Money should be put towards: Experiences, assets, network, education and mentors.
Money saved is money wasted.
Besides emergency funds, everything should be put to work so you can move forward with SPEED
Stacking Cash:
Best way to get rich is to combine cashflow with capital multiplication avenues:
-Ecom biz->Crypto
-Doctor->Real Estate
You need to maximise BOTH the former and latter to get rich as quick as possible.
Focusing on one side will slow you down significantly
Think quick, act quick:
Most ppl have been brought up to be FRUGAL, because their parents encourage 'comfort' over growth.
Decisions realistically take 1 hour MAX to make.
Any longer is simply waiting for new information, or procrastination.
Action > Inaction
Perseverance > Everything:
Making 6 figures/year from an online biz isn't HARD.
Growing wealth in Crypto isn't HARD
The only thing most people lack is PERSEVERANCE
You've gotta push through the initial hurdles of getting your first clients and believe in yourself
Align PLANS with GOALS:
SO many people in the world have wild goals:
"I want to be financially free"
Yet, their PLANS are totally misaligned:
- Work an average job w/ normal pay
- No side hustle/assymetric bets
If you ACTUALLY wanted 'freedom', your plans would be aligned
Work for someone successful for free:
When you're young, and broke, you possess a very valuable asset: TIME.
Use this to your advantage.
If you provide enough value for someone in a position where you want to be, they WILL reciprocate eventually.
Avoid Crypto BEFORE cash flow
- If you don't make high 5 figs/yr, AVOID investing in Crypto.
Crypto before solid cashflow is simply shiny object syndrome.
SO many newbies come into Crypto with $500 expecting to get rich
Even though we already went 10x this year from bottom
Engineer luck wherever possible
Luck shouldn't be random, it should be ENGINEERED:
- Eat at the fancy restaurants
- Buy that mentorship that seems 'expensive'
- Help that stranger who is in need
- Cold outreach to famous IG accounts daily
- Join networking groups
"Your network is your networth" is an understatement
Wealth compounds. But your connections compound more.
- The best hidden 100x gem isn't any altcoin you can buy, but instead a potential connection you make, or network you find.
/End
Wondering what to do if you wish to take this path?
The single best investment I personally ever made was from joining The War Room.
- I made over 6 figs this year alone from the value inside of this network. 👇
- Read up on the different projects
- Understand their value proposition and how this value accrual is connected to their token
- Read up on the team/investors/roadmap
'Reminiscences of a Stock Operator', published in 1932, is a mandatory read for all crypto investors📜
After reading for a 3rd time, I've included some of my personal favourite passages below⬇️
$crypto
Ever made a trade in the hopes that the market will pay for something you desire❓
Don't.
"What does a man do when he sets out to make the stock market pay for a sudden need? Why, he merely hopes."
"There is nothing new in Wall Street. There can't be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again". 🦉
- The exact same applies to the crypto market, and any other market that humans trade📈