Saving is far more important than investing.

@BKFUniversity

Oct 12, 2017 • 21 tweets • 3 min read • Read on X

The year was 2012.
You were living at your parent's house. --->>
#thread

One night while everyone was watching Netflix, your parents start going into their normal tirade on bkfinvestingschool.com

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More from @BKFUniversity

Saving is far more important than investing.

@BKFUniversity

Jul 19, 2018

🤔

Saving is far more important than investing.

@BKFUniversity

Jun 25, 2018

Imagine for a moment that you’re standing outside trying to figure out which way to go on a major decision you have to make in life.
(thread)

Some enterprising person walks up and says..”Hey man I see you’re pretty stressed. I may be able to help you though. Here’s a coin. All you have to do is flip this coin and let the decision be made for you. And voila!”

So you borrow the stranger’s coin and you flip it. It comes up heads. You flip it again just to be sure. Heads. You flip it 15 more times ...all heads.
So you end up going with the choice that corresponds with heads.

Saving is far more important than investing.

@BKFUniversity

Dec 29, 2017

Crypto question from the inbox:

"I'm planning on taking a portion of Bitcoin I earned from some work I did and using it to buy Ripple. How will this affect me tax wise?"

Good question. And the short answer is...
#thread

Half the financial community is split on what IRS will do once this happens.

Cryptocurrency like Bitcoin was just ruled to be property for IRS standards. This means that because you feel its currency, its not. Its property.

So in terms of exchanging one Bitcoin for one or more Ripple, its just like if you traded a classic car that went up in value for a bucket. Theoretically there will be either earned income or long term capital gains taxes on the following:

Saving is far more important than investing.

@BKFUniversity

Nov 14, 2017

How to get your $2,500 check from California for leasing an electric vehicle:
#thread

Step 1: Put down $0 on the lease or $1,000 or whatever you’ve negotiated.

Step 2: Lease the car for $200 or so per month*

Saving is far more important than investing.

@BKFUniversity

Oct 27, 2017

Never ever ever ever ever ever ever purchase a new car.
Ever.
#thread

Next to purchasing a used Range Rover or BMW (any model year within the last 20), this is the single dumbest thing you can do.

If you feel you must have a new car, LEASE that car when its on a ridiculous lease special and then buy it after the lease ends.

Saving is far more important than investing.

@BKFUniversity

Oct 26, 2017

Most of us get into trouble with cars because we try to fit our fat a$$es into buckets that dont have our name on them. #thread

If you live in Bakersfield and work in Los Angeles, why in THEE-F are you asking me my thoughts on leasing a Nissan Leaf?

If you have 38 kids in a one bedroom apartment, why are you asking me if I’ve seen a good deal on a recent model Camero?

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