Discover and read the best of Twitter Threads about #debtfree

Most recents (9)

Want to be a full-time trader?
It seems coolest thing, no office, no boss, u can work from anywhere, isn't it?
But wait..
Here is a stringent checklist for u-
If u satisfy all the criteria then only think of #trading as a full time career.

1. #MentalFitness -
Yes, I kept it at top because it's all about controlling your emotions.
Then comes the trading system which you will gradually build for yourself.

Trading is about finding what works for you and sticking to it no matter what.

2. #CashFlows -
It must be made sure that the income from trading per year on an average is more than what your current income is, plus it should cover cost of running business (office/net connection/paid subscriptions etc)
Read 19 tweets
A few years ago my husband @benblair and my brother @floodstreet set out to create the most affordable, accredited, U.S.-based online university, and make it available to students all over the world. And they've succeeded. It's called Newlane University.
Each @NewlaneU degree is $1500, paid at $40/month. If you want to earn an Associates Degree & Bachelors Degree, that’s $3000 total. If you already have an Associates Degree, and want to earn a Bachelors Degree, it would be $1500. (The cheapest degree I've seen elsewhere is $5k.)
When you sign up, there's a one-time $249 registration fee. Try the program for 30 days and if it's not a good fit, no worries, they'll refund the fee. And you can pause the $40/mo at any time — like if there's a family matter that prevents you from studying for a few months.
Read 14 tweets
Educational thread: Investment mistakes you can make in your 20s:
1. Not a having a plan: 20s is the perfect time to start thinking about finances. There are less responsibilities, expenditure and the scope of savings is huge. Now is the time to think long-term.
2. Not knowing what to do with your earnings: In this knowledge-driven world, there is no shortage of data needed for research kn investments. Find out the investment options, the risks associated and make an investment plan.
Read 9 tweets
A little story: “Everything you need to learn to be a rocket scientist is available online, right now, for free."

Several years ago, @BenBlair (my husband) and @JoshStanley (my brother) learned that premise and it stuck with them.
If that premise was true (and they could see it clearly was true), then tuition rates should be falling — and falling fast. But they’re not. U.S. College Tuition is outrageous, and it gets worse every year!…
In response, they set out to build the Most Affordable, Accredited, U.S.-based, Degree-Granting University possible — and make it available to students all over the world. And they’ve succeeded.

Permit me to brag a bit about what they’ve built and why it's so cool.
Read 18 tweets
I haven’t seen #KilledByMyDebt but s someone who was in a lot of debt due to maxing out on credit cards when I was depressed I can’t recommend @StepChange enough. I had had problems for years and was eventually living off an overdraft for a few years before seeking help
I am now one month away from being #debtfree

Before I was scared to open letters as they might be from debt collectors who had bought my debt. Yesterday I had a letter from my old bank telling me I have paid them everything I owed them - loans and overdraft. That feels good
There were other smaller debts - catalogues, store cards, payday loans and the like. Interest was frozen on them though.

If people can be taught about budgeting and the dangers of credit card debt whilst in school or college that might help a lot of people avoid this
Read 8 tweets
#BOOK: I Say So: Speaking My Way to #Success

Words matter. They frame your world and steer your life. In 90 seconds a day you can focus and speak right words that'll direct your path to the success you desire. #zww
Day 1: I say ... I can handle everything that comes my way today.

Day 4: I'm attentive and communicate my love appropriately to each family member.
Day 7: I say ... I'm a bold and confident communicator.

Day 10: I eat well, exercise and drink plenty of water.
Read 6 tweets
#personalfinance #investing #DebtFree - Thread on common personal finance mistakes which most of us could be privy to. @AdityaD_Shah @dmuthuk @invest_mutual @RichifyMeClub @Longterm_wealth Wanted to share my experience and corrective action taken. I had invested in a second
property as a pure investment (not to stay in) - with around 65% of the value being funded by a housing loan. I had loan equivalent amount invested in direct equities, and was convincing myself all along that as long as the returns on equity are higher than the interest rates on
housing loan, I had an arbitrage and hence continued paying EMI's ( another mistake in the bargain being - increasing the cost of acquisition of an asset class which was already giving negative returns). March'20 happened and 25% of my equity portfolio was wiped out - and I
Read 8 tweets
Yes--#Reliance is now #DebtFree

#Jio raised Rs 1.16 lakhCr from #Facebook,Silver Lake,Vista Equity, General Atlantic,KKR, Mubadala, ADIA,TPG,L.Catterton&PIF

7000Cr raised,via 49% stake sale in fuel retail venture,to #BP

53124Cr raised via #Rights

Debt was Rs 1.63 lakhCr
That RIL is #NetDebtFree is big,but bigger news is,Rs 1.69 lakhCr was raised in 58 days,flat

#SaudiArabia's Sovereign Wealth Fund,#PIF's 2.32% stake in #Jio has #EnterpriseValue of 5.16 lakhCr& equity valuation of Rs4.9 lakhCr

Great going for #RIL,with 9.23% weightage in #Nifty
Most interesting bit about the massive fund raising exercise by #Reliance,is the serious money committed by #Arab world, including,AbuDhabi based, #Mubadala

With 10 lakhCr+ in market cap,#RIL is a story that showcases,size &scale,matter

Jio& #RelianceRetail to be listed in 5yrs
Read 4 tweets
THREAD. Four years ago, my wife and I made the final payment on a collection of debts that were sizable. It took us 22 months of intense focus. It was, in retrospect, perhaps the most valuable thing we’ve ever done for our marriage. #DebtFree #TBT #babysteps #ThursdayMotivation
The vast majority of this debt was student loan debt, potentially dischargeable through public service debt forgiveness. When I began telling people that we had decided just to pay it all off, some people thought it crazy to NOT coast for ten years and then watch it go away.
In retrospect, I believe we made the right choice. My wife’s dealings with her loan servicer were a regular pain. Payments were often not applied correctly, and even as we were making double/triple payments, dealing with them was a regular annoyance.
Read 24 tweets

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