they give that up to move?

28

6

254

@PathwayToFI

Blake | PathwayToFI

7 months

A millionaire is someone with $1M in assets. Not $1M in income. You can become a millionaire without earning a million dollars. Just buy assets and give them time to grow.

59

20

255

@PathwayToFI

Blake | PathwayToFI

7 months

HSA dollars are worth at least 17.65% more than 401k dollars. Here’s why:

17

19

258

@PathwayToFI

Blake | PathwayToFI

1 year

After your investments hit $100k, compounding starts to take over. Without adding another dollar, it grows to: $165k in 5 years $272k in 10 years $448k in 15 years $739k in 20 years Save that first $100k right away!

Tweet media one

32

31

254

@PathwayToFI

Blake | PathwayToFI

1 year

US medical billing is a scam. There’s no standard for what hospitals and doctors can charge. And they won’t tell you what it costs until the bill comes. Unless you’re on Medicare or Medicaid. Many people can’t pay, so hospitals will take a fraction of what they billed if it

40

29

245

@PathwayToFI

Blake | PathwayToFI

9 months

The first $100k is hard. The next $100k is easier. The last $100k happens overnight!

26

20

233

@PathwayToFI

Blake | PathwayToFI

6 months

I live in a mountain town full of vacation homes that people barely use. They buy the dream, but don’t have time to live it. Isn’t it ironic that a vacation home can be the thing that keeps you from taking more vacations?

63

12

235

@PathwayToFI

Blake | PathwayToFI

6 months

Surprisingly unpopular opinion: A college degree is worth it for most people.

111

15

230

@PathwayToFI

Blake | PathwayToFI

11 months

@FilledWithMoney Landlords need to look at the big picture. Good tenants are worth keeping, and sometimes that means lower than market rents!

14

4

222

@PathwayToFI

Blake | PathwayToFI

2 years

My daughter will never be 7 again. I quit to spend time with her. If I was wrong and I need more money to be happy, I can always go back to a 9-5 when she’s grown. But I’ll keep my memories of her childhood and know that I was there for her. Money will return. Time will not.

19

18

220

@PathwayToFI

Blake | PathwayToFI

2 years

The S&P 500 isn’t going to call you in the middle of the night to fix a toilet. So make sure that real estate deal is worth your time when you shift from passive stocks to active real estate.

24

27

214

@PathwayToFI

Blake | PathwayToFI

1 year

The Simple Path to Wealth is a must read for anyone who doesn’t want to spend all their time analyzing investments and just wants to live a rich, free life. Here are 10 great quotes from The Simple Path to Wealth by @JLCollinsNH : (a thread)

Tweet media one

20

39

221

@PathwayToFI

Blake | PathwayToFI

1 year

Early retirement hack to earn over $100k and pay $0 in taxes: A married couple can earn up to $116,950 tax free! A couple with 1 child can earn up to $130,283 tax free! Dividend investors will LOVE this! Here’s how: 👇

10

40

219

@PathwayToFI

Blake | PathwayToFI

1 year

I invested 25-55% of my income for 13 years to achieve financial independence. It’s worth the work. Now I spend my days the way I choose!

17

10

215

@PathwayToFI

Blake | PathwayToFI

2 months

Part-time work is the new early retirement. My wife has been part-time for 9 years. I stopped working full-time 2 years ago. Many of our male & female coworkers are now part-time too! Same benefits, same hourly pay, less stress. What’s not to like?

78

4

213

@PathwayToFI

Blake | PathwayToFI

2 years

If you have $10 in the bank and no debt, you’re wealthier than 25% of Americans!

24

33

197

@PathwayToFI

Blake | PathwayToFI

8 months

Which is better? 1. A $50k salary and $500k net worth. 2. A $100k salary and $50k net worth.

245

13

201

@PathwayToFI

Blake | PathwayToFI

9 months

Too many people grind through their 20s, 30s, and 40s thinking they’re building a better future. Then retire and realize many of their dreams could only be accomplished in their 20s, 30s, and 40s Live your life NOW too!

30

15

198

@PathwayToFI

Blake | PathwayToFI

7 months

In 2024, you can make up to $123,250 in capital gains and pay 0% in taxes! The 0% long-term capital gains tax bracket increased to $94,050 for married filing jointly. The standard deduction increased to $29,200. Both are 5.4% higher than 2023. Add these together, and that’s

22

24

201

@PathwayToFI

Blake | PathwayToFI

1 year

61% of millennials are worried they’ll have to financially support their parents. I’m lucky my dad has a pension. He spends everything he earns. Without his pension, I’d be in that 61%!! Are you worried about your parents’ retirement?

