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Wealthy Brains
@Wealthy_Brains 5 years, 4 months ago 952 views

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Biggest Regrets: Lessons from a 100 Years Old

~ Thread ~

1. You will regret not choosing your life partner carefully

Take the time to get to know someone before committing.

Make sure the person is the right one.

2. You will regret not spending time with loved ones

You feel more stressed,

When you don't spend enough with people you love.

Don't pursue professional life at cost of personal life.

3. You will regret not traveling enough

Travel when you’re able to.

It opens new perspectives of life for you.

4. You will regret settling in a condition you hate

Our human lives are very finite.

It's not so cheap to spend somewhere you hate.

5. You will regret worrying about what others think about you

What other people think of you is none of your business.

It's about their mindset, not about you.

6. You will regret not paying yourself first

You may spend most of your money on materialistic things,

But how much do you spend on yourself?

Ask this question continuously to yourself.

7. You will regret deteriorating your health

You will never be proud of:
- Not working out
- Being a regular smoker
- Being a crap eater

Change your habits before it's too late.

Thanks for reading.

If you have learned something from it, Retweet the first tweet to help others.

https://t.co/ZonMI5Tn8t

Biggest Regrets: Lessons from a 100 Years Old

~ Thread ~
— Wealthy Brains (@Wealthy_Brains) February 20, 2021

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Wealthy Brains
@Wealthy_Brains

Money Myths: Busting the lies you believe

~ Thread ~

1. Wealth Building is mostly luck.

"I was born poor, So I can't die rich,

Millionaires just inherit their wealth"

Remember, 80% millionaires are first-generation millionaires.

2. Banks are your saviors

Banks are not there to protect your money,

Rather they lend your money to make more money.

Bank is a business model for them, not a service for you.

3. Investing in markets is too risky

$SPX price raised by 4,000% since 1980.

In long run, Stock market is money-making machine.

Don't be afraid to invest, afraid to money eaten up by inflation.

4. Looking rich will make you rich

What's the use of a Lambo purchased on debt to look rich?

Looking rich will make you poor from inside.

Only spend what you can afford comfortably.

Wealthy Brains
@Wealthy_Brains

How to Network: Must read for shy people

~ Thread ~

1. Start with Whom You Know

Start slow by networking with relatives and friends.

Once you gain some courage, you can expand to strangers too.

2. Put on a Happy Face

SMILE

This is such a basic rule yet people just don't think about it.

3. Listen to be Heard

Everyone wants to talk about themselves.

If you are shy, be a good listener.

If you let them speak, they will remember it as a great conversation

4. Say their Name

People like to hear their own names.

Calling them by their name would make them more comfortable.

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@Wealthy_Brains

Lessons I learned from "Rich Dad, Poor Dad"

~ Thread ~

1. Put your money to work

You cannot get rich with your money in savings account,

Invest it in appreciating assets.

2. Amount of money retained matters

It is not the amount of money you make,

It's the amount of money you keep that matters.

3. Acquire assets

Rich people acquire assets while poor accumulates liabilities,

Your choices will determine your fate.

4. You are not born to work for others for lifetime

Most people consider this slavery as their life,

Completely forgetting the life possible beyond that.

$Wealthy Brains | Life \u2022 Wealth \u2022 Innovations$

Wealthy Brains | Life ...
@Wealthy_Brains

Life Truths from a 100 years old

~ Thread ~

1. When in doubt, keep moving.

Stagnation causes the most failures.

2. Your job won't take care of you when you are sick,

Your family and friends will.

3. Life is too short to do things you hate

4. You don't need to win every argument.

Just be honest to yourself.

$Wealthy Brains | Life \u2022 Wealth \u2022 Innovations$

Wealthy Brains | Life ...
@Wealthy_Brains

Want to rewire your Brain?

Read books, 3 hours daily for next 1,000 days

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Corey Gwin
@corey_gwin

It doesn't happen because you want it to happen.

It doesn't happen because you made it happen.

It happens because you allow it to happen.

https://t.co/j5hPyw9m9m

There is a fine line between persistence and stubbornness.

True for life, true for investing.
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Gather round, Gentle Readers. It is time I tell the story of the worst decision I ever made in an office. Some of you have heard this. Some have not. Whatever you do in your office today, this week, the rest of this year, you can console yourself by recalling this tale.

A long time ago, I was a talent agent. I worked for a woman named Susan Smith, who had her own small boutique agency. She was known for three things:

1. She had fantastic taste in clients. If there is someone you admire, odds are good that at some point, she was their agent,

2. She could negotiate a deal like few who have ever trod the earth. Casting would give her all the money they had budgeted for that part, plus a little more, plus promising to get her dog Barnaby groomed. She was magnificent to watch.

3. She was insane.

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Erik Torenberg
@eriktorenberg

1/ Some initial thoughts on personal moats:

Like company moats, your personal moat should be a competitive advantage that is not only durable—it should also compound over time.

Characteristics of a personal moat below:

I'm increasingly interested in the idea of "personal moats" in the context of careers.

Moats should be:

- Hard to learn and hard to do (but perhaps easier for you)
- Skills that are rare and valuable
- Legible
- Compounding over time
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2/ Like a company moat, you want to build career capital while you sleep.

As Andrew Chen noted:

People talk about \u201cpassive income\u201d a lot but not about \u201cpassive social capital\u201d or \u201cpassive networking\u201d or \u201cpassive knowledge gaining\u201d but that\u2019s what you can architect if you have a thing and it grows over time without intensive constant effort to sustain it
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3/ You don’t want to build a competitive advantage that is fleeting or that will get commoditized

Things that might get commoditized over time (some longer than

Things that look like moats but likely aren\u2019t or may fade:

- Proprietary networks
- Being something other than one of the best at any tournament style-game
- Many "awards"
- Twitter followers or general reach without "respect"
- Anything that depends on information asymmetry https://t.co/abjxesVIh9
— Erik Torenberg (@eriktorenberg) November 22, 2018

4/ Before the arrival of recorded music, what used to be scarce was the actual music itself — required an in-person artist.

After recorded music, the music itself became abundant and what became scarce was curation, distribution, and self space.

5/ Similarly, in careers, what used to be (more) scarce were things like ideas, money, and exclusive relationships.

In the internet economy, what has become scarce are things like specific knowledge, rare & valuable skills, and great reputations.

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@priteshopawar

I have a story to tell...

I won't name the person but it's related to someone I know digitally

I've been following him for a year or more

He owns a digital marketing agency and a sells some courses

He had tremendous growth rate on his social media

Everything was going good but today he's shutting down his agency

WHY?

Heavy expenses!

Started providing digital marketing services but

Instantly started running massive number of ad campaigns on his social media accounts

+

Used to pay around Rs 5-10 lakhs per month = rent in a posh area + employees

Result?

Shutting down today

He has a strong personal brand but at the cost of massive investments!

Be it on Ads or PR or some branding

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Life gets better when:

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You learn from disagreements, you don't get upset

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