theficouple
@theficouple
💰 Paid off $100K debt in 3 years
🏠 16 rentals bought with low money down
🥳 Financially Free at 33
💜 Creators of @trydollarfi
👇 Tap Link To Try Out- FREE
256 Following 107.6K Followers
Collected almost $2,000 of passive income this morning👌🏻
We have a FREE class tonight all about:
- Real estate
- Private lending
- Buying businesses
- Dividend stock investing
Comment "class" to attend
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How to get $20,000 in the next 90 days:
- Cook more meals at home: $1,000/mo saved
- Get rid of a car payment: $650/mo saved
- Cut subscriptions: $200/mo saved
Total: $22,200/yr saved
Sometimes the simplest way to have a lot of money?
...Keep more of what you already make.
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Unpopular opinion:
If you make $220,000 a year but still live paycheck to paycheck?
Its's not the economy. You might just have a spending problem.
...Do you agree?
Our Dividend growth portfolio progress:
- $497,656: Total value
- $9,108: Capital gains (last 90 days)
- $3,986: Average monthly dividend income
Dividends remain the most enjoyable form of passive income to collect📈
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$80,000 in the bank is a huge accomplishment.
Being in a savings account also comes with huge opportunity cost.
That's ~$8,000-$10,000/yr of lost passive income because you don't understand investing.
...Staying safe & stay stuck is very expensive.
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When a couple in their 30's:
- Makes $250,000/yr
- Spends $100,000/yr
- Invests $85,000/yr
…You know they’re going to be very rich.
You can literally just:
- Invest aggressively in your 20’s
- Invest aggressively in your 30’s
- Invest passively in your 40’s
- Skip the hustle in your 50’s
…A simple path to wealth.
I wish more people in their 30's understood:
- Paying off credit card debt
- Building a 6 month emergency fund
- Living on 60% of what you make
- Having $100,000 in a brokerage account
..This is a recipe for sleeping better at night
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At 35 & 36 our investments give us 6 figures of passive income.
That’s $1000,000+ a year from:
- $500,000: Brokerage
- $2 million rental portfolio
- $250k a year private RE loans
Not the most complicated portfolio.
…But proof that “boring” works👍
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We sold our luxury car in 2018.
We bought a 2011 Toyota Corolla with 100,000 miles on it.
We grew our investments to $2 million & retired from jobs 5 years later.
…This is not a coincidence👌🏻
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A paid off home is a wonderful thing to have.
You should still budget for:
- $14,000: New roof
- $5,000: New HVAC
- $3,000: Gutters
- $2,000-Yearly maintenance
Paid $320,000 for this 4-unit property.
10% down and 6% loan to buy it.
$4,175/mo rent with total payment of $2,185/mo.
If you can do 5-7 deals like this & hold each one at least 10 years?
…You will be mega rich.
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Do whatever it takes to get $540,000 invested by age 37.
Even if you only invest $300/mo after that?
Good chance you retire with ~$6.4 million at age 65.
That's ~$288,000/yr of 100% passive income.
...Thanks to compound interest📈
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Average retiree spends $5,000/mo.
Social security can cover 50% of that.
So ~$800,000 in retirement accounts+ social security makes for epic retirement.
…Needing $2 million is a myth.
How to stay broke:
Work hard to make $150,000/yr.
Then go and buy a $525,000 house.
…This never ends well.
Every month we put our money into 4 boring ETF's:
- SCHD
- JEPQ
- VOO
- SPYI
This portfolio provides us with almost $48,000/yr of passive income.
...The goal is $80,000/yr by 2028📈
It's hard to believe but when you have:
- No car payment
- 6 month emergency fund
- 3-4 income streams
- $500,000 invested
- 20 hour per week remote job
...Your life becomes 10x more peaceful 📈
Hot take:
If you're under 40 with $800,000+ invested you can stop investing aggressively.
You won the money game & will likely end up with ~$10 million or more in your 60's.
Take a breather & focus less on maximizing every dollar and more maximizing enjoyment.
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At age 35 & 36 we have $500,000 in our brokerage account.
If we decide to only add another $500/mo?
By age 65 we end up with ~$7.4 million and $330,000/yr of passive income.
....Thats the magic of compound interest 📈
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By the time you’re 40 you realize :
Nobody actually wants a luxury looking life.
People just want:
- To wake up without needing to rush
- Travel often
- Be with family more
- Focus on healthy living
…That’s what real wealth looks like.
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