Why I Stopped Investing In the Stock Market

So a lot of you probably read the title and saw the thumbnail and think, wow the market must be crashing and he knows something, so it's time to get out.

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1. What is My New Plan ( not just my plan but I recommend this for anyone watching this video )
- Is going to be to lower my expenses by a lot and do things in order
- Now the truth is that so far I’ve invested 317k and by the end of this year will have $500k invested ( this money has already been set aside)
- But any new money today will be used in a different way
- So here is my plan and feel free to steal it

New plan: Part 1 of 4 ( getting rid of all the debt, except the mortgage, and I don't have a mortgage)

- I will remove my personal Debt of Student Loans of $21k ( I’ve been waiting because we don’t know if they are going to forgive it or not, but I'm not going to wait past September, because they should have answered by then)
- But the first step is going to remove all personal liability, while low expenses :
- Minimizing contributions to investments 1%, fun 1%, charity 1% ( to be hyper-focus on the goal ) – which is to get rid of debt
Part 2: is to Build an Emergency and Resume investing
- But remember my investment rate was 95% of my income, and now I’ll lower it to somewhere around 10-20% and an extra 5% later if in the future I have kids for the 529 account ( first I’ll take advantage of my retirement account match, and then any money left over I’ll put into my taxable account ) –

For example: if I make $20k per month which is $240k per year and I invest 20% of that, that’s around 48k, $19,500 goes into my Roth 401k, the company matches 12k, and the rest which is $28,500 goes into Taxable account ( which leaves me with 192k pretax money ) – now I know these numbers are big, but it’s the idea if you make 2k per month once you are done with debt

- At the same time, I’m supposed to bulk my emergency account by putting around 10-20% of my money inside of it but I already have 6 months so that should be solid

Part 3 Would be buying a home While I continue to invest ( this will lower my expenses )
- the extra money I have to save up for a 20% down payment on a 15-year mortgage, with a property that’s not more than 33% of my monthly income. ( this can be a really big property, but I’ll buy something that’s no more than 15% of my income, which for me would give me a budget of $3000 ) – but included in that are Property taxes, Insurance, HOA fee Potential, Maintenance, and everything that has to with the property
- Once I save up the money which should be around 80k plus an extra 10-20k for the closing cost ( I’ll buy the house )
- However Once I buy it, I’ll through 15%-20% to however much I can towards the mortgage ( to finish up faster than 15 years )
- And yes of courses I’m still investing that 10-20% or 25% with kids while doing this

Part 4: Auto-Pilot
- once the property is paid off, my living cost go down $459 ( I’ll have to save obviously somewhere around 5% of the property value for repairs and maintenance of courses - so around 20k )
- But now that the house paid off, I can raise my investments a lot more, or raise my fun account a lot more, or raise my giving account a lot more
- Now you guys know me, I’ll be investing a lot more money obviously, but I’ll also be spending more money and giving a lot more to people that need help.

2. Overall with this plan
- Imagine if the Stock market crashes when I’m done, it doesn’t matter to me, because I’m not depending on it for passive income, and I can just take the more money and put it into it .

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I'm an Accountant but I'm not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

Видео Why I Stopped Investing In the Stock Market канала TommyBryson