Saving money is something you can get better at it the more you do it.

Eventually, you can save money without having to think much about it at all.

Here’s 5 tricks I’ve used to consistently save 50%+ of my income a month: Number 1

Write it all down. In the beginning you need to understand what you spend and why. How often. On what. That means you need money data.

When I started this I’d carry a pen and small notebook with me and I’d write the date, what I bought, and how much I spent

Here are 5 quick ways to hack your mindset so you’ll spend less and save more #1: Put a ‘time roadblock’ in front of your spending

I always wait a few days before buying anything new (that’s a want vs need)

Often after a few days, I don’t even want it anymore

Mr. Money Mustache calls this putting stuff in the spending machine to slow it down

The Dogs of the Dow is a high yield dividend technique that most investors don’t know about

Its outperformed the stock market in some years, and can be a great way to find high yield dividend stocks

I’ll walk you thru the steps here \\thread\\ At the beginning of the year, the investor picks out the 10 highest yielding stocks on the Dow Jones Industrial Average and invests an equal amount into each

Highest yield refers to the stocks yearly dividend payout percentage compared to its share price

I just finished reading The Wealthy Barber by David Chilton 💈

It was one of the best overall financial education books I’ve ever read

The barber, Roy, cuts hair while he gives customers life changing money knowledge

Here are 10 epic quotes from the book \\thread\\ “A dollar saved is two dollars earned.” 💈

People overlook how much taxes impact earned income

They’ll do almost anything to earn extra money, but rarely look at saving with the same excitement

Yet, when you control for taxes, saving money is like a double raise + no work

50% of my investing portfolio is in index funds/ETFs

This gives me a diversified base to invest from, so worst case I will still have those if my other investments fail

Here are my Top 5 ETFs: $VTI

THIS is the fund. If I held just one, it’d be this one. It’s vanguards Total US stock market fund.

Owning shares of these mean I own small pieces of every publicly traded company in the United States.

This is a great long term hold with growth and a small dividend.

Capital appreciation is great, but cash flow is better.

The best investments pay you money to hold them.

Think dividends, rental income, royalties, business profits, interest.

//THREAD// We live in a unique market, where seemingly everything continues to go up.

Because of this, growth is prioritized over income.

But people who have been investing longer than a decade or so understand growth is never guaranteed.

Markets move up, sideways, and sometimes down.

What is good debt?

There are 3 ways you can leverage your assets to borrow against them:

🏠 Borrow against your property
📰 Borrow against your life insurance
📈 Borrow against your stock holdings

Why would you do it?

All three provide opportunities you can’t get elsewhere 👇🏻 Im not big on owing someone something. But I can’t ignore math.

I decided to finally try one: borrowing against my stock holdings.

This debt is good debt because you have the collateral, and can leverage a great interest rate because of that for further gain. 👇🏻

If you have your heart set on financial freedom, but all you do is plan out ways to spend your money,

I promise you that your goals and actions are not aligned.

Home deco, wardrobe updates, landscaping, hobbies, etc. all provide opportunities to to spend IF you let them. At some point you have to make a choice to STOP.

For me, it was such a strong choice that I actually had to talk myself into spending.

Before it was the opposite.

It was an argument not to spend. Then it became an argument to spend when I noticed myself being too cheap.

I have a confession:

I do NOT own a home. I’m renting.

A few reasons:

☝️I think the market is high
☝️Renting allows me flexibility
☝️Renting takes away pressure while looking for a property I really want
☝️I think the market is high (worth saying 2X)

*//thread//* A few facts scare me about the housing market.

• There are currently more realtors than homes on the market
• Foreclosures and properties are being held off the market due to mortgage/rent relief
• Home prices were rising as high as 13%+ a year from bidding wars

⬇️

5 money moves that will take you from broke nobody to rich somebody in 7 years (or less) 👊🏻💥

⬇️⬇️⬇️ 1.

Save $1 of every $10 you make. Start here, and as it becomes easy move to $2. Then $3, until you get to saving $5-6 of every $10 earned

This will ensure you’re consistently saving and putting more of your money to work

More money saved = more money to invest

Here are a few REITs (Real Estate Investment Trusts) that I own shares of:

$O - Div/Yield 4.6%
$STAG - Div/Yield 4.53%
$CUBE - Div/ Yield 3.7%
$NHI - Div/Yield 6.45%
$MAIN - Div/Yield 7.13%
$LAND - Div/Yield 2.89%

Each pay a nice dividend yield, with several paying monthly. As a renter, I love REITs because they provide me real estate exposure that I otherwise wouldn’t have the capital to invest in 🏡

You buy shares,

get paid dividends and capital appreciation,

and someone else has to fix the roof and toilets and collect the rent.

We discuss a lot of books on here with money knowledge —

But films 🎥 are more rare.

