Andrew Lokenauth | TheFinanceNewsletter.com @FluentInFinance
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Skipping Starbucks to save $5 or canceling Netflix to save $10 won't make you rich.
Wealth is created by increasing income, decreasing total spending, and investing in assets.
Focus on the right things.
What society tells you is normal:
• $60,000+ cars
• $800,000+ homes
• $40,000+ weddings
• $100,000+ college tuition
All before you turn 30.
Then another 30 years spent working to pay it off.
In reality, it's just a debt trap to keep you working forever.
The real scam is normalizing mountains of debt for college, cars, weddings and vacations.
And then depending on a job you hate to pay it back until you die.
The biggest scam society pulled was normalizing the American debt trap.
The best kind of wealth is stealth wealth.
Become a millionaire in silence.
Grow a business in silence.
Invest in silence.
Win in silence.
Build in silence and let the results speak for themselves.
Privacy is power.
Changes to retirement accounts for 2024:
1. You can now withdraw $1,000 from your 401k penalty and tax-free for emergencies.
2. Contribution limits have now increased to $7,000 for Roth IRAs and $23,000 for a 401k.
3. Employers can now match your student loan payments if you…
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