7 investing tips the rich don’t want you to know:
1. Passive income is the goal
Passive income takes active work in the beginning, but once it starts all you do is try not to disturb it.
Real estate creates leverage.
Passive income takes active work in the beginning, but once it starts all you do is try not to disturb it.
Real estate creates leverage.
2. Keeping up with the Kardashians is a one way ticket to staying poor.
You may think rich people throw money away all the time but you’re wrong. Many save more than they spend and put their dollars to work.
You may think rich people throw money away all the time but you’re wrong. Many save more than they spend and put their dollars to work.
3. Use other people’s time and money
There’s only 24 hours in a day. Which is why the rich always trade other people’s time for money. It’s also why they’re so great at leveraging ‘’good debt.’’
There’s only 24 hours in a day. Which is why the rich always trade other people’s time for money. It’s also why they’re so great at leveraging ‘’good debt.’’
4. Charity is good for the soul — and your wallet.
Every year rich people get a huge tax deduction for donating to charity. Honestly it’s a win win. Charities get funded and the rich save money.
Every year rich people get a huge tax deduction for donating to charity. Honestly it’s a win win. Charities get funded and the rich save money.
5. The stock market makes it’s biggest return every 10 years.
Many put their money in the market for 2 weeks and give up. But the true potential of stocks is based on long term investing. Specifically using a process called Dollar Cost Averaging (DCA)
Many put their money in the market for 2 weeks and give up. But the true potential of stocks is based on long term investing. Specifically using a process called Dollar Cost Averaging (DCA)
6. Diversification is key.
It’s why they diversify and manage their portfolio regularly using a spreadsheet or platform.
go.vyzer.co
It’s why they diversify and manage their portfolio regularly using a spreadsheet or platform.
go.vyzer.co
7. Wealth is built in the public market but riches are built in the private market.
There’s a whole world of money out there;
• Fine art
• Real estate
• Collectibles
• Private funds
• ATM investing
• Racehorse investing
Are just some of the many ways to make money.
There’s a whole world of money out there;
• Fine art
• Real estate
• Collectibles
• Private funds
• ATM investing
• Racehorse investing
Are just some of the many ways to make money.
TLDR:
1. Passive income
2. No Kardashians lifestyle
3. Use other people’s time + money
4. Charity pays
5. Invest in the stock market long term
6. Diversify
7. Private market > public market
1. Passive income
2. No Kardashians lifestyle
3. Use other people’s time + money
4. Charity pays
5. Invest in the stock market long term
6. Diversify
7. Private market > public market
That’s all for today! If you enjoyed this thread follow me @SamVyzer for more on personal finance and investing tips
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