🔥 Key Features of the Personal Finance Dashboard

• Easy to use - just copy & paste transactions from your bank statements and categorize each transaction. THAT’S IT!

• The dashboard is designed to view metrics by particular month and by year.

• See your biggest expenses by month or by year

• See how much of your budget is going to needs, wants, and savings. This is helpful if you decide to follow the 50/30/20 rule

• Categorize your transactions by income, expense, bill, debit, and savings.

The key difference between this spreadsheet and other spreadsheets is that it’s simple. There will only be 3 sheets - instructions, transactions, and dashboard. That’s it!

Spend less time inputting data and more time reviewing where your money is going!

This spreadsheet file will be included with all MMV Pro memberships (see below).

COMING SOON: MMV Pro Membership Perks 🚀

✅ Personal Finance Dashboard included
✅ Exclusive real-life case studies of community members’ money journeys
✅ Exclusive interviews with selected guests vetted by me with questions asked by MMV Pro members
✅ MMV Pro member-only AMAs
✅ Lifetime access to past issues
🟢 [Future] Mini-courses
🟢 [Future] Community forum

Early members will be able to sign up at the lowest price it will ever be and any future price increases will not impact your membership!

Recent News

Business & Economy News 📈💰

🏦 House Republican refers Fed Chairman Jerome Powell to DOJ for potential perjury charges
A stunt by a Republican trying to get on Trump’s good side? But seriously, $2.4 BILLION is ridiculous for a “renovation”. You can read what the renovation entails here.

🚪 Opendoor stock adds to meteoric rise amid retail frenzy
Opendoor is the new meme stock!

💸 Trump’s ‘big beautiful bill’ is projected to add $3.4 trillion to the debt, budget office says
The “big beautiful bill” is literally a big bill to the country 🫢 

The Brief

Rating My Investments

I wanted to give my take on each investment type I have and why I rated it the way I did.

Here’s a quick summary that I posted:

As someone who is pursuing complete financial independence (like $3M in today’s dollars), I thought I’d share my opinion on each type and how it’s done for me.

401(k)

Although this account gets a lot of hate on social media, it’s easy money! In which other account do you get free money from?

If you contribute 5% of your salary and your employer matches that with another 5%, you receive a 100% return on your contribution! Plus, you get a tax benefit of either deferring your taxes or not getting taxed on capital gains.

This account is a set-it-and-forget-it type of account. You set it up properly and you leave it alone.

I make sure that 5% is automatically contributed to my retirement account and that all contributions are auto-invested into a diversified, low-cost mutual fund.

Only downsides are that funds are limited to what your employer chooses and that there is a penalty for early withdrawals until age 59 1/2.

If your job offers a 401(k) with a contribution match, take it! It’s free money!

Rating: ⭐️⭐️⭐️⭐️

Roth IRA

I personally contribute to a Roth IRA and always contribute early in the year using the Backdoor Roth IRA Method.

And it’s more flexible than a 401(k) account since I can withdraw my contributions at any time without penalty (although I never will) and I can invest in any ETF or mutual fund that the custodian allows.

The Roth IRA account is super easy to set up and a “must” in my opinion!

Rating: ⭐️⭐️⭐️⭐️⭐️

Real Estate

If you followed me early on, you probably saw that I was heavily into real estate. I focused on vacation rentals and did pretty well with them. I ended up selling 3 properties from 2022 to 2023 and haven’t bought any since 2022.

I gave real estate a 3 ⭐️ rating because it costs a lot of money upfront and you have to deal with different people. It’s a lot of work when the alternative is to invest in the stock market on your phone.

The benefit of real estate investing is that you take advantage of tax benefits and receive actual cash flow on a recurring basis!

If you have a high W-2 income, able to stay in control when things go wrong, and want to retire early with cash flow from real estate, I would recommend it!

Rating: ⭐️⭐️⭐️

Taxable Brokerage

This is a standard brokerage account. No tax benefits but the most flexible since it’s your money. This is a great account to withdraw from to serve as a “bridge” from when you retire until you qualify to withdraw from retirement accounts without penalty at age 59 1/2.

Having a taxable brokerage gives you a more liquid account than a 401(k) which is important if your goal is to retire early.

Rating: ⭐️⭐️⭐️

Cryptocurrency

Crypto is so back again. This is a high-risk, high-reward “investment”. I purchased my first crypto in 2018. I’m not completely sold on the idea but the trend is pointing upwards.

I recently changed my strategy to use this credit card to earn crypto. That way I’m not directly putting any of my own money.

Rating: ⭐️

Health Savings Account

The HSA is probably the most underrated account. It has a triple tax advantage (tax-deductible contribution, tax-free growth, and tax-free withdrawal). This account is only for qualified health expenses, but it can be invested for whoever long you want until you claim health expenses to withdraw. There is no deadline on when the health expense must have occurred so theoretically, you can save all your receipts and get your money decades later.

This account does require a High Deductible Health Plan (HDHP) so unless a HDHP makes sense for you, I wouldn’t get a HSA just for the tax advantage. Health IS wealth!

Rating: ⭐️⭐️⭐️⭐️⭐️

Recommendations

🔧 Toolbox

This section will showcase the tools I use for anything. I love trying new things so I’ll share what I’m using and why:

• Short Term Rental Insurance: Protect your vacation rental the right way! Don’t rely on Airbnb’s “host protection” which has a bunch a red tape. Input your address, select your coverage amounts, and get a free quote!

• Real estate banking and rental management platform: If you have any rental properties, this is the platform you should be using. Every transaction that happens within my portfolio shows up in bookkeeping and I can link external accounts like my credit card so it auto-imports. Best of all, my tenants can automate paying rent.