105

15

191

@PathwayToFI

Blake | PathwayToFI

1 year

The good news about the Fed raising rates: High yield savings accounts are now over 5% for the first time since the 1990s. Mine is 5.05%. What’s yours?

64

12

185

@PathwayToFI

Blake | PathwayToFI

1 year

A “normal” life looks like: - Start school at 6 - Get a job at 22 - Retire at 65 - Die at 78 59 yrs of school + work for 13 yrs of the “good life”? No thanks. My life: - Start school at 6 - Get a job at 23 (slow, I know) - Leave job at 38 - Live a great life as long as I can!

36

8

185

@PathwayToFI

Blake | PathwayToFI

1 year

Surprisingly unpopular opinion: A college degree is WORTH IT for most people.

38

15

189

@PathwayToFI

Blake | PathwayToFI

3 months

“I wish I invested in 2015” “I wish I invested in 2018” “I wish I invested in 2020” “I wish I invested in 2022” Stop wishing. Start investing!

Tweet media one

49

23

188

@PathwayToFI

Blake | PathwayToFI

6 months

Fun fact: $100k in a taxable brokerage is worth more than $100k in a 401k. Why? You still owe income taxes on every dollar of future 401k withdrawals. But only the gains & dividends are taxed on brokerage withdrawals. And, if investments are held at least a year and dividends

99

15

182

@PathwayToFI

Blake | PathwayToFI

1 year

Biggest 401k myths: 1. You can’t get the money out until you’re 59 1/2. False. You can roll the money into a Roth, then take it out after meeting a 5-year wait period. You can also do something called a 72t distribution. 2-4 👇

14

31

182

@PathwayToFI

Blake | PathwayToFI

1 year

Unpopular opinion: Married couples should share finances. Not just bedrooms. Why do so many people disagree?

127

10

174

@PathwayToFI

Blake | PathwayToFI

9 months

If a $5,000,000 net worth isn’t enough to live on for the rest of your life, Then wealth isn’t the problem. Lifestyle is the problem!

45

15

180

@PathwayToFI

Blake | PathwayToFI

2 years

Underrated benefit of a 9-5: Your employer pays 7.65% in payroll taxes that you never see. That’s $7,650 for every $100k you earn. If you’re self-employed you have to pay the 7.65% yourself.

24

29

177

@PathwayToFI

Blake | PathwayToFI

1 year

The S&P 500 doesn’t have toilets, termites, or tenants. So make sure that real estate deal is worth your time when you turn from passive stocks to active real estate.

23

10

173

@PathwayToFI

Blake | PathwayToFI

9 months

Stocks so you can eat well. Bonds so you can sleep well. Real estate so you can live well.

33

22

176

@PathwayToFI

Blake | PathwayToFI

2 years

@FilledWithMoney The $61k this year can be: $20,500 tax-deferred or Roth $40,500 employer tax-deferred + employee after-tax contributions The after-tax is where a Mega back door Roth comes into play! Here’s something I wrote about the Mega back door:

Tweet card media

Put Your Retirement Savings in These Accounts First - Pathway to FI

Use your retirement savings accounts in this order, and maximize their advantages before moving on to the next.

pathwaytofi.com

15

22

169

@PathwayToFI

Blake | PathwayToFI

1 year

Easy way to build the portfolio that made me financially free at 36: 45% $VOO - US large cap 30% $VB - US small cap 25% $VXUS - International

17

13

169

@PathwayToFI

Blake | PathwayToFI

1 year

Fidelity says you should have this much of your yearly salary saved to be on track for retirement at 65: - 3x by 40 - 5x by 50 - 8x by 60 - 10x by 65 I say how much you need to retire isn’t based on your salary. It’s based on your expenses. To retire by 65, aim for: - 10x

46

8

169

@PathwayToFI

Blake | PathwayToFI

1 year

If you’re paying your advisor 1% on a $1,000,000 portfolio that grows 10% per year before fees, that’s: - $10,000 in fees the first year. - $151,929 over 10 years! - $511,601 over 20 years!! - $1,363,075 over 30 years!!! You’re paying for your advisor’s beach house. I hope

47

25

165

@PathwayToFI

Blake | PathwayToFI

1 year

Net worth—NOT income—is your most important financial number. Income is the possibility of net worth. Net worth is past income used wisely. Turn your income into net worth.

