Thread by @creation247

Broke to One Million

A Seven-Year Journey in Seven Steps

My story will make you wealthy.

//THREAD

I grew up in a typical middle-class family.

Money was not an important topic.

I had to learn everything on my own. 

You may be in a similar situation.

If you do not have the tools to begin, you must educate yourself. Hopefully my story will inspire you.

Step 1: Educate Yourself

Here is a list of books that I personally recommend:

Think and Grow Rich
Rich Dad Poor Dad
Your Money or Your Life
Total Money Makeover
The Millionaire Next Door

In debt? Start with TTM.

If not read any of the others.

You do not need to read all five at once.

As your journey picks up read the others.

They all help in different ways.

Podcasts, blogs, and Twitter feeds are also great.

Just begin to surround yourself with knowledge.

Absorb the wealth of information.

Step Two: Change the Environment

You now have the knowledge.

Now let's make some changes to the outside world.

Shed any friend who holds you back.

Some will sense that you are changing.

If they try to bring you down.

You MUST ditch them.

They are not true friends.

True friends want to see you grow.

Surround yourself with people who are on the same journey. You will feed off each other's momentum.

You are the average of your five friends.

Always remember this.

Step Three: Relentless Savings

Savings are what you can control.

This is where you start.

Every time you cut costs it is an automatic win for your pocketbook and for your cash flow.

Most people want to chase cash first.

Wrong. Understand value.

You need to cut out the fat.

Question every dollar spent.
Avoid unlimited plans.
Negotiate everything.

The first time I got serious I slashed my spending by $25000. That's not chump change.

How much did you spend last year?
Do you even know?
You. Need. To. Know.

Step Four: ACTION

This is where you implement your side hustle.

INCREASE cash flow.

You have options: 2nd job/side hustle.

Initially, I went toward flipping. You buy an item. Then you sell it back for more than you paid.

It is a great feeling when your side hustle blows up.

If I were to start a side hustle today,
I would start an agency.

Running a business from your laptop is the future.

If you want to learn, Matthew Paik shows you exactly how to do it. Starting a business is an A-Z process.

Learn here 👇
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Step Five: Invest

Now you have more coming in than ever.

Your expenses are low/ income is high.

Let’s learn to invest.

If you live in the US, take advantage of tax-sheltered accounts. Lower taxes are guaranteed wins.

Understanding taxes are the quickest way to wealth.

If you want to take a different route you can open an account at an investment brokerage.

I recommend low-cost index funds that track the S&P averages. YES, I know I personally invest in growth stocks but I am giving you the safest blueprint.

You cannot lose.

Step Six: Stoic Mindset

Now you have fewer expenses.

More income. Fat investments.

You need to keep things that why.

Stay in control.

Arm yourself with the Stoic mindset.

The problem is lifestyle inflation.

The Stoic mindset is the antidote.

Do not let consumer goods and greed run your mind.

You run your mind.

Learn control through stoicism.

Step Seven: Life Begins

Have you implemented the six previous steps?

Good

You will be a Millionaire.

Give yourself 5 to 7 years.

This blueprint is foolproof.

Once you reach your goal, your life will change.

Your mind will change.

When you have a million in the bank you are free to do as you please. Call it FU money. I don’t care.

You do not have to put up with anything.

You are the millionaire. Not them.

You have the power.

You can read the full version of this thread 👇

aestheticsareethics.com/blog/broke-to-…

If you want to learn how to make money and create content on social media then get Create 24/7 👇

BIG update from @getpaidwrite this week!

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