Leasing Cars Over College Savings Undermines Future Security
You’re 37, $220k TC. Married, 2 kids age 4 and 6. You lease two cars: $1,100/mo for your SUV, $850/mo for her Tesla. $1,950/mo total. Your 529 balance: $0. Your logic: “We’ll cash flow college or they can get loans.” **Here’s the trap**:
Avoid Chasing Losses: Don't Replicate Mistakes
“A very important principle in investing is that you don’t have to make it back the way you lost it. In fact, it’s usually a mistake to try to make it back the way you lost it.” — Warren Buffett...
Five Affordable Assets Working Class Can Use to Build Wealth
5 Things The Working Class Can Buy To Build Wealth, According To Dave Ramsey https://t.co/S6Hi2bXpk1
Inflation Adjustment Turns 339% Gains Into 12% Real Return
Understand this, please. You can use this formula: FV = P(1+R)^n R25.48(1+0.054) ^26 = R100 ————- That means if you adjust your asset returns for inflation, your real rate of return is much lower. Let’s say I started with R25.48 in my investment...
Patience and Diversification Beat Hype; No Shortcuts
Sorry your goals take decades. Sorry diversification means missing the moonshot stock your friend won’t shut up about. Sorry market timing hasn’t worked for anyone, no matter who promised you it would. Sorry the boring portfolio outpaces the exciting one over 30 years. Sorry...
Investing Habits Are More Genetic than Learned
In 2014 a researcher an interesting study that looked at whether your investing habits were genetic or learned. In Sweden they’re obsessed with twins and money. They have a national database where they track all the twins born. And they go...
Travel Cheaper by Skipping Peak Seasons
Travel costs are based on supply and demand, and if you are willing to avoid busy seasons, you can save significant amounts of money. https://t.co/g0l2iAc2jo
Beyond a Point, Research Yields Diminishing Investment Returns
Does more research improve investment decisions? Beyond a certain point, in-depth analysis offers diminishing returns. Perhaps sooner than expected. So: Form a strong thesis, seek (dis)confirming evidence over time, and diversify to reduce risk. https://t.co/Mo4NVgmxWV
Daily Money Habits Build Long‑Term Savings Success
Financial transformations don’t happen overnight, but making a few smart money habits a part of your daily routine can help you reach your savings goals. https://t.co/WHyTeag1eo
Higher Property Taxes Can Lower Your Monthly Payments
Here's how higher property taxes convert into LOWER monthly payments by keeping the house price lower to begin with. https://t.co/XN9nc2PHI4
Skip the Pump: Live Car‑Free, Walk, Work Remotely
This is how I save money on petrol this days, my 3 best tips: 1. I don't own a car 2. I live in a walkable city 3. Work from home
Simple Rules: Buy Dips, Sell Peaks, Stay Disciplined
My mother passed away at the age of 98, having devoted herself to studying the U.S. stock market for 64 years. She left behind the following simple investment guidelines: 1. Down 10% → Hold. 2. Down 20% → Buy 15%. 3. Down 30%...
Treat Frugality Like a Healthy Lifestyle
16 Priceless Strategies for Being Frugal https://t.co/ZrbcHJYmCD Just as it pays to adopt a healthy lifestyle for weight control, the same commonsense approach applies to frugality. @fsonnenberg https://t.co/NPKuI7mMnP
Invest in Top Tech & Index ETFs Amid Wealth Transfer
We’re experiencing one of the greatest wealth transfers ever… Invest as much as you can in: 1) $VOO 2) $NVDA 3) $AMD 4) $QQQM 5) $DRAM 6) $SMH 7) $SCHG 8) $AVGO 9) $TSM 10) $MU Over partying… You can do that after…
Pay Off Credit Card Balance to Avoid 20‑30% Interest
Getting rid of your credit card balance prevents interest accumulation, and credit cards often have annual percentage rates (APRs) that range from 20% to 30%. https://t.co/SuHgkcrCoQ
Cash on Sidelines Costs You Missed Investment Gains
If you’re tempted to keep your money in cash on the sidelines, consider the impact of opportunity cost, or the potential gains you miss out on when choosing one investment over another. https://t.co/FpZVau3NQD
Half of Dollar’s Value Vanished: Invest, Don’t Hoard Cash
Over the past 30 years, the U.S. dollar lost 53% of its purchasing power. That’s the hidden cost of sitting in cash due to inflation. Keep what you need for an emergency in cash and invest the rest. https://t.co/WAUUt2KTKQ
Define Your Goal, Then Save Purposefully
I stopped asking “how do I save more?” And started asking “what am I actually saving for?” Game changer in the 1st-gen Wealth building 🌱
Multiple Rental Properties Create Fire‑proof Income Streams
Your job gives you one income stream. It can be taken away in a 15 minute meeting. A portfolio of 10 rentals gives you 10 income streams. None of them can fire you.
