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Kostas On F.I.R.E. 🔥 Profile picture
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14 Apr, 6 tweets, 1 min read
5 Reasons I Regret Investing In Stocks

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More from @itsKostasOnFIRE

Kostas On F.I.R.E. 🔥 Profile picture
15 Apr
Post-College Net Worth

Year 0: $5,000
Year 1: $44,000
Year 2: $82,000
Year 3: $73,000
Year 4: $174,000

Here are the 29 lessons I learned on life and investing along the way

/THREAD/
1. Avoiding $3 coffees won't make you a millionaire

Staying with roommates and living like a student for a few years after graduation can

Avoid lifestyle creep and use the savings as fuel for your finances

"Stop asking $3 questions & start asking $30,000 questions"

-@ramit
2. The point of becoming rich is not to live luxuriously

It's to live life on your own terms and conditions and chase your dreams

"You now have some FU money. This is when you make things happen"

-@creation247
Read 32 tweets
Kostas On F.I.R.E. 🔥 Profile picture
14 Apr
How To Become An Undercover Millionaire In 11 Steps

/THREAD/
1. Pay Yourself First

Undercover millionaires have their savings and investment accounts as their first and biggest expense

They spend what's left after saving and investing

They don't save and invest what's left after spending
2. Acquire High-Paying Skills

Undercover millionaires have skills that are high-paying and in high demand on the market

They don't just work or sell products and services

They are problem-solvers and use their skills to offer solutions and create value for others
Read 16 tweets
Kostas On F.I.R.E. 🔥 Profile picture
13 Apr
The Equation To Create Wealth in 9 Steps

Use It And Change Your Life

/THREAD/
1. Add Location

Wealth creation is like real estate. Location matters

Find a place with

• Big network
• Many opportunities
• Constant innovation

There is a reason people were moving to SF for years and are now moving to Miami
2. Subtract Friction

The internet and unlimited information allows you to find opportunities without living in a big business hub

• Leverage social media
• Get into e-commerce
• Sell digital products

That way you reduce the location friction and can make money from anywhere
Read 13 tweets
Kostas On F.I.R.E. 🔥 Profile picture
12 Apr
Negotiate With Your Boss Like A Boss

How To Get A 20% Raise In 5 Simple Steps

/THREAD/
1. Ask And You Shall Receive

95% of people don't even ask for a raise

They just expect their boss will recognize their hard work

The 5% that get the raises are the ones who demand one
2. Lay The Groundwork

9 out of 10 people who ask for a raise do the following:

• Ask their boss for a meeting
• Try to "negotiate" a raise

This strategy has a low possibility of success

Here's what you should do instead

Be the 1 out of 10 who does the following:
Read 18 tweets
Kostas On F.I.R.E. 🔥 Profile picture
28 Mar
10 Reasons You Are A Loser

And Another 10 Why You Will Always Be A Loser

Visuals by @WrongsToWrite

/THREAD/
1. Instant gratification

You are addicted to dopamine and chase short-term pleasure

Ignore

• Likes
• Followers
• Distractions that bring pleasure

Focus on

• Providing value
• Creating a community
• Long-term plans and goals

Delayed gratification will bring success Image
2. Procrastination

You will "do it tomorrow", but that tomorrow never comes

Eliminate

• Complaining
• Finding excuses
• Wasting your time

Create

• Goals
• A plan
• Daily habits

Success is the compounding of your habits Image
Read 25 tweets
Kostas On F.I.R.E. 🔥 Profile picture
26 Mar
Dividends Are Robbing Your Portfolio

Here's How

/THREAD/
One of the biggest myths on Money Twitter is that dividends are free money

"Buy dividend stocks and earn money while you sleep" are all the "gurus" shouting to young beginner investors

But what if I told you that those dividends are actually costing you money while you sleep?
First, a dividend is a part of the earnings that a company returns to the shareholders

It usually happens every quarter, with some companies (mostly REITs) paying them monthly

But while it's nice to see money coming to your account, you wouldn't be happy if you did the math
Read 25 tweets

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