Build Wealth - 12 Hidden Rules Of The Game Your Family Were Never Told 
1. Being rich and wealthy are not the same.
The rich buy things, the wealthy buy time.
Being rich means that you can buy the things you need and want.
Being wealthy means you never have to worry about money and can do as you like with your time.
The rich buy things, the wealthy buy time.
Being rich means that you can buy the things you need and want.
Being wealthy means you never have to worry about money and can do as you like with your time.
2. The first goal of earning money is to get rich, but the goal that really matters is becoming wealthy.
Being wealthy means you have the time to spend on the people and causes you care about most.
Being rich means you can spend.
Being wealthy means you're free.
Being wealthy means you have the time to spend on the people and causes you care about most.
Being rich means you can spend.
Being wealthy means you're free.
3. The path to wealth is hacking the game of money.
Here are the rules:
-Keep expenses to less than you earn
- Have multiple sources of income
- Focus on investing not saving
- Be consistent & patient
They look simple to follow but in practice are not easy.
Here are the rules:
-Keep expenses to less than you earn
- Have multiple sources of income
- Focus on investing not saving
- Be consistent & patient
They look simple to follow but in practice are not easy.
4. Rule #1 Keep expenses to less than you earn
People get caught out by lifestyle creep.
They end up living beyond their means, even with big income increases.
Every dollar you spend is one less dollar you can invest.
People get caught out by lifestyle creep.
They end up living beyond their means, even with big income increases.
Every dollar you spend is one less dollar you can invest.
Spending more than you make will lead you to the door of debt.
High borrowing interest rates eat into you future income as well as current.
Be frugal and reduce consumption of things that you do not need.
High borrowing interest rates eat into you future income as well as current.
Be frugal and reduce consumption of things that you do not need.
5. Rule #2 Have multiple sources of income
Millionaires have at least 5 different sources of income.
Having one source of income from a 9-5 is the riskiest strategy.
Millionaires have at least 5 different sources of income.
Having one source of income from a 9-5 is the riskiest strategy.
Diversify your income so you never grow dependent on only one.
You want active income and passive income.
Leverage your money so it's working 24/7 for you.
You want active income and passive income.
Leverage your money so it's working 24/7 for you.
6/ Rule #3 Focus on investing not saving
The financial system we live in rewards investors.
Savers see the power of their money deflated away.
If you save, your money will reduce in value.
If you invest, your assets will grow in value.
The financial system we live in rewards investors.
Savers see the power of their money deflated away.
If you save, your money will reduce in value.
If you invest, your assets will grow in value.
7/ Rule #4 Be consistent & patient
Everyone wants to get rich quick, but few are willing to get rich for sure.
Nobody wants to get rich slow.
Detach your emotions from the outcome.
Everyone wants to get rich quick, but few are willing to get rich for sure.
Nobody wants to get rich slow.
Detach your emotions from the outcome.
Think long term and ride the wave of compounding.
It can literally be life changing.
Hard things give an easy life.
5-10 years of boring investing can set you up for wealth.
It can literally be life changing.
Hard things give an easy life.
5-10 years of boring investing can set you up for wealth.
8. Reasons people fail
- Lack of understanding of the game
or
- Absence of discipline to do the difficult things.
You don't have to be intelligent to crack the code.
Don't worry,
If you're reading this you are.
- Lack of understanding of the game
or
- Absence of discipline to do the difficult things.
You don't have to be intelligent to crack the code.
Don't worry,
If you're reading this you are.
9. Calculations for building wealth:
- Initial investment: $5,000
- Monthly investment: $1,000
- Annual investment return: 8%
- Time period: 30 years
Total value of capital upon retirement: $1.5million !
That's $365 contribution
And $1.18million PROFIT
- Initial investment: $5,000
- Monthly investment: $1,000
- Annual investment return: 8%
- Time period: 30 years
Total value of capital upon retirement: $1.5million !
That's $365 contribution
And $1.18million PROFIT
10. Most common mistake to avoid
Trying to save your way out of financial trouble or to financial wealth.
Saving is futile for anything other than keeping an emergency fund.
Trying to save your way out of financial trouble or to financial wealth.
Saving is futile for anything other than keeping an emergency fund.
Inflation is eating away at your net worth even though it feels like you're making progress.
Find a way to create more income so you can invest.
Find a way to create more income so you can invest.
11. Having a different start line
Some are born wealthy and some are born poor.
Some are fortunate to be born in developed countries, some are not.
Education and skills are the great equalizers.
Use skills to create money.
Educate yourself on how to invest.
Some are born wealthy and some are born poor.
Some are fortunate to be born in developed countries, some are not.
Education and skills are the great equalizers.
Use skills to create money.
Educate yourself on how to invest.
When you understand the game of money, you can do exactly what rich people do.
They don't save. They invest.
With their profits, they don't waste they reinvest.
They don't save. They invest.
With their profits, they don't waste they reinvest.
12/ Do these four things to build true wealth:
-Keep expenses to less than you earn
- Have multiple sources of income
- Focus on investing not saving
- Be consistent & patient
There is no such thing as getting rich quick.
No matter what anyone tells you.
-Keep expenses to less than you earn
- Have multiple sources of income
- Focus on investing not saving
- Be consistent & patient
There is no such thing as getting rich quick.
No matter what anyone tells you.
Join the Private Stock Group today to transform your Investing.
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Created by @FiSavvyDad
For little more than your Netflix subscription.
Click below to join:
bit.ly/3CRM03a
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