7 Books that Changed My Life:

- Winning
- Atomic Habits
- The Behavior Gap
- The Millionaire Mind
- How to Become a Rainmaker
- The Subtle Art of Not Giving a F*ck
- Mindset: The New Psychology of Success

What books changed your life?

10 Common Money Myths

That Could be Costing you $1,000's

// Thread //

1. YOLO

It's true that you only live once.

It's NOT true that you should:

- Live in debt
- Work until you die
- Live paycheck to paycheck

What you can do is:

- Live in the moment
- Save for your future
- Start investing today

Balance is the key.

YOLO is not.

2. LLC's are for the rich

You don't have to earn $100,000s to form an LLC.

An LLC:

- Offers tax advantages
- Limits personal liability
- Avoids double taxation

If you have a business and want to earn money, then it's time to consider forming an LLC.

3. I'll be Poor Forever

What you believe determines your future.

The journey to wealth won't be easy.
If it were easy, everyone would be wealthy.

Getting there will take:

- Discipline
- Hard work
- Consistency
- Determination

Change your mindset, Change your reality.

4. Buying a House is Better than Renting

Homeownership means:

- Less flexibility
- High upfront costs
- Long term commitment
- Unexpected additional costs

This may not work for your personal situation.

Make sure you’re financially and emotionally fit to make a home purchase.

11 Critical Lessons from Jeff Bezos

// Thread //

1. It's OK to Fail

Bezos helped develop the Fire Phone, one of Amazon's worst failures.

And yet, the Fire Phone led to one of Amazon's biggest successes: Alexa.

“If you want to be inventive, you have to be willing to fail.” @JeffBezos

2. Be Uncomfortable

Before founding Amazon, Bezos worked on Wall Street.

Yet, he left his comfort zone to start an online business.

In 1994, building an online business was incredibly risky.

"One of the only ways to get out of a tight box is to invent your way out" @jeffbezos

3. Your Actions Define You

You are born with strengths and weaknesses.

What you do is what ultimately defines who you are.

It is not your ability that defines you, but your actions and choices.

"It's not an experiment if you know it's going to work" @jeffbezos

4. Embrace Criticism

If someone you trust gives you feedback, decide if their criticism is right.

If yes, then change and stop resisting.

Candid feedback is your ticket to true growth.

"If you can't tolerate critics, don't do anything new or interesting" @JeffBezos

How to Build Wealth

10-Step Formula to Riches

// Thread //

1. Live like an Undercover Millionaire

Income ≠ Wealth

How to live like an undercover millionaire:

- Spend less than you earn
- Avoid buying fancy clothes
- Avoid buying new & fancy cars

To feel rich, count the things in your life that money can't buy.

2. Always Look Ahead

To build a strong financial future, break down your goals into 3 categories:

- Short term goals (1 to 5 years)
- Mid term goals (5 to 10 years)
- Long term goals (10+ years)

Understand your goals and build a plan of action.

Make your goals a reality.

3. Become the Household CFO

Assign a purpose to every dollar.

How the wealthy budget:

- 529 plans
- Business accounts
- Retirement accounts
- Emergency savings fund
- Joint / Individual accounts

Want to budget stress free?

Automate the process.

4. Pay Yourself First

You might catch the famous Warren Buffet mentioning this phrase during his investment talks.

This means:

- You save/invest
- You pay your bills
- You spend the money that’s leftover

Save and invest first, before you spend money.

It's that easy.

How to Build Wealth at Any Age

11 Wealth Building Strategies

// Thread //

1. Diversify Your Income

The average millionaire builds 7 streams of income.

If you've ever heard of the saying "don't put your eggs in 1 basket," then you know that you shouldn't rely on just 1 job.

Start diversifying your income streams today.

2. Own Your Own Business

66% of millionaires own their own business.

There's a reason why so many millionaires choose entrepreneurship over employment: They are their own boss.

Live your life without limits and build a lasting empire today.

3. Build Your Network

A degree is good but your network is better.

One of the greatest indicators of your future success is determined by the people who know you and trust you.

Build and maintain meaningful relationships as early as possible.

Your network is your net worth.

4. Read More

85% of millionaires read books for 30 minutes or more daily.

Books give you a chance to learn from and think like the greatest minds that have walked this earth.

If you want to succeed, you have to read.

11 Hacks to Get Rich and Stay Rich

- Thread -

1. Learn Daily

Learning shouldn't stop when you graduate from school.

Learn 1 new thing daily.

Perfect your skills until you are an expert.

Never lose your childlike curiosity to learn.

2. Embrace Failure

Failure and success are not opposites. They are 2 parts of a whole.

Why failure is necessary:

- Value
- Growth
- Resilience
- Experience
- Knowledge

Failure simply is a stepping stone for success.

3. Control Your Emotions

81% of millionaires have made it a habit to control their emotions, thoughts, and words.

Emotions can lead you to make terrible decisions - be it financial, professional, or personal.

Control your emotions before they control you.

4. Build Rich Relationships

The No. 1 success predictor is the quality of your network.

You are the average of the 5 people you surround yourself with.

To become a winner, you must first surround yourself with winners.

Thread: Central Pivot Range (CPR)

CPR is another popular tool. Three lines are plotted on the chart when we plot CPR.

The three lines are: CPR, TC and BC.

Let’s understand the calculation.

You may recall that I explained the calculation of Pivot levels in an earlier thread. CPR stands for Central Pivot Range. It is always a center line of the three lines that gets plotted in the chart.

CPR is a Pivot price. Pivot is average of HLC as explained in the prev thread.

We also discussed about Mid-range of the session. Mid-range is average of High and low price of the session.

The mid-range of the bar is known as BC in the CPR calculation. BC stands for Bottom central pivot.

Pivot level captures the relationship of the closing price to the range of the session.

Pivot price above mid-price = bullish pivot
Pivot price below mid-price = bearish pivot

So, CPR line is Pivot and BC line is Mid-range.

What is the difference between both?
Mid-range is average of High and Low.

Pivot is average of High, Low and Close.
What will make the difference between the two?

Close.

I asked, "What book created the biggest mental shift in your life?"

I received 275+ responses.

Here are 20 books that might just change your life forever:

1/

The Almanack of Naval Ravikant

by @naval

2/

The Choice

by @DrEdithEger1

3/

Atomic Habits

by @JamesClear

4/

The 48 Laws of Power

@RobertGreene

Michael Burry's investment strategy