7 mind-blowing stats about millionaires: 1. 85% of millionaires read two or more books per month

Books give knowledge, and knowledge is what allows you to create wealth.

On this path to riches, books are your mentor.

7 powerful lessons from the book The Psychology of Money 📚

//Thread// The Psychology of Money is one of the GREATEST personal finance books ever written.

This book is full of handy mental models that anyone can use to up their money game.

Let's run through a few of these ideas 👇

10 must-read books to be a successful investor: 1. The Intelligent Investor by Benjamin Graham

Lessons:

• Margin of safety is the most important part of investing
• The best time to invest is when things go down in value
• Don't let short-term volatility scare you

5 mental models from the book Rich Dad Poor Dad 📚

//Thread// Rich Dad Poor Dad is one of the most influential personal finance books ever created.

It goes over the basics of how rich people use money to:

1. Invest
2. Build wealth
3. Achieve financial freedom

All of this may seem complex, but it's simpler than you think.

Here are 6 mental models from the book The Psychology Of Money 📚

//Thread// 1. Psychologically Reasonable > Financially Rational

Personal finance is more than numbers on a spreadsheet. It's about emotions.

If a decision will keep you up at night, it probably isn't worth it.

Find the middle ground between financial math and your mindset.

Here are 3 concepts I've learned from Atomic Habits 📚

//Mini Thread// 1. The Power Of 1% 📈

Big success doesn't mean big action.
Big success means consistent action.

1% Better Each Day ~ This is all you need to improve

Here's a quote that kinda goes well with this ⏬

"Go to bed a little smarter each day."

- Warren Buffett

Budget - An estimate of income and expenditure for a set period of time

Budgets give you clarity on where your money is coming in and where it's going out 🌊

//Thread// Print out your monthly statements and figure out where your money is coming in and going out

Mark your expenses as either WANTS or NEEDS. Try to minimize the WANTS as much as possible

Takes some sacrifice but over the long-term, a budget will give you freedom 💸

Financial Freedom - When you control your finances instead of being controlled by them

Financial Freedom gives you the ability to do WHATEVER YOU WANT 😉

Let's break it down ⏬

//Thread// 1. Awareness & Organization 📄

You need to get your finances organized

Where's your money coming in? Where is it going out? The more awareness of your money the better

A budget is king for this, check out apps like @PersonalCapital and @mint 📊