All Forum Posts by: Jess White

@Crystal Wilson 50$ per month pet rent and 1000$ additional deposit. No aggressive breeds.

@Dan Heuschele Best answer so far. Love it

@Erik Whiting You nailed it sir. Reminds me of the story of the fisherman in Mexico. Less, is often more.

@Dan B. I think you might be missing the point. The post is not about getting a “better return”. We all know real estate is king, or else we wouldn’t be on BP. It’s about diversity of income streams throughout life and different stages of life.

401k will never get the returns of leveraged real estate. It’s an alternative stream of income that shouldn’t be ignored if you have the opportunity. It’s an added layer of protection for our future selves.

It ideally should never be the sole source of retirement income. You’re very right, tax rates definitely could, and may likely go up.

@Christopher Davis Just remember, if it was easy everyone would be doing it and the returns would be meh. You’ve got to want it, bad. The people who want it the most and who are obsessed with real estate, are the ones who crush it. Nothing will get it in their way.

Good luck Christopher! You can do it.

@Henry Escobar🤦‍♂️

@Kevin Wolfe Thanks. I couldn’t agree more.

I had a 401k from my first job that I cashed out at 22, big mistake. It would’ve been worth significantly more today.

@Greg Junge I think just about everyone on here knows that real estate is likely to produce more cash than a 401k. I don’t think that’s really the issue we are getting at though. It’s another tool in the tool belt so we can have as many different streams of income as possible in the future - not just one asset class.

If you are scrimping to get by and can hardly save any extra money outside of your 401k, sure, it’s probably more lucrative and smart to spent that little bit of extra cash on cash flowing real estate vs the 401, initially. However, as cash surplus starts coming in, the 401k is just one more avenue to target that extra money for future gains and save a little in taxes in the mean time.

@Logan Graham Yep. There’s not a lot of financial education in schools. However, I’m not sure that’s really the problem. I think most people know to avoid bad debt and to invest their money. Most don’t want to make the sacrifice and give up the ephemeral pleasures for long term gain.

However you are most definitely right. Schools could do much better on financial education.

@Todd Fithian The 401k loan is very underrated and a great way to go. Little downside to it.