Economics
Finance
Investing
Investment
Real Estate
Personal Finance
Financial Planning
Taxes
Taxation
Investment Strategies
Wealth Building
The Stock Market
If want to build wealth, learn as much as you can about:
• Taxes
• Investing
• Real Estate
• Personal Finance
• The Stock Market
• Financial Planning
💰Here are 6 tips on each topic, that will change your life & make you very wealthy:
• Taxes
• Investing
• Real Estate
• Personal Finance
• The Stock Market
• Financial Planning
💰Here are 6 tips on each topic, that will change your life & make you very wealthy:
1) Taxes:
The wealthy avoid taxes & build wealth by buying assets and borrowing money
They borrow money at low interest rates, use their assets as collateral, and write-off the interest on their taxes
And because they don't sell their assets, they don't pay capital gains tax
The wealthy avoid taxes & build wealth by buying assets and borrowing money
They borrow money at low interest rates, use their assets as collateral, and write-off the interest on their taxes
And because they don't sell their assets, they don't pay capital gains tax
The middle-class pay taxes, but the wealthy use tax accountants to legally avoid taxes.
Tax code has 75,000 pages on legally avoiding taxes, use tax law to your benefit!
Tax code has 75,000 pages on legally avoiding taxes, use tax law to your benefit!
Tax Strategy Tip:
If you own a business & have kids under 18, you can pay them $12,950 per year & deduct it from your taxable income,
They will owe $0 in taxes & you avoided taxes on $12,950!
You can also invest this in a tax-free ROTH IRA!
Use tax law to your benefit!
If you own a business & have kids under 18, you can pay them $12,950 per year & deduct it from your taxable income,
They will owe $0 in taxes & you avoided taxes on $12,950!
You can also invest this in a tax-free ROTH IRA!
Use tax law to your benefit!
Tax Planning Strategy:
A 4% dividend on a $1,000,000 investment account can be $40,000 tax free in retirement ($80,000 if you are married).
You pay 0% tax on long-term capital gains if your income is under $40,000 ($80,000 if you are married).
A 4% dividend on a $1,000,000 investment account can be $40,000 tax free in retirement ($80,000 if you are married).
You pay 0% tax on long-term capital gains if your income is under $40,000 ($80,000 if you are married).
There are 9 U.S. States with NO State Income Tax:
• Texas
• Alaska
• Florida
• Nevada
• Wyoming
• Tennessee
• Washington
• South Dakota
• New Hampshire
• Texas
• Alaska
• Florida
• Nevada
• Wyoming
• Tennessee
• Washington
• South Dakota
• New Hampshire
2) Investing:
The wealthy invest in:
• Stocks
• Real estate
• Businesses
You cannot save your way to wealth, you must invest.
Investing for 10 to 20 years may be hard,
But being 60 and broke will be a lot harder.
Choose your "hard".
The wealthy invest in:
• Stocks
• Real estate
• Businesses
You cannot save your way to wealth, you must invest.
Investing for 10 to 20 years may be hard,
But being 60 and broke will be a lot harder.
Choose your "hard".
Temporary market drops are an opportunity for long-term investors
Market drops have taught me to keep investing, because market drops have always bounced back
If there’s a crash that never recovers, money will be worthless and the least of our concerns
Market drops have taught me to keep investing, because market drops have always bounced back
If there’s a crash that never recovers, money will be worthless and the least of our concerns
Money is a tool, so instead of wasting your hard-earned money on drinking, material things or unhealthy foods,
Use your money wisely to invest in income generating assets or appreciating assets like great stocks or real estate!
Use your money wisely to invest in income generating assets or appreciating assets like great stocks or real estate!
You can work a 9-5 job and:
- invest in real estate
- invest in the stock market
- start a small business or side-hustle
The secret to building wealth is to find ways to increase your income, spend less than you earn and invest the difference.
- invest in real estate
- invest in the stock market
- start a small business or side-hustle
The secret to building wealth is to find ways to increase your income, spend less than you earn and invest the difference.
3) Real Estate:
Consider buying real estate with a bank's money and letting tenants pay it off for you. It will:
• create cash flow which will increase your income
• appreciate in value which will increase your net worth.
And in 30 years, you will have a paid off home!
Consider buying real estate with a bank's money and letting tenants pay it off for you. It will:
• create cash flow which will increase your income
• appreciate in value which will increase your net worth.
And in 30 years, you will have a paid off home!
4) My Personal Finance Rules:
• Pay off consumer debt
• Max out Roth IRA & 401k match
• Cut expenses by budgeting or being frugal
• Establish emergency fund to cover 3-6 months expenses
• Increase income & create multiple sources of income with side-hustles/ side-business
• Pay off consumer debt
• Max out Roth IRA & 401k match
• Cut expenses by budgeting or being frugal
• Establish emergency fund to cover 3-6 months expenses
• Increase income & create multiple sources of income with side-hustles/ side-business
Being financially literate will change your life. Use weekends for building the life you want.
Learn as much as you can about investing and personal finance, your future self will be thankful.
