Kade

Random thoughts on money/ investing/ self-improvement & turquoise is my fav colour.

[CooperBaggs 💰🍞 @edgaralandough]

NOBODY WARNED ME AT 32. SO I'M WARNING YOU.
(Write these down. Save them. Screenshot them.)

1. Your parents are not background characters.

[Reads with Ravi @readswithravi]

don’t take it personally.

[Reads with Ravi @readswithravi]

what actually consistency is.

[Mark Wlosinski @LTI_finance]

The most valuable gift you could ever give your children is a financial education.

5 graphics to help you teach your kids about money:

[Sahil Bloom @SahilBloom]

A lesson I wish I learned earlier in life:

[10-K Diver @10kdiver]

1/

Get a cup of coffee.

This is a thread that @ruima and I wrote jointly.

In this thread, we'll help you estimate how much "margin of safety" a company has when it's loaded with debt.

Understanding this will help you avoid Evergrande-type fiascos in your own portfolio.

[Jonathan Swanson @swaaanson]

But why does he do that?
Because he understands Parkinson's Law better than anyone in the world.

Parkinson's law states that work expands to fill the time available for its completion.

The tighter the deadline, the more work gets done in a shorter time

[Reads with Ravi @readswithravi]

“If you read good books, you'll have an easier time understanding what you should or shouldn't pay attention to,” says Morgan Housel.

He is the author of two amazing books, The Psychology of Money and Same As Ever.

Here is the list of 20 books recommended by @morganhousel 🧵

[Clint Murphy @IAmClintMurphy]

• Exponential Thinking

People think incrementally about life.

They think if you invest each month, you'll incrementally improve,

not realizing at some point compounding will drive exponential results.

Small smart choices + consistency + time = exponential results.

[Clint Murphy @IAmClintMurphy]

• Build your Get Shit Done Muscle

Nothing matters more than this. Nothing.

When you've never achieved hard things, everything seems scary.

When you've done an Ironman or an Ultramarathon, everything seems easy.

Start small. Take a first step. Do harder things, regularly.

[Hasan Toor @hasantoxr]

12 secret websites powered by AI to finish hours of work in minutes (Don't miss them):

[Brian Feroldi @BrianFeroldi]

Tom Engle is an incredible investor.

He worked for 9 years, quit, and has lived off of his portfolio for 40 years.

How? His BRILLIANT cash management strategy.

Here's how it works:

[Brian Feroldi @BrianFeroldi]

Let's say Tom's portfolio is worth $100,000 in the middle of a bull market.

Tom is happy with this number and wants to protect it.

He mentally calls this $100,000 his "protected value."

All his cash management decisions are based on this number.

[Stepan Hlinka @stepanhlinka]

YouTube is free education.

But 95% follow the wrong channels.

Here are 10 channels that will teach you new skills:

[Brian Feroldi @BrianFeroldi]

I've been investing for 18+ years.

Here are 10 painful lessons I had to learn the hard way:

[Blake Burge @blakeaburge]

The Law of Patience brings to mind a quote...

“What man actually needs is not a tensionless state but rather the striving and struggling for some goal worthy of him.” –– Victor Frankl

[Brian Feroldi @BrianFeroldi]

Use your salary to make more money, not to look like you have more money

[Colby Kultgen @thecolbykultgen]

The 7 best TED Talks I've ever seen:

[Brian Feroldi @BrianFeroldi]

Financial freedom isn't desirable because you then do nothing

It's desirable because you have the option to do nothing

[Brian Feroldi @BrianFeroldi]

What I was taught:
✍️Get good grades
🏢Get a safe job
💵Earn a good salary
🪜Climb the corporate ladder

What I’m teaching my kids:
📈Invest, invest, invest
👥Network with successful people
📚Never stop learning
🧠Think like an entrepreneur