25

19

163

@PathwayToFI

Blake | PathwayToFI

6 months

$100k is a nice income. 💵 But it isn’t enough to both LOOK rich and BE rich. 💸 So when you hit that six figure mark, celebrate by maxing out your 401k. 🏦 Not your credit card. 💳

27

12

165

@PathwayToFI

Blake | PathwayToFI

1 year

@PursuingFi Long mortgages make payments smaller. And make you slave to the bank forever.

5

5

161

@PathwayToFI

Blake | PathwayToFI

1 year

Homes are less affordable than any time since 1985. The US has a shortage of 2,500,000 homes. The only things that will make housing affordable again are: 1. Building more apartments & condos 2. Lower interest rates 3. A big wage increase w/o inflation How is housing

96

24

159

@PathwayToFI

Blake | PathwayToFI

1 year

A $1,000+ car payment is becoming normalized. 17.1% of car buyers are paying that much. And 64.5% of them are paying 8.5-9.6% interest for 67-84 months! 🤯 On a depreciating asset. Make $1,000+ payments to your 401k. Not your local car dealer. (Source: Edmunds)

43

19

161

@PathwayToFI

Blake | PathwayToFI

2 months

Fun fact: $100k in a taxable brokerage is worth MORE than $100k in a traditional 401k. Why? Every dollar of future 401k withdrawals will be taxed. But only the gains & dividends are taxed on brokerage withdrawals (deposits were already taxed for income). And, if they’re

80

12

163

@PathwayToFI

Blake | PathwayToFI

2 months

@theficouple I’m thinking that’s a parent’s responsibility. Not the state’s.

56

0

159

@PathwayToFI

Blake | PathwayToFI

5 months

Top 3 car brands driven by millionaires: 1. Toyota 🚘 2. Honda 🚙 3. Ford 🛻 Funny thing is, many never trade up for a luxury vehicle, even after they have millions. Good habits are just as hard to break as bad ones.

39

14

162

@PathwayToFI

Blake | PathwayToFI

10 months

The average age of our cars is 12.5 years now versus 9.7 years in 2003. How old is your car?

340

9

154

@PathwayToFI

Blake | PathwayToFI

2 years

It took me 4 years to cross $100k in investments. 4 more years to $500k. 3 more to $1 million. 3 more to $2 million. And just 2 years to go from $2-3 million! Don’t just compound your investments. Compound your income and your savings rate too! The results are exponential.

11

16

156

@PathwayToFI

Blake | PathwayToFI

6 months

My investments gained over $310,000 this year, when everyone thought there would be a recession. This is why you stay invested. 👆

23

5

146

@PathwayToFI

Blake | PathwayToFI

1 year

Every dollar in an HSA is worth at least 17.65% more than a dollar in a 401k! Here’s why: 1. You save 7.65% on payroll tax if you earn under $160,200. Double that if you’re self-employed! HSA contributions don’t owe this tax. All 401k contributions do. 👇 🧵👇

25

16

150

@PathwayToFI

Blake | PathwayToFI

2 years

@UncommonYield I have 4 paid off homes. Don’t care whether it’s a flex or not. But can’t complain about the $3k/month cash flow and zero mortgage payments. I’ll be fine.

6

1

139

@PathwayToFI

Blake | PathwayToFI

1 year

High status looks like: - $1,000,000 house - $100,000 car - $1,000 watch - $100 jeans High wealth looks like: - $1,000,000 in rental homes - $1,000,000 stock portfolio - $1,000,000 business - complete freedom Which one are you working on?

28

23

142

@PathwayToFI

Blake | PathwayToFI

5 months

It pays to be a long-term bull rather than speculating on short-term bear markets.

Tweet media one

38

10

144

@PathwayToFI

Blake | PathwayToFI

10 months

The S&P 500 won’t call you in the middle of the night to fix a toilet. So make sure that real estate deal is worth your time when you shift from passive stocks to active real estate!

25

12

140

@PathwayToFI

Blake | PathwayToFI

1 year

I quit my job 1 year ago last week! A year ago, I had a 5:30am alarm and worked a 10 hour day. Today, I had no alarm. Dropped my daughter at summer camp, went on a run, had a late breakfast, and walked with my wife before starting “work” around 11:30. Financial independence

Tweet media one

13

4

136

@PathwayToFI

Blake | PathwayToFI

1 year

I became a millionaire at 30. No “get rich quick” scheme. No big business exit. No inheritance. Just hard work and the kind of investing anyone can do. Here are 5 decisions that got me there: 👇 👇 👇

19

15

132

@PathwayToFI

Blake | PathwayToFI

1 year

I paid off my home. Not to build wealth. But to stabilize it. No payments = less risk. I won’t ever run out of money.

