5 Awful Money Tips Boomers Give
That Will Make Millennials Go Broke
(Trigger Warning)
-THREAD-
That Will Make Millennials Go Broke
(Trigger Warning)
-THREAD-
$1 in 1950 is worth $11.17 today.
The world has changed.
Advice needs to adapt to this change.
Avoid these outdated mistakes...
The world has changed.
Advice needs to adapt to this change.
Avoid these outdated mistakes...
1. "Don't Buy $4 Coffees"
You're not paying $4 for a coffee.
You're paying for an environment that:
• Helps you focus
• Keeps you accountable
• Frees you from distraction
You'll make your money multiple times over because of this.
The coffee is just a bonus.
You're not paying $4 for a coffee.
You're paying for an environment that:
• Helps you focus
• Keeps you accountable
• Frees you from distraction
You'll make your money multiple times over because of this.
The coffee is just a bonus.
2. "Get a Degree"
27% of college grads have jobs related to their major.
Why get into crippling debt for an outdated education? (excluding doctors, etc.)
Google is the new library.
Youtube is the new classroom.
Twitter users are the new students.
Knowledge is a click away.
27% of college grads have jobs related to their major.
Why get into crippling debt for an outdated education? (excluding doctors, etc.)
Google is the new library.
Youtube is the new classroom.
Twitter users are the new students.
Knowledge is a click away.
3. "Follow Your Passion and Money Will Follow"
You can be the most passionate person in the world for basketball.
If you're 5 foot 1, you're not making it to the NBA.
Interest + a skill + market demand
= a rewarding career
You can be the most passionate person in the world for basketball.
If you're 5 foot 1, you're not making it to the NBA.
Interest + a skill + market demand
= a rewarding career
4. "Crypto is a Scam"
• Universities are MLM's
• Unlimited money printing is a con
• The national debt handed down to us is a ponzi
The real scam is the system we've inherited.
• Universities are MLM's
• Unlimited money printing is a con
• The national debt handed down to us is a ponzi
The real scam is the system we've inherited.
5. "Wake up Early if You Want to Be Successful"
Waking up at 5am won't make you productive.
Getting 8 hours of sleep will.
Focus on quality sleep and you'll produce quality work.
Waking up at 5am won't make you productive.
Getting 8 hours of sleep will.
Focus on quality sleep and you'll produce quality work.
To Summarize:
1. "Don't Buy $4 Coffees"
2. "Get a Degree"
3. "Follow Your Passion and Money Will Follow"
4. "Crypto is a Scam"
5. "Wake up Early if You Want to Be Successful"
At the end of the day, do what works for you.
1. "Don't Buy $4 Coffees"
2. "Get a Degree"
3. "Follow Your Passion and Money Will Follow"
4. "Crypto is a Scam"
5. "Wake up Early if You Want to Be Successful"
At the end of the day, do what works for you.
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