Cori Arnold Profile picture
Aug 25 5 tweets 1 min read Read on X
To become a millionaire,
you don't need to be popular
you don't need to be overly smart
you don't need to come from wealth.

You simply need these 4 traits:
Consistency

Nothing happens over night.
Nothing happens with one intense burst of energy.

Big things happen over time when you work in the same direction.
Patience

Get-rich-quick schemes never work.

Don't jump into something because someone is promising you big returns.

Go slow.
Be the tortoise.
Create a plan and execute it.
Action

Nothing happens without action.

You don't need much talent, but you must give much effort.
Discipline

It's time to stop living off of dopamine and make adult choices.

What seems pleasurable in the moment likely won't get you where you want to go.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Cori Arnold

Cori Arnold Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

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

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @iamcoriarnold

Aug 13
My 401k is my biggest single asset:

2010-2016 = $119.5k
2017 = $182.1k
2018 = $210.1k
2019 = $312.0k
2020 = $422.1k
2021 = $568.9k
2022 = $498.5k
2023 = $661.1k
2024 = $861.3k
2025 = $943.7k

Below are 5 keys to growing it to almost $1m:
1. Always get the full employer match

The S&P 500 has averaged 10-12% annually.

Your employer's match is a 100% return - instantly.

Nothing beats it.

$180k of my balance is from my employer's match
2. Be consistent

When you start with your company, contribute at least enough to get the full match and don't turn it off.

You won't miss the money if you start this immediately when you get hired.
Read 7 tweets
Jul 22
ETF's are the easiest way to invest.

1. open a brokerage account
2. contribute consistently
3. buy your favorite ETF's no matter what the market is doing

Here are my 5 favorite ETF's:
$VOO Image
$QQQ Image
Read 6 tweets
Jun 29
It's never too late to start.

If you missed your 20's, it's okay.

At 31 years old:
- I was broke
- I had $260k of debt
- I had a negative net worth of $99k

Below is how to turn your money beliefs upside down:
1. Don't let your perspective limit you

Do you believe:
- everyone has a car loan
- you'll have a car payment the rest of your life
- people like you aren't good with money
- all millionaires inherited their money

If you believe any of these, it's time to see things differently
2. Don't let your social circle limit you

Do your friends believe the above?

Do your conversations end with blaming others?

Are your conversations primarily negative?

It's time to find a new circle of friends
Read 6 tweets
Jun 5
The Roth IRA is the best account you can have:

- grow your money tax free
- take advantage of compounding

Below are 5 things you need to know about Roth IRA's:
1. You withdraw your money without taxes

You will pay tax on the money you put into your Roth IRA, however, every dollar of growth is tax free.

That means when you pull this out in retirement, you won't pay taxes on any of these funds, unlike Traditional accounts.
2. You can withdraw your contributions anytime without penalty

Some people use their Roth IRA's as emergency funds, because you can withdraw the funds you've put into the account at any time without taxes or penalties.
Read 6 tweets
May 19
The stock market is one of the best tools to grow your wealth.

Below are 5 stock strategies to get wealthy:
1. Index funds

I recommend index funds for all beginner investors as well as certain retirement accounts.

Index funds:
- are simple to understand
- are easy to invest in
- save you time

Pick an index fund like $VOO or $VTI, and invest a specific amount of money each paycheck.
2. Dividend-paying stocks

Dividends are one of the purest forms of passive income.

How?
- research dividend funds or stocks
- buy those funds and stocks
- receive dividends

Your goal is to buy as many shares as you can and find the right mix of funds and stocks. Image
Read 7 tweets
Apr 1
Age 45: Suze Orman published her first book.
Age 48: Julia Child published her first book.
Age 65: Colonel Sanders franchised KFC.

No matter where you are today, it's not too late to start.

Below is your blueprint to get started:
1. Own up to where you are today

You may have made some bad choices in the past, but now you're aware they were bad choices.

By taking responsibility, you get to start making progress.
2. Face your fears

You've been avoiding those statements and your online accounts.

You have an estimated number in your head, but you don't really want to know, because you think it's worse.

The key to beating fear is action.

Find those statements and look at your accounts.
Read 7 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(