Income & Wealth (@income3wealth) 's Twitter Profile
Income & Wealth

@income3wealth

34 years old • $1.6M net worth • No inheritance

ID: 476935134

calendar_today28-01-2012 17:12:40

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4 steps to becoming a millionaire: 1. Get a high paying 9-5 job 2. Find 1-2 side hustles 3. Save aggressively (min. 50%) 4. Invest in $VT

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The screenshot below IS NOT my portfolio. It shows how easy it is to simulate $1mn portfolio and be deceived by “fake” millionaires who want to sell you consulting services or investment opportunities. Perception is not always reality. Be careful out there friends 🤝🏻

The screenshot below IS NOT my portfolio.

It shows how easy it is to simulate $1mn portfolio and be deceived by “fake” millionaires who want to sell you consulting services or investment opportunities.

Perception is not always reality.

Be careful out there friends 🤝🏻
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There’s always going to be a good reason not to invest e.g.: war, epidemics, supply chain disruptions Don’t let fear kill your dreams of financial independence.

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I’m still of the opinion that covered call ETF are just smoke in the eyes, particularly due to high ROC. Only exceptions are the JP Morgan ETF, stay out of the rest. One is better off selling calls on his own.

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Always important to remember that most of your money should be invested in growth stocks. Over time, share of growth stocks can be reduced to allow for dividend stocks which underperform over the long term. Same goes for selling covered calls/investing in covered call ETF.

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Getting rich is simple. Only need 3 things: - Stable, well-paying job (ideally in a country with low taxes) - Save and invest significant amount of your salary (50% or more ideally) in an international, diversified stock ETF - Own home Don’t need gold, HF, PE, factors, etc.

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Buying a house won’t help you build wealth. It’s a drag effectively. Prioritize stocks as they give you liquidity, optionality and income. Buy a house only when you have enough financial assets and strong income.

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Decided to DCA into gold for the foreseeable future. I found it always weird to invest in precious metals however I now changed my mind and I’m targeting a 5% allocation in gold.