Your Emotions About Money Don’t Match Your Balance
"The way you feel about money is highly uncorrelated to the amount of money in your bank account" example 78,552 https://t.co/dmWISlxeyu
Timeless Money Advice: Live Your Rich Life Now
This is a video of me from 17 years ago In this interview, I'm talking about I Will Teach You To Be Rich, the business I still run today I'm not as polished as today. But the message is the same. You...
Understanding the Hidden Struggle of Under‑Eating
I know what this person means. I used to call myself a “skinny Indian guy” because I thought I couldn’t gain weight no matter what I ate. This is my pic at 127lbs One day in my early 20s, on...
Create Personal Money Rules to Define Your Rich Life
These are my personal money rules that I created for my finances I think everyone should create their own set of money rules. They make it easy to see what's important in your Rich Life https://t.co/EVJoQuzhyp
Unlock High-Paying Jobs with the Briefcase Technique
This is The Briefcase Technique You can use it to land jobs far out of your normal reach. You can use it to land clients and charge 10x more. Thousands of my readers have used it to negotiate $$$ in salary...
Luxury Hotel Rates Bewilder Travelers Outside the Target Market
Luxury hotel pricing is utterly bewildering if you aren't the target market I recently spent ~$2,400 for 5 days at a Japanese property. Breakfast included $150 property credit, etc That wouldn't cover a single day at a luxury hotel that I usually...
NYC Luxury Hotel Cocktails Hit $36 Record
Cocktails in NYC luxury hotels are $36 as of last year This was the highest I’ve ever seen. Bulgari Paris. Beautiful hotel https://t.co/QUTkMJGfpl
Buying Hides Massive Hidden Costs—Compare Rent Wisely
When you buy, you'll spend hundreds of thousands of dollars on irrecoverable costs like: - Interest - Transaction fees - Maintenance - Opportunity cost But the real Q to ask: 1. How does the math work out for buying vs renting? 2. What about the non-financial...
Bulgari Paris Tops €7,400 Nightly Luxury Price
Max rates for the Bulgari Hotel in Paris In what circumstance would you spend €7400/night on a room? https://t.co/8wsVLiI5Xr
Down Payment Could Outgrow House: Consider Opportunity Cost
If you bought to buy a $1 million house and put 20% down, your down payment alone would be worth ~$1.6 million in 30 years if invested in the stock market (Yes, accounts for inflation) Always factor in the opportunity cost of...
Save 1‑3% of Home Value Yearly for Repairs
If your roof needs a $45,000 repair 20 years from now, that means you should be saving $2,250/year, or $187.50/month Do you do this? Almost nobody does A shortcut: Save 1%-3% of the price of the house -- PER YEAR -- for...
Local NIMBY Votes Drive Housing Prices Sky‑High
This is why your housing is so expensive Not Blackstone, not "greedy landlords" Just your mom, dad, & neighbors voting for NIMBY local politicians who then prevent housing from being built That's why you pay tens of thousands of dollars more than...
Invest Enough, and Your Portfolio Funds Housing Forever
I want to gently point out that most people do not understand that if you invest enough, your portfolio can pay your housing costs in perpetuity So when I say "renting can be cheaper," they are bewildered "Yes but how will you...
Half of People Don't See 401(k) as Investment
Consider the everyday person's knowledge of money: When I ask them about their investments, roughly 50% do not count their 401(k) as an investment. They think of it as something totally separate
Rent Costs Feel Different than Grocery Savings Paradox
Every dollar I spend on groceries, I save money on eating out: uncontroversial Every dollar I spend on making my own coffee, I save money on buying coffee at a coffee shop: uncontroversial Every dollar I spend on rent, I save money...
Most People Can't Link Actions to Financial Outcomes
Understanding cause & effect is a highly advanced skill for even concepts like personal finances. The majority of people I talk to cannot connect their individual behavior with their financial financial status Government-level c&e is so abstract, it’s virtually impossible...
Stop Obsessing over Tiny Financial Details
Also doesn't matter: - Switching savings account to get an extra 0.05% interest - Agonizing over the cost of daily coffee - Tracking 50+ line items in a budget
Wealthy Critics Face Naïve “Just Pay More” Replies
When I post that wealthy people like me should pay higher taxes, I receive hundreds of comments saying, “You know you can just pay the government more, right??” So it’s comforting to see that billionaires like @TomSteyer also get the same...