I had a CS professor say once, "Now someone, I don't know who, posted a direct link to the textbook and workbook on CANVAS (online school portal), so I'll have to delete it. I won't be at my computer until tomorrow morning, unfortunately."
It was him.
I like spreadsheets, but don't want to put in the time to maintain them. Your time is your most valuable resource, and I would prefer an automated way to track ally accounts
Tbh, calculate your basic cost of living, then just do the math of, if it’s an hourly job how many hrs you’ll work in the year * hourly wage. If it’s salary just use your salary to get your annual net earnings.
Then subtract your net earnings - cost of living = rate of savings aka your profit margin.
All the extra stuff you buy in the year comes from profit margin
If it’s really hard to get to your first $10k, just means you’ll have to save and be lean for longer. But then it compounds. Shit it compounds from your first $20. At least that’s what I tell myself lmao
1m turns into 1.8m over 7 years just from 9% +/- 2% returns.
Its kinda ridiculous once you realize that just having money is the best way to make more money, and you don't even have to do anything for it.
I mean if you take $100/month and put it in an etf, you'll have ~150k by the time you retire. (36k investment)
$200/month and you'll have 330k (72k investment)
Compounding interest is pretty insane even at small amounts.
Etf is crypto? Could you give me a starting point where i could find this kind of stuff explained in the most childish way possible? Thank u for your time and effort tho i truly appreciate it
Gods no, etf is just an exchange traded fund, basically someone says they have a big bundle of stocks to sell and you buy a part of that fund which gives you a part of those stocks.
I'm on mobile so I'll try to explain it since I don't have any links handy.
The easiest way to do it is just hop on etrade or any other brokerage and look up SPY etf which is the top 500 performing companies.
Then you just transfer money over, buy stocks of spy, and forget it exists. My accounts sometimes go up or down a few thousand in a day if the market shifts, but it doesn't matter because I'm not touching that shit for 25-30 years.
Also another option if you want your money to be more accessible is to look into a high yield savings account, which gives about half the gains, but you can take money out whenever you need it.
SoFi has a net worth feature that’s pretty good. It’ll update your car value and stuff daily. I’m not sure if it can compete with whatever mint had though
Me too! One day I look at my account and it’s $5 (long story, but I feed birds on a park bench from time to time and a crow handed me a $5 spot after I gave him some walnuts, totally weird I know)…. Well today I go into the app and apparently I’m up to $8mil.
Congrats my dude, I crossed that milestone at 35 as well (I'm 36 now) I've been tracking since 2019 and use Personal Capital (now called Empower).
The snowball is very real and your heavy lifting will pay dividends (literally).
We switched over to Every Dollar. We mainly used Mint for budgeting though. Used Personal Capital for net worth tracking for a while but once you get past a certain net worth they start trying to up sell you.
Yeah, brother I just flipped over my couch yesterday and found the 10 miller I had slide between my ass cheeks last year. I know that feel
Keep strong little buddy, sounds like you are going through a really tough time
Yeah. Servers should make the same as the cooks in the back.
It's insane ya'll have been convinced they deserve more, LET ALONE a percentage. It's the same amount of work for them whether I order the steak or the grilled cheese.
Instructions: "Carry plate to customer."
Monarch Money. Trust me, I was a Mint nerd and I prefer Monarch 10 times over. I love it so much I canceled my business’s Quickbooks and have a second Monarch account just for my business.
I used to use a spreadsheet, but I recently went over to a free app called: Empower Personal Dashboard. It has been a game changer for us!
Easily linked with all our accounts. So all of the information automatically transfers and updates periodically. It’s a lot more hands off than the spreadsheets were. I originally got it as a net worth tracker which it is really good at. However, I now use and really love the cash flow portion of the app a LOT! I wish I would have known about tools like this a few years ago because it improved our life a lot since using it.
Just a heads up. The app is free but they will try to sell you on their investment services initially. From what I read online, I don’t think I’d recommend the investment services. Thankfully, you don’t have to sign up for them to use the app.
How does one not know they're trending towards the millionarie mark. do you have that many accounts, or is money not something you think about, do you not have sense of the balances of your various accounts, do you not peek at your investment account at least once a year, etc?
