The 7 stages of money you should know to put you in the top 1%.
It's easier than you think:
Thread
It's easier than you think:
Thread
Stage 1
Your first job you only have your paycheck with nothing left over to save
Solution : stay with your parents as long as you can
Your first job you only have your paycheck with nothing left over to save
Solution : stay with your parents as long as you can
Stage 2
Build a spending plan
It's a budget to give your money a job to work for you by giving it direction
The biggest expenses is :
Food
Accommodation
Transport
The wrong partner
Act your wage with your biggest expenses and keep to your plan
👇
etsy.com
Build a spending plan
It's a budget to give your money a job to work for you by giving it direction
The biggest expenses is :
Food
Accommodation
Transport
The wrong partner
Act your wage with your biggest expenses and keep to your plan
👇
etsy.com
Stage 3
Once you have a spending plan
You can Pay down or avoid bad debt
With a plan you now have intentional spending
Once you have a spending plan
You can Pay down or avoid bad debt
With a plan you now have intentional spending
Stage 4
If you have no debt you can save.
You now already built your spending plan.
With your plan in place you can understand how to save more.
Saving gives you momentum, the stage you want to get to fast.
If you have no debt you can save.
You now already built your spending plan.
With your plan in place you can understand how to save more.
Saving gives you momentum, the stage you want to get to fast.
Stage 5
Build your emergency fund.
This fund will give you peace of mind for an accident and avoid taking out costly debt and digging a deep hole.
Aim for 6 months emergency fund.
Build your emergency fund.
This fund will give you peace of mind for an accident and avoid taking out costly debt and digging a deep hole.
Aim for 6 months emergency fund.
Stage 6
Begin investing to grow your money.
You want to be ok save.
You want to get wealthy invest.
Start with yourself :
Udemy
Skillshare
Coursera
Twitter
You-tube
Then assets:
ETF
Stocks
Real Estate
Alternative assets
Use money as a tool to make money.
Begin investing to grow your money.
You want to be ok save.
You want to get wealthy invest.
Start with yourself :
Udemy
Skillshare
Coursera
You-tube
Then assets:
ETF
Stocks
Real Estate
Alternative assets
Use money as a tool to make money.
Stage 7
Increase your income streams.
The sooner you start the better it can be.
When you have income streams you have options.
Increase your income streams.
The sooner you start the better it can be.
When you have income streams you have options.
I'm learning so it took me more time than usual to write this thread
If you found 1% value help me out and retweet the first tweet.
Follow me @Genwealth for more content on:
-Money
-Mindset
-Financial independence
If you found 1% value help me out and retweet the first tweet.
Follow me @Genwealth for more content on:
-Money
-Mindset
-Financial independence
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