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Core tips for building and multiplying wealth
1. Focus on saving more money
2. When you’ve saved to the best of your ability, focus on making more money while STILL using the same principles you used to save more money
In that order
Why do I say so? Read more
https://twitter.com/vicbrownzy/status/1253931957446152192
1. Focus on saving more money
2. When you’ve saved to the best of your ability, focus on making more money while STILL using the same principles you used to save more money
In that order
Why do I say so? Read more
https://twitter.com/vicbrownzy/status/1253931957446152192
I think this is the best route for a few reasons:
For most of us, we can’t easily make more money (if it was that easy we would have already done that duh
). To make more money, we need planning, skills and a ton of other resources (e.g. MONEY) that we may not currently have.
For most of us, we can’t easily make more money (if it was that easy we would have already done that duh
). To make more money, we need planning, skills and a ton of other resources (e.g. MONEY) that we may not currently have.
Saving on the other hand is more within our control. We can more easily look at cutting a few luxuries to save some money than we can make more money legally (and if that’s not the case then just do no. 2 already and stop wasting time 
)
Once you are able to save as much as you
)Once you are able to save as much as you
reasonably can, if this is not enough, then you can work towards making more money. This way, you can take from your savings (if I’m being honest I prefer investments) and put that towards getting what you need to make more money. Whether it be learning or starting a business.
The key to be truly financially free to resist the urge to undergo “lifestyle inflation” when you start earning more. If you don’t NEED to, you can still maintain the same or similar lifestyle you had before you started earning more. This would give you more to save and invest
Saving and investing more would give you more money and help you get even MORE financial freedom.
End of thread.
That being said, if you want me to do a thread on effective ways to start saving and investing, leave a comment below and I’ll get it done ASAP
End of thread.
That being said, if you want me to do a thread on effective ways to start saving and investing, leave a comment below and I’ll get it done ASAP
