I spoke to someone who was given a trust at 18 years old worth $800,000. That trust is now worth $1 million…

…27 years later

It should be worth over $6 million. WHERE IS THE MISSING $5 MILLION?

I finally found out After the show, I asked Kate to send me everything: every statement, every advisor report. She had lost a lot of the documents, as most people do

Her memories were also foggy. For example, she told me that she withdrew $36,000 a year from the trust for a few years while she was in grad school, plus about $15,000 for medical expenses. She estimated about $200,000 in withdrawals. 

The documents actually show Kate withdrew a total of $461,945 -- MORE THAN DOUBLE WHAT SHE THOUGHT -- across 14 years, from 2007 to 2020. That includes $174K house purchase in 2016 and $34K in medical expenses.

10 things Republicans have done in the last month

10. The Republican bill will cost the poorest Americans $1,600 every year while giving rich guys like me a massive tax cut that I don’t need. In 10 years, 81% of the benefits go to the top 10%. The bottom 40% will actually pay more. This is actual Republican policy. Don’t tell me you’re not paying attention. 9. Starving poor children: 13 Republican states turned down tens of millions of dollars of federal funding for poor children to get free lunches. Republican Senator Brian Lenney, said “It’s peak nanny state. It kills self-reliance and turns families into beggars,” referring to helping poor children eat.

Good evening, MAGA voters. Thanks to your vote, you'll now pay thousands of dollars more per year.

Let's begin by taking a tour of your grimy homes.

In your kitchen:
- Coffeemaker: Likely made in China, Thailand, or Malaysia. You'll now pay 24%–36% more
- Sponges: Enjoy the 34%–46% tariffs

In your bathroom:
- Towels: Many are made in India, Pakistan, or Turkey. Enjoy 26%–29% tariffs
- Toothpaste & body wash packaging often comes from EU, China, or Vietnam. 20%–34% more

In your garage:
- Power tools Often made in China, Taiwan, or Mexico with 32%–34%+ tariffs (thankfully I don't have to worry about this one)

And I'm not even mentioning the expensive stuff, like your cars, appliances, HVAC, furniture, and TVs

You'll pay thousands of dollars more for household items...all so that wealthy guys like me can get a tax cut that I don't need. This is what Republicans voted for Only a moron would support this. Of course, you're MAGA. You also support this:

https://x.com/ramit/status/1906715015094083777

10 things Republicans have done in the last 10 days

1. The Trump administration has illegally snatched Americans using masked men in unmarked cars. They sent one to a Salvadorian torture prison because he had an autism awareness tattoo. Another, a lawful permanent resident, was snatched because she participated in pro-Palestinian demonstrations.

x.com/DRBoguslaw/sta… 2. Senior officials added a reporter to an illegal Signal chat where they illegally shared classified information, then the President and Attorney General illegally brushed it under the rug. When asked about it under oath, United States Director of National Intelligence Gabbard illegally perjured herself, then claimed she "misremembered" the very next day

This is one of the most egregious national security breaches in decades, run by a group of incompetent Republicans who spent 10+ years shrieking about "Hilary's emails"

x.com/BlueATLGeorgia…

10 things Republicans have done in the last 10 days

1. A Trump State Department official has called for mass sterilization of ‘low-IQ trash.' 2. Republican politicians are shocked to face angry voters, who've just realized they face cuts in jobs & Social Security. In response, they've created an official policy: No More Town Halls

'Our policies are hideously unpopular! Let's hide!'

10 things the Republicans have done in the last month

1. The official White House account posted this horrifying video with the caption: “ASMR: Illegal Alien Deportation Flight.” As you watch, I want you to imagine the depravity of the entire Republican Party to post a video that glorifies this cruelty.

When mass deportations happen, people die. Families are separated. Children are bullied. Some grow up orphans.
x.com/WhiteHouse/sta… 2. Suddenly, Republicans have stopped talking about Haitian immigrants eating dogs & election fraud — both lies they concocted out of thin air. They're suddenly quiet about deficits, especially since their budget will increase the deficit by over $300 billion per year.

Republicans also hammered Biden for cognitive decline, yet to my knowledge, not a single Republican or press outlet has written an equivalent piece for Trump’s incomprehensible speeches. Here’s one from yesterday. Reminder: This is the President of the United States.

10 things Republicans have done in the last 1 month

1. Republicans ended the Direct File program, which allowed you to easily file your taxes online, for free.

2. JD Vance blamed "DEI policies" for a deadly crash between an airliner and military helicopter. 3. Trump created a “White House Faith Office” tasked with “eradicate Anti-Christian Bias.” His Undersecretary for Public Diplomacy and Public Affairs also said “competent white men must be in charge if you want things to work.” Republicans disbanded groups at West Point including the Asian-Pacific Club, Latin Cultural Club, National Society of Black Engineers Club. Oddly, they did not eliminate the German Language Club, French Forum, or Polish Club. Notice any difference?

