My journey from $0 to $1 Million
17 Lessons I Learned
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17 Lessons I Learned
//THREAD
1. Know you are high-value
High-value individuals have aspirations. They will work toward goals without letting anyone else get in the way.
When you have self-worth you will work harder to give yourself the life you deserve. It is expected.
Value yourself and feel worthy.
High-value individuals have aspirations. They will work toward goals without letting anyone else get in the way.
When you have self-worth you will work harder to give yourself the life you deserve. It is expected.
Value yourself and feel worthy.
2. Always invest in yourself
The benefits of self-improvement last a lifetime. You will continually reap the rewards. When you begin to go down this path it will impact your rate-of-return in every avenue of life.
The knowledge you gain compounds.
Growth becomes exponential.
The benefits of self-improvement last a lifetime. You will continually reap the rewards. When you begin to go down this path it will impact your rate-of-return in every avenue of life.
The knowledge you gain compounds.
Growth becomes exponential.
3. Believe in yourself
Building wealth is primarily a mental game.
Believing you can become wealthy is the first step.
If you don’t have the belief that you can change your life, you never will. Behavior always follows beliefs.
Building wealth is primarily a mental game.
Believing you can become wealthy is the first step.
If you don’t have the belief that you can change your life, you never will. Behavior always follows beliefs.
4. Marry the right person
The person you marry is the biggest financial decision you make. The right person will lead to prosperity. The wrong person will lead to ruin.
Choose wisely.
The person you marry is the biggest financial decision you make. The right person will lead to prosperity. The wrong person will lead to ruin.
Choose wisely.
5. Understand how taxes work
Understanding how taxes work in your country is the quickest/easiest way to generate wealth.
The Truth: taxes are complicated is to keep smart people at the top. Smart people are capable of exploiting loopholes.
Understanding how taxes work in your country is the quickest/easiest way to generate wealth.
The Truth: taxes are complicated is to keep smart people at the top. Smart people are capable of exploiting loopholes.
6. Understand the real definition of wealth
Net worth = Assets - Liabilities
This is no other definition.
A wealthy person is someone that has a sustainable lifestyle. It can last for years through investments/ businesses that produce multiple income streams.
That's it.
Net worth = Assets - Liabilities
This is no other definition.
A wealthy person is someone that has a sustainable lifestyle. It can last for years through investments/ businesses that produce multiple income streams.
That's it.
7. Dream about your future life
Picture your ideal life down the road.
Imagine sitting on the beach.
You are running a social media empire while drinking margaritas. It’s possible.
Let your dreams for tomorrow be your motivation for today.
Picture your ideal life down the road.
Imagine sitting on the beach.
You are running a social media empire while drinking margaritas. It’s possible.
Let your dreams for tomorrow be your motivation for today.
8. Avoid fiscally irresponsible people
Also known as the "Joneses"
They want to look wealthy, not be wealthy.
They seek wealth for status. They want to impress others because they are a slave to other peoples opinions.
It's better to not care what others think.
Also known as the "Joneses"
They want to look wealthy, not be wealthy.
They seek wealth for status. They want to impress others because they are a slave to other peoples opinions.
It's better to not care what others think.
9. Have children
This is counterintuitive.
Thinking children are expensive (and not having them) is a terrible mindset.
It's also wrong. Having children will bring you energy.
When you have a child you will move mountains for them to ensure that they have a bright future.
This is counterintuitive.
Thinking children are expensive (and not having them) is a terrible mindset.
It's also wrong. Having children will bring you energy.
When you have a child you will move mountains for them to ensure that they have a bright future.
10. Read the right books
These books will help you conquer your wallet
1 Think and Grow Rich - N Hill
2 The Automatic Millionaire - D Bach
3 Your Money or Your Life - V Robin
4 Rich Dad Poor Dad - Kiyosaki
5 The Millionaire Next Door - T Stanley
Good books = Good influence
These books will help you conquer your wallet
1 Think and Grow Rich - N Hill
2 The Automatic Millionaire - D Bach
3 Your Money or Your Life - V Robin
4 Rich Dad Poor Dad - Kiyosaki
5 The Millionaire Next Door - T Stanley
Good books = Good influence
11. Skip Starbucks Coffee
Many small BAD habits will make you poor.
Starbucks is also garbage coffee.
It's like eating at McDonald's (have some class).
Over 30 years the money you spent would be worth 300K.
It’s only one small habit and that’s not chump change.
Many small BAD habits will make you poor.
Starbucks is also garbage coffee.
It's like eating at McDonald's (have some class).
Over 30 years the money you spent would be worth 300K.
It’s only one small habit and that’s not chump change.
12. Be Charitable
Become selfless, not selfish.
Giving to charity puts life into perspective. It gives meaning. There is a reason why you are building wealth.
Become selfless, not selfish.
Giving to charity puts life into perspective. It gives meaning. There is a reason why you are building wealth.
13. Understand luck doesn’t exist
"Luck is when preparation meets opportunity." - Seneca
Everyone creates their own path and the most important ingredient is perseverance. What matters is that you work every single day on making your dreams a reality.
"Luck is when preparation meets opportunity." - Seneca
Everyone creates their own path and the most important ingredient is perseverance. What matters is that you work every single day on making your dreams a reality.
14. Embrace the Stoic Mindset
You will never have enough when you look at what you own. Society is built to leave you wanting more. It's a Trap.
Instead, compare yourself to those who are poorer.
Your lifestyle will seem a lot richer.
Wealth is all about perspective.
You will never have enough when you look at what you own. Society is built to leave you wanting more. It's a Trap.
Instead, compare yourself to those who are poorer.
Your lifestyle will seem a lot richer.
Wealth is all about perspective.
15. Enjoy Being Uncomfortable
Society wants to be comfortable.
Wealthy people enjoy taking risks.
Wealthy people are driven by uncertainty.
Uncertainty energizes them. Embrace it.
Society wants to be comfortable.
Wealthy people enjoy taking risks.
Wealthy people are driven by uncertainty.
Uncertainty energizes them. Embrace it.
16. Embrace Optimism
Optimistic people live in the future.
Pessimistic people live in the past.
It is no coincidence that the wealthiest people I know are also the most optimistic.
Optimistic people live in the future.
Pessimistic people live in the past.
It is no coincidence that the wealthiest people I know are also the most optimistic.
17. One million is just a start
Most people make their first 1 million and become content.
This is a mistake.
This where life begins.
You now have some FU money.
This is when you make things happen.
Most people make their first 1 million and become content.
This is a mistake.
This where life begins.
You now have some FU money.
This is when you make things happen.
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