This book changed how I look at money.
I read it so you don't have to.
These are the 5 biggest lessons that can make you RICH:
I read it so you don't have to.
These are the 5 biggest lessons that can make you RICH:
Lesson 1: Don’t drive your wealth.
What is the most popular car among millionaires? Toyota.
86% of luxury cars are purchased by non-millionaires.
The way to wealth isn't driving the expensive car to look cool. It is actually buying assets with that money.
What is the most popular car among millionaires? Toyota.
86% of luxury cars are purchased by non-millionaires.
The way to wealth isn't driving the expensive car to look cool. It is actually buying assets with that money.
Lesson 2: Income does not equal wealth.
While having a higher income helps with wealth building... what really matters is how much of the income is invested.
Someone who makes $250k but spends $260k is slowly falling behind someone who makes $70k, spends $50k & invests $20k!
While having a higher income helps with wealth building... what really matters is how much of the income is invested.
Someone who makes $250k but spends $260k is slowly falling behind someone who makes $70k, spends $50k & invests $20k!
Lesson 3: Love the spouse you’re with.
The majority of wealthy people are married and stay married to the same person (according to the book). Marriage shouldn’t be just about money, though.
“A couple cannot accumulate wealth if one of its members is a hyper-consumer”.
The majority of wealthy people are married and stay married to the same person (according to the book). Marriage shouldn’t be just about money, though.
“A couple cannot accumulate wealth if one of its members is a hyper-consumer”.
Lesson 4: Invest in yourself.
Stocks are great, but you are greater.
The best return you will see in the return from investing into your education, health, relationships... YOU!
Continuously be a student of life & never stop learning.
Stocks are great, but you are greater.
The best return you will see in the return from investing into your education, health, relationships... YOU!
Continuously be a student of life & never stop learning.
Lesson 5: Know where your money is going.
66% of millionaires answered YES to this question: “Do you have a clearly defined set of daily, weekly, monthly, annual, and lifetime goals?”.
Ask yourself this. Do you have a plan for your money. Do you have a strategy.
66% of millionaires answered YES to this question: “Do you have a clearly defined set of daily, weekly, monthly, annual, and lifetime goals?”.
Ask yourself this. Do you have a plan for your money. Do you have a strategy.
Bonus Lesson 6: Time is money.
High accumulators of wealth spend nearly 2x as many hours per month planning their investments as under accumulators of wealth.
Treat your finances like it is your business. It is your hard earned money. Put it to work FOR YOU... not against you.
High accumulators of wealth spend nearly 2x as many hours per month planning their investments as under accumulators of wealth.
Treat your finances like it is your business. It is your hard earned money. Put it to work FOR YOU... not against you.
While there are always anomalies, The Millionaire Next Door is a great book that teaches about the daily decisions of every day millionaires.
The biggest lesson I learned when I read it:
Don't worry about what others think. Stop trying to keep up with the Joneses.
The biggest lesson I learned when I read it:
Don't worry about what others think. Stop trying to keep up with the Joneses.
Learn how to make $100s or even $1000s every week selling options.
I make around $2,000 every month doing this.
900 people have already completed my course.
The next 6 people will get 20% off the price.
Use code "twitter" at checkout.
decadeinvestor.gumroad.com
I make around $2,000 every month doing this.
900 people have already completed my course.
The next 6 people will get 20% off the price.
Use code "twitter" at checkout.
decadeinvestor.gumroad.com
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I post threads every week on all things money, investing, options & more!
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Thanks!!
- @DecadeInvestor & @ZzzMoneyClub
I post threads every week on all things money, investing, options & more!
+ check my link in my bio for resources to start investing TODAY!
Thanks!!
- @DecadeInvestor & @ZzzMoneyClub
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