I know this video is old but hun you absolutely can contribute to the Roth via the backdoor, which is just putting the money in the traditional then transferring it to the Roth. It's legal and on the IRS website. I hope someone's told you this but if they haven't and you see this, please add the 6500 for 2023 before tax day if you didn't already.
Wow...WOw!...WOW!!! I'm beyond impressed young lady. I'm in my 60's and can tell you that if you stay on your course you are going to absolutely crush it. I feel lucky to have gotten my act together by 35 and become financially independent before 50, but you're going to kick my butt..LOL! Your parents must be so proud. You're a Rockstar.
@2:02 Something is off with your assets vs liabilities explanation. If you have mortgage debt as a liability, then it should be your home VALUE that's in the asset calculations and not home equity. Your home equity is the difference between home value and mortgage debt (what it could sell for minus what you owe to your lender). Your networth should not necessarily be negative just because you have mortgage debt unless your home value dropped and/or you have other non-house liabilities that offset your total asset values.
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I know this video is old but hun you absolutely can contribute to the Roth via the backdoor, which is just putting the money in the traditional then transferring it to the Roth. It's legal and on the IRS website. I hope someone's told you this but if they haven't and you see this, please add the 6500 for 2023 before tax day if you didn't already.
Where can i get this template?
Wow...WOw!...WOW!!! I'm beyond impressed young lady. I'm in my 60's and can tell you that if you stay on your course you are going to absolutely crush it. I feel lucky to have gotten my act together by 35 and become financially independent before 50, but you're going to kick my butt..LOL! Your parents must be so proud. You're a Rockstar.
How did you have over 30K saved 6 months post grad? Did you work through college?
In the video, she says she worked throughout college.
Great video!
Can you share a day in the life of your business tasks?
Thanks!
@2:02 Something is off with your assets vs liabilities explanation. If you have mortgage debt as a liability, then it should be your home VALUE that's in the asset calculations and not home equity. Your home equity is the difference between home value and mortgage debt (what it could sell for minus what you owe to your lender). Your networth should not necessarily be negative just because you have mortgage debt unless your home value dropped and/or you have other non-house liabilities that offset your total asset values.
Good catch
Love this! So informative and you are great at explaining things. Been following along on Tiktok and Instagram :)
awe thank you!! 😊
Amei todas as bolsas lindas e de muito bom gosto.Parabens #LVGUCI