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10 Money Hacks They Don't Teach you in School
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1. The 8th World Wonder
"Compound interest is the 8th wonder of the world" - Albert Einstein.
It works best when you:
- Start young
- Invest consistently
- Invest as much as possible
- Maintain a long term mindset
Don't work for your money.
Let your money work for you.
"Compound interest is the 8th wonder of the world" - Albert Einstein.
It works best when you:
- Start young
- Invest consistently
- Invest as much as possible
- Maintain a long term mindset
Don't work for your money.
Let your money work for you.
2. Work Smarter and Harder
Hard work is the great equalizer.
It takes:
- Early mornings
- Consistency
- Long days
- Discipline
- Efficiency
If you want to be above average, you'll have to do what the average person won't.
Hard work is the great equalizer.
It takes:
- Early mornings
- Consistency
- Long days
- Discipline
- Efficiency
If you want to be above average, you'll have to do what the average person won't.
3. Read More
85% of self-made millionaires read 2 to 3 books a month.
Why reading is good for you:
- Learn from the greatest
- Learn from successes
- Learn from mistakes
- Think like the best
Readers are leaders.
85% of self-made millionaires read 2 to 3 books a month.
Why reading is good for you:
- Learn from the greatest
- Learn from successes
- Learn from mistakes
- Think like the best
Readers are leaders.
4. Don't Drive Away your Wealth
Most new cars lose up to 60% of their value 5 years after you first purchase them.
Millionaires buy used cars because:
- They are cheaper
- They've already depreciated
- Potentially lower insurance premiums
Don't invest in negative returns.
Most new cars lose up to 60% of their value 5 years after you first purchase them.
Millionaires buy used cars because:
- They are cheaper
- They've already depreciated
- Potentially lower insurance premiums
Don't invest in negative returns.
5. Diversify your Income
On average, millionaires have up to 7 income streams.
Instead of earning just 1 salary, build your income:
- Flip collectibles
- Start a business
- Start a side hustle
- Sell digital products
To be a millionaire, think like a millionaire.
On average, millionaires have up to 7 income streams.
Instead of earning just 1 salary, build your income:
- Flip collectibles
- Start a business
- Start a side hustle
- Sell digital products
To be a millionaire, think like a millionaire.
6. Emotions Drive Purchases
Neuroscience confirms we buy on emotion.
Emotions cause you to:
- Forget your budget
- Spend more money
- Sell at stock market lows
- Buy at stock market highs
Control your emotions before they control your finances.
Neuroscience confirms we buy on emotion.
Emotions cause you to:
- Forget your budget
- Spend more money
- Sell at stock market lows
- Buy at stock market highs
Control your emotions before they control your finances.
7. Become an Entrepreneur
66% of millionaires are business owners.
You can earn money with anything:
- Blogging
- Comic book restoring
- Social media content creating
Live a life without limits.
If you want it, you can do it.
66% of millionaires are business owners.
You can earn money with anything:
- Blogging
- Comic book restoring
- Social media content creating
Live a life without limits.
If you want it, you can do it.
8. Value your Relationships
Why your network is so important:
- Support
- Guidance
- More opportunity
- Lasting relationships
- Improved social intellect
- Increased self-confidence
Your network is your net worth.
Why your network is so important:
- Support
- Guidance
- More opportunity
- Lasting relationships
- Improved social intellect
- Increased self-confidence
Your network is your net worth.
9. Save for a Rainy Day
69% of Americans have less than $1,000 in savings.
An emergency fund can help you:
- Reduce stress
- Protect your wealth
- Avoid getting into debt
Save 3 to 6 months' worth of living expenses for rainy days.
69% of Americans have less than $1,000 in savings.
An emergency fund can help you:
- Reduce stress
- Protect your wealth
- Avoid getting into debt
Save 3 to 6 months' worth of living expenses for rainy days.
10. Build your Credit Early
Your payment history accounts for 35% of your score.
Good credit has several benefits:
- Lower interest rates
- Lower car insurance rates
- Increased negotiating power
- Easier to qualify for better credit
Start building your credit today.
Your payment history accounts for 35% of your score.
Good credit has several benefits:
- Lower interest rates
- Lower car insurance rates
- Increased negotiating power
- Easier to qualify for better credit
Start building your credit today.
Want to make more money?
Sign up for Fiona's mail list today.
Get free access to:
- The latest financial tips
- Wealth building strategies
- Step-by-step investing guides
Learn more
https://themillennialmoneywoman.com/email-landing-page/
Sign up for Fiona's mail list today.
Get free access to:
- The latest financial tips
- Wealth building strategies
- Step-by-step investing guides
Learn more
https://themillennialmoneywoman.com/email-landing-page/