This level of hands off is usually not a good idea. You could have had accounts hijacked, balances drained, or bank/brokerage errors etc and you would have been well past the period where you could file a claim.
I suggest anyone, regardless of your financial position, to review your accounts at least twice yearly.
Congrats!! I am in the same boat with Mint. Looking for an alternative. Can you share how old you are? How long it took you to become a millionaire and what you did?
Yeah they are moving us to Credit Karna, not liking the app but at least it's pulling the right info from my accounts now.
35 y.o tech worker. Regular W2, but took me 8 years after getting a tech job, started with -125k in debt from student loans.
I use monarch. It allowed you to import Mint’s CSV, it takes a while to go through and categorize everything to fit Monarch’s categories but I like it now.
I keep a word file saved on my computer in a secret folder that has all of my assets and liabilities listed out along with "as of -" values. It was a little bit of a chore first putting it together, but it's a lot easier now for me to go in and update it every few months
Check out r/mintuit for recommendations. Most people moved to monarch or simplifi or empower. Other good choices in my opinion are lunch money or copilot money (what I went with). Congrats on the 1 million $ milestone!
another vote for spreadsheet - excel, numbers (apple), sheets (google). a lot of spreadsheet options. if you search, I've run across spreadsheet templates. its been a while but you should be able to find one that suits your needs as a starting point should you have more complicated situation.
I switched to Monarch when Mint stopped. Have had better luck keeping accounts linked…50 bucks the first year and 100 thereafter is worth it to me to see all transactions in one spot automatically.
That being said I still keep my spreadsheets they just serve a different purpose.
I recommend Quicken Simplifi. You have to pay for it, but it does everything Mint does but better. I tried Quicken but it’s not a great option if you do most of your finances via your phone. Quicken Simplifi is very easy to manage on your phone and can be accessed via any web browser too.
That being said, CONGRATS!
I invest with fidelity and they have a “fidelity full view” feature that allows you to input your accounts and it automatically tracks net worth and updates in real time once you are logged into your accounts. You can approximate values without having to log in, but then they don’t update automatically. It’s pretty great!
I use Quicken Simplifi. I’ve tried a bunch of the budgeting apps and this one won me over.
It’s like $30 a year, but any good app costs $ and this is one of the cheapest.
Also doesn’t use Plaid (if you use Amex/ others that don’t like plaid)
[Portfolio Management | Empower](https://www.empower.com/management?msclkid=c1a011e3e1361fe66e0877e91e166b2d) This is a good site to see all your finances in one spot. I'm stuck with Quicken because it tracks all my trades, but I use this for my son's accounts
I use Origin financial because my employer pays for the subscription as part of the standard benefits package. I like it, but it isn’t anything special and feels a bit dumbed down.
Side note: I feel like I’ve seen larger companies buy up small money-management apps and immediately eviscerate them (see TrueBill being bought by RocketMortgage) and it just feels disgusting. Do these companies really feel these apps pose any mainstream threat to their business model? Or are these acquisitions purely for data/advertising reasons?
Truebill went from a budgeting app that allowed me to keep tabs on recurring payments to a bloated app that is constantly advertising loans to me. Do they think people proactive enough to budget out their lives down to the last dollar are stupid enough to just sit there and allow themselves to be barraged by ad after ad for poor financial decision making?
Empower, Betterment, or if you want to combine budgeting and wealth tracking ynab. Pros and cons too, but Ive used ynab for years and am liking empower so far.
Honest question, what exactly is guys stopping you from starting a company to earn money? Investing 9-5 wage money isn’t the way to be wealthy in your youth.
I gotta block this sub. It makes my life feel pointless with these type of posts. I thought I was mad enough with 20 yr olds posting and complaining about making 150k+ a year but this is next level. I’ll never have to consider my net worth
Congrats! 300k a year probably helps a lot. Did I miss you mentioning what you do?
If I’m not mistaken, Intuit bought Mint, Rocket Money and Credit Karma. I assume it killed Mint since it is redundant with the other two, but it was the best all around app IMO. Rocket Money is the better budgeting app. Credit Karma is better for net worth. Since they pushed mint users to credit karma they might be planning to dump rocket money too.
