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.

2. Ivy League Degrees Don't Matter

Degrees Don't Matter:

- 29.9% of billionaires didn't go to college
- 62% of millionaires went to state schools

Here's what matters:

- Grit
- Curiosity
- Discipline
- Determination

Experience is the greatest teacher.

3. Invest, Don't Just Save

Inflation will nibble away at your money's purchasing power.

Don't stash your cash.

Invest in:

- Yourself
- Real estate
- Your network
- Stock market
- Your business

Invest consistently and you'll see results.

4. Buy Used, Not New

Only 23.5% of millionaires buy new cars.

Here's the benefit of used cars:

- Save money
- Lower depreciation
- Lower insurance cost
- Low-cost financing options

Most cars depreciate in value.

Don'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.

6. Choose your Friends Carefully

You are the average of the 5 people you hang out with.

You'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't enjoy your wealth if you'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.

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.

10. Protect Your Purpose

Why the wealthy stay wealthy:

- They work to improve
- The poor work for the paycheck

Don'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'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.

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