๐ŸŽค๐ŸŽค๐ŸŽค

๐—ง๐—ผ๐—ฝ ๐Ÿญ๐Ÿฌ ๐——๐—ฟ๐—ฎ๐—ธ๐—ฒ ๐—ค๐˜‚๐—ผ๐˜๐—ฒ๐˜€ for Money Twitter

Aubrey Drake Graham is a biracial rapper from Toronto who has amassed a $150 Million fortune

#3 highest earning rapper

His businesses include a record label & a whiskey brand

What can we learn from Drake?

[THREAD]
๐Ÿ”Ÿ

"Nowadays itโ€™s six-figures when they tax me/ Oh well, guess you lose some and win some, long as the outcome is income."

One big excuse we see around here is "If I make more money, I'll just have to pay more taxes"

So what? It's still more than you had before...
9โƒฃ

"Iโ€™m 23 with a money tree/ Growing more too; I just planted a 100 seeds."

One great thing about our corner of Twitter is that there are so many people starting young. Investing/ ecommerce/ SEO / flipping - you name it

Investing at a young age can set you up for life
8โƒฃ

"Spendin all the money I just worked my ass off for doing things that I won't regret."

You can make all the money in the world and still blow it on houses, cars, girls, toys, etc

Spend it on things you won't regret - make you money work for you
7โƒฃ

"I guess it really is just me, myself and all my millions."

Don't count on anyone else to pull you out of your situation.

Don't count on your friends and family to support your goals

Sometimes it's lonely at the top and you gotta look out for ol' #1
6โƒฃ

"I got friends with money and I got money too."

You are the average of the 5 people you spend the most time with

Spend time with successful people and you'll be successful too

Simple as that
5โƒฃ

"I got it rollinโ€™ in all kinda ways, lump sum and residual, yeah."

Diversify your investments! If you own stocks, own:
- index funds
- growth stocks
- dividend stocks

Or buy real estate, blogs, apps

There's a million ways to make a million
4โƒฃ

โ€œSometimes itโ€™s the journey that teaches you a lot about your destination.โ€

Stop looking for shortcuts and hacks

Can you watch someone wholesale real estate on YouTube? Sure.
Is that the same as cold calling by yourself? Hell no

Putting in the work is the best way
3โƒฃ

"Got the money and I never show it."

Don't blow your money trying to look wealthy.

You won't achieve the right mindset until you stop trying to impress other people

Read "The Millionaire Next Door"
2โƒฃ

"Shout goes out to NIKE, checks all over me / I need a FuelBand just to see how long the run has been"

Drake including product placement in songs

And you're waiting to start affiliate marketing why again?
1โƒฃ

"I like it when money makes a difference- but don't make you different"

Money doesn't change who you are, it just amplifies it

If you're not happy without money, you won't be happy with money.

Don't just focus on getting rich. Be a good person in the process
We started from the bottom now we here.

Hope you got something out of this. There's a lot of good principles here that might apply to your own life

Also, if you liked this thread, you might like my previous Jay-Z one below โœŒ๏ธ

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More from @BusinessFamous

2 May
Warren Buffettโ€™s Top 10 Rules of Investing, Twitter meme style

[THREAD]
Rule #1: never lose money

Rule #2: never forget Rule #1
Rule #3

If the business does well, the stock eventually follows
Read 11 tweets
10 Mar
๐Ÿ’ฐ๐Ÿ’ฐ๐Ÿ’ฐ

How to get rich - without getting lucky:

(Naval's thread was awesome but this is mine)

[THREAD]
HAVE A SOLID 9-5

Yeah I said it

A solid 9-5 for benefits, socializing with people, getting ideas, etc. You can always cut back your hours later

Most importantly- BE UNDEREMPLOYED

Don't be the guy working 80 hours a week trying to get a 4% raise

Save your energy for your...
SIDE HUSTLE

- Flipping
- Affiliate Marketing
- Private label brand
- Selling Yugioh cards
- Breeding Alpacas

Whatever is, be the best you can be at it. Know it inside and out.

Figure out the best way to monetize it and stand out by doing it differently than everyone else
Read 9 tweets
1 Oct 20
๐ŸŽค๐ŸŽค๐ŸŽค

Top 10 Nipsey Hussle Quotes for Money Twitter

Nipsey was a rapper and entrepreneur, who even founded his own record label with earnings from his music

Talk about a side hustle!

[THREAD]
1โƒฃ

โ€œI want to invest in assets as opposed to trick off my money on liabilities like diamonds and cars that lose value as soon as you drive it off the lot.

It looks good, but... itโ€™s losing value. Itโ€™s depreciating not appreciating.โ€

Make your money make more money!
2โƒฃ

Out the garage is how you end up in charge
It's how you end up in penthouses, end up in cars
It's how you start off a curb server, end up a boss
It's how you win the whole thing and lift up a cigar
With sweat drippin' down your face cuz the mission was hard

Embrace the grind
Read 11 tweets
27 Sep 20
Qualified Dividends

vs

Ordinary Dividends

Q: What's the difference?

A: 10-19% tax savings on your dividends!

[THREAD]

๐Ÿ‘‡๐Ÿ‘‡๐Ÿ‘‡
What is a Qualified Dividend?

It's the same as an Ordinary Dividend except it's taxed at a lower federal rate

An Ordinary Dividend becomes a Qualified Dividend when you hold the stock for 60 days out of the 121 day period before the ex-dividend date

Here's the tax rates ๐Ÿ‘‡ Image
For example:

If a stock's ex-dividend date is Oct 1, you have to hold it for 60 days of the 121 days surrounding the ex-dividend date:

Aug 2

Oct 1 (ex-dividend date)

Nov 30

(Aug 2 to Nov 30 = 121 days)
Read 6 tweets
31 Aug 20
๐Ÿ”ฅ4โƒฃ0โƒฃ0โƒฃ0โƒฃ๐Ÿ”ฅ

๐Ÿ™ Thanks so much to you all!

I love the support we all give each other on this side of Twitter

I'll share a story of how I bet on myself and hopefully inspire at least one of you to do the same

[An autobiographical thread]
Seems like a lifetime ago, I took a steady office job at a medium size family owned company.

I was making $13/hour and was happy about that.

But immediately I felt the disappointment of having an unqualified manager, only in charge bc of tenure

I promised myself I'd stay...
...only until I finished my Bachelor's (was taking night classes)

When I finally graduated, the economy started a downward spiral, so I felt stuck

I'm now 5 years into this job - performing fine but definitely not doing anything extra.

I've gone from $13/hr to...
Read 11 tweets
20 Aug 20
Q: What are fractional shares and why do they matter?

A: Fractional shares lets you buy shares of stock in small increments

For example, you could buy $1 worth of Apple stock instead of saving up $462 for 1 full share

Why should you care?

[THREAD]
There are 2 main reasons why companies DON'T split shares

1. Some companies believe a high share price brings a level of prestige

2. Warren Buffett famously said he'll never split Berkshire A-Class stock bc he wants to attract only "like minded" investors

That means - not you
Today, Buffett's company, Berkshire Hathaway is $310,800 per share

Normally, you'd have to save up $310k to buy 1 full share through your broker

But with fractional shares, you can buy as little as $1 worth, or .000003 shares
Read 6 tweets

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