Comments on: Joe’s $400k Net Worth + 5 Key Takeaways https://eliteedgemoney.com/joes-400k-net-worth-5-key-takeaways/ Money | Minimalism | Mohawks Mon, 16 Mar 2020 10:28:00 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: J. Money https://eliteedgemoney.com/joes-400k-net-worth-5-key-takeaways/#comment-296840 Thu, 12 Mar 2020 09:45:42 +0000 https://staging.eliteedgemoney.com/?p=62574#comment-296840 In reply to Joe Shmoe.

That is a good route – hadn’t heard of that one before :)

]]> By: Joe Shmoe https://eliteedgemoney.com/joes-400k-net-worth-5-key-takeaways/#comment-296819 Wed, 11 Mar 2020 20:07:52 +0000 https://staging.eliteedgemoney.com/?p=62574#comment-296819 In reply to Adam.

I feel you on that. We were on the fence about kids and then had a surprise pregnancy. It was scary but luckily it worked out. We love her to death!

]]> By: Joe Shmoe https://eliteedgemoney.com/joes-400k-net-worth-5-key-takeaways/#comment-296818 Wed, 11 Mar 2020 20:00:07 +0000 https://staging.eliteedgemoney.com/?p=62574#comment-296818 In reply to stephanie t.

Happy to share! It’s worked really well for us! I allocate a monthly budget, update the costs weekly and calculate a real time daily spend limit based on how many days are left in that period.

]]> By: Joe Shmoe https://eliteedgemoney.com/joes-400k-net-worth-5-key-takeaways/#comment-296817 Wed, 11 Mar 2020 19:51:26 +0000 https://staging.eliteedgemoney.com/?p=62574#comment-296817 In reply to Mike S.

Yeah I think I’ve heard a similar idea before. I think that’s a really smart approach because it provides a little safety net from losses. Will have to try that out!

]]> By: Adam https://eliteedgemoney.com/joes-400k-net-worth-5-key-takeaways/#comment-296814 Wed, 11 Mar 2020 19:10:03 +0000 https://staging.eliteedgemoney.com/?p=62574#comment-296814 It’s nice to see a six-month update! Ours, if I were to dig for such a thing, would probably be pretty flat at best. These market gyrations are wild. At least we’re got another half dozen $K of the house paid off. :)

We don’t (and won’t) have kids, so my opinion here is worth less than the time it takes to write, but I’m wicked impressed that they were able to pull their daughter out of daycare and make it work. That can’t be easy… and has got to feel priceless.

]]> By: stephanie t https://eliteedgemoney.com/joes-400k-net-worth-5-key-takeaways/#comment-296813 Wed, 11 Mar 2020 18:51:37 +0000 https://staging.eliteedgemoney.com/?p=62574#comment-296813 I instantly grabbed on to the idea of “how much do I spend a day” because it’s the complete opposite of my no-spend day/month challenge. What an eye-opener! Hmmmm, it’s definitely worth some more thought. Thank you for sharing and giving me a different perspective.

]]> By: Mike S https://eliteedgemoney.com/joes-400k-net-worth-5-key-takeaways/#comment-296806 Wed, 11 Mar 2020 15:24:33 +0000 https://staging.eliteedgemoney.com/?p=62574#comment-296806 Hey J,
Just a comment on the selling the stock thing for a profit.
When Facebook’s IPO came out I wanted to buy some, but it was going up so fast that I didn’t get in on a purchase. Then they had all those problems and the stock dropped to $15 per share, I decided to make the purchase (I was doing this inside of my IRA). I purchased 750 shares for $15,000 (about $19.50 per). I told myself that when the price doubled I would sell 1/2 to get MY money back and let the rest ride. Well the price did go up to 38 and I sold 300 shares to get most of my money back. Since then it has gone up and down, but you can’t be sorry when you get your money back and still have a large investment that is doing well based on what you paid for it.

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