Thread by @H2Intel

Personal Finance Basics:
1. Income must be higher than Expenses. You will NOT get wealthy if you do not follow this rule. Even if you earn $10M a year, you must respect the rule otherwise you will go broke.
2. Everyone (!) can do something TODAY to generate more wealth.
1/6

Quick Win: List expenses, identify unnecessary expenses, cut them immediately. Even if you must sacrifice some things, having more spendable capital can give you financial (and emotional) relief.
3. Income is the next lever to pull. Find a way to earn more income.
2/6

Have a job? Work overtime, ask for a raise, switch employers, switch working field, create a side hustle, whatever it takes. More income will give you more ease long-term although it feels hard at the beginning. Do it anyway.
3/6

4. If you cut expenses, and you increase income, you will have more capital available. Here is the trick: don't spend it immediately. Instead invest: let the money work for you! This applies to anyone regardless of your income level.
4/6

Why is this important? If you immediately spend the money, you are at square 1. If you instead invest in good assets, your wealth WILL grow. It is not a question of IF, only a matter of time. Do this consistently, and you will be wealthy.
5/6

5. You want a shortcut? Get knowledge here: mastering-investments.com. Know-How & System -> Rapid Results & Confidence -> Wealth Grows -> Freedom Grows -> Create Dream Life.

Want it for free? Start here: guide.h2-intel.com.
6/6

#investing #finance #money #wealth #stocks #equities #crypto #bonds #commodities #passiveincome #financialfreedom #financialmarkets #personalfinance

@threadreaderapp unroll