The 6 financial rules that will GET YOU RICH.

//THREAD//
1: Build a 6+ months emergency fund

If you don't have an emergency fund, then you're living at *extreme risk*.

You don't need to do this overnight. Start small, build over time.

Your future self will thank you.
2: Invest 20% of income in long-term investments

If you spend the majority of your salary, then guess what?

⇢ You're "fake rich". The pseudo-affluent.

Alone, salaries don't build wealth. Neither does saving.

Investments build wealth.
3: No credit card debt

Your credit card is a convenience, not a way to spend money that you don't have.

Credit card debt is:

✓ addicting
✓ high interest
✓ tough to eliminate

And, it KILLS your ability to build wealth.
4: Drive cars until they die

I don't mean this literally. But, driving your cars until they are impractical or unsafe is a GREAT way to save thousands.

Buy quality. Maintain the hell out of it.

Then, drive it until you can't.

Boom.
5: Ignore your neighbor's buying decisions

Don't keep up with the Joneses because most Joneses are broke.

Focus on you and your family.

Your neighbor isn't paying your bills, so don't let them turn you into a financial idiot.
6: Walk often

Walking is a great way to think.

It also gets us outside and away from our computers and Amazon.

It's also great for your health.

The next time you're bored, try walking.
Join thousands of people who get my bi-weekly newsletter.

It's how you level-up your game straight from your inbox.

steveadcock.us/relearn

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Steve | Millionaire Habits

Steve | Millionaire Habits Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @SteveOnSpeed

23 Mar
I ended my career earning almost $140,000 as a 35-year old.

Here are 9 things I did to get there.

//THREAD//
1: I ditched my passion and followed my strength.

Photography is my passion. But, I didn't make my passion my job.

I chose a career with historically high pay and good job prospects.

I spent 14-years as a software developer.
2: I ditched low-value people.

Sounds harsh, but it works.

I ignored coworkers that were dead weight. I didn't want to be associated with them.
Read 11 tweets
21 Mar
Most of Twitter's money advice is bad. Period.

Stop digging yourself into a hole.

//THREAD//
Not everyone will have the same access and advantages.

⇢ That's a fact of life.

But, the rule of building wealth applies EQUALLY to everyone, regardless of background.

Income + Investments - Lifestyle = WEALTH.

How does this work? 👇
You can't live a rockstar life on a fast-food income.

Stop complaining. Stop blaming others. That doesn't build wealth.

What does?

☑ Work your ass off
☑ Invest in yourself (courses, certifications, etc)
☑ Be the BEST PERSON your employer has

Then: 👇
Read 12 tweets
11 Mar
19 wicked effective ways to make MORE MONEY in 2021.

// THREAD //
1: Ask for a raise.

If you never ask for more money, you're killing your income potential.

- Know your salary range
- Practice and appear confident
- Be able to talk about achievements
2: Quit and switch.

Switching companies is the single best way to boost your salary in your career.

I switched companies every three to four years and got a 15 to 20% raise every single time.

Don't be afraid to move around.
Read 21 tweets
24 Feb
How to make 6-figures by the time you’re 35.

++THREAD++
Set yourself up for growth with:

- college, and
- a marketable degree

What are marketable degrees? 👇
Follow your strength, not your passion.

What are you good at? Fixing stuff? Making stuff? Improving stuff?

Choose a high-paying major close to your strength.
Read 14 tweets
3 Feb
How to be happy. 👇

//THREAD//
Smile (a lot).

Smiling causes our brains to think we're happy.

It is the easiest thing we can do to be happy each and every day.
Exercise.

Regular exercise keeps the blood flowing, our bodies strong and healthy, and looking great.

It also helps reduce anxiety, stress, and depression.

Smile and Exercise. You're literally halfway there.
Read 22 tweets
2 Feb
In 2019, I sold my blog for almost $200,000.

How? Let's begin.

// THREAD //
1: Choose WordPress

It's easy. Well-supported. Uber flexible.

And, it's free.

Don't over-complicate this. Use WordPress and move on.
2: Write things people care about

I ranked for $$$ keywords, like:

- financial independence
- early retirement
- making money
- debt relief

You'll get paid for high-value keywords.
Read 8 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


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

Become a Premium Member ($3/month or $30/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!

Follow Us on Twitter!