Violette

2 days ago

Until 2020, Warren Buffett used a basic flip phone. He owned over $100 billion worth of Apple stock at the time. He just didn't see a reason to upgrade the phone in his own pocket. When he finally switched to an iPhone, it was mostly because people kept giving him one. This isn't really about phones. It's about how he decides what's worth paying for. Most of us upgrade by default. New phone every two years, new subscription every time something looks useful, slightly better everything, all the time. None of it feels expensive on its own. Buffett upgrades when it actually changes something for him. Otherwise, the old thing works fine. Before you can make that call, you have to know what you're actually spending on. Most people don't. I tracked every expense for 90 days with this app and the result surprised me 👇

13 days ago

https://t.co/qPI1YZVsIq

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2 days ago

@levbuilding who will gives 20% on earn? max 4%

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Violett_Code retweeted

4 days ago

Warren Buffett still lives in the Omaha house he bought in 1958 for $31,500. He's one of the richest people alive. He could buy any house in the world tomorrow. He never moved. And the house isn't the only example. On the way to work, he used to stop at McDonald's and pick breakfast based on how the market was doing. $2.61 on a bad day, $3.17 on a good one. He once said the house was one of the best investments he ever made, not because of what it was worth, but because it gave his family exactly what they needed. That's the part most people miss. Buffett's wealth didn't come from what he bought. It came from what he kept. Every dollar not spent on a bigger house, a nicer car or a lifestyle upgrade stayed invested. And money left alone for 60 years compounds into something most people can't even imagine. You don't need to live like Buffett. But most of us lose money in a less obvious way than a big house. It leaks out in small amounts. A delivery here, a subscription there, $12 at a time. I tracked every expense for 90 days to find mine. It turned out to be hundreds a month I never noticed. I wrote about it below 👇

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4 days ago

Warren Buffett is worth over $100 billion. And for years, he knew exactly what his breakfast cost. Every morning on his 5 minute drive to the office, he stopped at the same McDonald's. What he ordered depended on how the market was doing. Market down: two sausage patties for $2.61. Market flat: sausage, egg and cheese for $2.95. Market up: bacon, egg and cheese biscuit for $3.17. His wife would leave the exact change in a cup in his car. It sounds like a joke. Partly, it is. But look at what's underneath it. One of the richest people in history still knew the price of the smallest thing he bought every day. Down to the cent. That's not about being cheap. $3.17 means nothing to Buffett. It's about awareness. He never lost track of where his money went, even when the amounts stopped mattering. Most of us do the opposite. We know our big expenses perfectly. Rent, car, phone. But ask how much went to coffee, delivery and small purchases last month, and the honest answer is "no idea." Those are exactly the expenses that add up. $8 here, $12 there, $20 somewhere else. None of them feel like a decision, so none of them get noticed. Buffett can afford not to know. He still does. I tracked every expense for 90 days to find my own version of the $3.17 breakfast. It turned out to be hundreds a month I never noticed. I wrote about it below 👇

13 days ago

https://t.co/qPI1YZVsIq

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5 days ago

I’ve noticed the same thing. People who obsess over points, miles, cashback and small optimizations usually aren’t doing it because they need the extra 1–2%. They’ve turned personal finance into a system they actually enjoy paying attention to. That mindset matters more than the points themselves. The same idea is behind this article: once you start tracking where your money actually goes, spending becomes less invisible and a lot more intentional. https://t.co/NFFeRuVq9y

LindyMan

@PaulSkallas

6 days ago

I noticed everyone I know who is really into credit card points or airline flyer miles has their finances in order, and is relatively succesful. It's a proxy for a certain type of upper middle class life. Budgeting and being obsessed with the little benefits of day to day purchasing. I'm not into it, but i can see how it can feel like a videogame for people.

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5 days ago

@batagonx @levbuilding yeah, read that one

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5 days ago

There’s a reason rich-looking people aren’t always wealthy. Nick Maggiulli, author of Just Keep Buying and COO at Ritholtz Wealth Management, points out that a $3M house is instantly recognized as status. A $3M portfolio is invisible. We pay attention to what people can see and surprisingly little attention to where our money quietly disappears. That gap can cost far more than most people realize:

5 days ago

Nick Maggiulli, author of Just Keep Buying, makes a simple point that’s easy to forget: wealth is usually invisible. The money you don’t spend, the assets you accumulate and the habits you repeat rarely look impressive in the moment. But those are often the decisions that matter most. The same is true with expenses. The ones that feel too small to care about are often the ones that deserve a closer look. More here:

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Violett_Code retweeted

5 days ago

Nick Maggiulli, author of Just Keep Buying, makes a simple point that’s easy to forget: wealth is usually invisible. The money you don’t spend, the assets you accumulate and the habits you repeat rarely look impressive in the moment. But those are often the decisions that matter most. The same is true with expenses. The ones that feel too small to care about are often the ones that deserve a closer look. More here:

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13 days ago

https://t.co/qPI1YZVsIq

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7 days ago

Ramit Sethi, bestselling author of I Will Teach You to Be Rich and host of Netflix’s How to Get Rich, says feeling calm about money starts with knowing your numbers, not obsessing over every $3 purchase. I tracked every expense for 90 days and finally saw mine clearly. Hundreds in small purchases I barely remembered. The goal wasn’t to stop spending. It was to know where the money was going. Great read about:

13 days ago

https://t.co/qPI1YZVsIq

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