THUT Wealth Manifesto

Preface: The following document embodies a series of priorities that outline the tenets and beliefs of THUT Wealth. This article has been written with brevity and ease of reading in mind, links relevant to the further discussion are given for each topic where available. The information herein is by no means exhaustive.

  1. Create and sell something that does something for your target customer.
  2. Precisely define the one-point vision for your business.  We help our customers get the most out of life by optimizing their finances with AI.  What do you do for your customers?  Your one-point mission may be to help your customers feel their best every day with clean fingertip fashions. Or make your healthy and flavourful signature broth at an elite level in terms of both quality and speed.  Your business will do well if you are happy making customers happy.
  3. When in doubt use your name in your business to show accountability.
  4. Use your business account (bank/credit card) for expense transactions vs. cash or personal debit/credit cards.
  5. At most go to Costco only once a week or better yet have everything delivered (Amazon/Walmart) on a biweekly shipment.  All other “shopping” should only be done once per year – towards the end of the fiscal year to accelerate access to CCA on capital additions.
  6. Abstain from mortgages, debt, and rental properties before having healthy cash flow from a scalable corporation (not trading time for money). An income property is only considered after the mortgage is paid off on the principal residence. Dividing the net operating income from a rental property by the cost of the property they get the investment yield. From this value, they can determine if it is economically viable to rent out the property or sell it. Having a positive cash flow is not good enough to determine economic viability.  In German, borrowing is ‘schulden’, the same word for sin.  Rent when young and when old make either a minimum 20% down-payment on a home less than 2.5x their gross annual household income. Minimum 30% for a home that costs up to 4x their gross annual household income.
  7. Live far below your means. Easily done when their after-tax earnings are at minimum 2x-4x the median.  Set aside 50-90% of all the money collected until you can fund your lifestyle entirely with passive income. Then 100% of your active income can go towards riskier investments. If you don’t have at least $200k+ in networth age 30, and $1M+ by 35, 9x out of 10 you will not make it.  There is still  will be much higher. by Losing $1 million dollars when you still have $3 million is worth the risk when you have the chance of being worth $10+ million.
  8. Everyone in your life is either moving up or out of your life.  Selectively choosing the people they surround themselves with is essential. All regrets in life involve wasted time. This is the only thing you can never get back so never waste a second on marginal returns, short-term gains and people with no value. They have no sympathy for those who created their own mess. Poor choices = poor character. This eliminates the empty work that plagues regular people and allows them to focus on what really matters. It is amazing how our customer service improved when we focus only on people that like us.   Best part: coming home to an amazing family – stay at home parents are the backbone for society & raising the next generation.
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