Thread by @itsKostasOnFIRE

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

3. When you start being successful you will get hate even from close friends

The reason?

Your success acts as a mirror for their failures

"You rarely get hate from anyone more successful than you"

-@SteveOnSpeed

4. Focus on what you are good at, not what you like

Engineering and analytics were not my passions, but they paid pretty well and allowed me to follow other passions in my free time

"Don't follow your passion, follow your talent"

-@profgalloway

5. Skills pay the bills

In-demand and high-paying skills pay for your freedom ticket

"If you’re good with computers, if you’re good at basic mathematics, if you’re good at writing, if you’re good at speaking, and if you like reading, you’re set for life."

-@naval

6. Six months of focused and hard work on yourself is all it takes to transform your life

Don't be afraid to say "No" to other social obligations

"Disappear for 6 months, do a ton of deep work, and 99% of your problems will also disappear"

-@MySuccessTheory

7. Focus on how much value you create, not how many hours you work

You are not a factory worker

You are a mental athlete

"Forty-hour workweeks are a relic of the Industrial Age. Knowledge workers function like athletes — train and sprint, then rest and reassess."

-@naval

8. Success is not what 99% of society defines it as

It's not the luxuries and status

It's the freedom over your time and choices

"Success is doing what you want to do, when you want, where you want, with whom you want, as much as you want"

-@TonyRobbins

9. From investing to politics, 99% of the news is garbage and noise

It aims to make you emotional and occupied

Follow a low-information "diet" and you will be fine

"If you don't read the newspaper, you're uninformed. If you do read it, you're misinformed."

-Denzel Washington

10. All your dreams can become reality if you:

• Set goals
• Create daily habits
• Are disciplined and consistent

"You can change. You can achieve your potential. You can make your dreams a reality."
-@Psypreneur

11. From a Fortune-500 CEO to a street cleaner, everyone has something to teach you

Open your eyes and ears

Close your mouth

Listen and learn

"People who are open-minded and curious, learn something from everyone they meet"

-@wiseconnector

12. Burnout is almost never physical, but mental

You either feel not rewarded or mistreated

Be willing to change companies or even profession, even for lower pay at first

"You’re not burned out, you just don’t get any reward from what you do"

-@EdLatimore

13. Not everyone deserves an explanation or your time to argue

As the old saying goes "I can explain it to you, I can't understand it for you"

"80% of 'arguments' on Twitter stem from poor reading comprehension"
-@ZubyMusic

14. Cut toxic friends and relatives out of your life regardless of the cost

You will earn your peace of mind in the long run

"Fire people from your life if they’re not in line with your values as a human being"

-@FitFounder

15. The harder you try, the luckier you get

• Acquire more skills
• Expand your network
• Always look for opportunities

Better things will start coming your way

"The best advice I ever received was to increase your 'luck surface area'"

-@austin_rief

16. Discipline and consistency always trump talent and intelligence in the long run

Show up every day

Those small daily steps will compound quickly

"Consistency wins"

-@JustinSaaS

17. When you try to appeal to everyone, you appeal to no one

Find your target audience and identify their

• Needs
• Goals
• Fears

Then create your content around these

"Understand which audience you're optimizing around"

-@businessbarista

18. Don't overcomplicate things

Try to find simple solutions to complex problems

Use the 80/20 rule

Focus on the 20% of things that bring 80% of the results

"Simplify where others complicate"

-@SahilBloom

19. Avoid credit card debt and high-interest loans

Never use margin or leverage for investing

You will regret it later on

"Borrowing money is stealing from your future self. Don't be a greedy thief."

-@InvestorsTheory

20. Don't get too caught up in minor details when you make investments with a 10-year horizon

If you hold high-growth and high-quality companies, they won't matter in the end

"If you expect a 10 bagger, why worry about a 5% difference in buying price"

-@FromValue

21. The market does not care about your

• School
• Major
• GPA

It only cares about your

• Skills
• Value
• Adaptability

"Degrees don’t define you."

-@InvestorAmnesia

22. You can't control the stock market movements or when your boss decides to give you a raise

You can control your investing decisions and giving yourself a raise

"Free yourself from things you cannot control and focus all your energy on things you can control"

-@bossyourday

23. Nothing good will ever happen inside your comfort zone

Success and excellence await outside of it

"Greatness cannot be achieved by staying comfortable. Excellence is a result of continuously stretching the boundaries of your abilities. Embrace discomfort."

-@SeifelCapital

24. Volatility is the price you pay for owning high-quality stocks

Don't get scared out of them after a sudden downturn

"Confidence in owning a volatile stock comes from developing your own conviction & doing your own research on that volatile stock"

-@StockMarketNerd

25. When dealing with non-experts

• Avoid jargon trying to seem smart
• Use simple terms to seem approachable

"Making something seem sound simple or understandable to the layman, is a great deal harder than using complex terms to appear knowledgable"

-@InvestmentTalkk

26. When your favorite stocks drop by a lot, don't panic

That's the best time to buy them if the fundamentals haven't changed

When the stocks are on sale

"I think I'm cut from a different cloth. It makes me smile when my favorite companies get washed out"

-@BahamaBen9

27. Don't try to invest in every sector just because others are doing it

You don't need to hold stocks in all the hot sectors

Focus on what you know and understand

"You are not an index fund. You don't have to own stocks from every sector"

-@BrianFeroldi

28. Prioritize quality and value over quantity and time

A 3-hour focused work is more than enough

Don't waste 8 hours pretending to be productive with low-priority and unimportant tasks

"Focus on being productive instead of busy"

-@tferriss

29. Don't count the days for your next trip or the coming weekend

Instead, make every day count

"Build a life you don’t need a vacation from"

-@Route2FI

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