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Financial Independence

How To Get Rich Starting From $0 (8 minute watch)A video from personal finance and entrepreneurship Youtuber, Biaheza, breaking down the steps he would take from early into a career in order to grow long-term wealth steadily throughout your life.

How Much Should I Have Saved In My 401(k) By Age? (12 minute read)Are you looking for a 401(k) savings guide? This post will go through how much Financial Samurai thinks you should have in your 401(k) by age in order to have a comfortable retirement. The maximum amount you can contribute is $20,500 for 2022 and Based on Fidelity’s latest 2022 report, the average 401(k) balance is $121,700 as 2022, with averages of $14,600 for age 20-29, $51,200 for 30-39, $120,200 for 40-49 and $206,100 for 50-59 year olds.

I Endured a Tech Layoff — Twice. Here’s How I Created 11 Income Streams and Bulletproofed My Finances (7 minute read)Financial independence is when you have enough income to cover your living expenses without having to rely on a job. This money can come from income streams you build yourself. Some examples include income from investments, passive income streams like selling digital products, or creating a digital business like a blog. Here’s what each income stream is — and how much it makes Daniella Flores, founder of I Like To Dabble.

How a Taxable Brokerage Account Can Be Better Than a Roth IRA (7 minute read)Would you believe that a non-qualified brokerage account, a.k.a. taxable account could mimic the benefits of a Roth IRA? Or be as good or better than a Roth 401(k)? This article gives a breakdown of why a taxable brokerage account may be better suited for you than a traditional Roth IRA, including their limitations and bonuses.

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Investing

Futures Point To Broadly Lower Open (5 minute read)Fed Chairman Jerome Powell's remarks on Thursday might be important on the day. The European Central Bank's monetary policy decision as well as the report on weekly jobless claims also will get special attention. Asian shares finished mixed, while European shares are trading lower. Early signs from the U.S. Futures Index suggest that Wall Street might open broadly lower.

Is Now the Perfect Time to Buy Disney Stock? (6 minute read)Walt Disney (DIS) suffered substantial financial losses throughout the COVID-19 pandemic, with its parks division losing $2.6 billion in operating income in the first quarter of 2021 because of lockdowns. However, the company took the opportunity to double down on its flagship streaming service, Disney+. The company's stock is still down 39% since last year as it continues to recover from its unavoidable downfall in 2020 and 2021. However, its overwhelmingly positive quarterly results in August and forthcoming developments suggest investors should seriously consider buying Disney stock.

5 things to know before the stock market opens Thursday (5 minute read)According to CNBC, here are the most important news items that investors need to start their trading day including: Stock future's 'mixed morning', Tim Cook's "Buy your Mom and iPhone" comment, Putin's threats to Europe's gas supply and GameStop's latest market plays.

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Top FI/RE Reddit Posts

Financial Independence gave me confidence to stand up against bad managers

Curious if anyone here starts their 30s with little net worth (less than $20K), and become wealthy (maybe $500K at least)

Accidental FIREed! Take a leap of faith after market downturn.

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Best of FI/RE Twitter

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Wisdom Of The Week

“All you need is the plan, the road map, and the courage to press on to your destination.” - Earl Nightingale

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