BC PARENTING
Saved by @vsamk

Learn these 12 rules in your 20s to become a millionaire in your 30s:

 1. Grow wealth, not social status

Being wealthy isn't about how much you spend.

It means owning assets that generate passive income.

Forget about "keeping up with the Joneses" if you want to become a millionaire.
2. Allocate income consistently

50/30/20 is the commonly recommended ratio for splitting your income:

▪ 50% - needs
▪ 30% - wants
▪ 20% - investments

To become a millionaire sooner, adjust the ratio: allocate more to “investments” and spend less on “wants.”
3. Avoid credit card debt (and other debt traps)

Interest charges and fees from buying on credit inflate costs, using up money you could invest instead.

If you use a credit card, keep a zero monthly balance.
4. Pay Yourself First

Sometimes we lose focus, overspend, and have nothing left for saving or investing.

“Pay yourself first” means deducting savings and investments from your income first, and only spending the remaining amount.

Discipline is crucial.
5. The Rule of Automation

Use technology to make personal finance habits “automatic.”

Apply it to as many tasks as you can. E.g., bill payments, savings, and investments.

Automation takes away the pressure to remember everything and gives you time to grow more income.
6. Prepare for worst-case scenarios

Give yourself a safety net in case something goes wrong.

Deposit 3-6 months of income into an interest-bearing savings account.

Keep the fund only for dire emergencies, and you'll take confidence knowing it's there.
7. Invest in yourself first

Increasing your financial IQ is how to beat the system.

Spend time and money learning about finance so you make sound investment decisions.

If you master simple finance principles, you’ll be ahead of most people around you.
8. Make compound interest work for you

Compound interest is where you earn “interest on interest,” as well as the principal you invested.

An investment with compounding interest grows exponentially.

The sooner you start, the bigger your returns will be.
9. The Rule of 70

Use the Rule of 70 formula to calculate how long it will take for your investment to double.

E.g., an investment with a 7% return each year will double in 10 years (70 / 7% = 10.3).

NB: Sometimes the same method is called the Rule of 72.
10. Invest in Businesses

“You must own equity - a piece of a business - to gain your financial freedom.” - @naval

Investing in companies generates income and long-term wealth.

Ways to do this:

▪ Work for shares
▪ Start your own business
▪ Buy shares in a company
@naval 11. Hold Forever

“Our favorite holding period is forever." - Warren Buffett.

Trading stocks takes specialist knowledge and it’s time-intensive.

Instead, adopt Buffett’s buy-and-hold strategy to invest in stocks/funds to get the biggest return for the least amount of effort.
@naval 12. The 4% Rule

This is the maximum amount you should withdraw from your retirement capital each year.

If you retire with $1 million and draw down 4%, your income will be $40,000 per year.

It's essential to become a millionaire to enjoy life after retirement.
@naval People believe a “millionaire lifestyle" means luxury and high spending, which makes it seem out of reach.

But most millionaires are self-made and learn habits and skills to grow wealth.

Follow these rules in your 20s, and you will be a millionaire in your 30s.
@naval TL; DR

1. Grow wealth, not social status
2. Invest early
3. Avoid credit card debt
4. Pay Yourself First
5. Automate
6. Have an emergency fund
7. Invest in yourself
8. Earn compound interest
9. The Rule of 70
10. Invest in Businesses
11. Hold Forever
12. The 4% Rule

More from Parenting

David Morris
David Morris
@wdmorrisjr
Parents have to choose their battles.

8 fights worth picking with your kids:

Parenting is hard.

We're all figuring it out as we go.

One of the most difficult things to sort through is when to take a stand,

And when to let up.

There's no magic formula for figuring this out,

But these are a few things I've found worth squaring off with your kids over.

The Reading Fight:

Make your kids read.

Of my four kids, one was a natural reader who always had a book in his hands.

For the others, it was a fight.

But it's a fight worth picking,

Because reading is tied to everything from cognitive development to the ability to focus.

My wife teaches ACT prep and works with students on college admissions.

Of all the tips, tricks, and hacks she can provide, there's one thing she says she can't overcome ⏤

A kid who didn't read.

Make your kids read now.

They'll thank you later.

The Outside Fight:

Make your kids go outside.

The natural world teaches us things.

Valuable truths like:

- There's a way things work that I must adapt to (because it won't adapt to me)

- There are things I have no control over

- There are cycles and seasons to life
PARENTING
Sahil Bloom
Sahil Bloom
@SahilBloom
I recently found out I'm going to be a father.