24

7

129

@PathwayToFI

Blake | PathwayToFI

1 year

Unpopular opinion: Dividends aren’t what matter. Total return is what matters. You can sell shares whenever you need income. Without waiting for a dividend payment date.

41

12

133

@PathwayToFI

Blake | PathwayToFI

1 year

5 financial rules of thumb for vehicles: 1. Buy 2-3 year-old vehicles 2. Drive at least 8 years or 150k miles before trading in 3. Total price of all vehicles <50% of annual income 4. No more than one car per driver 5. No single vehicle should cost >30% of annual income

34

15

126

@PathwayToFI

Blake | PathwayToFI

1 year

Ahhh. Got my spring office all set up. 😊

Tweet media one

20

2

128

@PathwayToFI

Blake | PathwayToFI

28 days

@theficouple Every state needs revenue. The zero income tax states just get it a different way.

27

5

129

@PathwayToFI

Blake | PathwayToFI

2 years

Sorry to break it to you. But there’s only one true form of passive income: Buy and hold index fund investing. Everything else takes effort.

20

14

124

@PathwayToFI

Blake | PathwayToFI

1 year

Early retirement hack to earn over $100k and pay $0 in taxes: A married couple can earn up to $116,950 tax free! A couple with 1 child can earn up to $130,283 tax free! Dividend investors will LOVE this! Here’s how. 👇

12

23

124

@PathwayToFI

Blake | PathwayToFI

1 year

10 facts about millionaires: 1. 80% come from middle-class families or below 2. 79% received no inheritance 3. Only 3% received an inheritance of $1 million or more 4. 33% NEVER made six figures 5. 69% averaged less than $100k/yr 6-10: 👇

12

29

122

@PathwayToFI

Blake | PathwayToFI

1 year

A millionaire is someone with a $1,000,000 net worth. Not a $1,000,000 income. You can become a millionaire without earning a million dollars. Just buy assets and give them time to grow.

17

13

120

@PathwayToFI

Blake | PathwayToFI

1 year

The first $100k comes slowly. The last $1 million comes quickly. The last $1 million is only possible because the first $100k was built. Start building that foundation.

9

11

118

@PathwayToFI

Blake | PathwayToFI

1 year

$100k income isn’t much if you spend $90k. But it’s a FORTUNE if you spend $50k!!

12

15

117

@PathwayToFI

Blake | PathwayToFI

8 months

The IRS just raised standard deductions for 2024 by 5.4%. That’s 1.7% higher than current inflation! Single filers will pay 0% taxes on the first $14,600 of income, an extra $750. Married filers will pay 0% on the first $29,200, an extra $1,500.

18

9

122

@PathwayToFI

Blake | PathwayToFI

1 year

Moving to cash is dangerous! New data from Vanguard shows: - Going to cash for 3 months has a 74% chance to underperform a 60/40 stock/bond portfolio by -4.1% on average. - All cash for 6 months has a 71% chance of losing by an average of -7.4%. - All cash for 12 months has

48

18

119

@PathwayToFI

Blake | PathwayToFI

8 months

The median net worth of the top 10% is $3.8M. Could you retire if this was you?

86

3

117

@PathwayToFI

Blake | PathwayToFI

11 months

Berkshire’s cash is nearly $150 billion! At 5% interest, it would earn $7.5B each year!! Unbelievable. But I’m sure Buffett would rather spend it on undervalued companies than treasuries and bank deposits. It’s just hard to find deals that big. How would you invest $150B?

70

4

117

@PathwayToFI

Blake | PathwayToFI

6 months

A 9% compound return doubles your investment every 8 years. A $1M investment becomes: $2M in 8 years $4M in 16 years $8M in 24 years $16M in 32 years! Good rule of thumb for the S&P 500 since long-term returns average 9%+.

31

16

118

@PathwayToFI

Blake | PathwayToFI

1 year

If you never enjoy your wealth, then you don’t truly have it.

29

11

115

@PathwayToFI

Blake | PathwayToFI

7 months

My first 2 houses fell 40% in 3 years. I had $400k in debt and negative equity. My neighbors went bankrupt and lost their homes. I bought 3 more. A decade later, I paid them all off and had over $1 million in equity! When things go wrong, don’t give up.

26

6

112

@PathwayToFI

Blake | PathwayToFI

8 months

Buy when the market is: - 50% down, gain 100% at full recovery. - 66% down, gain 200%. - 75% down, gain 300%. - 80% down, gain 400%. The rise is greater than the fall when you buy low!

17

11

111