Adkins Financial | Wealth Building (@adkinsfinancial) 's Twitter Profile
Adkins Financial | Wealth Building

@adkinsfinancial

Financial Planner. Blogger. Money Enthusiast. Vegan.

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linkhttp://adkinsfinancialplanning.com calendar_today15-01-2020 17:35:24

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9-5s are not evil. You are not an unenlightened fool for working one. You can build wealth with one. Don’t listen to broke talking heads on Twitter.

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I can’t give you a surefire formula for success, but I can give you a formula for failure: try to please everybody all the time. -Herbert Swope

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If your doctor said, “If you don’t set up a passive income stream of $1,000 per week in the next 6 months, you will die,” what would you do?

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If you’ve never been to coastal Alabama, it’s a fantastic value. If someone showed me this and told me it was a Caribbean island, I’d believe them.

If you’ve never been to coastal Alabama, it’s a fantastic value. If someone showed me this and told me it was a Caribbean island, I’d believe them.
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How to retire in 10 years: Pay off all debt on depreciating assets. Save an emergency fund of 3 month's expenses. Pay off your home. Create passive income through index funds and rental real estate that covers the rest of your expenses.

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My take on mortgages: Personal residence - 15 year. Investment properties - 30 year. Why? Your personal residence is a liability that you pay for. Investment properties are assets that someone else pays for for you.

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The biggest indicator that you will become a millionaire is your savings rate. Literally just don’t spend all of your money, avoid debt in depreciating assets, and invest in something that appreciates. You will retire financially fine.

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Returns: Small business > Real estate > Stocks > Mutual Funds > Bonds. Risk: Small business > Real estate > Stocks > Mutual Funds > Bonds. Time Investment: Small business > Real estate > Stocks > Mutual Funds > Bonds.