One of the best ways to eradicate financial distortion is by meticulously tracking all investments. I’m pretty sure none of us will remember the exact details of what we bought, when we bought, and how much we bought years from now. This may lead to a significant miscalculation in cashflow during retirement. As a result, I’ve decided to start a quarterly investment tracking series.
The other reasons for this new quarterly series include: 1) earning enough to invest $20,000+ a month, 2) getting feedback about my investments since I’ve made terrible choices before, 3) starting an ongoing discussion about any new investments to consider, and 4) discussing the current investment landscape. The ultimate goal for all of this is to be able to spend maximum time with the kid(s) when they arrive. I’m deathly afraid of having to go back to work full-time.
Most people in America just spend most of what they make. Others just contribute to a 401k or IRA and then spends the rest. I want you guys to max out your pre-tax retirement accounts AND invest an additional 20%+ in post-tax investments each year. If you want to achieve financial freedom sooner, you need to have a sizable after tax portfolio that throws off livable income.