Read on Twitter
1: Watching Netflix will make you poor.
Watching Netflix isn& #39;t the issue.
It& #39;s a lack of motivation.
An unmotivated person who cancels Netflix will replace it with another distraction.
You aren’t a lazy bastard if you watch Netflix.
Just keep it in moderation.
Watching Netflix isn& #39;t the issue.
It& #39;s a lack of motivation.
An unmotivated person who cancels Netflix will replace it with another distraction.
You aren’t a lazy bastard if you watch Netflix.
Just keep it in moderation.
2: You can& #39;t get rich working a 9 to 5.
I& #39;m proof-positive that& #39;s a lie.
With proper money management skills, your 9-to-5 CAN MAKE YOU RICH.
It happens all the time.
I& #39;m proof-positive that& #39;s a lie.
With proper money management skills, your 9-to-5 CAN MAKE YOU RICH.
It happens all the time.
3: Save 10% and you& #39;ll be set.
On so many levels, this is nonsensical.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="▫" title="Weißes kleines Quadrat" aria-label="Emoji: Weißes kleines Quadrat"> Life spans are expanding
https://abs.twimg.com/emoji/v2/... draggable="false" alt="▫" title="Weißes kleines Quadrat" aria-label="Emoji: Weißes kleines Quadrat"> Taxation on the rise
https://abs.twimg.com/emoji/v2/... draggable="false" alt="▫" title="Weißes kleines Quadrat" aria-label="Emoji: Weißes kleines Quadrat"> Jobs are changing
https://abs.twimg.com/emoji/v2/... draggable="false" alt="▫" title="Weißes kleines Quadrat" aria-label="Emoji: Weißes kleines Quadrat"> Inflation
10% may not cut it.
Fund your 401(k) and Roth IRA.
Build an emergency fund.
Your future will thank you.
On so many levels, this is nonsensical.
10% may not cut it.
Fund your 401(k) and Roth IRA.
Build an emergency fund.
Your future will thank you.
4: You only live once.
In other words, "Spend your cash on temporary happiness crap".
How about this: You only live once. Achieve FI and do whatever the fuck you want.
That sounds much better to me.
In other words, "Spend your cash on temporary happiness crap".
How about this: You only live once. Achieve FI and do whatever the fuck you want.
That sounds much better to me.
5: Never use a credit card.
Using a credit card responsibly is one of the best ways to maximize your dollar.
Why?
https://abs.twimg.com/emoji/v2/... draggable="false" alt="▫" title="Weißes kleines Quadrat" aria-label="Emoji: Weißes kleines Quadrat"> Points
https://abs.twimg.com/emoji/v2/... draggable="false" alt="▫" title="Weißes kleines Quadrat" aria-label="Emoji: Weißes kleines Quadrat"> Build credit
https://abs.twimg.com/emoji/v2/... draggable="false" alt="▫" title="Weißes kleines Quadrat" aria-label="Emoji: Weißes kleines Quadrat"> Fraud protection
https://abs.twimg.com/emoji/v2/... draggable="false" alt="▫" title="Weißes kleines Quadrat" aria-label="Emoji: Weißes kleines Quadrat"> Acquire airline miles
https://abs.twimg.com/emoji/v2/... draggable="false" alt="▫" title="Weißes kleines Quadrat" aria-label="Emoji: Weißes kleines Quadrat"> Warranties on purchase
Let credit work for you.
Using a credit card responsibly is one of the best ways to maximize your dollar.
Why?
Let credit work for you.
6: Renting is throwing your money away.
Homeownership is MUCH more expensive than people realize.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="▫" title="Weißes kleines Quadrat" aria-label="Emoji: Weißes kleines Quadrat"> Taxes
https://abs.twimg.com/emoji/v2/... draggable="false" alt="▫" title="Weißes kleines Quadrat" aria-label="Emoji: Weißes kleines Quadrat"> Interest
https://abs.twimg.com/emoji/v2/... draggable="false" alt="▫" title="Weißes kleines Quadrat" aria-label="Emoji: Weißes kleines Quadrat"> Maintenance
https://abs.twimg.com/emoji/v2/... draggable="false" alt="▫" title="Weißes kleines Quadrat" aria-label="Emoji: Weißes kleines Quadrat"> Repairs
https://abs.twimg.com/emoji/v2/... draggable="false" alt="▫" title="Weißes kleines Quadrat" aria-label="Emoji: Weißes kleines Quadrat"> Opportunity cost
Renting gives you options that homeownership doesn& #39;t.
Homeownership is MUCH more expensive than people realize.
Renting gives you options that homeownership doesn& #39;t.
