If you want to build wealth, read this:
1. Invest your money
-The average millionaire invests 60% of their income
-Pay yourself first by investing your paycheck and then consuming
-The average millionaire invests 60% of their income
-Pay yourself first by investing your paycheck and then consuming
2. Multiple Streams of Income
- Warren Buffett says the average millionaire has 7 streams of income
- Start with a side hustle, use that extra income to invest into another income source
- Warren Buffett says the average millionaire has 7 streams of income
- Start with a side hustle, use that extra income to invest into another income source
3. Read More Books
- 85% of millionaires read two or more books a month for education and learning purposes
-Start out by reading just 30 minutes a day
Pro Tip: Listen to Educational Podcasts/YouTube on your daily walk
- 85% of millionaires read two or more books a month for education and learning purposes
-Start out by reading just 30 minutes a day
Pro Tip: Listen to Educational Podcasts/YouTube on your daily walk
4. Network
- You will become the average net worth of your 4 close friends
-Building a strong network will introduce you to many opportunities
Pro Tip: Use social media to reach out to people
- You will become the average net worth of your 4 close friends
-Building a strong network will introduce you to many opportunities
Pro Tip: Use social media to reach out to people
5. Avoid Debt
-Dave Ramsey and I donβt agree on much, but he does a great job of helping people get out of debt
-If you get out of debt, you can use those debt payments to invest
-Dave Ramsey and I donβt agree on much, but he does a great job of helping people get out of debt
-If you get out of debt, you can use those debt payments to invest
6. Create an Emergency Fund
- 56% of adults canβt cover a $1,000 emergency expense
-Create this emergency fund and only use it for emergencies
- 56% of adults canβt cover a $1,000 emergency expense
-Create this emergency fund and only use it for emergencies
7. Wealth is Freedom
-The number 1 reason to build wealth is so you can have the freedom each day to do whatever you want
-Donβt chase the luxury items, chase the ultimate luxury: time
-The number 1 reason to build wealth is so you can have the freedom each day to do whatever you want
-Donβt chase the luxury items, chase the ultimate luxury: time
Thank you for reading!
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-RT my first tweet
-Follow me: @investmattallen
-Subscribe to my newsletter
I tweet things like this everyday to help you create generational wealth
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Typically a 5-minute read and free, itβs a no brainer :)
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