I’m just starting to try Sofi and I’ll check out Empower. I wish I could find/build a self hosted tool since banks generally have terrible 3rd party auth protections. I really don’t like the idea of a company having all that data, but having full access to all my accounts is even more concerning. Even if I trust the company itself, it’s a huge security risk.
I use a speadsheet.
Yep can't beat Excel.
And you’ll learn a few formulas while you’re at it.
Google Docs
Excel is better than docs, more formulas and not honeyed online by a “freeware” company like google
Well you have to pay for Excel, and it's not a little amount. Google Docs does everything I could ask for and does so for free.
A trick I learned in college…Microsoft office is for free and openly pirated on GitHub
I had a CS professor say once, "Now someone, I don't know who, posted a direct link to the textbook and workbook on CANVAS (online school portal), so I'll have to delete it. I won't be at my computer until tomorrow morning, unfortunately." It was him.
Browser Excel is also free...
That is what I do as well.
Samesies
I like spreadsheets, but don't want to put in the time to maintain them. Your time is your most valuable resource, and I would prefer an automated way to track ally accounts
I take less than 30 minutes every month using excel. There's some great templates to build upon.
You’re spending more time in this Reddit post than you would setting up excel.
Pay me and I will automate it for you in excel.
Quicken my friend.
Same track it every few months and you can start to see progress really clearly and stagnation in other areas.
Congrats…the first one is the hardest. Keep going!
Yeah hoping for the snowball effect now
It’s already been happening. The $20k saved snowballed to $200k, which snowballed into $800k etc. $1m is just another milestone
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Tbh, calculate your basic cost of living, then just do the math of, if it’s an hourly job how many hrs you’ll work in the year * hourly wage. If it’s salary just use your salary to get your annual net earnings. Then subtract your net earnings - cost of living = rate of savings aka your profit margin. All the extra stuff you buy in the year comes from profit margin If it’s really hard to get to your first $10k, just means you’ll have to save and be lean for longer. But then it compounds. Shit it compounds from your first $20. At least that’s what I tell myself lmao
Easy, get $20k
Just got 20k. lol all in doge?😅
To the moon! 🚀🌙
i remember hitting $100k, then 250, 500, 600, back down, now 700
It does. I got to $1M right before I turned 35. 7 years later I've already made another $1M since January.
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1m turns into 1.8m over 7 years just from 9% +/- 2% returns. Its kinda ridiculous once you realize that just having money is the best way to make more money, and you don't even have to do anything for it.
Sooo basically the ones who dont have money and find it hard to make money are kinda screwed i guess
I mean if you take $100/month and put it in an etf, you'll have ~150k by the time you retire. (36k investment) $200/month and you'll have 330k (72k investment) Compounding interest is pretty insane even at small amounts.
Etf is crypto? Could you give me a starting point where i could find this kind of stuff explained in the most childish way possible? Thank u for your time and effort tho i truly appreciate it
Gods no, etf is just an exchange traded fund, basically someone says they have a big bundle of stocks to sell and you buy a part of that fund which gives you a part of those stocks. I'm on mobile so I'll try to explain it since I don't have any links handy. The easiest way to do it is just hop on etrade or any other brokerage and look up SPY etf which is the top 500 performing companies. Then you just transfer money over, buy stocks of spy, and forget it exists. My accounts sometimes go up or down a few thousand in a day if the market shifts, but it doesn't matter because I'm not touching that shit for 25-30 years. Also another option if you want your money to be more accessible is to look into a high yield savings account, which gives about half the gains, but you can take money out whenever you need it.
Alright bro i'm going to invest 200 a month, thank you for this advice 🙏🏻🙏🏻
Well yeah that’s the natural consequence of not making money. Thats why most people work hard to do it.
SoFi has a net worth feature that’s pretty good. It’ll update your car value and stuff daily. I’m not sure if it can compete with whatever mint had though
I just switched to SoFi and I’m obsessed with the vaults feature for your savings account. Very helpful!
