Money lessons are as old as the Bible —

Written as far back as 1200 B.C. to the first century A.D.

With an estimated 5 billion copies sold.

And yet, as you’ll see, all these lessons are STILL ignored.

So what does the Good Book say about money?

“For the love of money is a root of all kinds of evil.”

Timothy 6:10

This one is BIG. But often misunderstood.

It’s not a danger to be good with money or to master it.

Merely, falling in love with it is the trouble.

We’ve all seen the evil rich guy. Don’t be him.

“Dishonest money dwindles away, but whoever gathers money little by little makes it grow.”

Proverbs 13:11

Quick to rich and quicker to broke.

Don’t chase after one big win with all your money. Instead aim for consistent gain with discipline.

“If you lend money to one of my people among you who is needy, do not treat it like a business deal; charge no interest.”

Exodus 22:25

I NEVER lend money personally to friends or family. I just give it to them if I want to help.

This avoids letting money destroy love.

“What good is it for a man to gain the whole world, yet forfeit his soul?”

Mark 8:36

There are many ways to get rich, but not all are equal.

Some jobs aren’t worth the money.

Choose the right path for your soul, and give along the way.

“The rich rules over the poor, and the borrower is the slave to the lender.”

Proverbs 22:7

Even back then, debt was dumb.

It still is. There is something about owing others nothing, that gives you power.

Only use debt sparingly, and know it’s dangers.

“Lazy hands make for poverty, but diligent hands bring wealth.”

Proverbs 10:4

We’ve all heard money twitter talk about working on the weekends.

Using the day for the 9-5, and the night for your side hustle.

Building wealth takes WORK 💵 🔨

It did then. It does now.

“Six days you are to do your work, but on the seventh day you shall cease from labor.”

Exodus 23:12

I know. I know I said you gotta work hard.

And you do!

But you also have to rest. You know what they say about Jack — all work and no play makes him a dull boy.

“Be diligent to know the state of your flocks, and attend to your herds.”

Proverbs 27:23

As you start to build your wealth, pay attention to it.

Track it.

Plan your moves.

Wisely guard and maneuver your money.

If these money lessons seem like things you’ve heard before, you probably have!

These lessons are as old as the Bible, and STILL are being discovered by people today.

No matter the century one standard has remained —

Good money habits are a mystery to many.

DONT let this be you.

Study and learn about wealth so that you might grow your own.

Don’t fall victim to mistakes as old as the Good Book.

Part the sea of debt and bad money decisions for the rest of your life 🌊 💵 🌊

If you enjoyed, retweet to save a money life! RT RT 😎

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More from @finance_hipster

3 Oct
Investment Hack 🔍 🤫

Unlock the power of an ETF (Exchange Traded Fund)

For early investors, it can be hard to figure out WHAT to buy.

You know you like a few companies, but you don’t know if together they’re a good idea.

That’s where studying ETFs come in 👇🏻
Firstly, what’s an ETF:

Like index funds, ETFs are a fund of multiple stocks. Some have 100 holdings, some less or more. But they give you good diversity matching an index or sector.

Even for experienced investors they can be a great catch-all to passively invest.

There are 2 main types:

Passively managed (cheaper fees) — like $DGRO

Actively managed (more expense because they are closely managed with more buying/selling activity to try to increase the fund earnings) — like $ARKK
Read 13 tweets
26 Sep
Do you own bonds in your portfolio?

Many don’t.

They’re boring, they don’t really grow, and they pay... almost nothing.

Let’s go through a few types of bonds — AND why I currently hold hold them (*disclaimer - not investment advice for YOU)
1️⃣ WHY?

Current savings account interest rates are low. Like REALLY low (Ally just lowered to 0.60% down from 2.25% two years ago or so).

Inflation is pegged around 2%. That means your bank is actually losing money over time.

It’s like having a hole in your wallet...

This is where bonds and bond like funds come in, for me.

After talking with @andyisom100K and @javyandrade , I started tinkering with a portfolio of several types of these funds to park some of my savings (not all!) — to allow it to grow.

Let’s go through them to learn.

Read 17 tweets
18 Sep
Are you dividend investing, or dividend chasing?

There’s a difference.

Look at:

💵 Payout ratio (is the dividend something a company can afford?)

Ideally, this is below 60%.

You want it to be a sustainable amount that still enables a company to grow profitability.
Early investors tend to chase rather than invest.

Remember, if along the way towards your goal you eat all the cheese, there will be nothing left to eat when you get there

🧀 🐀

A company should pay out to shareholders only what it doesn’t require to keep its strength.
Lastly, don’t let yourself get blinded by a beautiful dividend.

Like wrapping something worthless in a lovely bow 🎁 — the prize only matters by what’s inside.

If it’s a bad company that pays a dividend, it’s still a bad company.

Don’t get stuck losing money for it.
Read 4 tweets
11 Sep
A day job is great for consistent capital for investment.

Why is consistent capital (new 💵 coming in) important, especially in times of volatility?

Because it allows you to capitalize on dips!

Even when you previously bought at market highs, getting new low entries is 🔑
For example, I bought 3M at the height right before the market corona virus crash — at around $155 a share.

After the crash, I bought more at $123 a share.

now sits at $165. Image
Because I had consistent cash flow coming in, I could ADD to my position at a better price.

Which means, even though I previously bought at a high, now that the market has returned I’ve made my money back AND made a strong profit.

It’s why the rich get rich in market crashes!
Read 4 tweets
30 Aug
Precious Metals (Gold, Silver) have been a 🔥 topic lately with the wild US monetary policy —

Here’s a breakdown of all the ways you can invest in precious metals, as well as whether I think it’s good investment (for me).

\*thread*\ ☕️
There are generally 3️⃣ main ways to invest in precious metals:

• Physical metal (coins, stored gold, etc)
• ETFs that track the spot price of the metal (and shares are often backed by physical metal)
• Mining companies 💰 ⛏ — they dig the stuff up and sell it.
First, the physical metal —

Some people love collecting gold and silver coins or bars.

The upside is you physically own it!

Two issues I don’t like: You need to safety store it (get a good safe or pay someone) and they’re hard to move (not very liquid if you want to sell).
Read 10 tweets
16 Aug

Why do I love dividend paying stocks so much (even growth stocks that pay a small dividend like or )?

Because they pay you for waiting around!

👇🏻 Image
I’ve held Glu Mobile for about 5 years.

In that time it’s gone from about $3, to its current price of $7.70.

I’ve more than doubled my money (if I sold today)!

BUT I haven’t sold 👇🏻
Instead I’ve held it for 5️⃣ years.

In that time, it’s been as low as $2ish, and nearly as high as $12.

Up and down, and up and down again (see red circle dips).

And I’ve made $0 in that roller coaster.

Read 5 tweets

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