The probability of being a millionaire:
• 25% if you try
• 0% if you don't try
Learn as much as you can about investing and personal finance, your future self will be thankful.
The probability of being a millionaire:
• 25% if you try
• 0% if you don't try
The average person spends 4 hours per day watching T.V.
Create a network of friends who discuss opportunities to make money, not just spent it.
Your circle can make or break you, so choose wisely.
Normalize talking about money, personal finance & investing.
Create a network of friends who discuss opportunities to make money, not just spent it.
Your circle can make or break you, so choose wisely.
Normalize talking about money, personal finance & investing.
5) The Stock Market
We've been through world wars, cold wars, nuclear alerts, real estate market destruction, great depressions and worldwide pandemics
The stock market has recovered from every market drop, and rose to new all-time highs, every time
Lesson: Just Keep Investing
We've been through world wars, cold wars, nuclear alerts, real estate market destruction, great depressions and worldwide pandemics
The stock market has recovered from every market drop, and rose to new all-time highs, every time
Lesson: Just Keep Investing
The Stock Market crashed:
-48% in 1973
-29% in 1987
-49% in 2020
-57% in 2008
-34% in 2020
BUT, since 1926 the stock market increased 11% each year on average, or 1,330,000% over 96 years.
-48% in 1973
-29% in 1987
-49% in 2020
-57% in 2008
-34% in 2020
BUT, since 1926 the stock market increased 11% each year on average, or 1,330,000% over 96 years.
The Stock Market will ALWAYS be volatile in the short-term, and this is exactly why we invest for the long term.
For long-term investors, volatility is an opportunity, not a risk.
For long-term investors, volatility is an opportunity, not a risk.
If you don't know where to start investing, buy an Index Fund that tracks the S&P 500 (such as $VOO).
The S&P 500 is America's largest companies & have gained ~11% each year on average, over the last 96 years.
If the S&P 500 ever fails, money will be the least of your problems.
The S&P 500 is America's largest companies & have gained ~11% each year on average, over the last 96 years.
If the S&P 500 ever fails, money will be the least of your problems.
The wealthiest 10% of Americans own 90% of all stocks,
The bottom 90% own only 10% of all stocks.
Investing is the key to building wealth.
The bottom 90% own only 10% of all stocks.
Investing is the key to building wealth.
HOW TO become a millionaire, the lazy way:
1) Invest $11 a day into a S&P 500 index fund
2) Wait & let compound interest do all the work
3) In 30 years you should have over $1,000,000
*The S&P 500 has returned ~11% per year on average, over the last 96 years
1) Invest $11 a day into a S&P 500 index fund
2) Wait & let compound interest do all the work
3) In 30 years you should have over $1,000,000
*The S&P 500 has returned ~11% per year on average, over the last 96 years
Index Funds have many benefits such as:
1) Low risk (diversified)
2) Low fees (expense ratio)
3) Easy to invest in & simplistic
4) Often outperforms stock picking
5) Tax advantageous (generates less taxable income)
5 Largest Index Funds by Assets:
1) $SPY
2) $IVV
3) $VTI
4) $VOO
1) Low risk (diversified)
2) Low fees (expense ratio)
3) Easy to invest in & simplistic
4) Often outperforms stock picking
5) Tax advantageous (generates less taxable income)
5 Largest Index Funds by Assets:
1) $SPY
2) $IVV
3) $VTI
4) $VOO
6) Financial Planning:
~70% of families lose wealth by the 2nd generation
~90% of families lose wealth by the 3rd generation
If you have:
• No Plan
• No Budget
• No Assets
• No Investments
• No Emergency Fund
You will not have financial freedom
~70% of families lose wealth by the 2nd generation
~90% of families lose wealth by the 3rd generation
If you have:
• No Plan
• No Budget
• No Assets
• No Investments
• No Emergency Fund
You will not have financial freedom
Here are 4 facts school doesn't teach:
• Inflation is ~8%
• The average savings account pays ~0.1% interest
• Money sitting in a bank is losing its value by the day
• The stock market has returned over 1,300,000 over the last 96 years
You must invest
• Inflation is ~8%
• The average savings account pays ~0.1% interest
• Money sitting in a bank is losing its value by the day
• The stock market has returned over 1,300,000 over the last 96 years
You must invest
Use your salary to buy assets, and assets will buy you freedom and complete control over your time.
Wealth is not about being rich, wealth is about freedom.
• Time Freedom
• Location Freedom
• Financial Freedom
Wealth is not about being rich, wealth is about freedom.
• Time Freedom
• Location Freedom
• Financial Freedom
Money may not buy happiness, but it will eliminate the stress & anxiety that not having it creates
If you found this thread🧵helpful:
• Follow me @FluentInFinance
•🔁RT the FIRST tweet
•❤️LIKE every tweet
This account was created to help you build wealth & learn about money
If you found this thread🧵helpful:
• Follow me @FluentInFinance
•🔁RT the FIRST tweet
•❤️LIKE every tweet
This account was created to help you build wealth & learn about money
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