Joshua Heacock

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Joshua Heacock

Joshua Heacock

@jm_heacock

An average guy sharing knowledge that helped me build wealth & inspire you to do the same. This account isn't a source of income or my full-time job.

Iowa Katılım Ağustos 2009
195 Takip Edilen2.6K Takipçiler
Joshua Heacock
Joshua Heacock@jm_heacock·
If you HAVE to put ANYTHING on a credit card, you: A) Haven't deserved it yet, and B) Shouldn't be purchasing it Too many people believe they are entitled to things. Their debt balance reflects that, too.
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Joshua Heacock
Joshua Heacock@jm_heacock·
Life is full of choices and priorities. We often don't realize the impact of our decisions for years. Prioritize your future self. Participate in your employer retirement plan. Open a brokerage account and invest independently. Create a plan, create a budget. Pay yourself first.
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Joshua Heacock
Joshua Heacock@jm_heacock·
Some people have excuses. Some people have determination. Which do you think are successful?
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Joshua Heacock
Joshua Heacock@jm_heacock·
Ask yourself which is more important to YOU: A) Impress other now, but not build wealth B) Build wealth now, impress others later With Option A you're always chasing and will never get ahead. I choose option B, except I don't really care about impressing anyone - ever.
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Joshua Heacock
Joshua Heacock@jm_heacock·
Interested in real estate investment properties, but don't know where to begin? Here's how I purchase quality properties with little down payment & realize instant equity. What took me years of experience to develop, you can learn in a short thread: ⬇️⬇️ twitter.com/jm_heacock/sta…
Joshua Heacock@jm_heacock

@simpsjm1 That’s a great question. Before I answer that, understand there are many approaches and strategies for rental properties. None are wrong - you just have to figure out what works best for you. For example, some people like the idea of buying multi-family buildings. I don’t.⬇️⬇️

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Joshua Heacock
Joshua Heacock@jm_heacock·
Credit card debt is BAD debt. It's compounding against you at an extremely high rate. You should not be investing until your CC (and other bad, compounding debt) is paid off.
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Joshua Heacock
Joshua Heacock@jm_heacock·
I drove past a Starbucks this morning (I didn't stop; never have, never will). Judging by the length of the drive-thru line, it looks like my dividend yield and long-term hold $SBUX stock are safe. That $9 coffee everyone buys each day helps build my wealth each day. Thank you!
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Joshua Heacock
Joshua Heacock@jm_heacock·
Liquidity > Net Worth Building both is best.
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Joshua Heacock
Joshua Heacock@jm_heacock·
Things I fear: - Being a follower - Not thinking for myself Things I do NOT fear - Making mistakes - Failing One you learn from, the others you do not.
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Joshua Heacock
Joshua Heacock@jm_heacock·
Most TALK about the things they want to accomplish. A small percentage actually DO something about it. Which are you? Stop talking about how you wish you had more money. Be one of the few who DOES something about it. Start #investing today.
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Joshua Heacock
Joshua Heacock@jm_heacock·
**COMMON FINANCIAL MISTAKES** NO RETIREMENT PLAN. Statistically speaking, 35% of Americans - that's right... THIRTY-FIVE percent - have no money set aside for retirement. Even if you think you can't afford it, prioritize saving for retirement. Contribute to your 401k & IRA.
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Joshua Heacock
Joshua Heacock@jm_heacock·
There are 260 weekdays/year, but 365 possible days to build wealth. Small earnings, savings & investments add up quickly. Assuming only 260 days: $25/day = $6,500/yr $50/day = $13,000/yr $100/day = $26,000/yr $250/day = $65,000/yr Crawl before you walk. Walk before you run.
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Joshua Heacock
Joshua Heacock@jm_heacock·
ALWAYS contribute to your 401k. At a minimum, contribute enough to maximize your employer match. It's literally FREE money. Don't pass it up.
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Joshua Heacock
Joshua Heacock@jm_heacock·
It's not always about the plan. It's about the execution.
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Joshua Heacock
Joshua Heacock@jm_heacock·
In a free market, you determine the value of your services. By accepting a job, you've put a value on yourself. Few understand this. Most just complain about it. Not many put effort into changing it.
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Joshua Heacock
Joshua Heacock@jm_heacock·
This is a problem with our society: Many grow up hearing "Save your money!" But they don't understand to NOT take that literal There are many people putting money into savings and checking accounts each month thinking they are "winning." With zero clue they are actually losing.
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Joshua Heacock
Joshua Heacock@jm_heacock·
Inflation is a game most don't understand THEY are playing, whether they want to be or not. Albeit an important game to keep a growing economy, but a game nonetheless. You're either using inflation to win or lose. And if you're not sure which you are, you're LOSING.
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Joshua Heacock
Joshua Heacock@jm_heacock·
For anyone who is resentful or didn't have that growing up: You hold the power of change for the next generation. Provide the environment you weren't. It only takes one person to change the trajectory of an entire family; financially or otherwise.
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Joshua Heacock
Joshua Heacock@jm_heacock·
Many people aren't aware of this tax loophole: If you can create $80k in passive dividend income, you could retire & not pay federal taxes Everyone's goal, starting with their first job, should be creating a passive income portfolio. I wish someone would have told me 25 yrs ago
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Joshua Heacock
Joshua Heacock@jm_heacock·
The best results occur when you understand the "how" and the "why." As an investor, you can simply buy stocks or ETF's and hold. As a trader you need to have a strategy and be true to your strategy. No matter what. Understand technical analysis, charting, etc.
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