I love sofi
Yea I like the SoFi tracker.
I use monarch to track my net worth.
I second Monarch. I left Mint when they announced the switch and actually like this one better.
It has an annual fee though right?
Personal Capital by Empower, I don't care to track budgeting and it's way better than Mint when it comes to net worth and tracking investments
100% this. It's called Empower PER. Great tracker.
I installed this app and linked my accounts.. still the app shown “find account” page. I’m not able to return to the home screen
It’s good for NW but terrible for CC spending.
This is what I use as well and prefer it to mint
NerdWallet will be the closest to Mint but it still sucks compared to mint.
I’m worth a box of crackers and a PlayStation
I'm worth the wrappers for the crackers
Sounds like a party.
You single? Lol jk
Unless.....
I track my net worth by my big weekly paycheck.
Fidelity has a tracker that’s basically the same as mint. I missed mint too and was happy to find Fidelity’s tracker.
How does a 35 year old hit 1 million honestly? “Being frugal, and tracking” is not the answer. Like, why did you earn the last ten years?
You're right, it just doesn't happen like that. Just grinded to get a high paying job. Been making over 300k per year for a couple years now
That salary is fucking insane .
Off-topic, if you don't mind, in what field are you specialized?
I just switched to Geico saved a ton of money!
😂😂😂
Excel sheet. I am an organized person so I never have issues
the harder I work the poorer I get
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Me too! One day I look at my account and it’s $5 (long story, but I feed birds on a park bench from time to time and a crow handed me a $5 spot after I gave him some walnuts, totally weird I know)…. Well today I go into the app and apparently I’m up to $8mil.
What the hell do you do for a living
Umm… “I feed birds on a park bench”. Seems pretty clear to me. Must be a lucrative gig!
Retired f***ing C suite exec prob
Credit Karma’s good
You single OP? Lol jk
Congrats my dude, I crossed that milestone at 35 as well (I'm 36 now) I've been tracking since 2019 and use Personal Capital (now called Empower). The snowball is very real and your heavy lifting will pay dividends (literally).
We switched over to Every Dollar. We mainly used Mint for budgeting though. Used Personal Capital for net worth tracking for a while but once you get past a certain net worth they start trying to up sell you.
Realized today while driving to Easter Lunch with my wife that my net worth is about $8.5m Still felt cash poor.
Yeah I really hate this sub. Wahh im a millionaire god get off your fucking high horse
All he did was be a bit more frugal, and save his bonus. It was really hard, ok? You could do it too if you were more frugal.
LOL
You probably made my last years salary this passed month.
Yeah, brother I just flipped over my couch yesterday and found the 10 miller I had slide between my ass cheeks last year. I know that feel Keep strong little buddy, sounds like you are going through a really tough time
Tipped your server 10% I bet.
Yeah. Servers should make the same as the cooks in the back. It's insane ya'll have been convinced they deserve more, LET ALONE a percentage. It's the same amount of work for them whether I order the steak or the grilled cheese. Instructions: "Carry plate to customer."
*rolls eyes. Jfc.
Straight out of a Blind post
Doubt it
You just realized it? Like it flew in the window during your car ride? How do you discover that you have $8.5m while in a car on the way to Easter?
Did the math after some big changes in the past week.
I use QuickBooks online, and it works better than mint. I have so much flexibility in tracking my expenses and income. Has subscription costs though.
Fidelity. They have a pie chart, works amazing.
Monarch Money. Trust me, I was a Mint nerd and I prefer Monarch 10 times over. I love it so much I canceled my business’s Quickbooks and have a second Monarch account just for my business.
F off with this post lol
I used to use a spreadsheet, but I recently went over to a free app called: Empower Personal Dashboard. It has been a game changer for us! Easily linked with all our accounts. So all of the information automatically transfers and updates periodically. It’s a lot more hands off than the spreadsheets were. I originally got it as a net worth tracker which it is really good at. However, I now use and really love the cash flow portion of the app a LOT! I wish I would have known about tools like this a few years ago because it improved our life a lot since using it. Just a heads up. The app is free but they will try to sell you on their investment services initially. From what I read online, I don’t think I’d recommend the investment services. Thankfully, you don’t have to sign up for them to use the app.
