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Andrew Lokenauth

@FluentInFinance

Dec 23

10 Christmas Gift ideas under $10 (to make you better with money)

🧵 I've read 1,000+ books and these 10 make the perfect gift:

One Up On Wall Street by Peter Lynch:

Practical advice on how to pick winning stocks, from one of the most successful mutual fund managers of all time. This book covers topics such as stock market trends, company analysis, and risk management amzn.to/3YvX3K5

A Random Walk Down Wall St by Burton Malkiel

Discusses the principles of the stock market & introduces efficient market hypothesis (stock prices reflect all available information & it's impossible to outperform markets by stock picking or market timing) amzn.to/3BJZZcg

Read 14 tweets

Andrew Lokenauth

@FluentInFinance

Dec 23

My Top 12 Tips to Save Money:

1) Cut unnecessary expenses:

Look for areas where you can cut back on expenses, such as dining out, subscription services, or non-essential purchases.

2) Negotiate bills:

2) Negotiate bills:

Consider negotiating with your service providers (e.g. cable, internet, cell phone) to lower your monthly bills.

3) Create a budget:

Create a budget and track your spending to identify areas where you can cut back and save more.

4) Increase your income:

4) Increase your income:

Look for ways to increase your income, such as taking on additional work or starting a side hustle.

5) Cancel or downgrade non-essential subscriptions:

Review your subscriptions and consider canceling or downgrading those that you don't use or need.

Read 8 tweets

Andrew Lokenauth

@FluentInFinance

Dec 22

The most powerful books on success and entrepreneurship:

• Good to Great
• The Power of Habit
• The Compound Effect
• The Lean Six Sigma Pocket Toolbook
• The 7 Habits of Highly Effective People

🧵Here is a quick summary of each book👇🏼👇🏽👇🏾

"The 7 Habits of Highly Effective People" by Stephen R. Covey:

Focuses on personal effectiveness and presents a framework for developing good habits that help individuals achieve goals. The seven habits include being proactive, setting priorities, and seeking win-win situations.

"Good to Great" by Jim Collins:

Examines the characteristics and strategies of companies that have transitioned from good to great performance.

It identifies key concepts such as getting the right people on the bus, setting the right goals, and creating a culture of discipline.

Read 6 tweets

Andrew Lokenauth

@FluentInFinance

Dec 22

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

Teaching kids to invest will set them up for financial success & empower them to make better financial decisions throughout life.

🧵10 ways to teach kids investing:

1) Set up a mock stock portfolio, so kids can "invest" in real companies and track the performance of their investments.

This is an engaging way for kids to learn about investing and a great way for parents to help kids understand the concepts of buying low and selling high.

2) Read age-appropriate books about investing to kids.

There are many children's books that help kids understand the principles of investing and how the stock market works.

Reading books together is a great way to spark conversations about investing and help kids learn.

Read 13 tweets

Andrew Lokenauth

@FluentInFinance

Dec 22

Credit Cards vs. Debit Cards:

Credit cards are a good choice for those who need access to a flexible line of credit and who can pay off their balance in full each month.

Credit cards are a good choice for those who want to build or improve their credit scores.

Debit cards are a good choice for those who want to avoid debt and who prefer to use only the funds they have available in their bank account.

4 important distinctions between credit cards and debit cards are:

Fraud protection:

Fraud protection:

Credit cards offer more fraud protection than debit cards, as the borrower is not liable for unauthorized charges on their card.

Debit cards offer less protection against fraud, as the funds are taken directly from the borrower's bank account.

Credit score:

Read 6 tweets

Andrew Lokenauth

@FluentInFinance

Dec 21

Tesla will continue to thrive in the coming years.

Tesla has remained a leader in the EV market and has continued to innovate and expand its product line.

$TSLA launched several successful EV models, including the Model S, Model 3, and Model Y, and has also entered into the

renewable energy market with products such as solar panels and home battery systems.

The demand for electric vehicles will continue to grow, driven by climate change and air pollution problems, and as governments and businesses adopt policies and initiatives to encourage the

use of cleaner transportation options.

Tesla will continue to thrive.

Read 4 tweets

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