The 🔟 Most Important Money Lessons

I Wish I Could Teach My Younger Self 🧵
1⃣ ALWAYS live below your means
2⃣Developing a long-term mindset

is the foundation of financial success
3⃣In the beginning, your savings rate is all that matters

Eventually, your investing returns are all that matters

Focus your time accordingly
4⃣Financial freedom is achievable

The price is ~10 years of hardcore saving/investing
5⃣Wealth is built in your free time at home

not at work
6⃣If you learn how to convert your salary into wealth

you'll become financially unstoppable
7⃣There will never be a "perfect" time to invest

Just buy regularly and ignore all forecasts, declines, and news headlines
8⃣In the short-term, sentiment controls stock prices

In the long-term, earnings control stock prices
9⃣Don't worry about your short-term results
🔟Remember to have as much fun as possible on the journey

Don't take yourself too seriously

Make friends. Play games. Travel. Connect with your community!

If you don't enjoy the journey, you won't enjoy the end result
You can follow @BrianFeroldi.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled:

By continuing to use the site, you are consenting to the use of cookies as explained in our Cookie Policy to improve your experience.