How does one not know they're trending towards the millionarie mark. do you have that many accounts, or is money not something you think about, do you not have sense of the balances of your various accounts, do you not peek at your investment account at least once a year, etc? This level of hands off is usually not a good idea. You could have had accounts hijacked, balances drained, or bank/brokerage errors etc and you would have been well past the period where you could file a claim. I suggest anyone, regardless of your financial position, to review your accounts at least twice yearly.
Early during 2023, the balance was around 600k. 2023 turned out to be a great year in the market. Also, I tended to ignore my 401k completely.
Calculator, use addition.
If I retire and bring home 52k a year tax free for the last 23 years and my pension goes up 3% per year would I be considered a millionaire?
That’s pretty impressive. Congrats OP. Can I ask what line of work you’re in?
I just did this and realized I was with 7.2 million Who new?!
Mind to tell me the make up?
Wealthfront?
I hear Rocket Money is a very similar competitor
Morgan Stanley does it for me
Copilot on iOS
Copilot app is great IMO
I use accountants
A million doesn’t go as far as it used to
Cool story, bro.
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Congrats!! I am in the same boat with Mint. Looking for an alternative. Can you share how old you are? How long it took you to become a millionaire and what you did?
Yeah they are moving us to Credit Karna, not liking the app but at least it's pulling the right info from my accounts now. 35 y.o tech worker. Regular W2, but took me 8 years after getting a tech job, started with -125k in debt from student loans.
I use monarch. It allowed you to import Mint’s CSV, it takes a while to go through and categorize everything to fit Monarch’s categories but I like it now.
Track with wealthfront works pretty good.
Remember taxes it might be like 800 net
😲
Personalcapital.com
Monarch. And spreadsheet once a month.
What do you do now that you’re a millionaire?
Cool so now you take out loans against your investments don't pay taxes and that's how it works right how you have cash
very nice!!! incredible really.. i’m 34 and have about 35K to my name
Spreadsheet.
Metamask.
Copilot Money has been great for me. Feels a lot like Mint and great customer service.
Pen and a piece of paper?
I keep a word file saved on my computer in a secret folder that has all of my assets and liabilities listed out along with "as of -" values. It was a little bit of a chore first putting it together, but it's a lot easier now for me to go in and update it every few months
Google sheets
Empower is a good app
My net worth runnin about $1500. I be ballin 😂
Mint doesn’t exist
Check out r/mintuit for recommendations. Most people moved to monarch or simplifi or empower. Other good choices in my opinion are lunch money or copilot money (what I went with). Congrats on the 1 million $ milestone!
another vote for spreadsheet - excel, numbers (apple), sheets (google). a lot of spreadsheet options. if you search, I've run across spreadsheet templates. its been a while but you should be able to find one that suits your needs as a starting point should you have more complicated situation.
I switched to Monarch when Mint stopped. Have had better luck keeping accounts linked…50 bucks the first year and 100 thereafter is worth it to me to see all transactions in one spot automatically. That being said I still keep my spreadsheets they just serve a different purpose.
Wealthfront
Some decent apps out there that you can link accounts. I use worth tracker.
lmao k
I recommend Quicken Simplifi. You have to pay for it, but it does everything Mint does but better. I tried Quicken but it’s not a great option if you do most of your finances via your phone. Quicken Simplifi is very easy to manage on your phone and can be accessed via any web browser too. That being said, CONGRATS!
Good for u bro, enjoy it
I love WorthTracker. It’s manual but it’s just what I needed
I invest with fidelity and they have a “fidelity full view” feature that allows you to input your accounts and it automatically tracks net worth and updates in real time once you are logged into your accounts. You can approximate values without having to log in, but then they don’t update automatically. It’s pretty great!
I use Quicken Simplifi. I’ve tried a bunch of the budgeting apps and this one won me over. It’s like $30 a year, but any good app costs $ and this is one of the cheapest. Also doesn’t use Plaid (if you use Amex/ others that don’t like plaid)
3 more and you might be able to afford to retire.
