If you are between the ages of 20 and 40, these are the best life lessons that no one will ever tell you: • Do not marry based on appearance

Your spouse is the most important financial decision you will ever make.

Values and character last a lifetime, whereas appearances fade.

By the age of 30, you need to know these formulas and you will be financially better off than 99% of people: • Cash flow

It shows your savings, given the money you make and spend.

A positive cash flow indicates that you live below your means.

A negative cash flow indicates that you spend more than you earn.

If you aspire to create wealth, here are the rules that you have to know: • Surround yourself with successful people

Your entourage has a significant impact on you.

Spend time with people who push you to be your best.

Their habits will rub off on you, and you will succeed as a result.

If you don't know how to read and analyze a Balance Sheet, read this: A balance sheet is a snapshot of a business at a specific point in time. It serves two purposes.

Internally, it provides information about the financial health of a company.

Externally, it depicts the business's resources and how they are financed.

These lessons took me 15 years to learn, but I'll show you in 3 minutes.

Here are the best financial lessons you should know: • Having a circle of friends that discusses businesses, investing, and personal growth is a game-changer in life.

Atomic Habits isn’t just a book—it’s a blueprint for transforming your life, one habit at a time.

Here are 10 Amazing Lessons from the book that will change your life forever: • The Power of Compounding

Tiny changes in habits can change the trajectory of our lives in amazing ways.

Success is not about massive actions. It is the tiny improvements that aren’t even noticeable at first.

Habits are the compound interest of self-improvement.

Invest 3 minutes and read the following ideas to become smarter about your money than 99% of people: • Swallow your pride, act broke, and you will build an amazing amount of wealth.

I came from a poor family, and in less than 10 years, I grew my investment portfolio from $5,000 to more than $500,000.

All I did were some simple things that anyone can do.

Here's how you can do it: • Budget

A budget is a tool that puts you in control of every dollar you earn.

How to budget:

- Allocate 50% of income to needs
- Use 30% for wants
- Reserve 20% for savings and debt repayment

You won’t know where your money goes if you don't track your expenses.

Invest 3 minutes to read the best financial quotes that will teach you more than an MBA degree: "Too many people spend money they earned to buy things they don't want to impress people that they don't like." -Will Rogers

If you want to understand and analyze a cash flow statement, read this: The cash flow statement summarizes the cash generated and spent over a specific period (for example, a month, quarter, or year).

It shows an organization’s ability to operate in the short and long term based on the amount of cash flowing into and out of it.

If you don't know how to read and analyze a Balance Sheet, read this: A balance sheet is a snapshot of a business at a specific point in time. It serves two purposes.

Internally, it provides information about the financial health of a company.

Externally, it depicts the business's resources and how they are financed.
It shows the company's assets, liabilities, and shareholders' equity.

The equation to remember is: ASSETS = LIABILITIES + EQUITY

If you are in your 20s, prioritize the following advice to avoid regret in your 40s and 50s: • Do not marry too early

Too many people marry before they have a firm grasp on who they are or what they want out of life.

Marriage is one of the most impactful decisions that you will ever make.

Learn about yourself, including your strengths, weaknesses, and tendencies.

If you want to make better financial decisions, the psychology of money is a must-read.

18 Timeless Lessons from the Book The Psychology of Money: • No One’s Crazy

People's money decisions are justified by taking the information they have at the moment and plugging it into their unique mental model of how the world works.

Origins and upbringing shape money decisions.

We do crazy things with money. But no one is crazy.

Invest 3 minutes and read the following ideas to become smarter about your money than 99% of people: • Swallow your pride, act broke, and you will build an amazing amount of wealth.

If you want to advance your career, you should learn the following financial skills: • Accounting skills

Employers are always looking for people with accounting skills.

You don't need to be an accountant but rather have the ability to read and interpret financial statements, which are:

- Balance sheet
- Income statement
- Cash flow statements

By the age of 30, you should be able to answer the following money questions: • What is your net worth?

By 30, you need to understand where you stand financially.

This is required for financial success.

Your net worth is a good indicator of your financial health.

It entails knowing your assets and liabilities.

It should, ideally, be positive.

By age 30, you need to master these money skills if you want to be 10 years ahead financially: • Network with people

Your ability to succeed and find opportunities can depend on the people that you know.

Spend time with ambitious people who have a desire to grow.

You'll gain a lot of knowledge and always strive to improve yourself.

If you are in your 20s, here is the best financial advice to ensure that you build wealth in your 30s and 40s: • Do not rush into marriage. Before making that choice, get to know yourself. The person you marry is the greatest financial decision you will ever make, so make sure it's well-thought-out.

If you are in your 20s, avoid these financial traps to be 10 years ahead of people your age: • Starting a family without a financial plan

Raising a child costs approximately $310k from birth to the age of 17, excluding pregnancy and college costs.

It is critical to plan ahead of time when starting a family because this decision can change the course of your life.

15 books that everyone should read at least once in their lifetime:

• The Psychology of Money

Lessons

• Your experiences shape your financial decision-making.

• Financial success is more determined by how you behave than what you know.

• Effective money management is simple: Earn. Spend less than you earn. Invest. • Think and Grow Rich

Lessons

• Success starts with a burning desire for a specific goal.

• Use positive affirmations and visualization.

• Surround yourself with a mastermind group of people.

I was born poor, but I will make sure that my children and family never experience poverty again.

Here's how you can do it for your family: • Budget

A budget is a tool that gives you control over every dollar you earn.

How to budget:

- Allocate 50% of your income on needs
- 30% on wants
- 20% on savings and debt repayment

If you can't track your expenses, you won't know where your money goes.