Rich people are keeping you BROKE, here’s how…
- Thread -
- Thread -
Rich people often spew financial advice they rarely follow
When doing this, they keep the rest of us broke
Here is common advice you should reconsider using
The rich don’t use it so chances are neither should you…
When doing this, they keep the rest of us broke
Here is common advice you should reconsider using
The rich don’t use it so chances are neither should you…
1. Saving money
Saving money seems like good advice - but it’s not
Money saved is idle money and this type of money doesn’t grow over time
Sure, set aside money for emergencies but that’s it
To see your wealth grow, keep your money busy…
Saving money seems like good advice - but it’s not
Money saved is idle money and this type of money doesn’t grow over time
Sure, set aside money for emergencies but that’s it
To see your wealth grow, keep your money busy…
2. Reduce spending
Cost reduction only gets you so far in life
In fact, most people spend more than you’d expect
However they spend on:
- Learning
- Networking
- Investing
Money is meant to be spent
Use it on the right things and your finances will flourish
Cost reduction only gets you so far in life
In fact, most people spend more than you’d expect
However they spend on:
- Learning
- Networking
- Investing
Money is meant to be spent
Use it on the right things and your finances will flourish
3. Get out of debt
You should avoid debt at all costs, right?
While the rich give us this advice, they use debt constantly
They use it to:
- Fund their businesses
- Buy property
- Invest on margin
Debt is just another financial tool
Use it well and it will reward you…
You should avoid debt at all costs, right?
While the rich give us this advice, they use debt constantly
They use it to:
- Fund their businesses
- Buy property
- Invest on margin
Debt is just another financial tool
Use it well and it will reward you…
4. Go to school
Few people get rich going to school
Sadly, kids are now paying more than ever to do so
The rich succeed by taking alternate paths
This is why they advise formal education then go the other way…
Few people get rich going to school
Sadly, kids are now paying more than ever to do so
The rich succeed by taking alternate paths
This is why they advise formal education then go the other way…
5. Have A 9-5 Income
Few people get rich with a job
Jobs are inefficient income vehicles
Jobs will:
- Pay you very little
- Steal more time than you’d expect
As such, the rich use other means to make money
But will still tell you that having a job is a ticket to wealth…
Few people get rich with a job
Jobs are inefficient income vehicles
Jobs will:
- Pay you very little
- Steal more time than you’d expect
As such, the rich use other means to make money
But will still tell you that having a job is a ticket to wealth…
6. Diversifying your investments
We should all diversify, right?
While most people are advised to do so, the rich seldom do
This is because diversifying your money is diversifying your attention
Most rich people focus on one path to wealth
But there is always an exception...
We should all diversify, right?
While most people are advised to do so, the rich seldom do
This is because diversifying your money is diversifying your attention
Most rich people focus on one path to wealth
But there is always an exception...
7. Enjoy your free time
You can have leisure or wealth - the choice is yours
Sadly, most people spend way too much time consuming
We are sold the idea of “work-life balance”
However, to much is given, much is required
Use your free time wisely…
You can have leisure or wealth - the choice is yours
Sadly, most people spend way too much time consuming
We are sold the idea of “work-life balance”
However, to much is given, much is required
Use your free time wisely…
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I write daily threads on:
- Financial management
- Building generational wealth
- Investing for success
Follow me for financial wisdom that will change your life forever: @Adam_DelDuca
I write daily threads on:
- Financial management
- Building generational wealth
- Investing for success
Follow me for financial wisdom that will change your life forever: @Adam_DelDuca
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