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How to get rich - without getting lucky:
(Naval's thread was awesome but this is mine)
[THREAD]
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...
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
- 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
INVEST
While you're doing all this, INVEST
Invest at least 10% of your 9-5 paycheck; more if you can
Take 50%+ of your side hustle profits and invest that too
9-5 money + Side Hustle money is a beautiful combo
"b-b-b-bUt mY pArEntS diDn'T tEaCh mE tO iNvEsT"
While you're doing all this, INVEST
Invest at least 10% of your 9-5 paycheck; more if you can
Take 50%+ of your side hustle profits and invest that too
9-5 money + Side Hustle money is a beautiful combo
"b-b-b-bUt mY pArEntS diDn'T tEaCh mE tO iNvEsT"
I don't care. Learn it. This is a necessary step.
For $20 on Gumroad or free on Youtube you can watch a few videos and figure it out
The OG said it perfectly:
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โIf you don't find a way to make money while you sleep, you will work until you die.โ
โ Warren Buffett
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For $20 on Gumroad or free on Youtube you can watch a few videos and figure it out
The OG said it perfectly:
๐น๐น๐น
โIf you don't find a way to make money while you sleep, you will work until you die.โ
โ Warren Buffett
๐น๐น๐น
Ok you want specifics
Start with Index ETF's. Get used to watching your balance change every day
Automate your investing. If the money comes out of your paycheck before it even hits your bank account, you're less likely to spend it on junk
Start with Index ETF's. Get used to watching your balance change every day
Automate your investing. If the money comes out of your paycheck before it even hits your bank account, you're less likely to spend it on junk
Then experiment with whatever floats your boat
- dividend stocks
- growth stocks
- value stocks
- crypto
Pick the one that fits your style and goals
This is what works for me:
- dividend stocks
- growth stocks
- value stocks
- crypto
Pick the one that fits your style and goals
This is what works for me:
Some growth stocks.
Some swing trading for fun.
And a lot of dividend stocks. Why?
Because they pay me in cash. Then I reinvest that cash and watch it grow.
The more I reinvest, the more it grows.
It's motivating
Some swing trading for fun.
And a lot of dividend stocks. Why?
Because they pay me in cash. Then I reinvest that cash and watch it grow.
The more I reinvest, the more it grows.
It's motivating
+ Investing
+ Side Hustle Income
+ Dividend Reinvesting
+ Covered Call Income
Keep reinvesting all of these - it's like compounding on steroids
This is my formula for getting rich - without getting lucky.
+ Side Hustle Income
+ Dividend Reinvesting
+ Covered Call Income
Keep reinvesting all of these - it's like compounding on steroids
This is my formula for getting rich - without getting lucky.
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