Thug Finance Quotes

“Despite what your prior reservations were about money and whether you’re born rich or not, one thing we all share equally is the amount of time we have. Everyone has 24 hours in one day from Oprah Winfrey to the poor person on the street. What’s different is how we use each hour given to us, so I advise you to use your time wisely!”
― Jay Breezy, Thug Finance: Money Management Tips for the Thug in Us All

“IRA’s & 401k’s are awesome since they let the magic of compound interest do its thing over time. Think of compound interest as fine wine—it gets better as it ages. There are two types of IRA’s, Roth and Traditional. You can also have a Rollover IRA of each one, where you “rollover” your old 401k from an old employer. Both types, have a contribution limit of $5500 (2016 limit, $6500 if you’re 50+ years old). Here’s an example: If you start at the age of 25 with $5,500 and continue to contribute $5,500 every year until retirement age, your account could be worth a million or more assuming you have a hefty return every year (Google IRA calculator if you don’t believe me).”
― Jay Breezy, Thug Finance: Money Management Tips for the Thug in Us All

“As a good rule of thumb, you want to secure 3-months of living expenses on the side, just in case shit hits the fan. Ideally, you’ll want a 6-month rainy-day fund because it never hurts to fall back on much more.”
― Jay Breezy, Thug Finance: Money Management Tips for the Thug in Us All

“As people, our emotions get the best of us, some more so than others and when that happens, emotions can end up fucking up our wallets. The key to not spending irrationally is separating emotion from the purchase. Just think of why you really want something. If it’s one of these reasons: •       Impressing Someone •       Having the latest and greatest •       “Keeping Up with the Joneses”   Chances are it’s an emotional purchase. Most of the time we just want to feel important, so we’ll buy something that (read some Dale Carnegie How to Win Friends & Influence People) makes us feel that way. Still, companies have a say in how we feel too.”
― Jay Breezy, Thug Finance: Money Management Tips for the Thug in Us All

“Of course, that’s what life’s about—make mistakes so you can learn from them! That being said, you should also learn from other’s mistakes so you don’t have to make the same ones!”
― Jay Breezy, Thug Finance: Money Management Tips for the Thug in Us All