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Brian Feroldi Profile picture
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19 Jun, 26 tweets, 11 min read
I asked, “What are your favorite hacks for saving money?”

I received 816 replies

Here are 20 great ways to save more (that actually work):
1/ @bala_matangi says start with you WHY

Then focus on the HOW

Then, make it EASY

Great advice!

2/ @chad5189 says to focus on the big stuff

I agree!

3/ @carlosdcf says utilize public transpiration

Not always possible, but a win if you can do it

4/ @Mynt_Life says makes it harder to shop

Adding friction to the process is a great idea

5/ @GoKyleGo saves money by working out with hit kids (literally)

No gym bill + extra family time. Win-win!

6/ @OldBull58322044 doubles the cost of his treats

Great idea!

7/ @JoshuaBolitho1 says he always adopts new hobbies slowly

This minimizes big, unused purchases

8/ @DJeffreySmith says he invests raises right away

A painless way to save more

9/ @Son_of_Swans asks “is it worth it”

So simple, so powerful

10/ @ecom_bizbrain Pay yourself first

And I’ll add — make it automatic

(I learned this from the same book)

11/ @GrantHorejsi says to find your enough and save the rest

Great advice

12/ @ExpiredJournal says brown bag it

Tried and true

13/ @RunnymedeCap says negotiate!

This is something I suck at, but the long-term savings can really add up

14/ @AnteaterPhil Same fun, lower costs

There are lots of ways to do the same activity, but cheaper

15/ @ConwaySimon says drive it longer

Transport is a category that is primed for cost-savings

16/ @pascaltacular always has a built-in delay

(Cool down periods work great for buying stocks, too!)

17/ @chrispantages has a clever way to use gift cards

Never thought of this!

18/ @jmoberggbg “invests” in his tax return

You can’t spend it if you don’t get it

Once you get it back, invest it!

19/ @Slovamente on having an HONEST budget!

Don’t be unrealistic

I guarantee you’ll find wasteful spending that can be eliminated. Then invest it!

20/ I’ll add this classic @morganhousel article on how to save BIG money on education

fool.com/investing/gene…
Saving money is important, but make sure you use those savings to build wealth

▪️ Pay down debt
▪️ Build emergency fund
▪️ Buy assets

Just make sure they don't get wasted
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Summary:

1: Find your WHY
2: Focus on the big stuff
3: Public transport
4: Home haircut
5: Workout at home
6: Double treat costs
7: Slow hobby spend
8: Bank raises
9: “Is it worth it”?
10: Pay yourself first
11: Find your enough
12: Brown bag it
13: Negotiate
14: Cheaper alternatives
15: Drive longer
16: Delay purchases
17: Gift cards -> subscriptions
18: Boost tax return
19: Honest budget
20: cheap college

• • •

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More from @BrianFeroldi

Brian Feroldi Profile picture
18 Jun
📗Book Update📗

Copyediting is almost done🥳

Up next is picking the book's subtitle

This is where I need YOUR HELP

Here are the 5 choices:👇
The book title is "Why Does The Stock Market Go Up?"

It's aimed at people who are starting with NO knowledge stock market knowledge at all

If you are a seasoned investor, please pick the subtitle that would have appealed to you when you were a novice
Option 1:

Why Does The Stock Market Go Up?

Everything You Should Have Been Taught About The Stock Market In School, But Weren’t
Read 10 tweets
Brian Feroldi Profile picture
14 Jun
High-return, low-risk stocks do exist

But many of them don't grab financial headlines

Here are 10 high-return, low-risk stocks (that most investors ignore):
What do I mean by “high-return”?

These stocks have CRUSHED the market:

📈Since IPO
📈Over the last 5 Years

They are all long-term winners that keep on winning
What do I mean by “low-risk”?

A combination of:

✅Financially Strong
✅Profitable
✅Consistent Organic Growth
✅High Returns On Capital
✅Wide moat
✅Great Management
✅Recurring Revenue
✅Diversified Customers/Suppliers
✅Low Disruption/Dilution/Volatility
Read 17 tweets
Brian Feroldi Profile picture
11 Jun
To find great stocks, follow great stock pickers

Here are 5 AMAZING stocks pickers that are underfollowed:

(Find out 👇 how to follow their stock picks for FREE)
How do I know these are great stock pickers?

Answer: They have all picked stocks publicly for years on Motley Fool CAPS and have amazing track records

They are all in the top 0.2% of 60,000+ investors
Before I show you their results, you need a baseline

Only 36% of stocks BEAT the stock market's returns

So, an “accuracy” rate of over 40% is good

Over 50% is GREAT

These stock pickers have accuracy rates of 68%+ (!!!)
Read 19 tweets
Brian Feroldi Profile picture
6 Jun
To get better at investing, study great investors

I recently read through @chamath's account to learn more about his investing process & principles

Here are 12 key lessons that will make you a better investor:
1/ Write a 1-page summary BEFORE you invest

I love this idea. I already do it with my checklist & journal, but I love the idea of writing a 1-page paper too

Writing forces you to slow down & think things through

Start doing it!

2/ Zoom out to find the big problems

Chamath zoom's out to find the biggest problems in the world, then zoom's in to find companies that can solve those problems

Big problem = Big opportunity

Read 16 tweets
Brian Feroldi Profile picture
4 Jun
Which stock should @TMFStoffel and I research from scratch?
Not gonna lie -- a part of me wants to do $GME and $AMC as a public service announcement...
.@TMFStoffel maybe we should do 2 episodes of "is it anti-fragile" on these two stocks
Read 4 tweets
Brian Feroldi Profile picture
29 May
Word-of-mouth is the most important marketing BY FAR

Which companies get the most FREE advertising?

I asked my followers to share a company that they regularly promote to their friends

I received 686 GREAT answers, some of which surprised me

Here are the top 15 companies:
15: LuluLemon $LULU

I do yoga weekly and I see this brand everywhere
14: Instacart

I’ve never tried Instacart, but it was a popular answer

I can't wait until they come public so I can look at the numbers
Read 20 tweets

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