Fast slowlaner

[Tydaljames]

Growing up, I was always good with money, or so I thought. As a kid, I saved my money from christmas, gave out loans to other kids, and bought and sold my own chocolate for the school fundraiser. I've always had that entrepreneurial spirit.

Compared to my friends and family, I was a financial genius. I saved 70% of my paycheck, invested in index funds, and eventually ended up where I am now, with $200k at 27.

Now, 200k isn't a bad number, and I'm very proud of it, but I realized that I can do better. An entrepreneur that I know reccommended the book and it opened my eyes to what is possible. Now, I'm a fast slowlaner looking to join the fastlane.

 

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[reedracer]

Good for you! I've known a few people like you who understood at a young age to make their money really work for them instead of new things. You are going to do fine.

 

[Matt Hunt]

Kudos to you for saving 70% of your income! You've already got a mindset that most people don't have. And at $200k in net worth at 27, you're light years ahead of most of your peers.

I suggest looking into real estate investing over index funds. I say this with experience. I'm invested in an apartment complex right now where my investment will double when we sell at just 2 years since we closed. Your $200k could be $400k in 2021!

 

[ZCP]

welcome @Tydaljames ! nice work!

check out MONEY Master the Game by T. Robbins ..... it is long winded and says in 300 words what you could say in 15, however ..... the discussion of spreading your risk and having multiple investment channels while cutting costs in the ones most people use is worthwhile ....... there are some nuggets of wisdom in the fluff

a thought .... everyone is going to run at you with ideas ..... determining your own goals / risk factors / desired returns is key .... generally, no two people will be the same

 

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[MJ DeMarco]

and eventually ended up where I am now, with $200k at 27.

Impressive, congrats.

You have the basic skills for money accumulation... now just imagine earning $50K/month instead of $50K a year. We aim for that here, and much higher than that. The game is won on offense (income) and preserved on defense (savings/expense discipline.)