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Post-College Net Worth
Year 0: $5,000
Year 1: $44,000
Year 2: $82,000
Year 3: $73,000
Year 4: $174,000
Here are the 29 lessons I learned on life and investing along the way
/THREAD/
Year 0: $5,000
Year 1: $44,000
Year 2: $82,000
Year 3: $73,000
Year 4: $174,000
Here are the 29 lessons I learned on life and investing along the way
/THREAD/
1. Avoiding $3 coffees won't make you a millionaire
Staying with roommates and living like a student for a few years after graduation can
Avoid lifestyle creep and use the savings as fuel for your finances
"Stop asking $3 questions & start asking $30,000 questions"
- @ramit
Staying with roommates and living like a student for a few years after graduation can
Avoid lifestyle creep and use the savings as fuel for your finances
"Stop asking $3 questions & start asking $30,000 questions"
- @ramit
2. The point of becoming rich is not to live luxuriously
It's to live life on your own terms and conditions and chase your dreams
"You now have some FU money. This is when you make things happen"
- @creation247
It's to live life on your own terms and conditions and chase your dreams
"You now have some FU money. This is when you make things happen"
- @creation247
3. When you start being successful you will get hate even from close friends
The reason?
Your success acts as a mirror for their failures
"You rarely get hate from anyone more successful than you"
- @SteveOnSpeed
The reason?
Your success acts as a mirror for their failures
"You rarely get hate from anyone more successful than you"
- @SteveOnSpeed
4. Focus on what you are good at, not what you like
Engineering and analytics were not my passions, but they paid pretty well and allowed me to follow other passions in my free time
"Don't follow your passion, follow your talent"
- @profgalloway
Engineering and analytics were not my passions, but they paid pretty well and allowed me to follow other passions in my free time
"Don't follow your passion, follow your talent"
- @profgalloway
5. Skills pay the bills
In-demand and high-paying skills pay for your freedom ticket
"If you’re good with computers, if you’re good at basic mathematics, if you’re good at writing, if you’re good at speaking, and if you like reading, you’re set for life."
- @naval
In-demand and high-paying skills pay for your freedom ticket
"If you’re good with computers, if you’re good at basic mathematics, if you’re good at writing, if you’re good at speaking, and if you like reading, you’re set for life."
- @naval
6. Six months of focused and hard work on yourself is all it takes to transform your life
Don't be afraid to say "No" to other social obligations
"Disappear for 6 months, do a ton of deep work, and 99% of your problems will also disappear"
- @MySuccessTheory
Don't be afraid to say "No" to other social obligations
"Disappear for 6 months, do a ton of deep work, and 99% of your problems will also disappear"
- @MySuccessTheory
7. Focus on how much value you create, not how many hours you work
You are not a factory worker
You are a mental athlete
"Forty-hour workweeks are a relic of the Industrial Age. Knowledge workers function like athletes — train and sprint, then rest and reassess."
- @naval
You are not a factory worker
You are a mental athlete
"Forty-hour workweeks are a relic of the Industrial Age. Knowledge workers function like athletes — train and sprint, then rest and reassess."
- @naval
8. Success is not what 99% of society defines it as
It's not the luxuries and status
It's the freedom over your time and choices
"Success is doing what you want to do, when you want, where you want, with whom you want, as much as you want"
- @TonyRobbins
It's not the luxuries and status
It's the freedom over your time and choices
"Success is doing what you want to do, when you want, where you want, with whom you want, as much as you want"
- @TonyRobbins
9. From investing to politics, 99% of the news is garbage and noise
It aims to make you emotional and occupied
Follow a low-information "diet" and you will be fine
"If you don't read the newspaper, you're uninformed. If you do read it, you're misinformed."
-Denzel Washington
It aims to make you emotional and occupied
Follow a low-information "diet" and you will be fine
"If you don't read the newspaper, you're uninformed. If you do read it, you're misinformed."
-Denzel Washington
10. All your dreams can become reality if you:
• Set goals
• Create daily habits
• Are disciplined and consistent
"You can change. You can achieve your potential. You can make your dreams a reality."
- @Psypreneur
• Set goals
• Create daily habits
• Are disciplined and consistent
"You can change. You can achieve your potential. You can make your dreams a reality."
- @Psypreneur
11. From a Fortune-500 CEO to a street cleaner, everyone has something to teach you
Open your eyes and ears
Close your mouth
Listen and learn
"People who are open-minded and curious, learn something from everyone they meet"
- @wiseconnector
Open your eyes and ears
Close your mouth
Listen and learn
"People who are open-minded and curious, learn something from everyone they meet"
- @wiseconnector
12. Burnout is almost never physical, but mental
You either feel not rewarded or mistreated
Be willing to change companies or even profession, even for lower pay at first
"You’re not burned out, you just don’t get any reward from what you do"
- @EdLatimore
You either feel not rewarded or mistreated
Be willing to change companies or even profession, even for lower pay at first
"You’re not burned out, you just don’t get any reward from what you do"
- @EdLatimore
13. Not everyone deserves an explanation or your time to argue
As the old saying goes "I can explain it to you, I can't understand it for you"
"80% of 'arguments' on Twitter stem from poor reading comprehension"
- @ZubyMusic
As the old saying goes "I can explain it to you, I can't understand it for you"
"80% of 'arguments' on Twitter stem from poor reading comprehension"
- @ZubyMusic
14. Cut toxic friends and relatives out of your life regardless of the cost
You will earn your peace of mind in the long run
"Fire people from your life if they’re not in line with your values as a human being"
- @FitFounder
You will earn your peace of mind in the long run
"Fire people from your life if they’re not in line with your values as a human being"
- @FitFounder
15. The harder you try, the luckier you get
• Acquire more skills
• Expand your network
• Always look for opportunities
Better things will start coming your way
"The best advice I ever received was to increase your 'luck surface area'"
- @austin_rief
• Acquire more skills
• Expand your network
• Always look for opportunities
Better things will start coming your way
"The best advice I ever received was to increase your 'luck surface area'"
- @austin_rief
16. Discipline and consistency always trump talent and intelligence in the long run
Show up every day
Those small daily steps will compound quickly
"Consistency wins"
- @JustinSaaS
Show up every day
Those small daily steps will compound quickly
"Consistency wins"
- @JustinSaaS
17. When you try to appeal to everyone, you appeal to no one
Find your target audience and identify their
• Needs
• Goals
• Fears
Then create your content around these
"Understand which audience you're optimizing around"
- @businessbarista
Find your target audience and identify their
• Needs
• Goals
• Fears
Then create your content around these
"Understand which audience you're optimizing around"
- @businessbarista
18. Don't overcomplicate things
Try to find simple solutions to complex problems
Use the 80/20 rule
Focus on the 20% of things that bring 80% of the results
"Simplify where others complicate"
- @SahilBloom
Try to find simple solutions to complex problems
Use the 80/20 rule
Focus on the 20% of things that bring 80% of the results
"Simplify where others complicate"
- @SahilBloom
19. Avoid credit card debt and high-interest loans
Never use margin or leverage for investing
You will regret it later on
"Borrowing money is stealing from your future self. Don't be a greedy thief."
