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Forum ยป What are your monthly financial margins
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Thread: What are your monthly financial margins

post 1695919653 01-05-2024, 01:48 PM
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What are your monthly financial margins

Net income $5815,

Net savings after everything is ~$800
post 1695920013 01-05-2024, 01:55 PM
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4800 net in a 4 week month

778 after all bills/living expenses.

I try to save about 500$ of that a month into my emergency fund
post 1695920173 01-05-2024, 01:58 PM
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~10k per month after tax, mortgage mostly paid at $1,400. Save the rest into retirement. Keep a large amount of cash for the next asset price crash.
post 1695920203 01-05-2024, 02:00 PM
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Nice try IRS
Change sig every day crew
Lost is the best TV show of all time crew
10+ year miscer crew
Drop pants to the ground at the urinal crew
In Christ alone my hope is found crew
6'2" master race but use the little urinal crew
Too many crews in my sig crew
post 1695920233 01-05-2024, 02:00 PM
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bout $3.50
Bills crew / Bud Light crew / extra onion crew / M&P crew / lcp2 crew / ap3 crew / Trump crew / mcdonalds app crew / cat-owner crew / Tin Cup crew / self-checkout crew / country music crew / RIP snails crew / 214CE crew
post 1695920403 01-05-2024, 02:03 PM
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Originally Posted By BDub85⏩
~10k per month after tax, mortgage mostly paid at $1,400. Save the rest into retirement. Keep a large amount of cash for the next asset price crash.
Holy crap nice margins and mortgage payment my mortgage is $3450
post 1695920533 01-05-2024, 02:05 PM
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Net Income: $7.5k per month. This assumes no overtime, no bonuses, no holidays, not a month with 3 paychecks. This is also after 401k match contribution.

Net Savings: $3900

Formula: $1800 rent, $350 for internet+phone+electric, $450ish for groceries to be safe, no restaurants, no major events, $100/mo for subscriptions+gym, $200 for insurances, $50 gas, $350 misc+emergencies, $300 alcohol+weed = $3600
post 1695920553 01-05-2024, 02:05 PM
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Originally Posted By PShift5⏩
Holy crap nice margins and mortgage payment my mortgage is $3450
I got in on a 15 year mortgage with a very good rate. Its a starter home but once its paid off will be my first investment property.
post 1695920633 01-05-2024, 02:06 PM
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Originally Posted By BDub85⏩
I got in on a 15 year mortgage with a very good rate. Its a starter home but once its paid off will be my first investment property.
I did the same with my first house. Worked out well.
post 1695920673 01-05-2024, 02:07 PM
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Last month



Bills are around $4,500
I loe e.
post 1695920713 01-05-2024, 02:08 PM
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Originally Posted By Retoaded⏩
I did the same with my first house. Worked out well.
Do you still own it as an asset?
post 1695920783 01-05-2024, 02:09 PM
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Originally Posted By Redfish225⏩
Last month



Bills are around $4,500
I'm assuming you have a multi-person family with bills that high
post 1695920923 01-05-2024, 02:11 PM
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already got a nice little 1y savings. all down hill from here bc what i would have saved just gets thrown into retirement accounts and stocks
post 1695920993 01-05-2024, 02:12 PM
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Originally Posted By BDub85⏩
Do you still own it as an asset?
I did for 12 years after I moved out. Just got divorced last year so I finally sold it to recoup some liquid cash. But it was good cash flow and good write-offs, but when the market hit the crazy highs I decided time to sell it and simplify.

Also at play is I thought at one time investment properties would be a good retirement plan, but its now looking like increasing my ownership in my company is going to be the way to go, and I have the opportunity to buy another chunk in the next couple years from a guy retiring so a couple hundy Gs from the rental house was better in my bank account than tied up in the house.
post 1695921073 01-05-2024, 02:14 PM
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Originally Posted By Retoaded⏩
I did for 12 years after I moved out. Just got divorced last year so I finally sold it to recoup some liquid cash. But it was good cash flow and good write-offs, but when the market hit the crazy highs I decided time to sell it and simplify.

