Sharing how to Invest & Pay off Debt. $260k Debt to Millionaire in 10 years. (**PSA: beware of imposters**)
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Jun 29 • 6 tweets • 2 min read
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
Jun 5 • 6 tweets • 1 min read
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.
May 19 • 7 tweets • 2 min read
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.
Apr 1 • 7 tweets • 2 min read
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.
Mar 31 • 5 tweets • 1 min read
Just finished reading "The 5am Club" by Robin Sharma.
"Own your morning, elevate your life" is the message.
Below is the 20/20/20 formula to start owning your mornings and your life:
Wake up at 5am everyday
You get the first hour of your day
No distractions
No one else
1. Move 2. Reflect 3. Grow
Mar 26 • 4 tweets • 1 min read
Why does the tortoise always beat the hare?
It's not:
- speed
- agility
- intelligence
It's focus
Below is Warren Buffet's strategy to improve your focus:
1. List out your top 25 goals
These goals should include:
- family
- finances
- health
- career
- spiritual
- etc
Any goals related to any aspect of your life
Mar 16 • 8 tweets • 2 min read
Multiple streams of income:
- grow your wealth faster
- reduce your dependency on one
- give you more freedom & flexibility
I currently have 7 income streams.
See below for more details:
1. Dividends
Dividends are by far my favorite income stream.
They are easy to set up: 1. Research stocks and funds 2. Open a discount brokerage account 3. Buy your favorite stocks and funds 4. DCA 5. Live your life and be patient
They are simple and completely passive.
Mar 2 • 6 tweets • 1 min read
The book "Think and Grow Rich" by Napoleon Hill changed my life.
I went from shy and quiet to presenting to hundreds and speaking in front of thousands.
Below are 5 life-altering lessons from the book:
1. Thoughts are things
Your thoughts, even though they are intangible, have tangible impacts.
Everything you accomplish starts as a thought.
Change your thoughts, and you'll change your results.
Feb 7 • 6 tweets • 2 min read
I've been investing in the stock market for two decades.
If I had my first $1,000 to invest, here's exactly what I would do:
1. Do it yourself
You have a choice to invest on your own or find a financial advisor.
Investing doesn't have to be complicated.
Find a large discount brokerage and open an account.
- Fidelity, Vanguard, Robinhood, Public, etc
