15 terrible pieces of financial advice that are keeping you poor.

1: You can't get rich working a 9 to 5.

I'm proof-positive that's a lie.

With proper money management skills, your 9-to-5 CAN MAKE YOU RICH.

It happens all the time.
2: Follow your passion.

That’s terrible advice.

Your passion won’t pay your bills, your strengths will.

Pursue a career that aligns with your strengths.

Maximize your earning potential.
3: Save 10% and you'll be set.

On so many levels, this is nonsensical.

▫ Life spans are expanding
▫ Taxation on the rise
▫ Jobs are changing
▫ Inflation

10% may not cut it.

Fund your 401(k) and Roth IRA.
Build an emergency fund.

Your future will thank you.
4: Watching Netflix will make you poor.

Watching Netflix isn't the issue.

It's a lack of motivation.

An unmotivated person who cancels Netflix will replace it with another distraction.

You aren’t a lazy bastard if you watch Netflix.

Just keep it in moderation.
5: You only live once.

In other words, "Spend your cash on temporary happiness crap".

How about this: You only live once. Achieve FI and do whatever the fuck you want.

That sounds much better to me.
6: Never use a credit card.

Using a credit card responsibly is one of the best ways to maximize your dollar.


▫ Points
▫ Build credit
▫ Fraud protection
▫ Acquire airline miles
▫ Warranties on purchase

Let credit work for you.
7: Renting is throwing your money away.

Homeownership is MUCH more expensive than people realize.

▫ Taxes
▫ Interest
▫ Maintenance
▫ Repairs
▫ Opportunity cost

Renting gives you options that homeownership doesn't.
8: You gotta hustle 24/7.

This awful advice traps people into a life of burnout.

Your rest and relaxation time is required to hustle.

It's healthy.

Without rest, there's no hustle.
9: There is no such thing as good debt.


Smart debts pay off.

▫ Student loans
▫ Business loans
▫ Home equity loans
▫ Mortgages (sometimes)

"All debt is bad" is elementary school thinking.
10: Crypto is the future.

Nobody knows that. Not you. Not me.

Never take advice from people who believe they can predict the future.

11: College is useless.

College graduates earn more than non-grads.

Them's the facts.

Exceptions apply but never count on being an exception.

Don't allow people to talk you out of a smart career foundation.
12: Read 5,000 books a year.

Reading is overrated.
Doing is underrated.

The marketplace does not care how many books you've read.

It cares about what you can do.

Stop stacking knowledge and start gaining experience.
13: Your credit score doesn't matter.

It does. A good credit score means things are cheaper.

What types of things?

▫ Car loans
▫ Mortgages
▫ Business loans
▫ Insurance rates
▫ Security deposits

And, don't forget: Employers/landlords can check your credit.
14. Don't worry about saving, just earn more.

This is a fallacy.

The more you earn, the worse your spending problem gets.

You will NEVER be able to out-earn destructive spending habits.

15. Investing is gambling.

With gambling, your odds are not good.

Investments, however, have a clear and direct history of making a LOT of people filthy rich.

▫ Not your salary
▫ Not your savings
▫ Not your upbringing

Your investments.
Like this thread?

These threads take a lot of time to write. RT the first tweet in this thread to help more people see it. It helps them and it also helps me.

Appreciate it!
You can be wealthier than you ever imagined.

My 5-week email Bootcamp will make you money smart by teaching you how to think about money in a crazy, but lucrative, new way.

100% free.
100% online.


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A lot of millionaires are ultra-focused in the morning.

They're taking care of business before everyone else gets up and starts muddling their way through the day.

Most millionaires don't get up at the crack of noon.
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▫ Show up
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All you need to do is take them.
2. Risk builds wealth.

▫ Real estate
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▫ A new job
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To build wealth, put your money at risk.
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++ THREAD ++
1: We ignored the hate.

Funny how people dish hate when you're living a purposeful life.

You're not drowning in debt, buying a boat, going on pricey vacations.

You're living your life. Building wealth.

Those hateful people are still working today.
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We knew where every dollar was going.

Using spreadsheets, we had complete visibility over everything, and it made saving money uber simple.

Track your spending.
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