Beach Bum Investor

Simple, practical personal finance for everyone, minus the bullshit. Download the 'Practical Money' eBook now! Link ⬇️

[Beach Bum Investor @MoneyOnDaBeach]

Just as in life, consistency trumps intensity when building wealth too

[SMART RECOVERY 📊☀️ @smartrecovery_1]

Personal finance tip #21

Don't set yourself back to look cool.

The Ferrari and the Camry both get you to the same place.

The Rolex and the Casio both tell the same time.

Invest your money in assets.

They'll pay for everything you could ever need.

[Ankur Warikoo @warikoo]

It’s ok to have a windows laptop.
Just saying.

[Beach Bum Investor @MoneyOnDaBeach]

Took a decent break. But back now, and hoping to keep the content coming.
In the meantime, thinking of starting work on some extra resources which will be given away for FREE!

[Beach Bum Investor @MoneyOnDaBeach]

Absolute 💎 of a thread from the ever on point @SahilBloom ! 👇

One thing which I've also stressed on a lot is that financial wealth is NOT the only type of wealth. There's more to it than just money.

[Sahil Bloom @SahilBloom]

23 lies you've been told about the world:

[Beach Bum Investor @MoneyOnDaBeach]

Great job condensing these mental models into relatable, easily understandable questions @dickiebush 👏 Loved it!

[Dickie Bush @dickiebush]

7 mental models you can use to actually make decisions (instead of just reading about mental models):

[Beach Bum Investor @MoneyOnDaBeach]

“If you think investing your money or building another source of income is risky wait until you find out how risky living paycheck to paycheck is”

– @chrissssjohnson

[Beach Bum Investor @MoneyOnDaBeach]

At a certain point in your career, salary isn't the only thing you're negotiating.
You're also negotiating time. Is the high salary worth the tradeoff of no work-life balance? Is the culture worth a low salary? You gotta learn what tradeoffs matter to you. -@SeanTalentW

[Beach Bum Investor @MoneyOnDaBeach]

Want to know a surefire way to make money? Ask for that raise.

Here's how:
1. Set and agree on targets with your boss
2. Work to achieve them
3. Convert gains into actual numbers relative to revenue/profit
4. Show them to your boss.

#3 is SUPER important.

[Beach Bum Investor @MoneyOnDaBeach]

“normalize discussing your wages with coworkers”

– @Gritty20202

[Beach Bum Investor @MoneyOnDaBeach]

If you can afford it, paying experts to help you improve at life is probably the single best way to spend money

Personal trainer for physical health

Therapist for mental health

Business coach for work health

etc

This is how you take "investing in yourself" to the next level

[Beach Bum Investor @MoneyOnDaBeach]

@shl This is so true Sahil! One thing I tell young adults is to pick their friends carefully, as that is the direction they will drift in too!

[Beach Bum Investor @MoneyOnDaBeach]

McDonalds deciding to sell consistency via the world's best franchising model

[Shaan Puri @ShaanVP]

what are your favorite examples of epic business strategy?

eg.
- Microsoft licensing DOS to IBM
- 5 hour energy going into small bottles so they would be near the register instead of next to redbull

name some others

[Beach Bum Investor @MoneyOnDaBeach]

@finance_hipster Didn't think this will blow up so much. So, I'll take this time to tell you that I've written a book about saving money without stressing yourself, and it would mean a lot to me if you guys give it a read! Go grab it here! 👉https://t.co/GdEzyUziaX

[Beach Bum Investor @MoneyOnDaBeach]

“Retire from doing work?

Never.

Retire from doing what I don’t want to do?

As soon as possible.”

– @finance_hipster

[Beach Bum Investor @MoneyOnDaBeach]

“Calling this generation soft or weak because they are actually quitting toxic jobs was always hilarious to me. How is staying and licking your boss's boots every day for the rest of your life a show of courage exactly?”

– @yugopnik

[Beach Bum Investor @MoneyOnDaBeach]

On the internet, people love telling you that you must have a side hustle. But if you love your day job, it's also okay to invest time and energy in getting better at it.
Eventually, you will start to reap the rewards over the rest of your career.

[Beach Bum Investor @MoneyOnDaBeach]

Fully agree! There's this quote which says that "your greatest enemy and best friend is between your two ears", and it's so true! Master your behaviour and you master yourself.

[Brian Feroldi @BrianFeroldi]

Mastering your behavior pays a much higher return than mastering Excel

[Junhan Chin @junhanchin]

How to eat an elephant? One bite at a time. - Desmond Tutu.

As explained by @tferriss in The 4-Hour Workweek: Just make the first minimum viable step.

[Beach Bum Investor @MoneyOnDaBeach]

@hypefury Hello,
I'm a former stock broker, and corporate finance executive who got mad by seeing all the bullshit money advice peddled on the internet.

So I wrote an ebook with practical, simple tips for regular people to live a better life. It's available at https://t.co/GdEzyUziaX