WealthDecrypted

Insights on building long-term wealth. Financial Freedom through good judgement + leverage, not through 9-5.

[WealthDecrypted @WealthDecrypted]

How do you know if you're saving enough? A rule of thumb:

50% Needs (must-haves / non-negotiables)
30% Wants (e.g., dinner out with friends)
20% Savings (e.g., credit card payments, retirement, or an emergency fund)

[WealthDecrypted @WealthDecrypted]

The federal minimum wage in the United States has been $7.25 per hour since July 2009.

In that same time period the cumulative inflation rate according to the CPI has been 22.6%.

That means that the real minimum wage has fallen to $5.61 - a fall of $1.64.

[WealthDecrypted @WealthDecrypted]

The average raise is just 3%.

If you want to earn more money, you should be changing jobs, and often.

Don't be a Corporate monkey.

[WealthDecrypted @WealthDecrypted]

1970: 1Kg of gold would cost about $1,100.

2020: 1Kg of gold would cost about $66,000

This means that over 50 years, the value of a dollar has fallen by about 98.33%.

[WealthDecrypted @WealthDecrypted]

The average US household pays almost $300 a year in bank fees.

Compounded in the stock market over 40 years, thats $71,934.31 worth of future value.

[WealthDecrypted @WealthDecrypted]

Not including digital currencies, there are 180 fiat currencies currently in circulation.

With an average lifespan of 27 years.

The USD has been serving as a global reserve currency for over 90 years.

Bitcoin has been alive for 12.

[WealthDecrypted @WealthDecrypted]

There are only three models for wealth creation.

1. The Business Model
2. The Employment Model (Worked better during the 50's)
3. The Investment Model

[WealthDecrypted @WealthDecrypted]

For a government to spend money, they must first take money either through

1. Taxes; or
2. Printed out of nothing that. devalues your savings

[WealthDecrypted @WealthDecrypted]

I'm more impressed their printer hasn't run out of ink yet.

[WealthDecrypted @WealthDecrypted]

35% of all US dollars in existence have been printed in 10 months.

[WealthDecrypted @WealthDecrypted]

Events on the other side of the world 1000 years ago can affect us more than events in our hometowns today.

[WealthDecrypted @WealthDecrypted]

This means that when a Woman comes to retire, she is in debt.

Hardly a comfy Nest Egg to fall back on.

The Employment model is broken.

[WealthDecrypted @WealthDecrypted]

According to the Office of National Statistic in the UK, the average lifetime earnings of men were £643,000 while those of women were £380,000.

The average person will spend £486,625 on their rent, mortgage payments and car alone throughout their lifetime.

(Continued)

[WealthDecrypted @WealthDecrypted]

If we are to have any chance in meeting our long term financial goals, invest we must

- Yoda

[WealthDecrypted @WealthDecrypted]

#Bitcoin is the fastest digital network to a trillion dollars in the history of the world.

Do you really think it will be displaced at this point?

[WealthDecrypted @WealthDecrypted]

The US printed $8 Trillion last year.

If a pound was a second, that would be 253,680 years worth of money.

[WealthDecrypted @WealthDecrypted]

@VitalikButerin on Learning

"I'm a much bigger fan of learning by doing that of learning via facts and information"

[WealthDecrypted @WealthDecrypted]

Bezos makes $2,489 per second — more than twice what the median US worker makes in one week.

[WealthDecrypted @WealthDecrypted]

We are not taught about GOOD or BAD DEBT in school.

Good debt is that it’s essentially an investment, just like a stock or bond. You’re spending money now in the expectation of getting your money back, and perhaps some profit on top of that, at some point in the future.