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Network with other Minority Mindset thinkers.
Taxes
Where is the best place to find tax rules?
Landon Martin Usually you can find tax information on the website for your city, county, state, etc. by searching for it online and then looking for a website for that location. When searching on the state or federal level you could also look for websites that have a ".gov" address. They will have the most accurate information because they are actually run by the state or federal government. There might be better places to look but for the limited amount of research that I have done on taxes, that is... [ more ]
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Debt Management
Paying for Medical School
Socksket Thank you Landon! I appreciate your advice, and I looked into the state income tax implications for my own state and found no benefits in sight hahahaha, yeah it might be better to just throw whatever I would've contributed into a savings account and collect the 1-2% interest. Also you'd be surprised, from what i can see, and have heard, Med school is more about sustaining an uncommonly high work ethic over a period of decades than it is about being smart. [ more ]
Landon Martin Sorry to hear there is so much uncertainty for you! I hope everything works out. Things to look out for when selecting a 529 plan are the tax benefits, types of investments, and associated fees. Every State in the US have their own 529 plans and the rules can vary with each State. One of the biggest benefits to the 529 plan is that the money can grow and be used tax-free on the federal level but of course there are some exceptions on the state level. Not all states offer a state income tax... [ more ]
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401k Alternatives To Keep More Money
Mohammad πŸ‘€
Sarahi Villegas ❀️ πŸ’―
Landon Martin πŸ’―

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Stock Market vs. Real Estate Investing - Who Wins?
Riva951ie @Landon Martin When I purchased my first property in 2011 I had my capital in a regular savings account (Before I knew about high yield savings and before I started reading into financial literacy). With the times we are in of uncertainty, for a bug purchase like that I think High Yield Savings would be a safe bet because it is for sure opposed to stocks that are fluctuating like crazy. [ more ]
Landon Martin Any advice or ideas on where to put money that will one day be used to buy investment properties? If it will take a few years to build up the required capital should the money be in the stock market (in more conservative investments), or should it be in an even safer location like a high yield savings account, or something different? All ideas welcome! [ more ]
Sarahi Villegas ❀️
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Book Club
If you had a chance to ask the author of your favorite money management book, what would you ask and why?
Landon Martin The question that I would most like to ask is just "What is one piece of information that you wish you could add to or remove from the book?". I know a lot of authors will often release new editions of their books to update the information to fit their current ideas, but it would be interesting to me to see how their ideas have changed over time. [ more ]
Dashanera Don’t have a book. But how to handle emotional spending. [ more ]
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Stock Market Investing
What do you all think of the recent stock market gains? Will the stock market continue to grow through the rest of this year??
Landon Martin It feels like the headline I see everyday is that the stock market rose on investors hope for the next stimulus bill or something similar. Obviously a lot of how the market is valued is based on how people feel but it seems like too much value has been placed on that recently and not enough on how companies are actually performing. Makes me think it can't continue like this forever but at the same time I don't know if that necessarily means a big drop in the market. [ more ]
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Debt Management
Paying Off a Mortgage

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Stock Market Investing
Investing for Passive Income
Landon Martin Thank you, Nathan! [ more ]
Nathan_Gregory Hi @Landon Martin , we actually published a complete guide on this a little while back: https://theminoritymindset.com...ide-getting-started/ But essentially, if you wanted to gain passive income with stock market investing, you would have to invest in a company that offers its stockholders a dividend. Invest in enough companies that provide a dividend and you'll basically be paid for owning shares, AND you'll have the value of the stock you can sell at any time. Hope this helps! [ more ]
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Make $1,000/Month From Dividends In The Stock Market | Investing For Passive Income
Avtar Singh πŸ‘
blaise_89 πŸ‘
Landon Martin Aw man I just made a post about understanding how to make passive income in the stock market. Guess I should've checked the recent posts first. Thanks for this! [ more ]
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Retirement Planning
What is by far the EASIEST way to retire a millionaire?
Nathan_Gregory @Landon Martin Great tips! Traditional investing can be a great way to build some wealth over time, but like you said, your money is sort of trapped until you are of retirement age. Not a bad way to get to a million though! [ more ]
Landon Martin Can't answer this question with 100% certainty because I am far from retirement and far from having a million dollars, but the strategy I am currently using to hopefully get me there is to max out my Roth IRA (love the idea of not having to pay taxes on it later), contributing only to my 401k the amount that gets me the full employer match (got to get the free money), and then putting the rest of the money that is meant for investing into other accounts where I have more control over my... [ more ]
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Debt Management
Is NOW really the best time to refinance your student loans??
Elliot Glenn Hi Nathan, What I’m doing right now is taking advantage of being able to pay down my principle balance with 0 interest. I think it’s unlikely that interest would go up significantly, if at all, when the federal loan forbearance ends at the start of next year. I plan on refinancing then. [ more ]
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How Will The Election Affect The Stock Market

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My Tenant Just WALKED AWAY | Walk Through A Real Estate Investment Deal
Landon Martin πŸ”₯

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Why Life Is Getting SO EXPENSIVE In 2020
Landon Martin 😒

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Stock Market Investing
Is there a stock that you regret buying? Any that you're glad you kept?

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Saving Money
What’s one hack that helps you with your budgeting?
Nathan_Gregory @Landon Martin It's definitely been tougher due to the rising prices at the grocery store. As to how to return back to normal: We'll have to wait and see what things look like when they actually do return back to normal, but we actually recently published an article on things you can do to pass the time during this pandemic not too long ago (don't worry, there's some options for going out of the house on this list, too). Hope this helps! https://theminoritymindset.com...ys-to-pass-the-time/ [ more ]
Landon Martin It was very easy to stick to the budget while everything was shutdown since there was nothing to spend money on but ever since things have started opening back up it has personally never been more difficult to stick with it, at least as far as the budget for eating out goes! I have definitely exceeded the amount of money that I designated for eating out the past couple of months because besides going on multiple walks everyday, going to get food is the only time I get out of the house. [ more ]
Nathan_Gregory @Landon Martin I love the auto deposit idea! One of the best ways to go about your saving/budgeting is staying organized and using certain plans and aspects to your advantage. Has the pandemic affected your budgeting at all? (Has it made it easier, better, or harder to stick to?) [ more ]
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The MOST OVERVALUED Stock Market In History

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Does America REALLY Need More Stimulus Checks?

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Stock Market Investing
If you had $10,000,000 to invest in the stock market today, how would you invest your money?

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Buying A Home
How was your experience buying your first home? Any advice for first time home-buyers?
Sheree ❀️
Nathan_Gregory @Landon Martin That's crazy! I would have never thought to check anything like that before buying a home. That goes back to what @Steve was saying though, you really need to be thorough and check literally everything on the property; from the smell, to the actual ground itself! [ more ]
Landon Martin Bought my first house about a year ago. The process itself was mostly painless, but houses were selling so fast in the area it was sometimes frustrating and annoying trying to find a good deal that wasn't being snatched up immediately. One thing I have learned since buying the house that I never would've considered beforehand is to look at the composition of the soil in the area. Where I live the soil is mostly clay which can expand and contract a lot depending on how much moisture it is... [ more ]
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