BEA07 @blobfog8
Joined January 2017-
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People forget Oprah tried to wipeoff Drew Breeses birthmark
Good investors think in terms of odds, not absolutes @AnnieDuke's book "Thinking In Bets" is a great resource
Eckhart Tolle has pointed out that all day, every day, we "rank" moments. Generally, we rank the present moment as perhaps a 2 or 3 out of 10. Young people tend to give future moments "10" status. Older ones grant "10" to past moments. But what if you gave this moment a "10"?
Poor Dad: A house is the biggest asset you own Rich Rad: A house is the biggest liability you own Asian Tiger Dad: A loving family is the biggest asset you will ever have
Fresh air is more valuable than money right now
@AsennaWealth Thanks. It’s hard to make the transition from holding money as your top priority to making your lifestyle your top priority.
The importance of investing for retirement as early as possible dividendgrowthinvestor.com/2008/08/import…
Investor A - saves $2K/year from age 26-65. Investor B - saves $2K/year from age 19-26 and stops there. Both achieve 10% annual return. At age 65, who ends up with more money? Investor A: $893,704 Investor B: $930,641 @DividendGrowth @dmuthuk
Paul George in there getting shots up??
A masterpiece of a mental model. @naval what a gift! navalmanack.com
If you invest, you must learn how to read a balance sheet I always focus on: Cash & eqiv Inventory (if applicable) All debts
It's now been 6 months since the bailout passed That $1,200 we got amounts to $7 a day Meanwhile United, American and Delta got $16.2 billion and are about to lay off 37,000 workers
Teach your kids how to invest It's the greatest financial gift you can give them Here are some free slides to get you started: docs.google.com/presentation/d…
I treat Sept 1st as the start of the “New Year” in order to maximize momentum. You can learn why this works below. If you like what you read sign up for my E-Mail list (link in Bio) for an updated version coming soon. Happy New Year Everybody! mailchi.mp/7ca8851ed9cd/m…
@NBA_Westside Bonjour, please find the unroll here: Thread by @roncaruthers: 1. Thread: Which mortgage is the 'best' according to math, science and financial planning… threadreaderapp.com/thread/1216122…. See you soon. 🤖
34. The answer is 3.19%. If you earn 3.19% or more, you are guaranteed to have enough money to pay off your house in 15 years (or less) AND, YOU retain control of that money right up until you write that check. Now, what if you earned 6% on that side fund?
31. Now, it's not ME saying you're gonna earn 12%, but he's the guy saying you should rush to pay off your house, and all I"M saying is if you believe what he tells you, then you have to admit, he's lying to you. If you're really earning 12%, why would you EVER rush to pay off?
17. But first, a couple of questions: -Does your down payment earn interest? -Can you access it easily? The answer to both of those is 'no'. And, whatever your down payment could have earned is the opportunity cost.
13. Check it out: If your mortgage is $2,000 today, in 10 years, that mortgage payment will still be $2,000. But, if inflation is 3%, it's going to FEEL like $1,488. Because in 10 years, $2,000 will only have the buying power of $1,488.
9. 3rd concept: I believe that you need to pay attention to the liquidity, use and control of your money. YOU want to be in control of it and have access to it. When people get into financial trouble, not having access to their money is almost always the cause.

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