Wall Street Prodigy

[Wall Street Prodigy @wallstprodigy]

Believe it or not: There are people pulling in $250k per year and STILL living paycheck to paycheck.

Making money is only one part of the equation...

You also need to know how to manage and grow money if you want to get rich.

[Wall Street Prodigy @wallstprodigy]

Aggressively increasing your income without increasing your expenses is a potent combination to build a massive amount of wealth

[Wall Street Prodigy @wallstprodigy]

Yes, you need a car, but you DON'T need a $700/month car payment.

Yes, you need a place to live, but you DON'T need a place that costs 3/4 of your income.

Yes, you need to eat, but you DON'T need to spend $300 per week eating out.
Live modestly and build wealth

[Wall Street Prodigy @wallstprodigy]

I became obsessed with investing once I realized I don't want to spend the rest of my life working for somebody who can tell me when I can and can't take time off for the rest of my life.

[Wall Street Prodigy @wallstprodigy]

5 years of aggressively investing & focus will change the course of your entire life

[Wall Street Prodigy @wallstprodigy]

The cool thing about investing in the
S&P 500 is that if a company starts to massively fumble, turn unprofitable, and lose market valuation, it will get booted out and replaced with a better company. All without you having to do anything.

[Wall Street Prodigy @wallstprodigy]

You'll piss off a lot of people when you make a lot of money, avoid drama, & mind your own business.

Do it anyway.

[Wall Street Prodigy @wallstprodigy]

Get rich without anyone knowing you're rich.

That's how you'll keep your peace and quiet.

[Wall Street Prodigy @wallstprodigy]

A tax refund is not free money from the government

It's money you loaned the government all year at 0% interest..
The

[Wall Street Prodigy @wallstprodigy]

Working a job and never owning any assets means spending your entire life being someone else's passive income

[Wall Street Prodigy @wallstprodigy]

Be uncomfortable for a year or two to be comfortable for the rest of the years to come.

Read that again.

[Wall Street Prodigy @wallstprodigy]

The compound effect doesn't work with $0.

Investing anything is always better than investing nothing.

[Wall Street Prodigy @wallstprodigy]

Even though investing during a bear market is psychologically painful, there’s one thing I found joy in-

Not seeing as many screenshots of Robinhood accounts from people talking about $GME $AMC and $BBBY going to the moon.

[Wall Street Prodigy @wallstprodigy]

8-10% annual returns sounds like nothing If you don't understand compound interest.

To those who do understand, they know the small gains turn into big gains over enough time.

[Wall Street Prodigy @wallstprodigy]

Over the last 5 years I’ve made it a habit to spend at least an hour per day reading/learning more about investing my money.

Every time I learn something new, I immediately apply it.

It’s changed my life and that habit can change yours too!

[Wall Street Prodigy @wallstprodigy]

Here’s my tips to overcome the psychological impacts of investing…

1. STOP FREAKING LOOKING AT YOUR PORTFOLIO!

2. Make your contributions automatic and so you don’t have to look.

3. Keep reminding yourself that in 20-30 years you’ll be a millionaire.

[Wall Street Prodigy @wallstprodigy]

I’m 1,000 shares deep. I’m willing to let this money sit for 10 years and see what happens.

It’s way safer than playing with options and it has the same reward potential.

I’ll see you guys at $1m+ 🤗

[Wall Street Prodigy @wallstprodigy]

I’m a firm believer that tech is going to bounce back hard after the market bottoms.

After the Dot-com bubble, tech boomed and hasn’t stopped.

[Wall Street Prodigy @wallstprodigy]

Here’s where I currently stand: