The Blueprint For Financial Wellbeing

The average person needs only 4 accounts to manage their money 

Expense Account

Expense Account

This account holds 2-3 months worth of expenses

Paychecks come into this account

Money is spent out of this account using debit/credit cards

Retirement Fund

Retirement Fund

  • This account should be a Roth IRA
  • This account has a deposit limit set by the government
  • Put all excess cash into this account until it is full and the annual deposit limit is reached

Emergency Fund

Emergency Fund

  • This account is only used for large, unexpected expenses
  • This account must have at least 3 months worth of expenses but never more than 6
  • This account is not connected to any debit cards or credit cards

Investment Fund

Investment Fund

  • Most people call this their "Life Savings"
  • This account is for all excess cash after the annual Roth IRA deposit limit has been reached
  • Usually a brokerage account that holds stocks & ETFs, can include crypto, real estate, art, etc.

ABOUT

LT Investing is about helping people achieve long term financial prosperity through generic financial advice. Investing long term is the best way to achieve lasting financial success and wellbeing.

Ryan Himes is a M&A Specialist with experience at JP Morgan and in Venture Capital. He’s an experienced investor with expertise in valuation and macroeconomic trends.

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