Here are the principles I want to teach my child to live by:

Be Interested

Talent is overrated—interest is not.

Interested people are prone to giving their deep attention to something to discover more about it.

They ask questions, listen, & observe. They open up to the world around them.

Being interested is a key to a fulfilling life.

Different is Beautiful

Growing up, I feared being different—I desperately wanted to fit in.

I made bad decisions grounded in insecurity.

I only realized later: being different is your edge—your ultimate competitive advantage.

No one can compete with you, at being you.

Work Hard

If you want to accomplish anything in life, you have to work hard.

Don't believe the hype. Hard work isn't the sexy, flashy Instagram posts saying "rise & grind”—it's the ugly, painful effort in the dark, when no one is watching.

If you want something, go get it.

Show Up in the Darkest Hour

It's easy to be there for people to celebrate their wins.

It takes character to show up for them in their darkest hour.

People never forget who supported them when the chips were down.

Be the friend who is always there—in good times and bad.
LEARNING , PARENTING , PRINCIPLES
Advertisement
\u0492I\u1e48\u0394\u1e48CI\u0394L IM\u0394GI\u1e48EER | M\u0394\u0393\u0393
ҒIṈΔṈCIΔL IMΔGIṈEER | ...
@FI_imagineer
As a parent, your priority number one is to raise independent adults. Period.

Now:
How about raising "financially independent adults"?

Read on to learn 10 lessons about how you can raise financially independent children:

//thread//


1. Let them get a bad grade

Is getting a bad grade a good or a bad thing? Is losing money at the stock market a bad thing? It depends on what you learn from these lessons!

“When you fail, learn from it. There’s nothing wrong with trying again.”


2. Let them forget their homework, their stuff for gym class, their snack box

The more we help, the more we actually teach them that they can’t manage without parental supervision. This is not encouraging. Hands off from now on!
PARENTING
Divya Mittal
Divya Mittal
@divyamittal_IAS
I have cleared some of the toughest entrance tests in the country like that for IIT, IIM, IAS. It is not that I was not distracted during studies, but I overcame those distractions.

Small tips on how to overcome distractions and get great focus

A thread🧵

Reducing mobile usage

👉 Measure

Check your phone usage and apps u spent time on every week. Many times you dont even know how much time you are wasting on mobile apps. Android users can use free apps like

Steps to reduce usage

👉 Physical distance
Keep the phone with the internet switched off and away from you while studying. You can also keep it locked and with a parent/ friend. Heavens will not fall while you are studying and if it is something urgent, you will get the message.

👉 Technological solution:

Use apps like Blackout to block internet for at least 6 hours every day. Force yourself to study in that time. It is not a free app, but it is very effective. Once it blacks out the phone, you can't go back for the period

👉 Early morning study

Keep the alarm away from you, on loud volume. Most likely once you get up from the bed to switch off the alarm, you will decide to not go back to sleep and study. Early morning study is the best these days especially as it has lesser distractions
PARENTING
Rajat Soni, CFA
Rajat Soni, CFA
@rajatsonifnance
Ensure your kids don't struggle financially later in life.

Here are 5 graphics showing you how to teach kids about money 👉

https://t.co/QCi61hnnE6


https://t.co/UhYoI7U6uy


https://t.co/wt4N2XymYi


https://t.co/cLl04uWyaz
PARENTING

You May Also Like

Jaya_Upadhyaya
Jaya_Upadhyaya
@Jayalko1
SRI BANASHANKARI AMMAN, BANGALORE
#bharatmandir

Located in Southern Bangalore, this is one of the most popular places of worship in Bangalore City.
Devoted to Devi Banashankari, this shrine is visited specially during Rahukala which is believed to be an unfavorable time.


Somanna Shetty, a great devotee of Devi, brought this murti from Badami’s Banshankari Amma Kshetram.
It is said that many years ago, three ladies visited this shrine and requested the pujari to conduct puja for them. Since it was the inauspicious rahu kaal, the pujari refused.


However, upon their insistence, he conducted the puja. When he returned with prasadam, the ladies vanished. This made the people believe that they were none other than the Devi herself. Since then, the people perform poojas here during the Rahukaal.
@GunduHuDuGa


People use lemons as a diya. Lemons are cut from the centre and their pulps are removed, for pouring oil in them.
It is strongly believed that Devi removes all the troubles from the life of her devotees during the Rahukala although it is considered inauspicious for any pooja.
ALL
\u015b\u0101kta
śākta
@LearningShakta
Arya Samaj Exposed ( A Thread)


Today I'm going to expose these so called reviver of Sanatan dharma.

