wealth.education.daily

Personal finance education
10 years in finance and counting
Some thoughts and opinions in between
Not financial advice

[wealth.education.daily @wealth_edu_]

Starting this page to share some tips and advice I have learned over the last 10 years to help people work their way towards financial freedom. By no means am I an expert, but it’s important we all learn basic financial literacy. Follow along!

[wealth.education.daily @wealth_edu_]

What is the biggest financial mistake most people make that is easily fixable?

[wealth.education.daily @wealth_edu_]

@SteveOnSpeed depends on many things - income, lifestyle, savings, investments, etc

[wealth.education.daily @wealth_edu_]

After 10 years managing assets on Wall Street I can tell you that the wealthiest people I have ever worked with do not just earn differently. They think about income in a completely different category. A salary is not the goal. A salary is the starting capital.

[wealth.education.daily @wealth_edu_]

I accepted my first salary offer without negotiating because I was grateful to have the job and scared of seeming difficult. I had no idea that decision would echo through every single raise, bonus and job offer for the next decade.

[wealth.education.daily @wealth_edu_]

@MiniRetireMatt travel, travel, and travel some more. The world is huge and many only see 1% of it

[wealth.education.daily @wealth_edu_]

@Budgetdog_ it's possible, but the market is way ahead of itself. One of the most valuable companies in a matter of a week and yet it is not even generating a profit. I do believe it will be one of the biggest companies of the future, but time will tell

[wealth.education.daily @wealth_edu_]

@Budgetdog_ such an under utilized tool

[wealth.education.daily @wealth_edu_]

This is why investing is so important. The economy is only getting more expensive and pricing out more and more people. Start investing today

[unusual_whales @unusual_whales]

BREAKING: The affordability crisis is so bad that, for the first time ever, both mom and dad are working full-time in most American families, per FORTUNE

[wealth.education.daily @wealth_edu_]

Nobody talks about the free ways to increase your net worth because there is no product to sell alongside them. No advisor commission. No management fee. No course to buy. Just five actions that cost nothing and produce real measurable results immediately.

[wealth.education.daily @wealth_edu_]

The most expensive investment decision most people make is not picking the wrong stock or timing the market incorrectly. It is paying 1% in annual fees on a fund that could be replaced with an identical one charging 0.03%. That difference compounds silently and invisibly

[wealth.education.daily @wealth_edu_]

@Budgetdog_ A big part of lifestyle inflation comes from wanting to impress others

[wealth.education.daily @wealth_edu_]

Nobody explains the HSA correctly. Your employer hands you a benefits packet. The HSA gets one page. It says use it for medical expenses. What it does not say is that you can invest the balance in index funds. That it grows completely tax free.

[wealth.education.daily @wealth_edu_]

I tried three side hustles in my 20s. All three generated income that I mostly spent on things I barely remember today. What I wish I had done with even half of that income was invest it and let compound interest do what it does!

[wealth.education.daily @wealth_edu_]

@shaguncrypto What’s your px target for Bitcoin?

[unusual_whales @unusual_whales]

"It is a historically bad time to buy a home now," per BI

[wealth.education.daily @wealth_edu_]

What to do with your first paycheck:

1. Open up a HYSA
2. Get your 401K match
3. Set some aside to invest
4. Write down your expenses to keep track of where the paycheck is going

Anything leftover, pay yourself and have some fun!

[wealth.education.daily @wealth_edu_]

@cornholdio @InvestingAddict @SteveOnSpeed Bitcoin is not money by the very definition of what money is

[wealth.education.daily @wealth_edu_]

What’s a personal finance lesson you learned later in life?

[wealth.education.daily @wealth_edu_]

@InvestingAddict @SteveOnSpeed None of the Bitcoin believers can actually tell you why it’s a good investment or why it’s useful