Nothing like having white supremacy installed at a governmental level.

I've heard some women aren't telling their husbands who they're voting for, so I decided to ask my community (anonymously) to see if this is true

Can you guess what I found out?

See the actual chats below Lots of women are not telling their husbands who they're voting for

But the primary reason is...they don't want an uncomfortable conversation!

Examples of a Rich Life:

* Grocery shopping without considering price
* Spontaneously extending your vacation by a day
* Buying popcorn at the movies
* Handing out full-size candy bars for Halloween
* Buying a $100k car that you love every time you sit in it A Rich Life is your ideal life — one where you look at your personal relationships, your finances, & your ordinary days & say, "Wow, I love this!"

What is YOUR Rich Life?

To design your Rich Life, be ready to turn down lots of common advice

- No, I don't need to save on lattes
- No, I don't need to chase 5,000 CC pts
- No, I don't need to buy a house
- No, I don't need to invest in PE/VC/crypto Your Rich Life is YOURS

And the more dialed in you get with your Rich Life vision, the less it should make sense to anyone else

Develop your own philosophy!

Answer these 4 questions to EARN MORE...

One way to make sure you can live a Rich Life is to earn more — I’m the biggest fan of this idea

There’s a limit to how much you can cut, but NO LIMIT to how much you can EARN

Many IWT students have started a side businesses to do this The truth is — to start a business — you need:

- brainstorming of ideas
- refining the ideas
- testing to see if the ideas work

Many people believe that “investing = picking stocks,” which stops them because it's intimidating

“How am I supposed to know what to buy?”
“What's a good price?”
“What's a P/E ratio?” You have lots of great investing options

In general, individual investors should AVOID individual stocks & focus on index funds or (my favorite) target-date funds

Let’s play a game called DID I WASTE MY MONEY OR NOT?

Around 17 years ago, I bought a new car. Did I waste my money or not?

(More below) I’ve rented for ~20 years in SF, NYC, and LA. Did I waste my money or not?

What do you wish you learned about money earlier? I love hearing your answers to this question

Some people grew up with a healthy money mindset

But many weren’t taught anything about money because it wasn’t discussed in their family

What's something you happily paid over $1,000 for?

What made you so happy to spend money on it? Past answers that people happily paid over $1k include:

- Paying for movers
- Wedding planner
- Tesla
- Disney VIP tour guide
- Building an at-home gym
- Vacations

What’s the most you’ve spent on a vacation?

Was it worth it? Why, or why not? Part of my Rich Life: Being able to travel 2+ months/year, creating magical experiences w/loved ones, staying at my favorite hotels

And it's ok for me to spend money on travel, because I've "dialed up" that part of my life & cut back mercilessly in other parts

A common mistake people make when setting their Money Rules is that they're focused on saying NO

Most of my Money Rules are about saying YES!

It took me years to develop my Money Rules, & I love sharing them so you can see what I love and value

Here are my 10 Money Rules: 1/

Always have 1 year of emergency fund cash

I'm doing a press for the show. 1 of the most common questions: "How does someone who always feels behind w/money, who has nothing left at the end of the month, deal with it?"

I reject the premise of this Q

Why are so many questions centered around us feeling BAD with money? I reject the premise of that question because:

1. Many people have more than enough to pay bills and save, and they *still* feel behind. Our feelings about money are highly uncorrelated with how much we have in the bank.

2. Why is almost every topic around money NEGATIVE?

4 paths to a million dollars

"TIME"
This conservative approach assumes you contribute about $400/month for 40 years. Very conservative because it does not factor in income growth or marriage.

The next one is... "INCOME"
This approach assumes you invest an average of $1,666/month for 22 years. Remember, this is an average. At 20, this would be difficult for most people. As you grow in your career, this becomes more possible for some. A good reason to focus on income.

3 non-obvious signs that someone is new to investing 🧵

(Before you read on, what do you think they are?) 1. They say: "Handbags are actually good investments!"

Yes, sometimes handbags can turn out to be great investments, but no savvy investor would say this

If you want to buy an expensive bag, great! If it turns out to be a great investment, great! But don't confuse the two

You can beat inflation by simply investing in low-cost index funds

And if you consistently invest for long enough, your portfolio can grow so large that it will pay your expenses for the rest of your life -- including your housing -- sometimes with just the *interest* alone I post that because:

1. Many people are afraid of inflation but they do not understand that to beat it, you must invest

2. So many say "If you rent, how will you afford a house in your 70s?" The answer is your investments can pay for it

This is important to understand