The 🔟 Most Important Money Lessons

I Wish I Could Teach My Younger Self 🧵

1⃣ ALWAYS live below your means
2⃣Developing a long-term mindset

is the foundation of financial success
3⃣In the beginning, your savings rate is all that matters

Eventually, your investing returns are all that matters

Focus your time accordingly
4⃣Financial freedom is achievable

The price is ~10 years of hardcore saving/investing
5⃣Wealth is built in your free time at home

not at work
6⃣If you learn how to convert your salary into wealth

you'll become financially unstoppable
7⃣There will never be a "perfect" time to invest

Just buy regularly and ignore all forecasts, declines, and news headlines
8⃣In the short-term, sentiment controls stock prices

In the long-term, earnings control stock prices
9⃣Don't worry about your short-term results
🔟Remember to have as much fun as possible on the journey

Don't take yourself too seriously

Make friends. Play games. Travel. Connect with your community!

If you don't enjoy the journey, you won't enjoy the end result
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More from Brian Feroldi

Last week, I asked my followers to share their favorite Twitter threads

I receive tons of wonderful replies and read through them all

Here are 31 amazing threads that are well worth your time ⬇️

1/ @10kdiver on


2/ @aaronbush100 on 20 semi-controversial investing


3/ @annieduke on category


4/ @awilkinson on losing

More from Life

1/ Here’s a list of conversational frameworks I’ve picked up that have been helpful.

Please add your own.

2/ The Magic Question: "What would need to be true for you


3/ On evaluating where someone’s head is at regarding a topic they are being wishy-washy about or delaying.

“Gun to the head—what would you decide now?”

“Fast forward 6 months after your sabbatical--how would you decide: what criteria is most important to you?”

4/ Other Q’s re: decisions:

“Putting aside a list of pros/cons, what’s the *one* reason you’re doing this?” “Why is that the most important reason?”

“What’s end-game here?”

“What does success look like in a world where you pick that path?”

5/ When listening, after empathizing, and wanting to help them make their own decisions without imposing your world view:

“What would the best version of yourself do”?

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I think a plausible explanation is that whatever Corbyn says or does, his critics will denounce - no matter how much hypocrisy it necessitates.


Corbyn opposes the exploitation of foreign sweatshop-workers - Labour MPs complain he's like Nigel

He speaks up in defence of migrants - Labour MPs whinge that he's not listening to the public's very real concerns about immigration:

He's wrong to prioritise Labour Party members over the public:

He's wrong to prioritise the public over Labour Party