Arya samaj's main book which they treat as their bible is Satyarth Prakasha. Which was written by "Maharishi" Dayanand Saraswati.

Dayanand Condemned Idol worship and blamed it on jains . like really??


The book peddles hate against several Hindu sects.

here is hate against Vaishnavas
RELIGION
Advertisement
Anumah, Abdulraheem Okehi \U0001f468\u200d\U0001f52c\U0001f1f3\U0001f1ec \U0001f1eb\U0001f1f7 \U0001f1f5\U0001f1f9 \U0001f1ea\U0001f1f8
Anumah, Abdulraheem Ok...
@AnumahABD
Department List of UCAS-China PROFESSORs for ANSO, CSC and UCAS (fully or partial) Scholarship Acceptance
1) UCAS School of physical sciences Professor
https://t.co/9X8OheIvRw
2) UCAS School of mathematical sciences Professor

3) UCAS School of nuclear sciences and technology
https://t.co/nQH8JnewcJ
4) UCAS School of astronomy and space sciences
https://t.co/7Ikc6CuKHZ
5) UCAS School of engineering

6) Geotechnical Engineering Teaching and Research Office
https://t.co/jBCJW7UKlQ
7) Multi-scale Mechanics Teaching and Research Section
https://t.co/eqfQnX1LEQ
😎 Microgravity Science Teaching and Research

9) High temperature gas dynamics teaching and research section
https://t.co/tVIdKgTPl3
10) Department of Biomechanics and Medical Engineering
https://t.co/ubW4xhZY2R
11) Ocean Engineering Teaching and Research

12) Department of Dynamics and Advanced Manufacturing
https://t.co/42BKXEugGv
13) Refrigeration and Cryogenic Engineering Teaching and Research Office
https://t.co/pZdUXFTvw3
14) Power Machinery and Engineering Teaching and Research
EDUCATION
Indian Quant
Indian Quant
@indian_quant
Nano Course On Python For Trading
==========================
Module 1

Python makes it very easy to analyze and visualize time series data when you’re a beginner. It's easier when you don't have to install python on your PC (that's why it's a nano course, you'll learn python...

... on the go). You will not be required to install python in your PC but you will be using an amazing python editor, Google Colab Visit https://t.co/EZt0agsdlV

This course is for anyone out there who is confused, frustrated, and just wants this python/finance thing to work!

In Module 1 of this Nano course, we will learn about :

# Using Google Colab
# Importing libraries
# Making a Random Time Series of Black Field Research Stock (fictional)

# Using Google Colab

Intro link is here on YT: https://t.co/MqMSDBaQri

Create a new Notebook at https://t.co/EZt0agsdlV and name it AnythingOfYourChoice.ipynb

You got your notebook ready and now the game is on!
You can add code in these cells and add as many cells as you want

# Importing Libraries

Imports are pretty standard, with a few exceptions.
For the most part, you can import your libraries by running the import.
Type this in the first cell you see. You need not worry about what each of these does, we will understand it later.
PYTHON , TRADE PYTHON , PYTHON TRADING
TWABMPTLPAFA
TWABMPTLPAFA
@SeekerIIIII
Act of 1871
This is Long but it will end with a BOOM

With no constitutional authority to do so, Congress created a separate form of government for the District of Columbia, a ten-mile square parcel of land (see, Acts of the Forty-first Congress,”

Section 34, Session III, chapters 61 and 62).
The act — passed when the country was weakened and financially depleted in the aftermath of the Civil War — was a strategic move by foreign interests (international bankers) who were intent upon gaining a stranglehold on the coffers

and neck of America.
Congress cut a deal with the international bankers (specifically Rothschilds of London) to incur a DEBT to said bankers. Because the bankers were not about to lend money to a floundering nation without serious stipulations, they devised a way to get their

foot in the door of the United States.
The Act of 1871 formed a corporation called THE UNITED STATES. The corporation, OWNED by foreign interests, moved in and shoved the original Constitution into a dustbin.

With the Act of 1871, the organic Constitution was defaced — in effect vandalized and sabotage — when the title was capitalized and the word “for” was changed to “of” in the title.
HISTORY