Wealth of Understanding

I help others learn and apply the fundamentals of wealth and personal finance. | Tweets by: @nemeth

[Wealth of Understanding @Wealth_of_]

New Year
New You
New Budget

Get it here: https://t.co/NaSvWQtxCM

[Codie Sanchez @Codie_Sanchez]

If you only understood one thing about making money... it should be this:

[Jeff Putnam |✍ @TheJeffPutnam]

It's easier to pick up a bad habit after putting it down for 10 years than it is to pick up a good habit after putting it down for 2 days.

Stay vigilant.

Good habit are like crops and need constant cultivation

Bad habits are like weeds and never stop pushing to the surface.

[Wealth of Understanding @Wealth_of_]

Been sitting on these for a while as part of a paid course, dropping them today for free because some of y'all need it:

https://t.co/3RBxEBBSfD

[Wealth of Understanding @Wealth_of_]

https://t.co/wMUzJjCfPY

Student Loan Debt Relief Application

[Wealth of Understanding @Wealth_of_]

Which would you rather?

Execute well on a bad idea?

OR

Execute poorly on a good idea?

[Wealth of Understanding @Wealth_of_]

The lotto is a tax on the poor.

https://t.co/UbMBLwDSjp

[John W. Rich (Wealthy) @Cokedupoptions]

Congratulations to the IRS on winning the $846.3 million Mega Millions Jackpot!

[Wealth of Understanding @Wealth_of_]

"He is richest who is content with the least, for content is the wealth of nature." - Socrates

[Codie Sanchez @Codie_Sanchez]

If getting rich was easy, everyone would do it.
If it was easy to buy the dip, we'd all be rich.

Everyone is seeing red today.

How long does it take to get your money back? History says:

[Wealth of Understanding @Wealth_of_]

"A fit body, a calm mind, a house full of love. These things cannot be bought - they must be earned." @naval

[Wealth of Understanding @Wealth_of_]

"Money is not the only way to improve life. Instead of widening your margin of profit, widen your margin of leisure. Instead of optimizing for money, optimize for time. Instead of seeking efficiency, seek recovery."

–@JamesClear

[Wealth of Understanding @Wealth_of_]

Low cost of living also helps you hit financial independence much sooner.

[Wealth Squad Chris @Chrissssjohnson]

Low cost of living has allowed me to take risk after risk after risk

Dope thing is you only need to be right once to change your whole life

But it’s hard to take risk when your just getting by

Keep your cost of living low and take as many calculated risk as possible

[Wealth of Understanding @Wealth_of_]

Here's a great article about growth potential: https://t.co/7308xjrph0

I've highlighted one of the most important sections:

[Wealth of Understanding @Wealth_of_]

@Josh_M_Newman Have you also factored property taxes, maintenance, and appreciation/depreciation?

Also, *anywhere* might be a stretch; but I get your drift.

[Wealth of Understanding @Wealth_of_]

Dollar Cost Averaging is a superpower.

[Dylan LeClair @DylanLeClair]

Fun fact,

If you started daily dollar cost averaging #bitcoin at the $69,000 all time high, your ROI is +0.21% despite the current drawdown of -34%.

[Wealth of Understanding @Wealth_of_]

Is your career more like a "call" option or a "put" option?

Call's have unlimited upside, limited downside.
Put options have limited upside, unlimited downside.

Link: https://t.co/KXgpWtVDfR

[Wealth of Understanding @Wealth_of_]

Don't worry about personal finance; just focus on how to annotate these poems.

[Boosh @whatsupboosh]

Me: how do I do taxes?

School: here’s a recorder

Me: what is a credit score?

School: just put it in your mouth and blow like this

Me: how do I choose the right healthcare plan?

School: HOT. CROSS. BUNS.

[Wealth of Understanding @Wealth_of_]

Budgeting is now more important than ever.

Inflating cost of goods and services are going to break people living paycheck-to-paycheck.

Make sure your budget has enough margin to weather some economical storms.

[Wealth of Understanding @Wealth_of_]

@SBA_Ray Your DM’s aren’t open, but I’d love to chat.

[Wealth of Understanding @Wealth_of_]

@SBA_Ray I like how you think!

[Wealth of Understanding @Wealth_of_]

I like @SahilBloom & @Codie_Sanchez so when they do a podcast together, it jumps to the top of my queue.

Link:
YouTube: https://t.co/f9L4RsluCx
Apple: https://t.co/CGjap0MP8b

Here are my notes and key takeaways: 🧵