Posts by ambermaker13

Morgan Jones14 said:We set up a savings account about 15 months ago for our first kid, and now we’re starting another one for the second 😁. Honestly, it feels like the smartest move right now, especially while the government is still chipping in that 15% match...

If you're banking on the government to save you, you're going to end up broke and bitter.
Learn from other people's mistakes for once...

You're welcome!
The whole point of this thread is for us to swap stories and trade info.

Fifty-fifty!
You’re kind of right, but also kind of off base.
The trick is just finding the right one—if the first person you talk to isn't a fit, you just gotta keep moving.
I’ll be the first to admit I burned through a lot of time and cash before I finally found the right match.
(Two years, actually) But hey, persistence pays off.
I’ve been working with my guy for over three years now, and honestly, I couldn't be happier.
They get paid EXCLUSIVELY from my gains—meaning if I’m winning, they’re winning.
That’s the only way it makes sense to me!
Unless I've got that backwards...

Spot on!
The market is absolutely flooded with financial products, and honestly, most savers or investors don't have a clue what they’re actually looking at.
Plus, you've got all these self-proclaimed "financial advisors" running around out there pushing products they clearly don't understand themselves. If you actually ask them which ones they prefer, they start stuttering or acting all awkward.
I mean, how can someone call themselves a financial advisor when they're drowning in credit card debt and don't even have $10,000 in their own investment portfolio?
It's a joke!
For me, FIDELITY INVESTMENTS is the only way to go; I need someone looking at the big picture across all global markets who actually knows the full spectrum of products.
Being INDEPENDENT means you aren't just juggling four different insurance companies, three mutual funds, and two banks.

The goal is always the same:
TOP-TIER INSURANCE!
TOP-TIER INVESTING!
TOP-TIER FINANCING!
Or maybe I've got that wrong?
Is anyone else actually aiming for something different?

Nancy Green7 said:If I'm following this correctly, you'd be paying $133 monthly for life insurance and $67 monthly into housing savings, and if you dump all that cash into a fund after five years, that fund would need to pull over a 30% return just to cover the insurance premiums. I don't see how that's realistic.

Some "financial advisor" pitched me this exact same scheme. Here is what I decided to do instead:

Life insurance risk at about $27 monthly, $140 monthly for housing, plus I put another $250 into an index fund. Then in five years, I'll move the housing savings into the fund and keep contributing roughly $167 monthly. Assuming the fund hits a 6-10% return—which is actually doable—I'll end up with way more cash after 30 years than if I had gone with the life insurance option.

And this was advice from a pro advisor at a retirement firm!
Could I believe it?
Now I see just how many people have absolutely no clue what they're doing. They are financially illiterate, and it's scary how easy it is to rip them off. Honestly, it's their own fault for not wanting to educate themselves, learn, or actually try to understand things... as if this doesn't affect their own lives.
The idea of putting money into housing for 5 years and then dumping it into a fund also sounds a bit ridiculous (actually, it's PATHETIC) because the US market grows by roughly 30% a year.
Why bother with housing and wait for the government to "give you something" when you could be making whatever you want in the capital markets over the next 5 years? (stocks, funds, bonds, Forex...) It’s TRULY RIDICULOUS!!!😘

Listen, here’s some financial advice:
$133 Life insurance at age 30.
$67 A 5-year housing savings plan.
After those 5 years, take all that cash from the housing fund and dump it into an investment fund.
Then, let the dividends from the fund pay off the life insurance premiums.
Can anyone actually BELIEVE this nonsense???