Steve · Millionaire Habits
@SteveOnSpeed
FI at 35. Stronger than ever. No inheritance. Just work. I teach the standards, systems, and decisions that get you there.
73 Following 331.3K Followers
We only fly first internationally. It’s usually paid for by credit card points, which makes it a complete no brainer for us.
How much money do you actually have to be to only fly business class, return to europe is genuinely $40k for two people.
Deadass have to have like $5m+ for it to make sense no?
Actually outrageous for like 12 hour flight I dont understand it but maybe im just too poor.
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Career advice: If you're ever put on a PIP (Performance Improvement Plan), start applying for other jobs TODAY.
The company has already made its decision to fire your ass.
All they're doing now is building a paper trail in case you sue.
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Career advice: If you're ever put on a PIP (Performance Improvement Plan), start applying for other jobs TODAY.
The company has already made its decision to fire your ass.
All they're doing now is building a paper trail in case you sue.
Show more
This has got to be terrible.
30 and 32, no kids, high income, huge home, and almost $700,000 in net worth already.
And they "feel trapped," lol.
New couple on my podcast: "We bought the perfect house. Now we feel trapped"
- 30 & 32, married, no kids
- Income: $362K a year
- Net worth: $692K
- Bought a 3K sq ft house on 1.5 acres in their 20s. 2.7% mortgage
- Yard work: 8 hours every weekend
- Guilt-free spending: Only $1,680/month
- They want to sell (“But you have a 2.7% rate”)
What would you tell them?
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Owning a home shouldn't mean you can't afford to enjoy the rest of your life.
This clip from @BrokenCountry_ is about Canada's mortgage squeeze, but I think many Americans will recognize the problem.
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I will never stop encouraging my parents to enjoy the wealth they worked hard to build.
Then again, they raised me to be a self-sufficient person, not one who feels entitled to other people’s wealth.
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The boomer thing is real. My mother is currently blowing through generational money because "she deserves it", and we wont need money because "You do very well".
My wife's parents are rich, and keep telling them "all this money is yours someday". While actually giving their 40 year old children $0 so far.
The expectation of leaving your children better off than you were died with boomers and was reborn with Gen X.
Its the shittiest generation
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Does this mean more of them will stay in CA now instead of invading neighboring states???
BREAKING: California voters just passed Prop 37. Buyers of newly built homes can now put down 3% instead of 20%.
How: the state lends you the other 17% as a second mortgage, funded by up to $25 billion in bonds.
On an $800,000 home that's $24,000 down instead of $160,000.
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You do NOT have to be an entrepreneur to become a millionaire.
Anyone telling you otherwise should be unfollowed and muted immediately.
They are lying to you and *definitely* selling you a course.
Income, luck, and inheritance can all help. None of them reliably fix the part where you stop believing the plan is worth sticking with.
My latest on Substack:
If you even have CA voters balking at this, you know how insane that proposal truly was.
BREAKING: California voters appear to have rejected imposing a one-time 5 percent tax on individuals and trusts with over $1 billion in assets, and allocate the resulting revenues to fund health care, food assistance and education, per NYT
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Habits of the rich:
☑ Early risers
☑ Married well
☑ Regular exercise
☑ Read consistently
☑ Invest, not just save
☑ Live in normal homes
☑ Plan for their future selves
☑ Hang with successful people
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If Democrats win the midterms, go to the gym tomorrow and prioritize your body as if your family depends on you.
If Republicans win the midterms, go to the gym tomorrow and prioritize your body as if your family depends on you.
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I bet a lot of people turned that beauty on this morning.
After my first job, no employer gave a shit about where I went to college. Or even the degree I had.
All that mattered was experience + who I knew.
Make college as CHEAP AS POSSIBLE, because it won't matter much anyway for *most professions* beyond job #1#.
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If Democrats win the midterms, go to the gym tomorrow and prioritize your body as if your family depends on you.
If Republicans win the midterms, go to the gym tomorrow and prioritize your body as if your family depends on you.
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Oddly weird number of people on Substack thing I should be encouraging my folks to not spend the money they spent years to accumulate just so I get a big check when they die.
WTF is wrong with people?
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What most people ignore (even high earners) as their income never gets them any closer to financial freedom.
Building wealth in a 401(k) is easy.
Invest $500/month starting at 25, and you'll have $1.3M at 65 at 7% growth.
$1,000/month = $2.6M.
And that's not increasing your contribution limit.
Or investing in anything else.
Or company match.
Easy.
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Consider taking your Social Security benefits at 62 instead of waiting.
If you don’t need it, invest it.
But taking it at 62 puts YOU in the driver’s seat, not the government.
Name one thing that Europe does better than the United States.
I'll go first: Public transportation.
