But it doesn't matter who we were. It more matters who we are and how we relearn and unlearn things we know now.
Work on your relationship with money.
Each. Single. Day.
The goal for 2021:
Get RICH.
Money Stress: Let's Talk About Money
[THREAD]
But it doesn't matter who we were. It more matters who we are and how we relearn and unlearn things we know now.
Work on your relationship with money.
Each. Single. Day.
The goal for 2021:
Get RICH.
Financial stress comes from being in debt. Not earning money.
Lower your expenses to reduce your worry.
Tip 1: Create a Budget
Humans are emotional species. We all get wrong with the money concept.
Learn to be less dependable. Gain more time.
Time > Money
Tip 2: Worth Your Money
We are all Child of Our Time.
The baby boomers are very privileged with gold.
The millennials support the decentralized currency and see Bitcoin as "Millennial Gold".
https://t.co/B04l2VeYPV
Tip 3: Treat Your Time Like Currency
Bitcoin cannot be coerced.
— Naval (@naval) January 11, 2021
That\u2019s why it\u2019s the most important experiment in the world.
Money is just paper. The strength is determined by humans.
Power > Money
Your character means a lot when dealing with money.
Small defects might get magnified as you start to earn more.
Tip 4: Work on Yourself
Read a lot. Write a lot. About your Self. Your MIND.
Join for my FREE weekly MIND newsletter:
https://t.co/VusUOuGEyM
Follow me on my Medium page:
https://t.co/6nqm0zow30
Sign-up for a free ebook coming soon:
https://t.co/T3vgjLc1ig
People like to show off their money.
Some even have a "money balance" syndrome.
Financial issues arise due to a "spending" issue. Not the amount of money you have.
Tip 5: Secure Your Purchasing Power
The 9-5 job sustains security and a predictable paycheck.
But you know what happened back in 2020 pandemics.
Financial stress isn't anything global financial crisis.
Normalize multiple income streams
Tip 6: Don't put all your eggs in one basket
Worrying doesn't solve your finance. No matter how much you make.
Normalize practicing: The 10% Rule
Simple rule where your gross earnings are divided by 10.
Take control of your finance and enjoy your life.
Tip 7: Create a Savings Plan
Improving your finances not only relieves your money pains.
Also buys you more "thinking" time.
Most burn lives just chasing money they never catch.
You can't find your purpose | happiness when you're held by financial stress.
Tip 8: Lengthen Your Life
If you enjoyed or found value inside this thread
Please like and RT the first tweet
https://t.co/wzJ1dHhBha
Money Stress: Let's Talk About Money
— Positive Call (@Positive_Call) January 31, 2021
[THREAD]
More from Finance
Thread Best books recommendation by one of best investor I knew @insharebazaar (Virtually)
He grab many multibagger stocks and His style also unique(1st Seen interview in @TraderHarneet's YT Channel)
He follow Simple process
Young Intelligent Investor who also appeared in ET
1. One Up On Wall Street
2. Rich Dad Poor Dad
Access here : https://t.co/UWOCF732z6
3. The Unusual Billionaires
4. Trading in the Zone
https://t.co/G7mqVPtEM0
5. Market Wizards
6. The Intelligent Investor
https://t.co/yPKBzYyPAl
7. The Five Rules for Successful Stock Investing
8. Reminiscences of a Stock Operator
https://t.co/PiioB3hdHP
He grab many multibagger stocks and His style also unique(1st Seen interview in @TraderHarneet's YT Channel)
He follow Simple process
Young Intelligent Investor who also appeared in ET
1. One Up On Wall Street
2. Rich Dad Poor Dad
Access here : https://t.co/UWOCF732z6
3. The Unusual Billionaires
4. Trading in the Zone
https://t.co/G7mqVPtEM0
5. Market Wizards
6. The Intelligent Investor
https://t.co/yPKBzYyPAl
7. The Five Rules for Successful Stock Investing
8. Reminiscences of a Stock Operator
https://t.co/PiioB3hdHP
Inflation is coming, inflation is coming!
Last month I wrote about the distinction between long-term secular inflation and shorter-term cyclical inflation
It has been clear for several months that we are in the middle of a cyclical rise in
The full thread can be reviewed here:
Today's PPI report should have been expected to surprise to the upside as the leading indicators of inflation have been screaming to the upside for months!
Here is the ISM prices paid index, cumulated into a growth rate
3/
Industrial commodity prices have also seen a major acceleration for months.
4/
So today's PPI report was in line with the leads, suggesting that we have a cyclical upturn in inflation that is * primarily concentrated in the manufacturing sector *
This is a key point.
5/
Last month I wrote about the distinction between long-term secular inflation and shorter-term cyclical inflation
It has been clear for several months that we are in the middle of a cyclical rise in
Now, in the short-term, the manufacturing sector is red hot, driven by a pent-up demand rebound in goods consumption.
— Eric Basmajian (@EPBResearch) January 4, 2021
Commodity prices are screaming which gives legs to "goods" inflation in the short-term.
8) pic.twitter.com/rQcqHf1OD0
The full thread can be reviewed here:
Consensus continues to conflate the inflation story, mixing and matching long-term and short-term charts to fit what is generally a secular inflation narrative.
— Eric Basmajian (@EPBResearch) January 4, 2021
Here are my two cents to make the distinction clear.
1)
Today's PPI report should have been expected to surprise to the upside as the leading indicators of inflation have been screaming to the upside for months!
Here is the ISM prices paid index, cumulated into a growth rate
3/
Industrial commodity prices have also seen a major acceleration for months.
4/
So today's PPI report was in line with the leads, suggesting that we have a cyclical upturn in inflation that is * primarily concentrated in the manufacturing sector *
This is a key point.
5/