7: You gotta hustle 24/7.
This awful advice traps people into a life of burnout.
Your rest and relaxation time is required to hustle.
It& #39;s healthy.
Without rest, there& #39;s no hustle.
This awful advice traps people into a life of burnout.
Your rest and relaxation time is required to hustle.
It& #39;s healthy.
Without rest, there& #39;s no hustle.
8: There is no such thing as good debt.
Untrue.
Smart debts pay off.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="▫" title="Weißes kleines Quadrat" aria-label="Emoji: Weißes kleines Quadrat"> Student loans
https://abs.twimg.com/emoji/v2/... draggable="false" alt="▫" title="Weißes kleines Quadrat" aria-label="Emoji: Weißes kleines Quadrat"> Business loans
https://abs.twimg.com/emoji/v2/... draggable="false" alt="▫" title="Weißes kleines Quadrat" aria-label="Emoji: Weißes kleines Quadrat"> Home equity loans
https://abs.twimg.com/emoji/v2/... draggable="false" alt="▫" title="Weißes kleines Quadrat" aria-label="Emoji: Weißes kleines Quadrat"> Mortgages (sometimes)
"All debt is bad" is elementary school thinking.
Untrue.
Smart debts pay off.
"All debt is bad" is elementary school thinking.
9: Follow your passion.
That’s terrible advice.
Your passion won’t pay your bills, your strengths will.
Pursue a career that aligns with your strengths.
Maximize your earning potential.
That’s terrible advice.
Your passion won’t pay your bills, your strengths will.
Pursue a career that aligns with your strengths.
Maximize your earning potential.
10: Crypto is the future.
Nobody knows that. Not you. Not me.
Never take advice from people who believe they can predict the future.
Ever.
Nobody knows that. Not you. Not me.
Never take advice from people who believe they can predict the future.
Ever.
11: College is useless.
College graduates earn more than non-grads.
Them& #39;s the facts.
Exceptions apply but never count on being an exception.
Don& #39;t allow people to talk you out of a smart career foundation.
College graduates earn more than non-grads.
Them& #39;s the facts.
Exceptions apply but never count on being an exception.
Don& #39;t allow people to talk you out of a smart career foundation.
12: Read 5,000 books a year.
Reading is overrated.
Doing is underrated.
The marketplace does not care how many books you& #39;ve read.
It cares about what you can do.
Stop stacking knowledge and start gaining experience.
Reading is overrated.
Doing is underrated.
The marketplace does not care how many books you& #39;ve read.
It cares about what you can do.
Stop stacking knowledge and start gaining experience.
13: Your credit score doesn& #39;t matter.
It does. A good credit score means things are cheaper.
What types of things?
https://abs.twimg.com/emoji/v2/... draggable="false" alt="▫" title="Weißes kleines Quadrat" aria-label="Emoji: Weißes kleines Quadrat"> Car loans
https://abs.twimg.com/emoji/v2/... draggable="false" alt="▫" title="Weißes kleines Quadrat" aria-label="Emoji: Weißes kleines Quadrat"> Mortgages
https://abs.twimg.com/emoji/v2/... draggable="false" alt="▫" title="Weißes kleines Quadrat" aria-label="Emoji: Weißes kleines Quadrat"> Business loans
https://abs.twimg.com/emoji/v2/... draggable="false" alt="▫" title="Weißes kleines Quadrat" aria-label="Emoji: Weißes kleines Quadrat"> Insurance rates
https://abs.twimg.com/emoji/v2/... draggable="false" alt="▫" title="Weißes kleines Quadrat" aria-label="Emoji: Weißes kleines Quadrat"> Security deposits
And, don& #39;t forget: Employers/landlords can check your credit.
It does. A good credit score means things are cheaper.
What types of things?
And, don& #39;t forget: Employers/landlords can check your credit.
14. Don& #39;t worry about saving, just earn more.
This is a fallacy.
The more you earn, the worse your spending problem gets.
You will NEVER be able to out-earn destructive spending habits.
Ever.
This is a fallacy.
The more you earn, the worse your spending problem gets.
You will NEVER be able to out-earn destructive spending habits.
Ever.
I documented our entire journey to 7-figures and early retirement in my eBook, Big Money.
For less than $10 bucks, it& #39;s the best investment that you& #39;ll ever make in yourself. https://gumroad.com/l/Big-Money ">https://gumroad.com/l/Big-Mon...
For less than $10 bucks, it& #39;s the best investment that you& #39;ll ever make in yourself. https://gumroad.com/l/Big-Money ">https://gumroad.com/l/Big-Mon...
