Yash Tardeja

CA | Melophile| Foodie| Avid News Reader|
Tweets usually consists of info or paras I personally come across while reading...

[Yash Tardeja @YTardeja]

The primary source of resistance to the changes we are seeking is our own identity.

[Yash Tardeja @YTardeja]

@xzx_slipknot Ms dhoni

[Sahil Bloom @SahilBloom]

I’m convinced that intelligence is overrated.

Intelligent people are more likely to overthink, overplan, and overanalyze. They hide behind motion that doesn't create progress. They fear the judgment of others if they're proven wrong.

The truth is that intelligence is abundant. Especially now. AI is making it a commodity. Courage is not. And it can’t be replaced. The people you admire are the ones who had the courage to act. They aren’t more talented than you. They aren’t smarter than you. They just took action when you didn’t.

I often wonder how many extraordinary people wasted their entire lives waiting for permission that never came. Permission isn't granted. Permission is taken. You get to tap yourself in whenever you want. You can just do things.

Courage beats intelligence. Remember that.

[Raj Shamani @rajshamani]

You feel mentally exhausted after “doing nothing” because your brain spent the day switching contexts. A video, a text, a task, a worry, a notification, a memory. Switching is invisible labour, and most people underestimate how tiring it is.

[Sahil Bloom @SahilBloom]

I think there are two types of optimism:

1. Passive Optimism
2. Active Optimism

Passive Optimism is exclusively about belief. The belief that things will work out. Blind faith.

Active Optimism is about belief that begets action. The belief that things will work out, and the action to make sure they do. Earned faith.

Passive Optimism fails for the same reason Pessimism does. Because it doesn’t move. The passive optimist does nothing because he thinks he doesn’t have to.

And the reality is that Passive Optimism can often masquerade as patience, faith, or even wisdom. It’s the career path that will sort itself out. It’s the relationship struggle that will surely disappear with time. It’s the health issue that will eventually go away.

Belief is great. Faith is great. But without appropriate action, they are a recipe for long-term disappointment.

A mentor once told me this:

Always assume things will work out, then do the work to make it true.

That combination creates a quiet confidence that allows you to tolerate uncertainty better than anything else.

It’s a mindset of Active Optimism. Belief and action.

[Mark Manson @Markmanson]

The people who wait until they feel ready never feel ready.
ㅤ
Readiness is not a feeling you discover; it's a state you create through action.

[Yash Tardeja @YTardeja]

Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.

[Ravisutanjani @Ravisutanjani]

🚨 Requested Credit Card Cancellation

Bank Didn’t Respond or Took Any Action

Filled a Complain with RBI Ombudsman

Now Bank Has Reversed The Annual Fee, Cancelled The Card and Offered ₹15,000 Compensation After RBI Intervention

Very Important Thread 👇

[Yash Tardeja @YTardeja]

A happy person isn't someone who's happy all the time.
It's someone who effortlessly interprets the events in such a way that they don't lose their innate peace.

[Yash Tardeja @YTardeja]

Retirement is when you stop sacrificing today for an imaginary tomorrow. When today is complete, in and of itself, you are retired.

[Yash Tardeja @YTardeja]

Annihilating is easy.
Razing things to the ground is easy.
Trying to fix what's broken is hard.
Hope is hard.

[Yash Tardeja @YTardeja]

What you feel tells you nothing about the facts - it merely tells you something about your estimate of the facts.

[Yash Tardeja @YTardeja]

It's a reasonable step to go ahead and make money.

[Yash Tardeja @YTardeja]

Money buys you freedom in the material world. It's not going to make you happy, it's not going to solve your health problems, it's not going to make your family great, it's not going to make you fit, it's not going to make you calm. But it will solve a lot of external problems.

[Yash Tardeja @YTardeja]

Whenever you can in life, optimize for independence rather than pay. If you have independence and you're accountable on your output, as opposed to your input - that's the dream.

[Narendra Modi @narendramodi]

In order to further sustainable development and people’s wellbeing, we are launching the PM Surya Ghar: Muft Bijli Yojana. This project, with an investment of over Rs. 75,000 crores, aims to light up 1 crore households by providing up to 300 units of free electricity every month.

[Yash Tardeja @YTardeja]

Become the best in the world at what you do. Keep redefining what you do until this is true.

[Yash Tardeja @YTardeja]

Life is the best teacher of all. Most of the time, life does not talk to you. It just sort of pushes you around. Each push is life saying, ' Wake up. There's something I want you to learn. '

[Yash Tardeja @YTardeja]

There is a difference between being poor and being broke.Broke is temporary. Poor is eternal.

