Smart Wallet Coaching | Habits to be Financial Fit

Qualified Accountant | Sharing tips on money and financial mindset to create a wealthier future

[Samson Mow @Excellion]

There are two schools of thought for the #Bitcoin endgame:

1️⃣ Bitcoin replaces fiat
2️⃣ Bitcoin co-exists with fiat

Only one can be true.

[CZ 🔶 BNB @cz_binance]

Many nations will use bitcoin as reserves, and other crypto currencies too.

https://t.co/d9ZbXYpstq

[Smart Wallet Coaching | Habits to be Financial Fit @Mr22_Dutch]

@DividendGrowth So true, plus you can purchase these stocks at lower prices to accelerate your dividend payments

[Altcoin Daily @AltcoinDaily]

Year-to-date asset performance:

+175%: 🔵 #Sui
+ 57% : 🪙 #Bitcoin
+ 50% : 🟡 #Solana
+ 28% : ⛏ Gold
+ 25% : 🏛 Nasdaq
+ 23% : 🏢 S&P 500
+ 15% : ⛽ #Ethereum
+ 1.8% : 💵 Dollar Index
+ 0.7% : 🛢 Crude Oil

[Smart Wallet Coaching | Habits to be Financial Fit @Mr22_Dutch]

Only 6% of UK adults have a stocks and shares ISA.

Do you know that you have a £20k annual allowance to invest without worrying about capital gains tax.

[Smart Wallet Coaching | Habits to be Financial Fit @Mr22_Dutch]

The odds will dramatically shift in your favour if you invest for the long term..

[Smart Wallet Coaching | Habits to be Financial Fit @Mr22_Dutch]

@AccentInvesting It all about wealth creation, it is sad to see that even the most highly educated people pursue the status symbol

[Smart Wallet Coaching | Habits to be Financial Fit @Mr22_Dutch]

Diversification is key!

I don’t believe in tribalism, you should own different asset classes, and that includes:

Stocks
Bonds
Crypto
Real estate
Cash
Gold

Your portfolio split depends on your risk.

#crypto #stocks

[Smart Wallet Coaching | Habits to be Financial Fit @Mr22_Dutch]

The hardest part of the stock market is to differentiated between trading and investing.

If you are investing, zoom out your timeframes & ignore the short term price fluctuations.

The S&P500 returns c.10% annually over 100 years, but that does not 10% every year!

#investing

[Smart Wallet Coaching | Habits to be Financial Fit @Mr22_Dutch]

When it comes to investing, you need to think long term. This immediately lowers your risk!

Based on studies, if you invest over 20 years, you have 0.1% chance of losing money. Over 10 years, it is 2.6% risk

#invest #WealthBuilding

[Rajat Soni, CFA @Rajatsoni]

Real estate investors say that "renting is a waste of money"

Do they think the product they are selling to their customers is a waste of money?

Why would anyone ever want to do business with an entrepreneur who doesn't believe in the product they sell?

[Smart Wallet Coaching | Habits to be Financial Fit @Mr22_Dutch]

Multiple income streams is the way forward.

One way to expand income streams is passive income via dividends

Invest in stocks that pay out dividend to their shareholders. Focus on dividend growth stocks.

#dividend #investingtips

[Smart Wallet Coaching | Habits to be Financial Fit @Mr22_Dutch]

Investing in the stock market and individual stocks is daunting for people starting off.

Instead you can diversify your portfolio via ETFs, which is an index of many companies across a market or the whole world.

#investing #FinancialSuccess #financialeducation

[Smart Wallet Coaching | Habits to be Financial Fit @Mr22_Dutch]

Financial education is not taught at school, but if you understand it you will change your perspective on money & wealth.

#financialeducation #FinancialFreedom

[Smart Wallet Coaching | Habits to be Financial Fit @Mr22_Dutch]

@theficouple Agree 💯💯, which is why it’s best to focus on yourself and follow your own lane

[Smart Wallet Coaching | Habits to be Financial Fit @Mr22_Dutch]

@LTI_finance Exactly, you need to give investing a long term perspective rather and focus on that growth potential. it is is exactly like going to to gym, you need to give your body time to build muscle and transform. Therefore patience and discipline is needed

[Nick | Dividend Investor & Educator @Smartnetworth1]

Stocks.

Business.

Real estate.

Owning assets.

That’s how you build wealth.

[Smart Wallet Coaching | Habits to be Financial Fit @Mr22_Dutch]

Just because you earn more, it doesn’t mean you are financial savvy. Lifestyle inflation kills!

Person A:
Earnings: £100k
Expenses: £90k

Person B:
Earnings: £50k
Expenses: £25k

Instead, minimise the luxury expenses to invest for the future.

#WealthCreation #FinancialFreedom

[Smart Wallet Coaching | Habits to be Financial Fit @Mr22_Dutch]

Small substitutions a day can make huge difference over a period of time. The power of compounding and investing.

Don’t be that person, start today

#FinancialGrowth #financialeducation #investingtips #investing #WealthBuilding #PersonalFinance

[Smart Wallet Coaching | Habits to be Financial Fit @Mr22_Dutch]

Your 9-5 can be used as your wealth builder!

How?
- Budget and track expenses
-pay off high credit card debt
-contribute to emergency fund
-invest the rest in appreciating assets

#WealthBuilding #financialeducation #FinancialIndependence #MoneySavvy