On today's episode I sit down with Khalil as we discuss the following topics:
Net worth is slightly more important, our generation-is obsessed with multiple streams of income but not increasing net worthDiscussing the difference between investing in RE vs stocks at our age.
Which is more opportunistic, a better ROI, and why risk is a considerable cause for concern.
Focused on dividends and dividend growth companies for a consistent passive income and remain above inflation.Discussing liquidity And Cash flow as a millennial
Bank accounts, high yield savings accounts, 401ks, Roth IRA, high growth dividend stocks.Rent to income ratio and how poorly we manage that:
You should only be spending 30-35% of your monthly gross (not net) income on rent. Anything higher is a mismanagement of cash flow or relative to high cost cities i.e. NYC, San Fran, Chicago, LA.Top cities we would move to and why
Understanding the cost of living adjustment.Discussion on growing your “brand”
In your mid 20s is the time to realize the job you do right now is a specific skill set, the demand for that skill set outweighs the supply. Leverage your value in the system, increase your network.
Maintaining a consistent workout schedule with you work life and Balancing responsibilities
Khalil is currently studying for the CFA level 1 in addition to daily meditation and working out