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Andrew talks Money, Investing, Stocks & Crypto

@FluentInFinance

Sep 24

Teaching children to invest should be part of parenting because schools won't do it!

Here are 15 things you need to teach your children about investing ASAP:

1. Become a millionaire, the lazy way:

1) Invest $11 a day into a S&P 500 index fund
2) Wait & let compound interest do all the work
3) In 30 years you should have ~$1,002,208

Historically, the S&P 500 returned about 11% per year, on average, over the last 96 years, since 1926

2. Money is a tool, so instead of wasting your hard-earned money on drinking, material things or unhealthy foods,

Use your money wisely to invest in income generating assets or appreciating assets like great stocks or real estate!

Read 16 tweets

Andrew talks Money, Investing, Stocks & Crypto

@FluentInFinance

Sep 23

The wealthy invest in these 4 assets:

- Stocks
- Real estate
- Businesses
- Self education/ Self improvement

How many do you invest in?
Let's discuss each in detail. This thread will teach you how to grow your money & build wealth:

Consider buying real estate with a bank's money & let tenants pay it off

The leverage you have by putting down 3.5% as a first-time homeowner gives you control of a $300,000 asset with $10,500

It can:
-increase income with cash flow
-increase net worth by appreciating in value

3 reasons why I love real estate:

- Cashflow
- Appreciation
- Tax benefits

Money is a tool which can be used to build wealth. When you rent, your money is solely being used to provide shelter. However, owning provides numerous benefits in addition to just providing shelter.

Read 15 tweets

Andrew talks Money, Investing, Stocks & Crypto

@FluentInFinance

Sep 22

Investors in 10 years: "I wish I invested in the 2022 market drop"

Here are 10 things I wish I knew 10 years ago, read this to be a better investor:

1. Bear markets can seem like the end of the world but remember, every crash has been followed by a rally.

If it’s just a market crash, things will bounce back. If it truly is the end of everything, money will be worthless.

Market crashes have taught me to keep buying.

2. Many reference Japan's market crash which hasn't recovered decades later, and that the U.S. will be no different!

But, the U.S. P/E ratio is ~20 & Japan's was ~60, 3x worse.

The USD is also the World reserve currency, which plays a big part in the recovery of our economy!

Read 12 tweets

Andrew talks Money, Investing, Stocks & Crypto

@FluentInFinance

Sep 21

BEWARE OF THIS MONEY SCAM on Venmo, Cashapp, Paypal and Zelle!

The most common money scam is the "$1,000 scam". This is how it works:

1. You receive a notification that your account has been credited $1,000

2. You check your account and there’s the $1,000 sitting there

3. You then receive a message from a scammer that they have credited the wrong account and ask you to return the money

4. The original credit to you however is made from a stolen or cloned credit card which will eventually be disputed and reversed

5. The scammer now has your $1,000 and you're left with nothing

Read 4 tweets

Andrew talks Money, Investing, Stocks & Crypto

@FluentInFinance

Sep 21

Make YOUR child a millionaire by 25:

- Invest $150/week into an S&P 500 index fund when they're born & do nothing more

- By the age of 25 this should grow to over $1 million due to compound interest

*based on an ~11% return, after the S&P 500's historical average over 96 years

Think of compound interest as "interest earned on interest”.

Compounding is one of the greatest tools in wealth creation, and the earlier you start investing, the better.

You can get over $1.3 million, from investing $100 a week, for 20 years, assuming a 10% return.

And over 90% of that balance is from doing nothing, it's from compound interest!

Invest consistently, and invest long-term!

Read 7 tweets

Andrew talks Money, Investing, Stocks & Crypto

@FluentInFinance

Sep 20

Investing your money is the key to building wealth, not saving it

-$100,000 in a bank account only earns ~$100 per year

-$100,000 invested in an S&P 500 index fund can earn over $10,000 per year

You can't "save" your way to wealth, you must invest

Let's discuss this in depth:

Over the last 96 years, the S&P 500 has returned ~11% per year, on average!

If you invest $10,000 in the S&P 500 & contribute $10,000 a year for 20 years, you would have invested only $210,000 cash, but that cash would grow to $794,000 due to compound interest!

Index funds have been a great way to build wealth for many, and even Warren Buffett recommends that the everyday person invests in an S&P 500 Index Fund instead of picking individual stocks.

Read 9 tweets

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Andrew talks Money, Investing, Stocks & Crypto

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