Avoid Student Loans, Work Hard, Graduate Debt‑Free Homeowner
I was shamed by college counselors for refusing to take out student loans Instead, I worked full time, had a side gig and paid out-of-pocket, for what I could afford I graduated in seven years instead of four Today I...
Apply the 3‑Pitch Rule to Boost Portfolio Diversification
Moontower Sunday 🌙"3 pitches" rule 🌙 Investment Beginnings Class #4: Risk 🌙 See how much diversification benefit you have in your portfolio https://t.co/vnQ5pVjjxQ refs: @DavidEpstein @BalesBets https://t.co/VgAeGFpRTk
Learn Top Investors' Strategies with Free Resources
You don't need an MBA to understand the markets. You just need to study the greatest investors of all time. I've compiled the top strategies of 10 world-class investors + one FREE resource from each that will sharpen your edge immediately. A...
Boost Credit Score Now, Slash Mortgage Interest Rates
🤑 Better Credit Score Gives You Better Interest Rate 🏡 Fixing your credit score before applying for a mortgage is the best way to keep your payments as low as possible. One of the quickest ways to do that is with...
Missing a Few Top Days Slashes S&P Gains
If you invested $10k in the S&P 500 from 2005 to 2024, you would have ~$71k. BUT if you missed just 10 best days, the value drops to ~$32k. Missed 20 best days, and it's now $19k. Most of the BEST days happen...
Invest in Businesses, Not Stock Prices, to Avoid Losses
Most investors lose money they didn't have to lose. Here's why, in 3 lines: 1️⃣ They buy stocks, not businesses 2️⃣ They watch price, not value 3️⃣ They sell on fear, not fundamentals Peter Lynch's whole philosophy fits in one sentence: know what you own. If...
Start Small: Messy Steps Beat Perfect Planning
You don’t need to be ultra organized to start getting better with money. Your messy middle is good enough. Saving $5 Opening up a HYSA Setting a real budget Negotiating 1 bill Buying a fractional share of stock Creating a sinking...
Buffett’s First Venture: A Pinball Machine Earning Passive Income
Warren Buffett’s most successful investment wasn’t Apple $AAPL or Coca-Cola $KO. It was a $25 pinball machine he bought when he was 16. By the time he graduated high school, he was clearing $50 a week in pure passive income (roughly $800...
TIPS and High‑Yield Bonds Preserve Purchasing Power
Bond Funds That Have Offered Some Inflation Protection ➡️Returns data indicate that Treasury Inflation-Protected Securities (TIPS) funds and high-yield bond funds offered purchasing power protection during the past decade (including the recent inflationary period), while many investors in short- and...
Diversify to Avoid Losing Everything when One Investment Crashes
When you concentrate a large portion of your money into one asset, you don’t have much to fall back on if that investment plummets. https://t.co/ZmzFL1fdHb
Huge Savings, Tiny Emergency Fund
You’re 33, Senior SWE, $250k TC. Renting in Austin. No kids yet. You have $280k in your 401k + brokerage. Your emergency fund is $400. **Here’s the trap**:
Emergency Fund: Your Safety Net for Life’s What‑Ifs
An emergency fund is insurance between you and the "what ifs" in life. It's important to have one while you're walking the 7 Baby Steps.
Skip Dynamic Currency Conversion, Save on Every Purchase
Europe’s most expensive button 👆 It’s called Dynamic Currency Conversion, and pressing USD costs you way more. ❌ A worse exchange rate ❌ A ~3% markup fee The fix: ✅ Pay in local currency abroad ✅ Use a card with no foreign transaction fees Save this for...
Prioritize Time Horizon Over Rate Forecasts in Bonds
When It Comes To Bonds, Don't Be A Hero: Why taking a strategic approach to bond investments based on an investor's time horizon and cash needs could be superior to a tactical approach focused on anticipating future interest rate moves....