[Andrew Lokenauth @FluentInFinance]

Never let a job steal your life — Here are 20 tips on retiring earlier and building more wealth (with a high rate of return):

1) According to many, being “rich” looks like:

• Mansions
• Sports cars
• Designer clothes
• Luxury vacations

But, true wealth really is:

• Health
• Time freedom
• Location freedom
• Financial freedom

Money is a tool, so use your income to buy assets.

2) The financial freedom roadmap:

• Avoid lifestyle creep
• Create a budget to cut expenses
• Max out your Roth IRA & 401k match
• Pay off high-interest consumer debt
• Establish a 3-6 month emergency fund
• Increase your income with investments, side hustles, or side business

3) Consider opportunity cost when making large purchases. If you make $20/ hour:

• A night out isn't $300, it's 15 hours of your time (or 2 days of work)

• A car isn't $50,000, it's 2,500 hours of your time (or 357 days of work)

Time is your most valuable asset, use it wisely

4) Your network will determine your net worth, so surround yourself with mindsets to help you grow, not hold you back.

Surround yourself with those who lift you higher and let go of those who don’t.

Create a network that discusses opportunities to make money, not only spend it.

5) Schools won't teach you this, but you'll be working for money your whole life unless you start making money work for you.

Every dollar is an employee & needs to be given a job.

Use your salary to invest in passive income so that passive income replaces your salary.

6) If want to build wealth, you must learn as much as you can about:

• Taxes
• Investing
• Real Estate
• Personal Finance
• The Stock Market
• Financial Planning

Money may not buy happiness, but money will eliminate the stress & anxiety that not having money creates.

7) Who you choose to marry will be one of the biggest financial decisions of your life.

A mistake can cost thousands, including time, peace, and legal fees.

The right decision will help you reach your highest potential and live a happy and fulfilling life.

8) It doesn't matter if you've invested $100 or $1,000 or $10,000,

What's important is that you're doing something to improve your future and build generational wealth.

Investing for 20 years may seem hard, but being old and broke will be a lot harder.

Choose your "hard".

9) If you don't know where to start investing, buy an Index Fund that tracks the S&P 500.

You can have over $1.3 million when you are 60 if you invest $100 a week ($400 a month) into an S&P 500 index fund at 25, which historically earns about 11% ear year, on average.

10) You can't “save” your way to wealth, you must invest.

Each day your money sits in a bank, you're losing money due to inflation. You must invest in assets to protect your cash.

The richest 10% of Americans own 90% of all stocks, and the bottom 90% only own 10% of all stocks.

11) Health is wealth

Many costly medical problems are caused by poor sleep, lack of exercise, or bad nutrition.

Medical bills can be very expensive and can add up over time.

Take care of your health now to avoid high expenses in the future.

12) Everything in life is negotiable:

Negotiating is a very skill when it comes to building wealth.

Whether you're negotiating a raise for work, the price of a car or home, or the interest rate on a loan, learning to negotiate will help you save money and increase your wealth.

13) Teach your child about money:

Warren Buffet has a children’s cartoon with 26 episodes where he teaches:
• Wealth
• Money
• Investing
• Business
• Personal Finance

4 Board Games to teach kids about money:
• Payday
• Monopoly
• Cashflow 101
• The Game of Life

14) Hire your kids tax-free:

If you own a business & have kids under 18, you can pay them $13,850 tax-free & deduct it from your taxable income.

Your child will owe $0 in taxes & you legally avoided tax on $13,850.

They can invest $6,500 of that in a tax-free ROTH IRA.

15) Make your child a millionaire by 25:

• Invest $150/week in an S&P 500 index fund when they are born & nothing more

• By the age of 25 this should grow to over $1 million due to compound interest

*based on an 11% return after the S&P 500's historical average over 96 years

16) Maximize your employer 401k matches so "free money" can compound:

a 401k match is free money from your employer, which grows tax-free until you withdraw it.

This will result in a substantial amount of money over time due to the power of compound interest.

17) Maximize your Roth IRA contributions for retirement:

A Roth IRA can make you a tax-free millionaire, it's the ultimate tax loophole.

Investing $100 a week into your Roth IRA with an S&P 500 Index Fund will change your life

Aim to contribute the maximum, $6,500 per year

18) A car is a depreciating asset (a new car loses ~20% of its value the minute it's driven off the lot)

Don't overspend on an expensive car, just to drive it to a job you hate.

If your car payment is higher than your credit score, you don't need it.

19) Recognize lifestyle creep

Making more money won't fix poor spending habits.

Just because you start making more money, doesn’t mean you should spend more.

Increasing your lifestyle expenses without increasing your income will cause your expenses to build up in the long run.

20) Not negotiating your salary will cost you thousands over the course of your career.

Most employers have flexibility when it comes to salary.

If you don't negotiate your salary, you are leaving money on the table that you could have had if you had just asked.

[Yash Tardeja @YTardeja]

The ability to do what you want, when you want, for as long as you want has an infinite ROI.