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How do wealthy people create real wealth?
4 lessons In 4 tweets
Let's see
4 lessons In 4 tweets
Let's see
1:
Making money
When someone can create and deliver value generally they can increase their income over time.
>Develop valuable skills
>Sell them to an employer
>Think long-term
>Don't think (job) think career
Making money
When someone can create and deliver value generally they can increase their income over time.
>Develop valuable skills
>Sell them to an employer
>Think long-term
>Don't think (job) think career
2:
Accumulate Assets
Creating and delivering value allows you to make money. With this money minus expenses you should accumulate assets.
>Buy assets
>Assets make you more money
>Again, think long-term
Accumulate Assets
Creating and delivering value allows you to make money. With this money minus expenses you should accumulate assets.
>Buy assets
>Assets make you more money
>Again, think long-term
3:
Debt
Spend your life avoiding and staying out of bad debt.
There is good debt though.
>Use the banks money to finance money making assets.
>Businesses
>Real estate
Debt
Spend your life avoiding and staying out of bad debt.
There is good debt though.
>Use the banks money to finance money making assets.
>Businesses
>Real estate
4:
Self-development
This is one that people tend to forget about. Earning money and accumulating assets takes energy. Be mindful of these.
>Your health
>Education
>Relationships
Summary
1. Make money
2. Accumulate assets
3. Avoid bad debt
4. Self-development
Self-development
This is one that people tend to forget about. Earning money and accumulating assets takes energy. Be mindful of these.
>Your health
>Education
>Relationships
Summary
1. Make money
2. Accumulate assets
3. Avoid bad debt
4. Self-development
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Thank you for reading.
Thank you for reading.
