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12 Money Truths that No One Talks About
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1. Your Partner is the Biggest Financial Decision of your Life
86% of millionaires are married and/or have a partner.
Find a partner who is:
- Frugal
- Like-minded
- Supportive of your money habits
Marry someone with a winning financial mindset.
86% of millionaires are married and/or have a partner.
Find a partner who is:
- Frugal
- Like-minded
- Supportive of your money habits
Marry someone with a winning financial mindset.
2. Ivy League Degrees Don& #39;t Matter
Degrees Don& #39;t Matter:
- 29.9% of billionaires didn& #39;t go to college
- 62% of millionaires went to state schools
Here& #39;s what matters:
- Grit
- Curiosity
- Discipline
- Determination
Experience is the greatest teacher.
Degrees Don& #39;t Matter:
- 29.9% of billionaires didn& #39;t go to college
- 62% of millionaires went to state schools
Here& #39;s what matters:
- Grit
- Curiosity
- Discipline
- Determination
Experience is the greatest teacher.
3. Invest, Don& #39;t Just Save
Inflation will nibble away at your money& #39;s purchasing power.
Don& #39;t stash your cash.
Invest in:
- Yourself
- Real estate
- Your network
- Stock market
- Your business
Invest consistently and you& #39;ll see results.
Inflation will nibble away at your money& #39;s purchasing power.
Don& #39;t stash your cash.
Invest in:
- Yourself
- Real estate
- Your network
- Stock market
- Your business
Invest consistently and you& #39;ll see results.
4. Buy Used, Not New
Only 23.5% of millionaires buy new cars.
Here& #39;s the benefit of used cars:
- Save money
- Lower depreciation
- Lower insurance cost
- Low-cost financing options
Most cars depreciate in value.
Don& #39;t invest in negative returns.
Only 23.5% of millionaires buy new cars.
Here& #39;s the benefit of used cars:
- Save money
- Lower depreciation
- Lower insurance cost
- Low-cost financing options
Most cars depreciate in value.
Don& #39;t invest in negative returns.
5. Readers are Leaders
85% of millionaires read 2+ books per month.
Books offer advice on:
- Personal development
- Entrepreneurship
- Investments
- Business
- Family
- Life
If you want to succeed, you have to read.
85% of millionaires read 2+ books per month.
Books offer advice on:
- Personal development
- Entrepreneurship
- Investments
- Business
- Family
- Life
If you want to succeed, you have to read.
6. Choose your Friends Carefully
You are the average of the 5 people you hang out with.
You& #39;ll see that you:
- Think the same thoughts
- Have the same goals
- Lead similar lives
People can either inspire you or drain you.
Choose wisely.
You are the average of the 5 people you hang out with.
You& #39;ll see that you:
- Think the same thoughts
- Have the same goals
- Lead similar lives
People can either inspire you or drain you.
Choose wisely.
7. A Healthy Mind lives in a Healthy Body
76% of millionaires exercise 30 mins daily.
Exercise improves your:
- Judgment
- Mental health
- Physical health
- Critical thinking
- Learning retention
You can& #39;t enjoy your wealth if you& #39;re in bad health.
76% of millionaires exercise 30 mins daily.
Exercise improves your:
- Judgment
- Mental health
- Physical health
- Critical thinking
- Learning retention
You can& #39;t enjoy your wealth if you& #39;re in bad health.
8. Change your Mind, Change your Life
86% of millionaires are self-made.
Anyone can win, if you:
- Change your habits
- Change your friends
- Change your mindset
If you want to be like the wealthy, you have to think like the wealthy.
86% of millionaires are self-made.
Anyone can win, if you:
- Change your habits
- Change your friends
- Change your mindset
If you want to be like the wealthy, you have to think like the wealthy.
9. Live Beyond the Comfort Zone
The most dangerous drug is comfort.
Push yourself to:
- Achieve more
- Learn more
- Grow more
The greatest achievements never came from comfort zones.
The most dangerous drug is comfort.
Push yourself to:
- Achieve more
- Learn more
- Grow more
The greatest achievements never came from comfort zones.
10. Protect Your Purpose
Why the wealthy stay wealthy:
- They work to improve
- The poor work for the paycheck
Don& #39;t be a slave to money.
Work for your purpose:
- Work to grow
- Work to build
- Work to learn
Protect your purpose and your purpose will protect you.
Why the wealthy stay wealthy:
- They work to improve
- The poor work for the paycheck
Don& #39;t be a slave to money.
Work for your purpose:
- Work to grow
- Work to build
- Work to learn
Protect your purpose and your purpose will protect you.
11. Outwork the Competition
Elon Musk& #39;s motto is to outwork the competition.
To outwork the competition, you must believe in:
- Yourself
- Your team
- Your values
- Your discipline
If there is a will, then there is always a way.
Elon Musk& #39;s motto is to outwork the competition.
To outwork the competition, you must believe in:
- Yourself
- Your team
- Your values
- Your discipline
If there is a will, then there is always a way.
12. Understand Basic Financial Concepts
Lack of financial literacy cost American adults $415 Billion in 2020.
Financial literacy helps you:
- Earn
- Save
- Build
- Invest
- Protect
The rich become and stay rich because they understand the financial system.
Lack of financial literacy cost American adults $415 Billion in 2020.
Financial literacy helps you:
- Earn
- Save
- Build
- Invest
- Protect
The rich become and stay rich because they understand the financial system.
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