Your guide to Money Twitter. 💵

*Must read*

++ THREAD ++
What is Money Twitter?

It's a segment of Twitter that talks about:

- crypto is king
- fuck your 9 to 5
- online businesses
- 24/7 hustling lifestyles
- "Real wealth begins at 8 figures"

It's 90% bullshit.

Here's what you need to know. 👇
First, most on Money Twitter are good people.

They are trying their best to better their lives. Improve their situation.

I respect the hell out of that.

Money Twitter can be motivating.

You learn not to settle for the average.

Get healthy. Lift heavy weights. Boost your income. Keep hustling.

Build an online business. Make lots of money. Buy a Lambo.

That's great...

But, here's the other side of that coin.
Few on Money Twitter practice what they preach.

If they were hustling 24/7, they wouldn't be tweeting every hour.

👉 Twitter is their business. They make money by selling you an idea. A path toward riches and successes.

That doesn't mean they've actually done it.
Secret: You might be surprised at how many anti-college Money Twitter folks actually went to college, or are *currently in college*.

Most don't talk about that. Why? Because "go to college" doesn't sell.
Money Twitter also rarely talks about rest.

Without rest, you won't succeed. You won't make money.


👉 You don't need to hustle 24/7.

They aren't.
You don't either.

Don't be afraid of Netflix. Or TV.

Just don't do that *all the time*.
The "Build a landing page and they will come" bros are void of reality.

Yes, it can work. People make LOTS of money online.

If it were as easy as they make it sound, we'd all be business owners, wouldn't we? Truth is we all aren't cut out to run our own businesses.

So, 👇
Don't quit your 9 to 5 until your business replaces your income. Don't buy someone's course thinking you'll be rich next week.

It can happen, but the numbers show that you *probably* won't, and that consistent 9 to 5 income is looking pretty good.

Speaking of 9 to 5s...
You aren't an idiot or a "slave" if you work a 9 to 5.

People who believe this have *never worked a 9 to 5* largely because they are unemployable hotheads who think they are better than you.

Your 9 to 5 is a tool. Use it to get rich.

It happens ALL THE TIME.
Think crypto is king? Good for you. Invest in it.


Truth bomb: The average 10-year stock market return for the last 140 years is 9.2%.

Consistent. Dependable. Huge historical track record.

Most on Money Twitter are young. What does that mean?
It means most haven't actually experienced an economic downturn.

👉 Overconfidence can be a dreadful thing.

Don't jump 100% into the crypto bandwagon because young crypto dudes tell you to.

Truth: The more people they get to buy crypto, the more money they make.
Want to get rich? It's not just about a huge income.

Once again, "Control your expenses" doesn't sell. Nobody has a course on that.

👉 But, your lifestyle is AT LEAST 50% of the *get rich* equation, period.

Money Twitter doesn't acknowledge that. It's not how they make money.
Is Money Twitter all bad? Of course not.

I love and respect this community.

Don't let Money Twitter's bull-market-induced overconfidence con you into making poor life choices.

Here's what to do, 👇
▫ Want to start a business? GREAT. Try it. But, don't quit your 9 to 5 yet.

▫ Want to try crypto? GREAT. Try it. Don't go in 100%.

▫ Want to build wealth? GREAT. But, get rich quick schemes don't work.

Let Money Twitter motivate you. Don't let it control you.

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More from @SteveOnSpeed

9 Apr
12 Things My Wife And I Did To Retire in our 30s

++ THREAD ++
1: We ignored the hate.

Funny how people dish hate when you're living a purposeful life.

You're not drowning in debt, buying a boat, going on pricey vacations.

You're living your life. Building wealth.

Those hateful people are still working today.
2: Tracked cash flow.

We knew where every dollar was going.

Using spreadsheets, we had complete visibility over everything, and it made saving money uber simple.

Track your spending.
Read 13 tweets
7 Apr
Rich vs. Poor: 15 things you can do that will MAKE YOU RICH.

// THREAD //
1: Believe you can.

Your mindset will *LITERALLY* make or break your ability to build wealth.

Whether you believe you can or you can't, you're right.

Don't proceed further unless you believe you have the power to get rich.
2: Show up every damn day.

Rich people don't just phone it in. That's what poor people do.

To get rich:

- be present at work, mentally and physically
- be the person everyone can rely on
- do your job the best you can

This is not hard.
Read 17 tweets
5 Apr
Your 9-5 job can make you more money than you can imagine.

Here is how I boosted my salary by almost 250% in 12 years.

☑ I was the first one in the office, every day
☑ I rarely took sick days or vacations
☑ I made myself uber valuable

Showing up is half the battle.

Warning: This can turn into a BAD thing if you *never* take time off.

Moderation is key, but THIS WORKS.
☑ I switched companies five times in 14 years
☑ Each move boosted my salary at least 15%

Nothing murders wealth like a dead-end job.

Don't be afraid to change jobs to get more money or a better position.
Read 8 tweets
26 Mar
The 6 financial rules that will GET YOU RICH.

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.
Read 8 tweets
23 Mar
I ended my career earning almost $140,000 as a 35-year old.

Here are 9 things I did to get there.

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.

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

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