Tweet

This Thread may be Removed Anytime!

Twitter may remove this content at anytime! Save it as PDF for later use!

More from @ChroniclesNate

Chronicles of Nate™️

@ChroniclesNate

2 Mar

Have you ever learned about Average Rate of Return vs Actual Rate of Return?

Most financial planners will never bring this up

Let’s say I invest $100K into the market in a growth stock fund that does 100% the first year. Sweet I have $200K

Year 2 the market drops 50% dropping me back to $100K

Year 3 is another incredible return year of 100% getting me back to $200K again

Year 4 I experience another 50% drop bringing my money back to my original $100K

The AVERAGE Rate of Return is 25%.

Did I make 25%?

No, I still have the original $100K which has brought no value to my life and tied my money up for 4 years plus has been eroded by inflation, fund fees, and missed opportunity cost.

These are things you need to learn and consider when blindly throwing money into mutual funds

Read 5 tweets

Chronicles of Nate™️

@ChroniclesNate

11 Feb

20 of my favorite Jim Rohn quotes:

[Thread]

Don’t wish it was easier, wish you were better

Don’t wish for less problems, wish for more skills

Don’t wish for less challenges, wish for more wisdom

~Jim Rohn~

If you don’t design your own life plan, chances are you’ll fall into someone else’s plan

And guess what they have planned for you?

Not much

~Jim Rohn~

Read 22 tweets

Chronicles of Nate™️

@ChroniclesNate

8 Feb

YOU N
⊂_ヽ E
　＼＼E D T O
　　＼( ͡° ͜ʖ ͡°) B
　　　 >　⌒ヽ E
　　　/ 　へ＼ T
　　 /　　/　＼＼ H E
　　ﾚ　ノ　　ヽ_つ B A N K $$$
　　/　/
　 /　/|
　(　(ヽ.
　|　|、＼
　| 丿＼ ⌒)
　| |　　) /
ノ )　　Lﾉ
(_／

How do you (Be The Bank) ?

I’ll teach you:

👉 bit.ly/HolyShiftTwitt…

This will give you an idea

Read 4 tweets

Chronicles of Nate™️

@ChroniclesNate

23 Jan

25 Uncomfortable Truths About Money.

Thread:

Contrary to what the media says,

It's ok to be rich.

Saving more money won't save you.

Making more money will.

Read 26 tweets

Chronicles of Nate™️

@ChroniclesNate

20 Nov 20

25 Uncomfortable Truths About Money.

Quick thread:
--
Contrary to what the media says,
It's ok to be rich.
--
Saving more money won't save you.
Making more money will.
--
The vaults inside banks are not for your money.
They're for the money they make from your money.
--

Banks give you money at 0.5% interest and lend it at 5-25% interest. You're being flipped for profit.
--
You don't want money.
You want the peace that comes from not having to worry about it.
--
Hating on money makers is the exact reason why you don't become one.

--

You don't need to be a genius to be rich.
You just need to be open minded.
--
If college professors knew about proper financial education, they wouldn't be college professors.
--
"Capitalism is the unequal distribution of wealth.
Socialism is the equal distribution of misery."

Read 13 tweets

Chronicles of Nate™️

@ChroniclesNate

18 Nov 20

Here’s why what you think you know about interest; just isn’t so:

Interest RATES don’t matter as much as the VOLUME of interest you pay

Typical American stays in a home around 5 years before relocating for various reasons

[ THREAD]

Interest is front loaded on loans which means if you clear the calculator every 5 years you’re paying 50-80% in interest alone!

This lack of education and knowledge is why the average American in their lifetime will pay roughly 34.5% of every dollar they make to interest alone!

That 34.5% is what we call a headwind

If the average American is (generously) saving 10% but they are paying 34.5% in interest are they ever going to get ahead?

THIS is the interest myth and why most never achieve their financial goals

Retweet if you learned something 🙏

Read 4 tweets

Share this page!

Chronicles of Nate™️

Try unrolling a thread yourself!

More from @ChroniclesNate

Chronicles of Nate™️

Chronicles of Nate™️

Chronicles of Nate™️

Chronicles of Nate™️

Chronicles of Nate™️

Chronicles of Nate™️

Did Thread Reader help you today?

Like this author's thread?