Also at play is I thought at one time investment properties would be a good retirement plan, but its now looking like increasing my ownership in my company is going to be the way to go, and I have the opportunity to buy another chunk in the next couple years from a guy retiring so a couple hundy Gs from the rental house was better in my bank account than tied up in the house.
Owning multiple small businesses grown by boomers looking to liquidate is where its at IMO
post 1695921483 01-05-2024, 02:22 PM
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Originally Posted By BDub85⏩
Owning multiple small businesses grown by boomers looking to liquidate is where its at IMO
The other thing I am going to do is fractional investing in commercial real estate deals, primarily multifamily, where I am just putting up some cash up front in an LLC that 10-15 people put money in (all the people are all good dudes in my industry), then that money under one entity becomes equity for a deal...and that is managed by someone else for a fee and I don't have to do anything but get mailbox money. I have some friends making a killing do it and they've asked me to join in when I am ready, which is going to be their next deal I think. Can do it starting around $50k per deal, they will raise a million or so then take that to the multifamily developer. Its a neat way to get into development with small chunks at a time in a bunch of different deals for minimal risk.
post 1695921593 01-05-2024, 02:24 PM
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Originally Posted By Retoaded⏩
The other thing I am going to do is fractional investing in commercial real estate deals, primarily multifamily, where I am just putting up some cash up front in an LLC that 10-15 people put money in (all the people are all good dudes in my industry), then that money under one entity becomes equity for a deal...and that is managed by someone else for a fee and I don't have to do anything but get mailbox money. I have some friends making a killing do it and they've asked me to join in when I am ready, which is going to be their next deal I think. Can do it starting around $50k per deal, they will raise a million or so then take that to the multifamily developer. Its a neat way to get into development with small chunks at a time in a bunch of different deals for minimal risk.
Syndicate deals, yeah those are good if you can trust all parties involved. Problem is if you 1031-up 10 years down the line is everyone involved onboard
post 1695921653 01-05-2024, 02:25 PM
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WTF y'all have good jobs and still barely saving???

I've I don't have $1000 leftover I don't feel great. Ideally I'd want $2000 leftover.
post 1695921963 01-05-2024, 02:32 PM
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Originally Posted By PShift5⏩
Net income $5815,

Net savings after everything is ~$800
Breh how are your expenses $5000 LMAO!
post 1695922043 01-05-2024, 02:33 PM
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Originally Posted By BDub85⏩
Syndicate deals, yeah those are good if you can trust all parties involved. Problem is if you 1031-up 10 years down the line is everyone involved onboard
100%. They are selective about who they invite.
post 1695922063 01-05-2024, 02:33 PM
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Once a year, my accountant looks at my expenditure for the previous year and we pay me the gross amount necessary to produce a net of my expenditure + 10%.
Screw nature; my body will do what I DAMN WELL tell it to do!

The only dangerous thing about an exercise is the person doing it.

They had the technology to rebuild me. They made me better, stronger, faster......
post 1695922803 01-05-2024, 02:46 PM
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Originally Posted By BDub85⏩
I'm assuming you have a multi-person family with bills that high
Yes.
I loe e.
post 1695922813 01-05-2024, 02:46 PM
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Originally Posted By MikeLowrrrey⏩
Breh how are your expenses $5000 LMAO!
Mortgage $3450
Student loans $295
Car payment $438
Car insurance $150
Electricity $100
Internet/phone/gym/sling TV $240
Food $200
Misc $200
post 1695922863 01-05-2024, 02:47 PM
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Originally Posted By DuracellBunny⏩
Once a year, my accountant looks at my expenditure for the previous year and we pay me the gross amount necessary to produce a net of my expenditure + 10%.
You own a business?
post 1695922883 01-05-2024, 02:48 PM
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Nice try hackers
"One day I won't be able to lift any more. Not I won't want to lift. I mean physically unable. That day could be decades from now or it could be tomorrow. All I know is that's the day I'll wish I could lift more than ever. The day I'd give anything for one more workout, one more set, or one more cardio session. So go hard and enjoy every workout, every set, every rep. Because one day you will wake up and you will never get it back."
-SoutheastBeast1
post 1695922933 01-05-2024, 02:49 PM
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Originally Posted By PShift5⏩
Mortgage $3450
Student loans $295
Car payment $438
Car insurance $150
Electricity $100
Internet/phone/gym/sling TV $240
Food $200
Misc $200
What kind of home has that mortgage bruh? You put like 2% down?
post 1695923403 01-05-2024, 02:58 PM
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Originally Posted By BDub85⏩
What kind of home has that mortgage bruh? You put like 2% down?
5% down got it back in October 2023 at 6.5% interest 450k home lol
post 1695923423 01-05-2024, 02:59 PM
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Originally Posted By PShift5⏩
You own a business?
Yes. I only take out what I actually need.
Screw nature; my body will do what I DAMN WELL tell it to do!

The only dangerous thing about an exercise is the person doing it.

They had the technology to rebuild me. They made me better, stronger, faster......
post 1695923503 01-05-2024, 03:01 PM
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Originally Posted By PShift5⏩
5% down got it back in October 2023 at 6.5% interest 450k home lol
Damn son thats a bad buy, you save money renting...better hope Fed drops rates in Q1 and home prices shoot back up so you can re-finance...I don't even pay 6.5% on my truck
post 1695931603 01-05-2024, 06:01 PM
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Originally Posted By BDub85⏩
Damn son thats a bad buy, you save money renting...better hope Fed drops rates in Q1 and home prices shoot back up so you can re-finance...I don't even pay 6.5% on my truck
My truck is 7.8 percent everything was a bad buy in 2023
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