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If someone offered a GUARANTEE that you& #39;d be rich, would you take it?
Yes? Me too.
Here’s a secret. The guarantee exists.
1 condition
You won& #39;t get rich quick, but you will get rich FOR SURE.
@CJ_Johnson17th explores the guarantee below, but here& #39;s a quick 10-tweet summary! https://twitter.com/CJ_Johnson17th/status/1313381705026359296">https://twitter.com/CJ_Johnso...
Yes? Me too.
Here’s a secret. The guarantee exists.
1 condition
You won& #39;t get rich quick, but you will get rich FOR SURE.
@CJ_Johnson17th explores the guarantee below, but here& #39;s a quick 10-tweet summary! https://twitter.com/CJ_Johnson17th/status/1313381705026359296">https://twitter.com/CJ_Johnso...
Becoming wealthy starts from a mindset and a decision.
You have to think about what you DO and DON& #39;T want in your life.
Chris decided he didn’t want to struggle. I& #39;ve decided I hate offices.
What do YOU not wanna do?
1/10
You have to think about what you DO and DON& #39;T want in your life.
Chris decided he didn’t want to struggle. I& #39;ve decided I hate offices.
What do YOU not wanna do?
1/10
Being wealthy requires avoiding dumb shit.
PS: everyone& #39;s dumb shit is different.
Someone& #39;s could be Bloombar every week, yours may be watching EPL all weekend, mine could be spending 31.6 hours on Twitter in one week.
You can make more money, you can& #39;t make more time!
2/10
PS: everyone& #39;s dumb shit is different.
Someone& #39;s could be Bloombar every week, yours may be watching EPL all weekend, mine could be spending 31.6 hours on Twitter in one week.
You can make more money, you can& #39;t make more time!
2/10
Here& #39;s the thing. Becoming wealthy isn& #39;t easy.
You gotta live like nobody else, so you can live like nobody else
You gotta put in the work to get what you want
BUT
Unlike homework, putting in the work as an adult gives you a monetary reward from the market.
3/10
You gotta live like nobody else, so you can live like nobody else
You gotta put in the work to get what you want
BUT
Unlike homework, putting in the work as an adult gives you a monetary reward from the market.
3/10
Okay, on to the guarantee itself - it& #39;s the stock market!
Getting wealthy via stocks is simple.
You buy stocks for one price, you sell them at a higher price.
While it& #39;s simple, it’s not easy, you still have to put in the work to find the right stocks.
4/10
Getting wealthy via stocks is simple.
You buy stocks for one price, you sell them at a higher price.
While it& #39;s simple, it’s not easy, you still have to put in the work to find the right stocks.
4/10
Ok, apparently investing is simple.
But where do I get the money for it? Two words - YOUR JOB.
Most people spend their paycheck on things that don’t make them money (I’m on this table too).
If you don’t want to live like most people, you can’t spend like most people
5/10
But where do I get the money for it? Two words - YOUR JOB.
Most people spend their paycheck on things that don’t make them money (I’m on this table too).
If you don’t want to live like most people, you can’t spend like most people
5/10
There are 2 ways to get more money to invest
1. Cut cost of living
2. Increase income
The 1st only takes you so far, because you will always have needs.
The 2nd, however, has no limit.
You can make more money from your job, sell skills (services), start a business etc
6/10
1. Cut cost of living
2. Increase income
The 1st only takes you so far, because you will always have needs.
The 2nd, however, has no limit.
You can make more money from your job, sell skills (services), start a business etc
6/10
Doing both and investing consistently may not mean that you will get rich quick, but it means that you will GET RICH FOR SURE
But
You must avoid instant gratification eg driving the nicest cars, having the latest iPhone etc.
Get money (earn and save), buy income (invest)
7/10
But
You must avoid instant gratification eg driving the nicest cars, having the latest iPhone etc.
Get money (earn and save), buy income (invest)
7/10
But how does the guarantee work?
Question - How much would it cost to hire 10 Harvard MBAs for yourself? Hundreds of thousands of $$!!
But companies we buy from like Walmart, Amazon, Starbucks, Apple etc employ 1000s of them.
Make them work for you by buying shares!
8/10
Question - How much would it cost to hire 10 Harvard MBAs for yourself? Hundreds of thousands of $$!!
But companies we buy from like Walmart, Amazon, Starbucks, Apple etc employ 1000s of them.
Make them work for you by buying shares!
8/10
So how do I make it work faster?
1. Stop doing anti-common sense things, esp buying things on credit when you can’t afford them. Credit can kill.
Live within your means
2. Starting a business is the fastest way to grow your income, which you then invest to create wealth.
9/10
1. Stop doing anti-common sense things, esp buying things on credit when you can’t afford them. Credit can kill.
Live within your means
2. Starting a business is the fastest way to grow your income, which you then invest to create wealth.
9/10
Life is good. Why save when I can ball?
2 reasons - Freedom and Posterity
Freedom:
If you hate your job, set yourself up to not have one by investing long-term
Posterity:
Don’t let your kids start from 0. Pass on your stocks to them when you pass on. Set them up to win!
10/10
2 reasons - Freedom and Posterity
Freedom:
If you hate your job, set yourself up to not have one by investing long-term
Posterity:
Don’t let your kids start from 0. Pass on your stocks to them when you pass on. Set them up to win!
10/10
Bonus: How to get started
1. Follow ppl like @CJ_Johnson17th, @ChroniclesNate, @thewealthdad and @DivCultivator. They drop major gems on creating long-term wealth.
2. Follow me. I share 2-minute videos every week that help you grow your business (check pinned thread)
3. INVEST!
1. Follow ppl like @CJ_Johnson17th, @ChroniclesNate, @thewealthdad and @DivCultivator. They drop major gems on creating long-term wealth.
2. Follow me. I share 2-minute videos every week that help you grow your business (check pinned thread)
3. INVEST!
