Personal Finance đź’ł | Journaling my thoughts đź’­ | Follow my process

Joined November 2020
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S&P 500 Performance as of 5/31/21 🟢 0.55% MTD 🟢 11.91% YTD See below for further details 👇
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When you forget what someone said, was it because you actually forgot or weren’t listening when they spoke?
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People don’t get wealthy with dividends. People get wealthy from buying growing companies and dividends are a byproduct. Dividends are used to sell courses. If you want cash flow, go buy rental properties.
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“Any money you spend that does not make you happier is wasted.” -@mrmoneymustache
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Spend less or make more? -Raise income -Find a side hustle -Get a part-time job OR -Cut cable -Cut starbucks -Cut eating out -Cut subscriptions What's better? \\THREAD// 👇
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The more I invest my money, the more I want to keep investing it.
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Money doesn’t make you happy. It makes you less stressed and gives you more options.
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Burnout and fatigue show up in other areas of your life. -Motivation -Bank account -Longevity of life -How you treat people
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Ask yourself: What’s more important to ME, time or material possessions? Your answer determines where your money goes. Only you can answer this.
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Unpopular opinion Dividends are misleading. Sorry money twitter... \\THREAD// 👇
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“The first $100k is a bitch.” -Charlie Munger In the early stages of the accumulation phase (<$100k invested), your savings rate is MUCH more important than investment returns. This is because your investments are not big enough to make a meaningful increase to your account 👇🏼
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We create our own perception of non-physical objects. Smells Colors Images Sounds Shapes Textures Emotions Thoughts These all have no location in the physical world. Utilize this knowledge to create a better reality for yourself.
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Let your desire to consume motivate you to buy assets.
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Is your daily routine going to get you to your future goal? This is the question you need to constantly ask yourself. If your answer is no, it's time to re-evaluate your daily routine.
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Is money even real? We work so hard and trade so many hours of our lives for lines on a screen, a pixel on our phone, an imaginary number. To simply tell us what we can and cannot do.
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The moment you feel like giving up most is the closest you’ve ever been to succeeding.
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At any point in time, my portfolio can drop 50%, 60%, or even 70%. I am ok with this. I have already accepted this before I put a single dollar into the market. Is it something I will enjoy? No. But it's the cost of doing business to get the 7% average compound return.
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Surrounding yourself with like-minded individuals who empower you to become your best self is the gift you deserve.
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Become a silent witness to your thoughts. Close your eyes Take a few deep breaths Where do your thoughts go? Become an observer of them.
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It's incredible how many people are stuck in the matrix and just think they have to work until 65 because that's what they were taught. Think outside the box. Find something you love. Find a way to monetize it. Invest it all and watch it grow.
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When you listen to someone sharing a difficult time in their life, don’t make it about you and bring up an example from your own life. Just listen.
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