5 money moves that will take you from broke nobody to rich somebody in 7 years (or less) 👊🏻💥


Save $1 of every $10 you make. Start here, and as it becomes easy move to $2. Then $3, until you get to saving $5-6 of every $10 earned

This will ensure you’re consistently saving and putting more of your money to work

More money saved = more money to invest

Get rid of consumer debt NOW (other than a mortgage)

Owing others money and having monthly payments zaps your cash flow

Building your monthly cash flow (amount extra you can put to work) is a key to building wealth FAST

This frees up money that goes to work FOR you

Raise your income

Get that promotion. Switch companies. Switch career paths. Get that side hustle. Take overtime. Take a second job

Do WHATEVER you can to increase your income

This + savings = the secret to building cash fast that you can invest

Many sleep on this

Learn to manage your OWN money

Studies show it takes about 6 months to become competent at a skill. Eat, sleep, breath money for 6 months

Listen to podcasts. Read books. Take courses. Talk to people (even on social media)

You will take better care of it than a stranger

Start investing as soon as you can

Start small. Start slow. Start low risk. But START

You will learn more in your first 6 months investing than you ever did reading/listening to content on it

You may lose some money, but you will learn and make more in the end
Master these 5 things and you’ll be on the road to rich somebody in WAY less time than you think

Examples are everywhere of someone doing this in less than 7 years

(People who were broker than you)

Less than 5

Less than 3

It can be you.

GO 👊🏻 💥
My journey started with a budget

I put all that knowledge into my guide, showing you how I save 50-60% of my income monthly

Check it here 👇🏻


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More from @finance_hipster

23 May
I have a confession:

I do NOT own a home. I’m renting.

A few reasons:

☝️I think the market is high
☝️Renting allows me flexibility
☝️Renting takes away pressure while looking for a property I really want
☝️I think the market is high (worth saying 2X)

A few facts scare me about the housing market.

• There are currently more realtors than homes on the market
• Foreclosures and properties are being held off the market due to mortgage/rent relief
• Home prices were rising as high as 13%+ a year from bidding wars

People are feeling pressure to buy NOW, or risk losing out on current prices and getting locked out.

They’re rushing off to lock into a mortgage far and above what they originally expected to pay just a year or two ago.

I don’t want to be rushing into a $300k+ decision.

Read 10 tweets
21 Feb
Here are a few REITs (Real Estate Investment Trusts) that I own shares of:

$O - Div/Yield 4.6%
$STAG - Div/Yield 4.53%
$CUBE - Div/ Yield 3.7%
$NHI - Div/Yield 6.45%
$MAIN - Div/Yield 7.13%
$LAND - Div/Yield 2.89%

Each pay a nice dividend yield, with several paying monthly.
As a renter, I love REITs because they provide me real estate exposure that I otherwise wouldn’t have the capital to invest in 🏡

You buy shares,

get paid dividends and capital appreciation,

and someone else has to fix the roof and toilets and collect the rent.
If researching and picking out one individual REIT company scares you due to risk,

you can also invest in multiple through an ETF.

Two REIT ETFs that I own:

🔘 $VNQ (vanguard US Fund, low cost) 3.89% div/yield
🔘 $SRET (riskier, global, higher yield/cost) 8.74% div/ yield
Read 5 tweets
23 Nov 20
We discuss a lot of books on here with money knowledge —

But films 🎥 are more rare.

That doesn’t mean you can’t learn anything though.

On today’s reel, Wall Street (1987).

Get in the car —

Gordon Geeko is teaching class today.

This film is full of fast money and stock market pump and dumps 📈 📉

Classic insider trader moves and back restaurant deals.

But buried in there are actual real money and trading gems 💎

I’ve pulled a few out just for you (because I like you, that’s why)

“I look at 100 deals a day, I chose one.”

When you first start investing, every deal looks good 🤑

You want to jump on every opportunity because to you everything looks like money.

It isn’t.

Learn to sift through the junk, and find the one.

This has saved me money.

Read 12 tweets
21 Nov 20
My current yearly allocation:

▪️401k (4% company match)
▪️Roth IRA max ($6000)
▪️HSA max ($3500)
▪️Gold 5%
▪️Bitcoin 3%
▪️Remaining goes to after-tax brokerage where I split 50/50 ETFs/Individual Companies

Savings rate: 50-60% (this gives me a lot of options)

A few other stats:

▪️I do not use DRIP (automatic dividend reinvestment)
▪️My 401k/ROTH are set up with about a 60/40 split US/International total stock funds
▪️ETFs — I favor the lowest expense ratio option when available
▪️Favorite ETFs: $VTI, $VOO, $VXUS, $ICLN, $VGT
Saw similar summaries from @thewealthdad and @DecadeInvestor and figured I’d share my own!
Read 4 tweets
21 Nov 20
Spend as much of your money as you can on:

1️⃣ Things that pay you money
2️⃣ Things that will be worth more money in the future than what you paid for them.

I prefer the first option because it guarantees 💵 coming to you.

The second option is good for for diversity and potential gains.

Both are asset classes,


One gives you guaranteed income and the other makes you wait in hopes someone will be willing to pay more for it at a later date.

Some examples of each:

1️⃣ Things that pay you money:

✔️ Dividend paying stocks
✔️ Interest paying accounts (bonds, notes/loans, high yield accounts, etc.)
✔️ Rental properties or vehicles
✔️ Business ownership

Read 6 tweets
10 Oct 20
Money lessons are as old as the Bible —

Written as far back as 1200 B.C. to the first century A.D.

With an estimated 5 billion copies sold.

And yet, as you’ll see, all these lessons are STILL ignored.

So what does the Good Book say about money?

“For the love of money is a root of all kinds of evil.”

Timothy 6:10

This one is BIG. But often misunderstood.

It’s not a danger to be good with money or to master it.

Merely, falling in love with it is the trouble.

We’ve all seen the evil rich guy. Don’t be him.

“Dishonest money dwindles away, but whoever gathers money little by little makes it grow.”

Proverbs 13:11

Quick to rich and quicker to broke.

Don’t chase after one big win with all your money. Instead aim for consistent gain with discipline.

Read 11 tweets

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