That doesn’t mean you can’t learn anything though.

On today’s reel, Wall Street (1987).

Get in the car —

Gordon Geeko is teaching class today.

//*thread*// This film is full of fast money and stock market pump and dumps 📈 📉

Classic insider trader moves and back restaurant deals.

But buried in there are actual real money and trading gems 💎

I’ve pulled a few out just for you (because I like you, that’s why)

👇🏻

My current yearly allocation:

▪️401k (4% company match)
▪️Roth IRA max ($6000)
▪️HSA max ($3500)
▪️Gold 5%
▪️Bitcoin 3%
▪️Remaining goes to after-tax brokerage where I split 50/50 ETFs/Individual Companies

Savings rate: 50-60% (this gives me a lot of options)

👇🏻 A few other stats:

▪️I do not use DRIP (automatic dividend reinvestment)
▪️My 401k/ROTH are set up with about a 60/40 split US/International total stock funds
▪️ETFs — I favor the lowest expense ratio option when available
▪️Favorite ETFs: $VTI, $VOO, $VXUS, $ICLN, $VGT

Spend as much of your money as you can on:

1️⃣ Things that pay you money
2️⃣ Things that will be worth more money in the future than what you paid for them.

I prefer the first option because it guarantees 💵 coming to you.

👇🏻 The second option is good for for diversity and potential gains.

Both are asset classes,

BUT

One gives you guaranteed income and the other makes you wait in hopes someone will be willing to pay more for it at a later date.

Some examples of each:

👇🏻

Money lessons are as old as the Bible —

Written as far back as 1200 B.C. to the first century A.D.

With an estimated 5 billion copies sold.

And yet, as you’ll see, all these lessons are STILL ignored.

So what does the Good Book say about money?

👇🏻 “For the love of money is a root of all kinds of evil.”

Timothy 6:10

This one is BIG. But often misunderstood.

It’s not a danger to be good with money or to master it.

Merely, falling in love with it is the trouble.

We’ve all seen the evil rich guy. Don’t be him.

👇🏻

Investment Hack 🔍 🤫

Unlock the power of an ETF (Exchange Traded Fund)

For early investors, it can be hard to figure out WHAT to buy.

You know you like a few companies, but you don’t know if together they’re a good idea.

That’s where studying ETFs come in 👇🏻 Firstly, what’s an ETF:

Like index funds, ETFs are a fund of multiple stocks. Some have 100 holdings, some less or more. But they give you good diversity matching an index or sector.

Even for experienced investors they can be a great catch-all to passively invest.

👇🏻

Do you own bonds in your portfolio?

Many don’t.

They’re boring, they don’t really grow, and they pay... almost nothing.

Let’s go through a few types of bonds — AND why I currently hold hold them (*disclaimer - not investment advice for YOU) 1️⃣ WHY?

Current savings account interest rates are low. Like REALLY low (Ally just lowered to 0.60% down from 2.25% two years ago or so).

Inflation is pegged around 2%. That means your bank is actually losing money over time.

It’s like having a hole in your wallet...

👇🏻

Are you dividend investing, or dividend chasing?

There’s a difference.

Look at:

💵 Payout ratio (is the dividend something a company can afford?)

Ideally, this is below 60%.

You want it to be a sustainable amount that still enables a company to grow profitability. Early investors tend to chase rather than invest.

Remember, if along the way towards your goal you eat all the cheese, there will be nothing left to eat when you get there

🧀 🐀

A company should pay out to shareholders only what it doesn’t require to keep its strength.

A day job is great for consistent capital for investment.

Why is consistent capital (new 💵 coming in) important, especially in times of volatility?

Because it allows you to capitalize on dips!

Even when you previously bought at market highs, getting new low entries is 🔑 For example, I bought 3M at the height right before the market corona virus crash — at around $155 a share.

After the crash, I bought more at $123 a share.

now sits at $165.

Precious Metals (Gold, Silver) have been a 🔥 topic lately with the wild US monetary policy —

Here’s a breakdown of all the ways you can invest in precious metals, as well as whether I think it’s good investment (for me).

\*thread*\ ☕️ There are generally 3️⃣ main ways to invest in precious metals:

• Physical metal (coins, stored gold, etc)
• ETFs that track the spot price of the metal (and shares are often backed by physical metal)
• Mining companies 💰 ⛏ — they dig the stuff up and sell it.

💰 *THREAD*

Why do I love dividend paying stocks so much (even growth stocks that pay a small dividend like or )?

Because they pay you for waiting around!

👇🏻 I’ve held Glu Mobile for about 5 years.

In that time it’s gone from about $3, to its current price of $7.70.

I’ve more than doubled my money (if I sold today)!

BUT I haven’t sold 👇🏻