Thread by @AskTheGiver

Become a Young Millionaire

These 11 wealth-building rules will make you rich by 30:

1 - Stop Trying to Impress Your Friends

An expensive car
designer clothes
and $200 dinners

ARE STOPPING YOU FROM BECOMING WEALTHY.

- Buy quality
- Buy only what you need
- Start investing the rest

In 10-15 years you’ll be able to buy whatever the hell you want

2 - Get a Better Job

Working at Taco Bell isn't helping you at ALL

- The pay is low
- The networking sucks
- You aren’t learning the right skills

There are ENTRY-level positions that offer much better opportunities

(cont..)

At 15 I worked at a high-end restaurant making more than minimum wage.

At 16 I started serving tables making $100/day

At 19 I started selling cars, made $60,000 my first year, and over $108,000 my second

*Go where the money is
*Look for opportunities

3 - Start investing early

The sooner you start investing, the sooner you’ll become a millionaire

You don’t need to make a ton of money,

And there’s no “right” way to do it

• Buy great companies
• Hold for the long term
• Invest in ETFs

Follow these guys for investment tips:

@thewealthdad
@StockDweebs
@DivCultivator
@CJ_Johnson17th
@ParrotStock
@MrFourToEight
@FI_Squirrel

These people will get you started. Go invest your first $100 after this thread.

@thewealthdad @StockDweebs @DivCultivator @CJ_Johnson17th @ParrotStock @MrFourToEight @FI_Squirrel 4 - Build Your Credit

Poor credit vs excellent credit is the difference between paying:

$200/mth for a $10,000 vehicle
or $450/mth for the same damn car

That extra $250/month over 30 years turns into $352,000

(Here's my advice...)

@thewealthdad @StockDweebs @DivCultivator @CJ_Johnson17th @ParrotStock @MrFourToEight @FI_Squirrel A.) Only use your card when you ALREADY have the money to pay it off

B.) Put gas & groceries on the card. You’ll buy these either way. Might as well build your credit.

C.) Set up auto-pay. This will allow you to never miss a payment.

I had a 770 score at 21 because of this.

@thewealthdad @StockDweebs @DivCultivator @CJ_Johnson17th @ParrotStock @MrFourToEight @FI_Squirrel 5 - Make Money on the Side

The quickest way to get a raise is to give yourself one.

- Flipping
- Affiliate Marketing
- Website Development

It doesn’t matter what it is.

It's so fucking easy to make an extra $500-$1000/month

@thewealthdad @StockDweebs @DivCultivator @CJ_Johnson17th @ParrotStock @MrFourToEight @FI_Squirrel Want to make a little money on the side?

Download my free PDF here: askthegiver.ck.page/99f8271da5

I'll show you what *everyday people* are doing to pay their bills writing just 2-3 tweets per day

@thewealthdad @StockDweebs @DivCultivator @CJ_Johnson17th @ParrotStock @MrFourToEight @FI_Squirrel Oh and by the way

That $250 you're saving with your credit score + $1000 from your side-income gives you nearly $1.8 MILLION after 30 years

But let's move on...

@thewealthdad @StockDweebs @DivCultivator @CJ_Johnson17th @ParrotStock @MrFourToEight @FI_Squirrel 6 - Connect with Wealthy People

You know how you can shortcut success?

By learning from people 10 years ahead of you

- Befriend them
- Study their habits
- Offer to work for them

(Twitter is an amazing place for this btw)

@thewealthdad @StockDweebs @DivCultivator @CJ_Johnson17th @ParrotStock @MrFourToEight @FI_Squirrel 7 - Invest in Information

- Books
- Courses
- Coaches
- Mentorships

Each of these things minimize the time it takes for you to become successful

A $150 course is NOTHING if it teaches you how to make money. Don't look at the cost. Look at what you get.

(cont...)

@thewealthdad @StockDweebs @DivCultivator @CJ_Johnson17th @ParrotStock @MrFourToEight @FI_Squirrel 8 - Ask for More

Something I learned from @SteveOnSpeed is to always push for more

- Job hop
- Demand raises
- Never settle for your current situation

Working the same job for 5+ years is stupid

Increase your salary by 100-200% every few years by job-hopping

@thewealthdad @StockDweebs @DivCultivator @CJ_Johnson17th @ParrotStock @MrFourToEight @FI_Squirrel @SteveOnSpeed I was making 6 figures at 21 because I was:

- Great at my job
- I had a good attitude
- And showed ambition

My boss WANTED me to get promoted.

Nobody cares how old you are. Be good at your job and show interest in moving up.

@thewealthdad @StockDweebs @DivCultivator @CJ_Johnson17th @ParrotStock @MrFourToEight @FI_Squirrel @SteveOnSpeed 9 - Don't rush to move out

Young people have this thing where they want to move out as soon as they turn 18 because want to be “independent”

Look,

I get that, but you could be making a huge financial mistake.

(Here’s an example...)

@thewealthdad @StockDweebs @DivCultivator @CJ_Johnson17th @ParrotStock @MrFourToEight @FI_Squirrel @SteveOnSpeed Let’s say rent is $1100/mth

$1100/mth from age 18-21 = $39,600

Live with your parents for a few years and stack that money away.

How many 21yr olds do you know with over $40,000 in their account?

Wait until you have MORE than enough cash flow to move out.

@thewealthdad @StockDweebs @DivCultivator @CJ_Johnson17th @ParrotStock @MrFourToEight @FI_Squirrel @SteveOnSpeed 10 - Don't buy "too much house"

You know one of the biggest mistakes 90% of people make?

- They're approved for up to a $250,000 house and they GET a $250,000 house.

Just because you get approved for an amount doesn’t mean you need to spend that amount

(NEXT...)

@thewealthdad @StockDweebs @DivCultivator @CJ_Johnson17th @ParrotStock @MrFourToEight @FI_Squirrel @SteveOnSpeed 11 - Be Patient

A.) Focus on building winning habits

B.) Be consistent with your investments

C.) Have a long-term mindset

You can become a millionaire by 30.

You can become a millionaire by 25.

Just follow everything I’ve said in this thread, and stick to it.

@thewealthdad @StockDweebs @DivCultivator @CJ_Johnson17th @ParrotStock @MrFourToEight @FI_Squirrel @SteveOnSpeed I wish you luck in your wealth-building journey.

I'm a firm believer that anyone can become wealthy if they follow the right path.

Thank you so much for reading

Much love,

- TG ❤️

@thewealthdad @StockDweebs @DivCultivator @CJ_Johnson17th @ParrotStock @MrFourToEight @FI_Squirrel @SteveOnSpeed Oh..

And don't forget to download your free Twitter guide here: askthegiver.ck.page/99f8271da5

(How Everyday People are Paying their bills Writing just 2-3 Tweets per day)

Thanks again!