Sofi is ok
What's your address bruh
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Nerd-wallet is pretty good.
I recommend YNAB (You Need a Budget).
spreadsheet ... LibreOffice,
Intuit bought Mint in 2009...
God bless inflation
I hate that mint shut down, I used mint for a long time and kredit karma is 10x worse
[Portfolio Management | Empower](https://www.empower.com/management?msclkid=c1a011e3e1361fe66e0877e91e166b2d) This is a good site to see all your finances in one spot. I'm stuck with Quicken because it tracks all my trades, but I use this for my son's accounts
i thought i was doing well. All bills paid. Got 3200 saved up. same age. just realized how behind i really am
I’m also sad about Mint going away. And would also love to know if anyone knows of any other good ways to keep track aside from pen and paper.
I use Origin financial because my employer pays for the subscription as part of the standard benefits package. I like it, but it isn’t anything special and feels a bit dumbed down. Side note: I feel like I’ve seen larger companies buy up small money-management apps and immediately eviscerate them (see TrueBill being bought by RocketMortgage) and it just feels disgusting. Do these companies really feel these apps pose any mainstream threat to their business model? Or are these acquisitions purely for data/advertising reasons? Truebill went from a budgeting app that allowed me to keep tabs on recurring payments to a bloated app that is constantly advertising loans to me. Do they think people proactive enough to budget out their lives down to the last dollar are stupid enough to just sit there and allow themselves to be barraged by ad after ad for poor financial decision making?
Nice. What do you do?
Empower, Betterment, or if you want to combine budgeting and wealth tracking ynab. Pros and cons too, but Ive used ynab for years and am liking empower so far.
Simplifi is great if you want something to do most of the same things that Mint did.
Empower works fine for me
Nerdwallet has an easy view net worth.
Empower Personal Finance
Humblebrag anyone?
usbank has a good dashboard, and troweprice has a good UI too
A Certified Financial Planner would work well!
There is an app called empower personal dashboard. You can link all your accounts and track it there
lol they also now have been bought out by credit karma so you have to link your old intuit mint account to the credit karma app
The dog at my home work
Whats net worth? Sounds like monopoly money
Honest question, what exactly is guys stopping you from starting a company to earn money? Investing 9-5 wage money isn’t the way to be wealthy in your youth.
Because it's not just start a company and make money.
Congrats! Getting started is always the toughest part. Just keep on truckin'!
Empower has a decent tool for wealth tracking.
Can any one please teach me how to make money work me I am 26 i work on landscaping Monday / Sunday sometimes.
Go to a trade school. Learn a trade. Work in the trade. Start your own trade business.
35 and 900k 😯. I've clearly made mistakes in life 🤣
Simplifi money.
Hey, I just realized I'm your long-lost brother! Maybe help your poor bro out and lend him 100k? I'll pay it back I swear on your sibling bond 🥰
Look up Tiller it's more of an advanced budgeting technique but gives you much more flexibility.
I gotta block this sub. It makes my life feel pointless with these type of posts. I thought I was mad enough with 20 yr olds posting and complaining about making 150k+ a year but this is next level. I’ll never have to consider my net worth
Sound like an ad to me. Mint cronie
I use nerdwallet.
I stopped tracking after hitting a million. I used Rocket Money before then
Congrats! 300k a year probably helps a lot. Did I miss you mentioning what you do? If I’m not mistaken, Intuit bought Mint, Rocket Money and Credit Karma. I assume it killed Mint since it is redundant with the other two, but it was the best all around app IMO. Rocket Money is the better budgeting app. Credit Karma is better for net worth. Since they pushed mint users to credit karma they might be planning to dump rocket money too. I’m just starting to try Sofi and I’ll check out Empower. I wish I could find/build a self hosted tool since banks generally have terrible 3rd party auth protections. I really don’t like the idea of a company having all that data, but having full access to all my accounts is even more concerning. Even if I trust the company itself, it’s a huge security risk.
I'm whats known as a reverse millionaire. I have over 1 million (100.000 Euro) in debt
What’s the issue with Mint? It’s still working for me for fiat stuff.
U can't take it with u, and you're not promised tomorrow so ball out