Big‑Tech Employees Use Simple Playbook to Earn Extra Income
To anybody at Apple, Amazon, Meta, Google, Microsoft/LinkedIn, Broadcom, Salesforce, and a handful of other big tech companies Here's the general playbook that people I work with are running (w/o going into Airbnbs/short-term rentals or starting a business):
Open-Source AI Portfolio Advisor Runs on $1/Month
I built a system called Sheet Advisor and I'm open-sourcing it today. The idea: you bring an investment thesis, Claude helps you turn it into an actual strategy with specific positions and rationale for each. Then it watches your portfolio every...
23 Habits That Built My $1M Net Worth
I built a $1M net worth in 7 years. I didn't come from money. I didn't time the market. I didn't get lucky. Here are the 23 financial habits that made my family wealthy:
Monthly Check‑Ins Keep Your Finances on Track
Doing a quick assessment one or two times a month can help you stay on top of your finances and address any weaknesses in your savings and spending strategies. https://t.co/9cnFCvqWhZ
Biking Saves Money—Fiscal Conservatives Misread the Math
“If you care about the bottom line, budgets & taxes, then you should care about urban biking, because it’s a money saver. It’s ironic when so-called fiscal conservatives attack biking, when their efforts just show a lack of understanding of...
Mega Backdoor Roth: Boost Roth Savings via After‑Tax 401k
Does your 401k have an "after-tax" account? If so, you can use the Mega Backdoor Roth strategy to invest $40,000+ to a Roth account in addition to your regular contributions. It's an amazing strategy to minimize future taxes on growth for high...
Use an LLC for Crypto to Protect Privacy and Taxes
Personal name XRP sales get you a standard deduction and full exposure to creditors and scrutiny. The LLC gives you anonymity, creditor protection, and actual tax strategy. Borrow against the position, generate income through DWP products, or set a limit...
Patience Beats Hype: Buy Low, Hold Long
It’s tempting to buy stocks that are pumping right now. But ask yourself first: Are you swing trading? Are you planning to sell soon for a quick gain? If not, chasing pumps usually ends badly. My biggest winners (5–20x) weren’t bought during hype. I bought...
Weigh Home Upgrade vs Investing: Choose Financially
You’re 42, Corporate Executive, Chicago. $650k income. Married, 3 kids, 1 on the way. $1.8M retirement, $600k brokerage. You can: Upgrade to a $2.5M home OR Stay put and invest the difference What do you do?
Buffett's Top Five Investments to Never Make
5 Things Warren Buffett Says To Never Invest In Or Buy (Avoid At All Costs) https://t.co/TWBI5722Bk
Munger's 7 Sacrifices Required for Future Wealth
7 Things You Must Sacrifice If You Want To Be Rich One Day, According To Charlie Munger https://t.co/VKcCbrv3um
Master Apple Card Money Flow to Maximize Rewards
Just joining the complex Apple Card ecosystem? It's smart to learn how to move your money around, including funding your Apple Cash. Here's a primer that explains how everything interrelates and how to maximize your rewards: https://t.co/ZPP9OBmIZw #applecard #applecash #banking...
Cancel YouTube Premium Free Trial Before Billing
Tried the @YouTube Premium free trial for a month and aren't finding it's worth keeping? Not to worry, here's the fast and sure way to cancel service before the 💰 bill comes due: https://t.co/1AaZfLcUXn #youtube #youtubepremium https://t.co/PwOOjIJdRk
Pro Strategies to Identify Winning Investments
For most investors, a well-diversified portfolio of funds will do the trick. But if you want to try to identify winners like the pros on Wall Street, there are steps you can take. https://t.co/6RP6PY8ebH
Keep Housing Costs Below 10% to Retire Early
MAX Mortgage or Rent you should pay based on salary: - $40K salary: $833 - $50K salary: $1,041 - $60K salary: $1,250 - $70K salary: $1,458 - $80K salary: $1,666 - $90K salary: $1,875 - $100K salary: $2,083 - $110K salary: $2,291 - $120K salary: $2,500 - $150K salary: $3,250 -...
Most Americans Ignore Budgets—Review Yours Before May
You not about to walk into May singing “It’s Gonna Be May” with a budget that you KNOW isn’t working 😭 And you wouldn’t be alone—73% of Americans don’t follow or even check a budget. But before you run it back for...
401(k) Catch‑Up Limits
A really useful 401(k) contribution chart from @fidelity. Note that if you are a catch up contributor, you may be required to have those contributions be Roth deferrals. Your regular deferrals can still be pre-tax. Also keep in mind we...