There are a lot of people in this world who beat themselves up over being uncontrollably "lazy", and they don't understand why they've spent their whole lives struggling with something that seems to not even be a slight issue for most "normal" people. Please allow me to alleviate

My highlighted passages from The Psychology of Money by @morganhousel. Thread below

1. The 401k - the backbone savings vehicle of American retirement - did not exist until 1978. The Roth Ira was not born until 1998. If it were a person it would be barely old enough to drink

2. NYU professor Scott Galloway has a related idea that is so important to remember when judging success - both your own and others': "Nothing is as good or as bad as it seems."

3. Margin of safety - you can call it room for error or redundancy

4. "Every job looks easy when you're not the one doing it because the challenges faced by someone in the arena are often invisible to those in the crowd."

5. "The average equity fund investor underperformed the funds they invested in by half a percent per year, according to Morningstar - the result of buying and selling when they should have just bought and held."

I'm just back for a COMPLETELY NECESSARY trip to a supermarket.

And... something dramatic happened.

So, okay, looks like we're going to have a little bit of a THREAD.

Buckle up for an unbelievable anecdote that gets to the heart of London life in this nightmarish pandemic.

(I won't name the supermarket, NOT because I don't want to shame the members of staff [I will be doing that privately by reporting their actions to the police later today - as soon as I've finished tweeting this thread], but because I don't want to give them free advertising.)

Okay, right. I'm still shaking so I'm struggling to write this out. I've opened a bottle of Campo Viejo Rioja (an underrated affordable offering which is currently on special offer at Tesco) to steady my nerves. No shame in that.

So. Yes. I was walking down the dairy aisle...

I saw a northerner.

(apologies for the delay, I'm on the phone to an upset friend - her husband of 15 years has just confessed to an affair with her own sister. It's not really the sort of situation where you can say, "Excuse me Julie, awfully sorry but I'm writing an incredible thread on twitter!")

In the space of half a year, a new class division was ripped through American society: those who can live normally through pandemic lockdowns and restrictions versus those who can't. The two sides have a great deal of difficulty communicating across that chasm.

Of course, media and political elites are, at worst, inconvenienced by lockdowns, so news coverage is heavily slanted against the people who are really suffering from these policies. They're already as forgotten as the designated losers of globalist trade policy.

Spend a day watching mainstream media pandemic coverage, then spend the evening with people whose livelihoods have been utterly ruined by pandemic restrictions. It's like traveling from the Earth to Mars. Completely different worlds, totally different outlooks.

It's exactly like the divide between "free trade" winners and losers, people living in comfortable financial and media bubbles vs. people living in hollowed-out ghost towns with skyrocketing mortality rates. The Wuhan virus gave us a new, even bigger class of Designated Losers.

The new class divide cracked open along some economic and social fault lines that were already present and deepening, such as the growing number of people who preferred minimizing human contact while socializing online. It really is the social schism of the new century.

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.