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My journey to 10k


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 5 months ago '05        #851
pnoi89 
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 MrNickNick said
You basically apply codes to physician documentation which is used for hospital reimbursement. It sounds easy but it requires disease processes knowledge.



All liquid cash. I have a separate 401K but there's not much in it ($20k) at the moment. I wish i knew more about investing but i'm not much of a risk taker.


tl;dr, aim for index funds for LONG TERM investing.

Mutual funds are shams are you're paying out the a*s for fees for someone to stock pick, rather than relying on diversified index funds to ride the market that's historically shown to leave you with more in the long term with consistent investing, regardless of the market conditions.

In short, YOUR TOTAL TIME IN THE MARKET >>>>> TIMING THE MARKET.
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 5 months ago '10        #852
ColeWorld  topics gone triple plat - Number 1 spot x1
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 lowry2123 said
wow...I was thinking about this thread while looking at my accounts earlier today


2 years ago I had a goal to reach 10k.. then I wanted to reach 20k


I hit 20k a long time ago.. probably end of 2018 or so.

Im on my way to at least 50k hopefully in 2020. I'm planning to purchase my own property soon.

Hows everyone doing?
What you doing career wise now bro?
+1   

 5 months ago '10        #853
ColeWorld  topics gone triple plat - Number 1 spot x1
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 pnoi89 said


tl;dr, aim for index funds for LONG TERM investing.

Mutual funds are shams are you're paying out the a*s for fees for someone to stock pick, rather than relying on diversified index funds to ride the market that's historically shown to leave you with more in the long term with consistent investing, regardless of the market conditions.

In short, YOUR TOTAL TIME IN THE MARKET >>>>> TIMING THE MARKET.
Thanks bro!!!!!!

 4 months ago '16        #854
lowry2123 
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 ColeWorld said
What you doing career wise now bro?
how you doing bro? long time


Also, I work for in the financial services/banking sector.
+2   

 4 months ago '16        #855
lowry2123 
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 pnoi89 said


tl;dr, aim for index funds for long term investing.

Mutual funds are shams are you're paying out the a*s for fees for someone to stock pick, rather than relying on diversified index funds to ride the market that's historically shown to leave you with more in the long term with consistent investing, regardless of the market conditions.

In short, your total time in the market >>>>> timing the market.
index funds ftw!!
+2   

 4 months ago '17        #856
Brother Sloan  topics gone triple plat - Number 1 spot x9
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 Read1bookaweek said
I invested $2k into a $10k flip so Lord Willing everything goes to plan I'll be at 10k by end of year
Details?

 4 months ago '10        #857
hbonnie23 
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all my fellas out there if you kids, make sure you have a nest egg. i started the road to 200k but since the baby its been tough, but gotta stay on the path. work hasn't been consistent either for me but I'm staying with it. updates soooooon
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 4 months ago '15        #858
KingKris14 
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Im starting my new job on the 21st so far up too $6,350.00 including IRA,Crpyto,HSA. Will begin building cash savings once I start the job should hit 10K shortly. Guess I should really focus on the next level 20K.


Last edited by KingKris14; 10-16-2019 at 08:48 PM..
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 4 months ago '12        #859
frankieboyj26 
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keep it up fellas, looks good and motivating

 4 months ago '10        #860
ColeWorld  topics gone triple plat - Number 1 spot x1
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 lowry2123 said
how you doing bro? long time


Also, I work for in the financial services/banking sector.
I know itís been a minute bro. Iím doing good just trying to figure out life mid-20ís crisis. Iím same field too! You in accounting?
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 4 months ago '16        #861
lowry2123 
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 ColeWorld said
I know itís been a minute bro. Iím doing good just trying to figure out life mid-20ís crisis. Iím same field too! You in accounting?
nahh im in banking lending/collections side
+1   

 4 months ago '10        #862
ColeWorld  topics gone triple plat - Number 1 spot x1
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 lowry2123 said
nahh im in banking lending/collections side
Get that paper bro. Imma make that T.Dot move in the next couple years.
+2   

 3 months ago '16        #863
lowry2123 
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 ColeWorld said
Get that paper bro. Imma make that T.Dot move in the next couple years.
nice....where you at now? and what do you do?

