Taxes are your biggest expense in life so strategic tax planning is a must, pay your legal share and not a dollar more.
Tax code is over 75,000 pages and the wealthy use every page to legally avoid taxes (and you should too)
Here are 7 tax tips that can save thousands:
Jimmy Butler said, “Come at me. You got the best of me, but you got to do it every time.”
Muhammad Ali said, “I am the greatest, I said that even before I knew I was.”
Your self-talk is powerful.
Your self-talk is either going to empower you or defeat you.
Negative self-talk is common, but you have to eliminate it or reframe it if you want to succeed.
Here are the most common forms of negative self-talk and how to reframe them:
1. "I'm such a failure." -> "I have faced challenges before and learned from them."
By reframing the self-talk, you shift the focus from labeling yourself and blaming yourself to focusing on self-growth. This change in language encourages a positive mindset and fosters resilience. It reminds you that setbacks are part of the learning process and that you have the ability to overcome future obstacles.
2. "I'll never be good enough." -> "I am constantly growing and improving."
This replaces the negative self-talk of feeling inadequate with the recognition of continuous growth and improvement promotes a growth mindset. By shifting the language, you focus on personal development and progress. Your worth is not static, but rather something that evolves.
3. "I can't do it." -> "I have the ability to overcome obstacles."
This helps you move from a defeatist attitude to empower yourself to face challenges head-on. It instills a sense of self-belief and confidence in your abilities. It helps you recognize that while the task at hand may be difficult, you possess the skills, determination, and resourcefulness necessary to find solutions and succeed.
4. "I always mess things up." -> "I am allowed to make mistakes and learn from them."
By reframing mistakes as valuable learning experiences, you create a positive environment for self-improvement. This change in language fosters resilience and encourages a mindset focused on progress rather than dwelling on past failures.
5. "I'm not as good as others." -> "I have my own unique strengths and abilities."
It encourages you to focus on your own journey, rather than constantly comparing yourself to others. This language allows you to appreciate your own achievements and contributions, leading to increased self-esteem and a healthier perspective.
- - -
"Be mindful of your self. It's a conversation with the universe." — David James
Follow me @coachajkings for more content like this!
The S&P 500 is up 12% YTD
Look at the YTD gains from these 10 stocks:
+187% C3 AI $AI
+169% Nvidia $NVDA
+126% Palantir $PLTR
+92% Spotify $SPOT
+82% AMD $AMD
+81% Coinbase $COIN
+45% Broadcom $AVGO
+40% Microsoft $MSFT
+39% Apple $AAPL
+38% Applied Materials $AMAT
Kobe Bryant worked like he had no talent, then he played like he believed he was the best player in the world. Prepare with humility; perform with confidence.
- via @BallisPsych
Monthly savings required to reach $1,000,000 by 65 at a 7% annual return:
20-$264/month
25-$381/month
30-$555/month
35-$820/month
40-$1,234/month
45-$1,920/month
50-$3,155/month
55-$5,777/month
60-$13,968/month
The earlier you start, the cheaper it is!
When I Started Day Trading My Account Went From:
$30k—> $3k—> $1,000,000+
In this thread I’ll teach you one of the most IMPORTANT aspects of trading:👇
(1/11)
Jimmy Butler only got 1 JuCo scholarship out of high school. He accidentally got scouted by Marquette. Was deemed as not a max player by 3 NBA franchises.
Erik Spoelstra was a video coordinator for the Heat. People wanted him fired in year 1 as a Head Coach with the Heatles.
Two franchises picked Mike Conley and Goran Dragic to be their lead guards over Kyle Lowry. He went on to make 3x as many All-Star teams as both and become maybe the GOAT of a franchise and a champion.
Bam Adebayo is consistently one of the most underrated defenders in hoop. He’s never finished top 3 in DPOY voting.
Caleb Martin, Max Strus, Gabe Vincent, Duncan Robinson all went undrafted. Martin was waved by the Hornets 2 seasons ago. Kevin Love was a buyout guy.
A lot of people have been asking the Heat players and coach if they hear the skepticism and doubt around them and they’ve all answered with a resounding “No, we do not care”.
Why? Because the majority of them have been counted out and doubted their whole careers.
That, imo, is what Heat Culture is.
To be resilient in your approach and unwavering in your confidence level.
When you put all of that into context — it shouldn’t be surprising that this 8th seeded Heat team that is comprised of these oft-doubted players is 2 wins away from the NBA Finals.
The technical, on-court aspect of how the Heat have manufactured this run and played within their own style is extremely important to recognize and highlight.
But I think the story around this team, it’s players and how they’ve all become used to being counted out, is equally as poignant. That’s WHY they’re as cohesive as they are. That’s why they’re able to play as such a team.
Because they’re all like-minded, consistently-doubted individuals with one common goal: prove people wrong.
If you open a Roth IRA at 18 and invest $100/week into an S&P 500 index fund until you're 40, you should have ~500,000 tax-free.
You would have only spent ~$100,000 of your own cash, and the gains would have all been due to compounding returns.
This is the power of time.