What: Principles to wealth creation
Tweet: https://t.co/GHxb31inlH
How to Get Rich (without getting lucky):
— Naval (@naval) May 31, 2018
How to Get Rich (without getting lucky):
— Naval (@naval) May 31, 2018
Get a cup of coffee.
— 10-K Diver (@10kdiver) January 1, 2022
Let's kickstart 2022!
To that end, here are 22 key concepts to help you appreciate and achieve Financial Independence.
1/ Don Valentine (Sequoia founder):
— Tren Griffin (@trengriffin) February 15, 2020
"The art of storytelling is incredibly important. Learning to tell a story is critically important because that\u2019s how the money works. The money flows as a function of the story.\u201d
A venture capitalist get to see all kinds of storytellers.
17 of the coolest ways I\u2019ve seen people get rich.
— Michael Girdley (@girdley) December 29, 2021
(1/x)
Buffett's letters taught me more about investing than any business school ever could.
— Thomas Chua (@SteadyCompound) January 1, 2022
Even after investing for 14 years, I uncover new insights every time I reread his letters.
Recently, I reread his letters from 1977 to 2020 for a third time.
Here are my key insights: pic.twitter.com/ZmIjUNbfqz
IKEA is the world's largest furniture brand. With annual sales hitting ~$50B+, it's the King of "buy stuff you never planned to buy".
— Trung Phan (@TrungTPhan) October 20, 2021
Unsurprisingly, IKEA designs its stores with various psychological tricks to get you to spend more money.
Here's are 12 of them \U0001f9f5 pic.twitter.com/Bl6CWoiAeF
Six years ago, I read @nntaleb's *Antifragile*. The lessons invaded my brain and haven't left since.
— Brian Stoffel (@Brian_Stoffel_) June 8, 2021
I started taking the ideas and applying to investing.
I created a framework for stock picking from it. It has 8 parts
It has roughly 4X'd the market.
How it works, a \U0001f9f5\u2935\ufe0f pic.twitter.com/h0Sm1ptXQZ
90% of business acquisitions fail.
— Max Koh (@heymaxkoh) October 18, 2021
But there are exceptions:
Mark Leonard, Founder of Constellation Software $CSU, is one of them.
He's acquired over 500 companies in the last 2 decades...
Turning $25 Million into $32 Billion.
Here's his "Growth by Acquisition" playbook: pic.twitter.com/VUgqFyYAb6
How to get rich without getting lucky:
— Nick Huber (@sweatystartup) September 28, 2020
Find a way to make $100 an hour doing something simple IN YOUR TOWN.
Do it until you have $10k+ in the bank and you\u2019re too busy to sell new customers.
Hire employee for $25 / hr to do what you do so you can sell new customers.
Repeat.
I read two-and-a-half decades worth of Jeff Bezos\u2019s Amazon shareholder letters.
— Sumit Garg (@smtgarg) December 28, 2021
It\u2019s like a mini MBA.
Here I\u2019ve pulled out a free guide for startups, investing, marketing, and \u201cweb3\u201d\U0001f9f5
(It\u2019s a thread, not an ebook) pic.twitter.com/ZHscIvGQOU
Climbing the corporate ladder takes time.
— Alex Banks (@thealexbanks) March 14, 2022
10 threads that will accelerate your career:
I have a masters degree in finance.
— Alex Banks (@thealexbanks) March 15, 2022
But I've learned 10x more from Twitter.
10 threads that will make you a better investor:
1/
— 10-K Diver (@10kdiver) February 5, 2022
Get a cup of coffee.
In this thread, I'll show you how to read and understand a company's Balance Sheet.
As investors, we should be able to judge businesses by looking at their financial statements.
And the Balance Sheet, of course, is 1 of 3 key financial statements: pic.twitter.com/6D0HA0vmEN
Many new investors are scared of financial statements. I don't blame them. Us accountants complicate the simplest things to keep ourselves employed\U0001f602
— Soul \U0001f4da (@SoulFairy3) December 6, 2021
Let me show you guys the Income Statement first. You honestly just need 3 numbers. Trus bob\U0001f483
Short \U0001f9f5
Accounting is the language of business.
— Brian Feroldi (\U0001f9e0,\U0001f4c8) (@BrianFeroldi) July 28, 2021
If you buy stocks, you MUST learn how to read an income statement
Here\u2019s everything you need to know:
Most founders don\u2019t understand the difference between PROFIT and CASH FLOW
— Ali Ladha (@AliTheCFO) November 2, 2021
Not knowing this difference, could leave your business without cash and push you into bankruptcy
Here are the key differences between PROFIT and CASH FLOW
//A THREAD//
The ultimate hack to 10x your career:
— Romeen Sheth (@RomeenSheth) November 2, 2021
Enter the Side Door.
Let's break it down \U0001f447\U0001f447\U0001f447
resume tips I have learned as a recruiter at a fortune 100 company (targeted towards college students), a thread:
— SLIZ (@slizagna) February 2, 2021
Hard skills get you hired.
— Zain Kahn (@heykahn) October 12, 2021
But soft skills get you promoted.
I went from 0 to VP in 3 years.
Here are 11 soft skills to accelerate your career:
The interview process is ultra-competitive.
— Sahil Bloom (@SahilBloom) August 7, 2021
But with proper preparation, it is possible to stand out.
THREAD: 20 common interview questions, what they really mean, and how to nail them:
An introvert's guide to elite networking.
— Kurtis Hanni (@KurtisHanni) March 8, 2022
9 tips to build a network:
The world's most powerful skill:
— Zain Kahn (@heykahn) March 12, 2022
Effective decision-making.
But colleges eat up 4 years of our lives and don't even bother teaching it.
Instead, here are 10 quick lessons from psychology that will upgrade your decision-making in the next 5 minutes:
I'm having a glass of whiskey after a long day.
— Amanda Natividad (@amandanat) March 9, 2022
Some spicy takes about life, careers, and creating:
I have worked with dozens of startup founders and hundreds of their leaders.
— Greg Moran \U0001f30e Evergreen Mountain Equity Partners (@EvergreenMEP) March 13, 2022
The biggest reason they don't achieve what they desire?
Founders hang on to leaders that can't scale.
Here are 6 ways to succeed faster by upgrading your leadership.
How to Get Rich (without getting lucky):
— Naval (@naval) May 31, 2018
How to get rich without getting lucky:
— Nick Huber (@sweatystartup) September 28, 2020
Find a way to make $100 an hour doing something simple IN YOUR TOWN.
Do it until you have $10k+ in the bank and you\u2019re too busy to sell new customers.
Hire employee for $25 / hr to do what you do so you can sell new customers.
Repeat.
Early career years are painful.
— Romeen Sheth (@RomeenSheth) February 8, 2022
You feel like an idiot 98% of the time - lost, confused and insecure.
I wish I had a cheat sheet of principles for my first job.
So I put one together.
Here are 20 things about building a career I wish I knew sooner:
The first years of your career are brutal.
— Zain Kahn (@heykahn) January 25, 2022
You're on your own and you have no clue what you're doing.
I wish I had a guide back then \u2015 so I made my own.
And I went from 0 to VP in 3 years.
Here are 11 principles to accelerate your career now: