Washington's current salary is $120,000 per year, but he managed to save over $300,000 while earning between $85,000 at his first job out of business school and around $100,000. Though he lives with his wife, LaTaya, Washington paid off the full amount of the mortgage with his own investments and savings.
It was this combination of strategies that worked for Washington. "That's my approach to building up wealth and money," he says. "It's not one big thing that helps you get to a good place, it's a million little things and the choices that you make every day that add up." While he liquidated almost all of his savings to pay off his home, he's rebuilt it over the past year and says he now has around $140,000 socked away in various accounts. That's his focus going forward.
MakeIt Nobody does that anymore but he helps himself huh?
MakeIt Congratulations to this wise young man.
MakeIt Technically he did invest the money, in property
MakeIt Good for him, he’s 1 in millions
MakeIt Maybe it’s because he can pay off 300000 in 3 months
MakeIt It hard for banks to take away a paid off house. staydebtfree
MakeIt Who has the money to pay off their house in three months, give me a break
MakeIt Because the markets were in turmoil due to coronavirus. Clicks saved
MakeIt Ummm did he pay taxes on his brokerage account?
MakeIt Murder of crows policies alumni cumulative upkeep snowballeffect Karmaloop 'product' $mgmt development position technicians take expertisematter knowyourvalue heygirl fidelity this not that acorns win-win
MakeIt There are missing parts to this story. Supposedly, he saved 300k in five years with an 85k/year salary. Also, his wife has six-figure college debt.
MakeIt People are dying ...
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