- @InvestorsTheory
Never use margin or leverage for investing
You will regret it later on
"Borrowing money is stealing from your future self. Don't be a greedy thief."
- @InvestorsTheory
20. Don't get too caught up in minor details when you make investments with a 10-year horizon
If you hold high-growth and high-quality companies, they won't matter in the end
"If you expect a 10 bagger, why worry about a 5% difference in buying price"
- @FromValue
If you hold high-growth and high-quality companies, they won't matter in the end
"If you expect a 10 bagger, why worry about a 5% difference in buying price"
- @FromValue
21. The market does not care about your
• School
• Major
• GPA
It only cares about your
• Skills
• Value
• Adaptability
"Degrees don’t define you."
- @InvestorAmnesia
• School
• Major
• GPA
It only cares about your
• Skills
• Value
• Adaptability
"Degrees don’t define you."
- @InvestorAmnesia
22. You can't control the stock market movements or when your boss decides to give you a raise
You can control your investing decisions and giving yourself a raise
"Free yourself from things you cannot control and focus all your energy on things you can control"
- @bossyourday
You can control your investing decisions and giving yourself a raise
"Free yourself from things you cannot control and focus all your energy on things you can control"
- @bossyourday
23. Nothing good will ever happen inside your comfort zone
Success and excellence await outside of it
"Greatness cannot be achieved by staying comfortable. Excellence is a result of continuously stretching the boundaries of your abilities. Embrace discomfort."
- @SeifelCapital
Success and excellence await outside of it
"Greatness cannot be achieved by staying comfortable. Excellence is a result of continuously stretching the boundaries of your abilities. Embrace discomfort."
- @SeifelCapital
24. Volatility is the price you pay for owning high-quality stocks
Don't get scared out of them after a sudden downturn
"Confidence in owning a volatile stock comes from developing your own conviction & doing your own research on that volatile stock"
- @StockMarketNerd
Don't get scared out of them after a sudden downturn
"Confidence in owning a volatile stock comes from developing your own conviction & doing your own research on that volatile stock"
- @StockMarketNerd
25. When dealing with non-experts
• Avoid jargon trying to seem smart
• Use simple terms to seem approachable
"Making something seem sound simple or understandable to the layman, is a great deal harder than using complex terms to appear knowledgable"
- @InvestmentTalkk
• Avoid jargon trying to seem smart
• Use simple terms to seem approachable
"Making something seem sound simple or understandable to the layman, is a great deal harder than using complex terms to appear knowledgable"
- @InvestmentTalkk
26. When your favorite stocks drop by a lot, don't panic
That's the best time to buy them if the fundamentals haven't changed
When the stocks are on sale
"I think I'm cut from a different cloth. It makes me smile when my favorite companies get washed out"
- @BahamaBen9
That's the best time to buy them if the fundamentals haven't changed
When the stocks are on sale
"I think I'm cut from a different cloth. It makes me smile when my favorite companies get washed out"
- @BahamaBen9
27. Don't try to invest in every sector just because others are doing it
You don't need to hold stocks in all the hot sectors
Focus on what you know and understand
"You are not an index fund. You don't have to own stocks from every sector"
- @BrianFeroldi
You don't need to hold stocks in all the hot sectors
Focus on what you know and understand
"You are not an index fund. You don't have to own stocks from every sector"
- @BrianFeroldi
28. Prioritize quality and value over quantity and time
A 3-hour focused work is more than enough
Don't waste 8 hours pretending to be productive with low-priority and unimportant tasks
"Focus on being productive instead of busy"
- @tferriss
A 3-hour focused work is more than enough
Don't waste 8 hours pretending to be productive with low-priority and unimportant tasks
"Focus on being productive instead of busy"
- @tferriss
29. Don't count the days for your next trip or the coming weekend
Instead, make every day count
"Build a life you don’t need a vacation from"
- @Route2FI
Instead, make every day count
"Build a life you don’t need a vacation from"
- @Route2FI
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Check below my master thread with all my threads on
• Finance
• Investing
• Stock market history https://twitter.com/itsKostasOnFIRE/status/1345790210441928708?s=20
• Finance
• Investing
• Stock market history https://twitter.com/itsKostasOnFIRE/status/1345790210441928708?s=20
