Elon Musk is now worth $208 billion.

You want to know how he did it? He skipped 34.67 billion lattes. It's that easy.

Nothing to promote, but I just want to say to the hundreds of guys that mansplained how I was wrong, and how he made his money, you’re totally wrong. So incredibly wrong.

It was definitely the lattes. 100%.

It’s not even up for debate.

3/ Fine. I’ll spell it out for the folks that didn’t get it. It’s not about Elon, it’s about personal finance.

No one gets rich saving $5 on coffee.

It’s advice rich folks give to working class folks so they feel like it’s their fault, when really the low wages are the issue...

4/ People understand it, so they feel smarter.

Saving $1,800/year on coffee doesn’t buy you a house if it’s going up by that amount per month though.

The financial system has been broken since the Great Recession, and the issue is more complex than skipping and toast.

If you enjoyed this thread, you might enjoy my other thread that made people angry for months....

... why diamond engagement rings are dumb! https://twitter.com/stephenpunwasi/status/1315465053529927682

Still here? Okay, here's another thread on why the arts are one of the most important subjects in schools.

Underfunding or eliminating them in public school gives rich kids an unfair advantage in skill development much later in life. https://twitter.com/StephenPunwasi/status/1325474358991708161?s=20

Friendly reminder: Capitalism was designed for high taxes in one area – property. Land is a natural monopoly with low taxes.

Without any gains in productivity, previous land owners skim most gains made by labor. It also slows economic growth. https://twitter.com/StephenPunwasi/status/1334332928948625408?s=20