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1/ A thread about my finances.
In 2007 I came from a combat deployment and I was broke.
-$2.50 in my bank account.
$25,000 in credit card debts and with creditors.
My credit score was 514.
Let’s just say it was bad.
In 2007 I came from a combat deployment and I was broke.
-$2.50 in my bank account.
$25,000 in credit card debts and with creditors.
My credit score was 514.
Let’s just say it was bad.
2/ I did not know what to do with my finances but I knew something had to change.
My dad handed me a copy of @DaveRamsey’s total money makeover.
I gave myself a strict $500 a month budget for food/gas and entertainment.
My dad handed me a copy of @DaveRamsey’s total money makeover.
I gave myself a strict $500 a month budget for food/gas and entertainment.
3/ I followed Dave’s book to the letter. $1000 in savings. Snowballed my debt to nothing in a year.
It is a glorious feeling when you owe no one money.
Want to know what else is a glorious feeling? Having $10,000 in savings when before I was broke.
It is a glorious feeling when you owe no one money.
Want to know what else is a glorious feeling? Having $10,000 in savings when before I was broke.
4/ In 2009 I purchased my first home and my credit score had risen 630.
I had unfortunately purchased my home as the real estate market was beginning to tank.
Due to a conflict in my professional life I was forced to move out to the west coast.
I had unfortunately purchased my home as the real estate market was beginning to tank.
Due to a conflict in my professional life I was forced to move out to the west coast.
5/ I was underwater in the home I had just purchased. Like $70,000 underwater in the home so selling wasn’t an option.
I rented it for a loss. For 2 years...
Again this was my only debt until...
I remarried and my wife and I purchased the home we live in today.
I rented it for a loss. For 2 years...
Again this was my only debt until...
I remarried and my wife and I purchased the home we live in today.
6/ Then the church I attended at the time did a financial series and the guest speaker spoke of all of his finances.
He had written a book called Oxen.
I realized my first home was an oxen still in training.
I went out looking for financial books and was reading everything.
He had written a book called Oxen.
I realized my first home was an oxen still in training.
I went out looking for financial books and was reading everything.
7/ That is when I stumbled upon @theRealKiyosaki’s Rich Dad Series.
His financial plan is much more complex and harder to follow than @DaveRamsey’s but I try my best.
2016 was a big year for me.
His financial plan is much more complex and harder to follow than @DaveRamsey’s but I try my best.
2016 was a big year for me.
7/ 2016 was the year I had $1 million pass through my name.
My wife and I did an addition on our home so we refinanced our home into a construction loan and I purchased a condo to rent out.
My wife and I did an addition on our home so we refinanced our home into a construction loan and I purchased a condo to rent out.
9/ Later that year we refinanced the construction loan into a mortgage but to gain access to my VA loan we refinanced my first home.
It was no longer losing me money but was now breaking even... barely.
It was no longer losing me money but was now breaking even... barely.
10/ In 2018 I retired from the military.
I started a job at a nuclear power plant.
My first week of work I closed on a second condo.
In 2019 I started advocating for nuclear energy and ended up being offered to speak and different places.
I started a job at a nuclear power plant.
My first week of work I closed on a second condo.
In 2019 I started advocating for nuclear energy and ended up being offered to speak and different places.
11/ That is when I met @erikfinman and start purchasing #BTC 
for the first time.
Let’s just say that my gains have been incredible since I got into BTC.
for the first time. Let’s just say that my gains have been incredible since I got into BTC.
12/ Let me give you a rough estimate of where I am at.
Incomes (Annual):
Real estate: $6000
Military Pension: $48,000
VA Disability Benefits: $24,000
VA Education Benefits: $13,000
Salaries (wife + me): $270,000
Bonuses: $45,000
Total: $406,000
In 2008 it was $50,000
Incomes (Annual):
Real estate: $6000
Military Pension: $48,000
VA Disability Benefits: $24,000
VA Education Benefits: $13,000
Salaries (wife + me): $270,000
Bonuses: $45,000
Total: $406,000
In 2008 it was $50,000
13/ Investments. (All are current value minus loans where applicable)
Rental Real estate: $200,000
401Ks: $180,000
TSP: $42,000
Stocks: $20,000
#BTC: $38,000
Notice that I don’t include the home I live in as an investment.
Now compare that to being in the red a decade ago.
Rental Real estate: $200,000
401Ks: $180,000
TSP: $42,000
Stocks: $20,000
#BTC
: $38,000Notice that I don’t include the home I live in as an investment.
Now compare that to being in the red a decade ago.
14/ As far as my wealth growth the next couple of years:
My wife has been finishing her master’s degree and I have been paying for my daughter to get her pilot’s license.
My daughter will be attending college as well with the ultimate goal of becoming an airline pilot.
My wife has been finishing her master’s degree and I have been paying for my daughter to get her pilot’s license.
My daughter will be attending college as well with the ultimate goal of becoming an airline pilot.
