Congrats on your raise! I’m not a business owner but seeing your videos over the past few months (and how much you go above and beyond your goals), I suspect you will have the need for a solo 401k over the course of your career 🤩 it’s definitely worth looking into
Thank you!! Yess another churner! 🤘 I got a couple of other good offers in the mail recently so I'll be churning more in the next couple of months too. Thanks so much if you use my link! 🥰
Thank you!! And that would be craaazy haha. A lot of it was from crypto gains. Maybe I could hit like 175k by the end of the year if the market doesn't go down 😯
I've used money in my brokerage to max out my Roth IRA before. Definitely made it easier in years where I didn't have the full amount to max it out on the first of the year when I've wanted to. I love the brokerage, but 401ks do tend to have more protections when it comes to creditors (in case someone falls on difficult times) over IRAs ( I'm not familiar with SEPs though and it depends on the state) Edit: i will definitely use that formula😮
Oh yes I have heard of people doing that - holding their IRA contributions in their taxable for the next year. I thought of that but then I felt like it didn't make sense for me since I plan on being able to max those accounts out towards the beginning of the year without a head start anyway so then I'd just be in the same position haha. Def agree with the 401k protections. I need to do a bit more research as far as the work/upkeep involved with a solo 401k. It just seems a little intimidating to me right now, but then again so was investing and I got over that!
If you don’t want to track your tax savings as part of your net worth in YNAB, one solution is to just create a tracking account with a liability equal to your tax savings and then when you pay the taxes, just transfer to that tracking account to zero out the liability.
Hey that's a nifty idea! I thought about doing an off budget savings account just for taxes, but adding it as a debt would be cleaner since I don't have to play matchy matchy games with a single account. Thanks for the idea!
I used your upgrade bank referral link, definitely in my checking account churning era so thanks for turning me on to this one, excited for the bonus!!
Aww thank you for using my link!! It's def a super easy one since they don't have any monthly fees you have to worry about. I've got a couple other bank offers in the mail that I'm going to put to use in the next couple of months haha. Yay for free money! 🤑
Have a great trip and wonderful gift for mom ! Glenda
Thank you so much!! 🥰❣️
Congrats on your raise! I’m not a business owner but seeing your videos over the past few months (and how much you go above and beyond your goals), I suspect you will have the need for a solo 401k over the course of your career 🤩 it’s definitely worth looking into
Thank you Sinnamon!! I def need to look more into it. It seems intimidating but I'm sure it's worth it.
Nice job this month! I’m working on the Truist bank promo and when I finish, I will be using your link for the Upgrade promo!
Thank you!! Yess another churner! 🤘 I got a couple of other good offers in the mail recently so I'll be churning more in the next couple of months too. Thanks so much if you use my link! 🥰
Great job on your net worth increase! If you maintain that same monthly % change, you could be close to $250,000 by the end of the year!
Thank you!! And that would be craaazy haha. A lot of it was from crypto gains. Maybe I could hit like 175k by the end of the year if the market doesn't go down 😯
I've used money in my brokerage to max out my Roth IRA before. Definitely made it easier in years where I didn't have the full amount to max it out on the first of the year when I've wanted to. I love the brokerage, but 401ks do tend to have more protections when it comes to creditors (in case someone falls on difficult times) over IRAs ( I'm not familiar with SEPs though and it depends on the state)
Edit: i will definitely use that formula😮
Oh yes I have heard of people doing that - holding their IRA contributions in their taxable for the next year. I thought of that but then I felt like it didn't make sense for me since I plan on being able to max those accounts out towards the beginning of the year without a head start anyway so then I'd just be in the same position haha. Def agree with the 401k protections. I need to do a bit more research as far as the work/upkeep involved with a solo 401k. It just seems a little intimidating to me right now, but then again so was investing and I got over that!
Congratulations on your raise 🥳🎊🍾 You’re going to reach your goals before the end of the year!! You got this 💪
Thank you so much!! My sights are set high this year for sure! 🤑 Thanks as always for watching and leaving such sweet comments!
@@cointrolfreak Of course ☺️
If you don’t want to track your tax savings as part of your net worth in YNAB, one solution is to just create a tracking account with a liability equal to your tax savings and then when you pay the taxes, just transfer to that tracking account to zero out the liability.
Hey that's a nifty idea! I thought about doing an off budget savings account just for taxes, but adding it as a debt would be cleaner since I don't have to play matchy matchy games with a single account. Thanks for the idea!
I used your upgrade bank referral link, definitely in my checking account churning era so thanks for turning me on to this one, excited for the bonus!!
Aww thank you for using my link!! It's def a super easy one since they don't have any monthly fees you have to worry about. I've got a couple other bank offers in the mail that I'm going to put to use in the next couple of months haha. Yay for free money! 🤑
7% raise yesssssss 🎉🎉🎉🎉🎉
🥳🥳🥳🥳 definitely a welcome change!!
Are you able to share a copy of the google sheet? This is really awesome and I'd like to track it similarly.
That's a great idea!! I should be able to link it in my next monthly recap. ☺️