Nipsey was a rapper and entrepreneur, who even founded his own record label with earnings from his music
Talk about a side hustle!
[THREAD]
1โฃ
โI 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... itโs losing value. Itโs depreciating not appreciating.โ
Make your money make more money!
2โฃ
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
3โฃ
โI released 1000 mixtapes and charged $100 for each because I understood the economic principle of scarcity. The profit funded my independent label.โ
You see this everyday on here.
Pre-launch a product, create demand, and launch to a market eager for your product.
4โฃ
"The company you keep has a large influence on the situations you bring to yourself.
Birds of a feather flock together."
If you surround yourself with winners, you'll be forced to level up
Same goes the other way around
Choose your crowd wisely
5โฃ
โIf you sharing your success and not your struggle, youโs a fool.โ
Everyone knows that success comes with failures. Pretending that you haven't failed is your ego talking.
People will relate to you better if you show your losses too!
6โฃ
โI taught all my homies how to fish.
Some caught more than others.
Some said they rather be fed.
Some passed me up in the process.
But at the end of it all, I know I ainโt hide the game from my people and Iโm real for that.โ
Master your art. Then become a teacher
7โฃ
"Instead of trying to build a brick wall, lay a brick every day.
Eventually, youโll look up and youโll have a brick wall."
Whatever you're building happens one step at a time. The only way to get there is to show up. Every day.
8โฃ
"Dropped out of school, imma teach myself. Made my first mill on my own I donโt need your help!โ
Embodies the spirit of Money Twitter and Self Education
โIโm about seeing the long-term, seeing a vision, understanding nothing worthwhile happens overnight, and just sticking to your script long enough to make something real happen.โ
Short term profits are great & you can score some quick wins
But your main goals are long term
๐
โYou learn all the secrets of the game on your way up. Most folks want to skip the process; when you skip steps, you miss the lessons.โ
Everyone's looking for the "hacks" - but the only hack that works is putting in the work
Some lessons are only learned through experience
โข โข โข
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Top 10 Lessons from The Little Book That Still Beats the Market by Joel Greenblatt
[thread]
1. Focus on investing in companies that are undervalued by the market, but have strong financial metrics.
2. Greenblatt emphasizes the importance of using a quantitative approach to stock selection, such as his "Magic Formula" which looks for companies with high returns on capital and high earnings yield.
Top 10 Takeaways from The Intelligent Investor, by Ben Graham (Warren Buffett's idol)
[thread]
1. Investing is a long-term game, and it is important to focus on the long-term growth potential of a company rather than short-term fluctuations in the stock market.
2. Diversification is key to reducing risk in an investment portfolio.
Spread investments across different industries and sectors to mitigate the impact of any one investment performing poorly.
1. The Agricultural Revolution was a major turning point in human history, as it led to the creation of civilizations and the rise of social hierarchies.
2. The invention of money and the creation of the modern financial system have had a profound impact on human society.