By age 35, you should focus 100% on these... - Thread -
1. Paying yourself first You are your number one financial priority Prove it to yourself by saving at least 10% of your income Automate this process though savings deductions Then, after paying yourself are you allowed to pay everyone else
2. Tracking your expenses “What isn’t measured, isn’t managed” Those who get rich have a purpose for every dollar they have To emulate this approach, track your expenses Do this through an app, excel or a piece of paper Consider cash, credit and debit expenditures
3. Multiplying your money If you want to get by - save money If you want to get rich - multiply money You multiply by investing in assets like: - Real estate - Stocks - Businesses - Yourself If you want to get rich quick, this is the only way
4. Protecting from unnecessary loss Money is hard enough to make - Avoid unnecessary losses by: - Researching your investments - Avoiding get rich quick schemes - Investing to sidestep inflation The more losses you avoid, the quicker your path to wealth
5. Owning your home Own over renting for the: - Potential for value increases - Stability in living situation - Ability to leverage low-interest debt - Pride of ownership Owning a home puts your financial success in your own hands This is incredibly powerful…
6. Locking in future income When you’re 80 years old, you won’t want to work As such, you need a future income to keep you going Start now at building up your nest egg With $2 million invested at 4%, you can live off $80K a year Start now - your future self will thank you
7. Keep earning more Saving isn’t the key to financial success - earning is… Every month, aim to make a little bit more money Make a game out of it and set the bar higher over time Ex/Make $50 extra per month, then $100, then $200 You will become a money making machine!
This is what I did to start making an extra $5k/mo online: 1. Learned a monetizable skill 2. Signed up on freelance websites 3. Applied to projects 4. Profit Here's my full course explained this process (50% off for first 10 people):
adamdelduca.gumroad.com/l/SideHustleSu…
If you enjoyed this thread, I'd appreciate a RT of the first tweet. I write a daily thread on building wealth with online income Follow me for financial wisdom that will change your life forever: @Adam_DelDuca
