, 7 tweets, 1 min read Read on Twitter
THREAD // Advice on Saving & Investing in Your 20s

1. When you’re just starting out, focus on becoming an income machine, not an investment guru.

2. Don't obsess over finding your passion. Instead, master some skill, interest, or knowledge that others find valuable.
3. Once you do start making serious money, resist the temptation to blow it on lifestyle upgrades.

4. Outside of your day job, become a voracious learner.
5. Aim to minimize the “big three” expenses of housing, transportation, and food. Get these three under control and you can slip up in other areas (entertainment, dining out, etc.) and still not break the bank.
6. As a rule of thumb, spending on experiences will make you happier than spending on material possessions.

Great quote I heard regarding this: "Possessions break, but memories keep getting better over time."
7. Invest in broad market index funds early and often. Keep investment fees low.

8. Your savings rate is the one metric that determines when you'll be financially independent.
9. Be patient. In the early stages, most of your wealth accumulation will come purely from the difference between your income and your expenses. As time goes on and you begin to invest more and more savings, investment returns begin to help you.
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Four Pillar Freedom
Profile picture

Get real-time email alerts when new unrolls (>4 tweets) are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!