Modica Financial
@ModicaMoney
Expert financial coach and investor helping regular people gain control of their money and find financial peace.
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The SAT should have a section where students calculate interest pay down scenarios on 7.5% interest 200k loans in forbearance
It took the U.S. 220 years to reach $1 TRILLION in debt. Today, we add that every 5 months. 🤯
We are entering a “Crazy Uncle” market where people who own gold, bitcoin, guns and land will do very well.
Gold is up 70% since the start of 2024. The market is telling you something. Are you listening?
I have to think Bitcoin is very cheap below $110,000 and falling...
Financial freedom isn't built overnight. Keep watering your goals, and one day you'll wake up in the shade of the trees you planted years ago.
"Billionaires shouldn't exist" is a fancy way of saying "I think I should be entitled to someone else's money and property"
Reminder: Profit is a good thing. This should be an obvious statement. But, since our youngest and most educated citizens keep voting for people like Zohran Mamdani and AOC, apparently it needs to be reiterated. Profit is a good thing. It is critical for a progressive,…
Government run grocery stores?! Grocery stores make almost no money (1-2% profit margins) So the gov can't sell groceries any cheaper without losing money Losing money = raising taxes, cutting services or both With the rich fleeing, the financial burden grows on the poor
Another orchestrated & organized event to encourage the contributing law abiding tax payers and business owners to exit California. This is a land grab. Do not be deceived! This is not nor has it ever been incompetence - it’s intentional. The goals is to get rid of law…
If people understood fractional reserve banking there would be revolution by tomorrow morning.
Home Equity Loan myth; There's no such thing as borrowing from your house. You borrow from the bank. The house is what you give them if you can't pay it back.
After 60 months of payments, you've got a paid-off car that you bought for $40,000, that ended up costing you $50,000 (thanks to interest), that's now only worth $16,000 (thanks to depreciation). So, as astronomically stupid as that is, why are people still buying new cars on…
Federal employee retirements are processed using paper, by hand, in an old limestone mine in Pennsylvania. 700+ mine workers operate 230 feet underground to process ~10,000 applications per month, which are stored in manila envelopes and cardboard boxes. The retirement process…
Investments 10 yrs ago that are now worth $1 million: $3,600 in Bitcoin $3,700 in Nvidia $34,000 in Tesla $52,000 in Netflix $55,000 in Broadcom $68,000 in Amazon $92,000 in Eli Lilly $108,000 in Crocs $110,000 in Microsoft $115,000 in Apple $125,00 in Meta $140,000 in Alphabet
.@JMilei: “For the first time in 124 years, Argentina will have fiscal equilibrium.” We need more Milei and less Marx everywhere.
If there is not radical reduction of government expenditures, then, just like an individual who has taken on too much debt, America will become de facto bankrupt. The interest on the debt is trending to rapidly absorb all tax revenue, leaving nothing for critical needs.
This is not Apple, Tesla or even Nvidia. This is interest payments on the US national debt of $36 trillion. We now pay nearly $1.2 trillion per year in interest on the debt, about 23% of all taxes, tariffs and fees collected by the US govt goes to paying interest on the debt.
If you want your annual income to grow without having to do extra work, then dividend stocks are for you.
Having $250k invested by 30 means: $500k at 37. $1M at 44. $2M at 51. $4M at 58. $8M at 65. 👀
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