10 money tips that’ll make you a millionaire:
1. Save at least 15% of your income every month.
A great method is the 50/30/20 rule.
50% needs
30% splurges
20% savings
A great method is the 50/30/20 rule.
50% needs
30% splurges
20% savings
2. Evaluate your current financial status.
• Monitor your credit card bill
• Know your credit score
• Track your net worth
• Monitor your credit card bill
• Know your credit score
• Track your net worth
3. Buy alternative investments.
• Real estate syndications
• Collectibles
• Farmland
• Startups
• Wine
It’s a great way to diversify your portfolio and build passive income.
• Real estate syndications
• Collectibles
• Farmland
• Startups
• Wine
It’s a great way to diversify your portfolio and build passive income.
4. Develop a strong network.
Think big — connect with investors, business owners, and financial consultants.
It’s not about how much you know it’s about who you know.
Think big — connect with investors, business owners, and financial consultants.
It’s not about how much you know it’s about who you know.
5. Stop keeping up with the Kardashians.
You’ll never become wealthy trying to spend like you’re a celebrity.
You’ll never become wealthy trying to spend like you’re a celebrity.
6. Take advantage of your employer’s 401(K) match at work.
Some companies offer as much as 6% match.
Some companies offer as much as 6% match.
7. Don’t fall for get rich quick schemes.
Some red flags include 🚩
• Fast money
• Huge upfront fees
• Foggy projections and timelines
Some red flags include 🚩
• Fast money
• Huge upfront fees
• Foggy projections and timelines
8. Make property your best friend
• Storage units
• 3-4 unit homes
• Commercial units
All great ways to build generational wealth.
• Storage units
• 3-4 unit homes
• Commercial units
All great ways to build generational wealth.
9. Develop multiple streams of income
The average millionaire has over 21 streams of income.
So educate yourself on multiple assets like stocks, real estate, and startups.
The average millionaire has over 21 streams of income.
So educate yourself on multiple assets like stocks, real estate, and startups.
10. Invest in yourself
Stop blaming others for your lack of success. Start educating yourself on the power of money and start unlocking your full potential.
Stop blaming others for your lack of success. Start educating yourself on the power of money and start unlocking your full potential.
TLDR:
1. Save at least 15%
2. Check your financial status
3. Alternative investments
4. Build a network
5. Stop keeping up with the Kardashians
6. 401k match
7. Don’t get rich quick
8. Real estate
9. Multiple streams of income
10. Invest in yourself
1. Save at least 15%
2. Check your financial status
3. Alternative investments
4. Build a network
5. Stop keeping up with the Kardashians
6. 401k match
7. Don’t get rich quick
8. Real estate
9. Multiple streams of income
10. Invest in yourself
That’s all today! If you enjoyed this thread follow me @SamVyzer for more on personal finance and investing tips
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