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Cory

@cory30

49

AI, Investing and Making Millions

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2024-12-23 00:37

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cory30

3M

RE: LeoThread 2026-06-04 07-54

Compounding is the secret to wealth Investing $250 a month grows to $565,000 in 30 years at a 10% average rate $90,000 total contributions $475,000 from growth

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cory30

3M

RE: LeoThread 2026-06-01 14-26

Internalize five financial rules during the 20s and 30s to build the foundation for wealth in the 40s and 50s:

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cory30

4M

RE: LeoThread 2026-05-15 14-25

$7,322 = average US household income per month $6,440 = average US household expenses per month $882 = average monthly surplus A monthly surplus of $882 could enable a path to financial freedom

cory30

5M

RE: LeoThread 2026-04-10 04-53

The following advice was offered:

cory30

5M

RE: LeoThread 2026-04-10 04-53

A case from last year showed the following: Net income = $12,000 Rent = $5,000 Daycare = $2,500 Student loan pmts = $2,500 Food = $2,000 Utilities = $600 Other = $1,000 Total expenses = $13,600 Net deficit

cory30

5M

RE: LeoThread 2026-04-01 20-35

To become an investor, start speaking like one 10 investment terms to get started:

cory30

5M

RE: LeoThread 2026-03-23 23-05

A person earning $90,000 a year pays roughly $22,156 in taxes (24.6%) Another person earning $100,000 a year pays $0 in taxes This can occur because deductions, credits, and other tax rules can reduce

cory30

5M

RE: LeoThread 2026-03-17 01-05

haha that gif nails it - mindset really is everything in building that wealth

cory30

5M

RE: LeoThread 2026-03-17 20-57

haha that gif nails it – running from the bill collectors while chasing the "dream"

cory30

5M

RE: LeoThread 2026-03-17 20-57

Instead, consider these steps for better results: Paying down high-interest debt Building an emergency fund Investing in marketable skills and diversified assets Prioritizing affordable housing and

cory30

5M

RE: LeoThread 2026-03-17 20-57

Society frames the American dream as: Getting a degree ($600/month) Driving a new car ($700/month) Owning a house ($3,000/month) But this isn't a dream, those payments are a nightmare

cory30

6M

RE: LeoThread 2026-03-17 01-05

Reached millionaire status at age 41 That milestone could have come in the 30s if these 5 fundamentals had been accepted sooner:

cory30

6M

RE: LeoThread 2026-03-16 06-40

How to win at the stock market: begin keep things simple open an account DCA (dollar-cost averaging) identify strong funds and companies stay consistent regardless of market conditions

cory30

6M

RE: LeoThread 2026-02-21 22-17

This illustrates how the same percentage return yields much larger dollar gains as capital grows

cory30

6M

RE: LeoThread 2026-02-21 22-17

Starting small is difficult, but necessary for compounding to work in one's favor 10% return on $1,000 is $100 10% return on $10,000 is $1,000 10% return on $100,000 is $10,000 10% return on $1,000,000

cory30

7M

RE: LeoThread 2026-02-12 04-21

Compounding is a powerful path to building wealth A $250 monthly investment grows to $565,000 in 30 years at an average 10% annual return Only $90,000 is total contributions $475,000 is growth

cory30

7M

RE: LeoThread 2026-01-18 16-18

Person A earns $100K but spends $95K Person B earns $75K but spends $50K Which one ends up wealthier?

cory30

8M

RE: LeoThread 2026-01-12 03-06

Invest $500 a month with a 10% average return: In 20 years = $382,000 In 30 years = $1,139,000 In 40 years = $3,188,000 Over time, one's money becomes the best employee

cory30

9M

RE: LeoThread 2025-12-15 03-14

haha yeah that Spidey wisdom hits hard – responsibility's the real superpower for turning things around

cory30

9M

RE: LeoThread 2025-12-15 03-14

Blaming others keeps wealth out of reach Taking responsibility brings hope