Rachael Camp, CFP® @camp_wealth
Building a "work optional" life and sharing everything I know. | Owner of Camp Wealth | Co-host of the Becoming Work Optional Podcast | Tweets are not advice. rachaelcampwealth.com/links Work with me: Joined May 2022-
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If you pay your advisor a 1% fee and haven't heard from them in over a year, it's time to move on. There are way too many excellent advisors doing this job the right way for you to settle.
A lot of people sacrifice their reputation to get ahead in the short term. Treat your reputation like it's THE thing that will make you wealthy or keep you broke. Bring you to fulfillment or leave you empty. Maintain healthy relationships or be lonely. Because it is.
A hill I will die on: People in their 20s should take way more risk. If you fail: you have so much time to recover, you increase your skillset, and the worst-case scenario is rarely that bad. The likelihood of regret is low.
The best uses of money: - Helping others. - Buying your time back. - Building something that has the potential to positively impact other people. I've found every other use of money is overrated.
My first article is out!
Brennan Schlagbaum, C.. @Budgetdog_
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320 Followers 201 Following Top-rated attorney specializing in helping people with $5M in net-worth (or more) protect their families, create legacies, and preserve their assets.@GeorgeGammon I actually did. We bought one share of Green Bay Packers stock for my son for his birthday. Worst investment ever but a great gift. Can't sell it, doesn't pay a dividend and does not grow. It can only be transferred to family. However, my son loves telling people he is an…
@camp_wealth Or paying any ongoing fee for no communication 👏🏼
Everyone knows you always look your best at the end of a marathon! Got to knock out Eugene Sunday, 15 minute PR and we got my better half across under the Boston standard!
A few years ago, my dad gave me the best dating advice I've ever received. He told me, “Alex, you need to stop dating people who want the same career as you and want to compete. Start dating people who are passionate about something but are down for the ride, soothe you, and can…
3. Low-key hangs AND-- something I NEVER realized I'd love is here in San Diego it feels like anything I want to do is less than a 15 min drive away. That makes it easier to have low-key hangs with my friends-- cause almost all my friends live a 15 min drive away or less.…
1. Holy cow I am so much happier. Like immeasurably happier. San Diego allows me to spend all year doing the things I love-- which most of those things revolve around me being outside. In Chicago-- I could enjoy my outdoor hobbies a few months out of the year and the…
This week marks a year since I moved to San Diego after debating for a YEAR whether or not I could take the leap and move to one of the most expensive places in the country... And for a while-- I said: "Nope, you can't do that. That's not smart... even if it would make you…
@camp_wealth Does this actually happen? My firm requires a minimum of an annual review for accounts with a management fee. Do other firms and independents not have compliance people?!
@johnyboy1853 ChatGPT response ✅ Strawman ✅ Completely misses the point ✅ Classic Dividend John response
@johnyboy1853 That's not how it works holy cow John the misinformation is unreal. The number of shares you own is completely irrelevant. If own shares of an ETF that grow in value I need to sell few and fewer shares. The yield is completely and utterly irrelevant John. You should take your…
Happy Monday to everyone except that one compliance officer who doesn't understand the new marketing rules.
@investing_law If it makes a lot of sense my insurance broker shouldn’t need to bombard me with how much I need it
Does anyone here use "whole life insurance"? 💰 I listened to a podcast with an insurance guy once and he was stoked about it. I ran the numbers, and it didn't make sense. Monikers like "infinite banking" increased my suspicion. 🧐 But I could be missing something.…
@jasonfrieds @find_advisors Still hard to determine a fit from an online profile. I think more advisors need to produce content to show personality, skills, and expertise.
Choosing a financial advisor is hard. So I made a video to make it easier. 7 Tips✅ and 3 Red Flags 🚩 Full Video in the comments 👇👇👇
@camp_wealth great EQ! For me it was picking stocks: “ big money is made by finding something truly unique and misunderstood… and drilling five miles deep into the situation…” It made me cringe. Now, I’m emotionally ready and built on my financial literacy I’m ready & excited
A response I get every time I post about how I prefer to rent (right now): "All you have to do is find a good deal, do a live-in flip, find qualified tenants to rent to, hire an attorney, maintain the property. It's so easy!" I don't want to do any. of. that.
@camp_wealth Happens all the time. 👇 x.com/jonluskin/stat…
"They only send me a birthday card!" ~Client - currently paying his investment manager $25,000 a year - transitioning from an adviser relationship to managing his #investments himself. #investing #Boglehead #lowcost #advicer
@camp_wealth Respectfully, I almost never see advisors charging only 1%. Lately everything I come across is 1.5-1.8% And still no birthday card
@camp_wealth No more excuses for subpar advice and fees with no value add
Knocking out a marathon today As fun as that is it is not without lots of prep Since starting I have run over 480 miles across 62 hours Usually, what you see is the culmination of effort, not the effort itself Remember that when you see a huge portfolio or RE deal