 4 weeks ago '16        #864
KingKPTII 
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Trying to stack at least 12k this year.

Not sure what I’m going to do with it but I figure it’ll be nice to have.

Sitting at $665 in a Marcus account right now.
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 3 weeks ago '19        #865
strengthofmind2 
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I’m trying to start stacking I got like 10k in pension can’t touch that so looking to start cash savings. I want to start a side hustle my goal is to save 10k this year. Wish me luck ☺️ Liking this side of Boxden
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 3 weeks ago '04        #866
NBA Brawler 
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 MrNickNick said
You basically apply codes to physician documentation which is used for hospital reimbursement. It sounds easy but it requires disease processes knowledge.
ICD-10 and CPT coding?

 2 weeks ago '16        #867
KingKPTII 
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 KingKPTII said
Trying to stack at least 12k this year.

Not sure what I’m going to do with it but I figure it’ll be nice to have.

Sitting at $665 in a Marcus account right now.
Hit 1200 yesterday

Got my first 69 cents of interest
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 2 weeks ago '05        #868
pnoi89 
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 KingKPTII said
Hit 1200 yesterday

Got my first 69 cents of interest
Accumulating wealth is a slow burn, aka saving as much as you can. Your wealth's built mostly on what you save, compared to your interest. Keep it up fam!
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 2 weeks ago '19        #869
Dolph 
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A lot of good game in this thread. About to put some of these ideas into action for my own sake. Excellent thread OP
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 5 days ago '10        #870
hbonnie23 
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Man update.. sh*t been rough had to stay home because the baby was bugging out. Now I'm in 24k debt but I have 100k in stock market and 20k in crypto. Having trouble finding a job :(. I shouldn't be complaining but I started this journey to 10k then to 50 then to 100k now I'm stuck.
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 4 days ago '04        #871
Ace2125 
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 hbonnie23 said
Man update.. sh*t been rough had to stay home because the baby was bugging out. Now I'm in 24k debt but I have 100k in stock market and 20k in crypto. Having trouble finding a job :(. I shouldn't be complaining but I started this journey to 10k then to 50 then to 100k now I'm stuck.
Maybe you should liquidate some of your portfolio to start a business. Also consider moving in with your parents or a friend

 4 days ago '10        #872
hbonnie23 
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 Ace2125 said
Maybe you should liquidate some of your portfolio to start a business. Also consider moving in with your parents or a friend
man my parents would like at me crazy if i wanted to move in with them married with 2 kids. I just need to find some steady work near home but its been tough.

i have sold about 15k usd of shares in november to pay for school and to just live. i may have to do it again i guess its a blessing its there but damn. I'm trying to make forward progress.

 4 days ago '05        #873
pnoi89 
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 hbonnie23 said
Man update.. sh*t been rough had to stay home because the baby was bugging out. Now I'm in 24k debt but I have 100k in stock market and 20k in crypto. Having trouble finding a job :(. I shouldn't be complaining but I started this journey to 10k then to 50 then to 100k now I'm stuck.
You're stuck? First step to consider is whether your debt's interest is MORE than what percentage your stock portfolio yields. How much, if not all, is in a taxable account, or is this a retirement account you're referring to, such as a 401k?

 4 days ago '05        #874
pnoi89 
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 Ace2125 said
Maybe you should liquidate some of your portfolio to start a business. Also consider moving in with your parents or a friend
That's not a simple instruction, especially if his portfolio is in a non-taxable, retirement account like a 401k.

 4 days ago '04        #875
Ace2125 
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 hbonnie23 said
man my parents would like at me crazy if i wanted to move in with them married with 2 kids. I just need to find some steady work near home but its been tough.

i have sold about 15k usd of shares in november to pay for school and to just live. i may have to do it again i guess its a blessing its there but damn. I'm trying to make forward progress.
Where do you live? What type of work you were doing before



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