Excelente post do @Wealth_Theory no Twitter
Some of my favourite tweets from 2019. Thanks for all the interactions and comments!
(THREAD)
For me, the greatest motivator for creating and preserving wealth is my kids.
It’s not cars or watches. It’s the ability to pass down knowledge, lifestyle, and legacy to my children that excites me.
The best way to look rich is to be clean, polite, and have time for people.
Debt makes people rush through life. Wealth allows you to slow down and focus on personal interactions.
The only way the vast majority of young people will ever break the cycle of mediocre employment is by investing. Whether it be stocks, real estate or entrepreneurship, that is how wealth is built.
• Investment is hope expressed financially
• Lavishness is insecurity expressed financially
• Debt is impatience expressed financially
• Charity is love expressed financially
• Savings is discipline expressed financially
• Contentment is wisdom expressed financially
Many think clothes and accessories make you look rich, but I believe a man who is debt-free wears that confidence on his face.
The ability to be patient, thoughtful, and unhurried in decision making belongs to the man whose time and money is his own.
The first investment anyone makes is time. You must do this prudently before you can be successful investing money.
The most profitable positions often begin as the most lonely positions.
I love having money, mostly because I hated having to worry about it.
Freedom is the best thing money can give you and it doesn’t cost you your money. It simply requires you to keep it.
Make purchases that will improve your lifestyle, not your status. Status is the life other people believe you live; lifestyle is the life that you actually live.
Free time is the ultimate status symbol.
If you want to invest with a trader you can truly trust, you have to become that trader yourself.
• Anticipation is the enemy of patience.
• Perfection is the enemy of progress.
• Comparison is the enemy of joy.
• Jealousy is the enemy of inspiration.
• Comfort is the enemy of growth.
• Naivety is the enemy of conviction.
• Resilience is the enemy of failure.
Intelligence without focus makes no progress.
Your lifestyle should not grow at the same pace as your investments if you want to generate lasting wealth.
If you feel like a genius and you aren’t one, it’s probably time to sell.
Procrastination loves to disguise itself as preparation.
The goal is to use your money to make money instead of using your time to make money.
Spending your time as you see fit will bring you more satisfaction than spending your money.
Arrogance is profit’s greatest enemy. Build your portfolio not your ego.
When you buy quality, the price is eventually forgotten.
When you buy junk, the price will haunt you.
The boldest predictions usually come from investors with the least experience.
The happiest people I know:
• Have strong family lives.
• Have regular interactions with old friends.
• Work hard.
• Have a good attitude.
• Are generous.
• Can laugh at themselves.
• Don’t require luxury to enjoy themselves.
These people make the best wealthy people.
A rich man may still envy a poor man’s:
• Fitness
• Family life
• Friendships
• Talent
There really is more to life than just money. Stay balanced.
My goal as a parent is not to save my kids from all frustration and struggle. It is to let them learn while saving them from catastrophic failure.
I am their stop-loss!
We have two critical finite resources: money and time.
When you take on debt for temporary enjoyment, you are spending both.
10 years looking forward feels like eternity.
10 year looking back feels like yesterday.
Make financial decisions today that you can look back on with gratitude instead of remorse. The future is coming faster than you think!
