Everyone wants to be a millionaire
But there's no college class that gives you the millionaire blueprint
So let me break it down for you, step-by-step:
But there's no college class that gives you the millionaire blueprint
So let me break it down for you, step-by-step:
Few know the proven process for becoming a millionaire
And even fewer are willing to do what's necessary when they learn there is no 'get rich quick' option
If you're ready to start your journey to wealth
And you're willing to do what it takes to get there
Keep reading...
And even fewer are willing to do what's necessary when they learn there is no 'get rich quick' option
If you're ready to start your journey to wealth
And you're willing to do what it takes to get there
Keep reading...
1. Budgeting
Most people think budgets are boring
But most of these people are also broke
Without knowing how much you spend each month, how do you know how much you can save & invest?
You don't
You're winging it
And losing money
Here's mine👇
Most people think budgets are boring
But most of these people are also broke
Without knowing how much you spend each month, how do you know how much you can save & invest?
You don't
You're winging it
And losing money
Here's mine👇
2. Pay yourself first!
If you like to blow all your money on payday
And live paycheck to paycheck
You can go ahead and stop reading now
There is no hope of you achieving financial freedom
Want to create better money habits?
When you get paid -> Invest
If you like to blow all your money on payday
And live paycheck to paycheck
You can go ahead and stop reading now
There is no hope of you achieving financial freedom
Want to create better money habits?
When you get paid -> Invest
3. Stay out of debt!
Consumer debt is bad
If you’re carrying any kind of consumer debt, get it gone!
Use a debt snowball calculator to help
Simple rules to follow:
- If you can’t afford it, you can’t have it
- If you want it really bad, work harder for it
Consumer debt is bad
If you’re carrying any kind of consumer debt, get it gone!
Use a debt snowball calculator to help
Simple rules to follow:
- If you can’t afford it, you can’t have it
- If you want it really bad, work harder for it
3.1 Track your debt
The best way to get out of debt & stay out of debt is to track the debts you have and systemise the process of paying them off
Focus on the debt with the highest interest first
This is how I track mine ⬇️
The best way to get out of debt & stay out of debt is to track the debts you have and systemise the process of paying them off
Focus on the debt with the highest interest first
This is how I track mine ⬇️
4. Credit Cards are only good for one thing!
- Get a rewards credit card
- Use it for day-to-day expenses
- Clear at the end of each month
This means you can accrue all of the rewards points & none of the bad debt
If you cannot execute this, move onto the next step
- Get a rewards credit card
- Use it for day-to-day expenses
- Clear at the end of each month
This means you can accrue all of the rewards points & none of the bad debt
If you cannot execute this, move onto the next step
5. Live below your means
Basically, spend less than you earn
Doesn’t take a genius to understand this
But I’m always amazed by the number of people who run out of money before payday
If this is you, go back to step 1
This increases free cash flow for investing/clearing debt
Basically, spend less than you earn
Doesn’t take a genius to understand this
But I’m always amazed by the number of people who run out of money before payday
If this is you, go back to step 1
This increases free cash flow for investing/clearing debt
6. EMERGENCY FUND
This is critical
Having 3-6 months expenses saved in case of an emergency is the ultimate sleep aid
It takes the pressure off should you lose your job or need to stop working for any reason
Sounds like a lot, but just start putting away what you can today!
This is critical
Having 3-6 months expenses saved in case of an emergency is the ultimate sleep aid
It takes the pressure off should you lose your job or need to stop working for any reason
Sounds like a lot, but just start putting away what you can today!
7. Set ambitious goals
If you start saving without a clear goal, you’ll never stick it
Have a target in mind:
- A house
- A holiday
- Save £10K, £100K...
- Enough invested to leave your job
Whatever it is, just write it down and start working towards it
If you start saving without a clear goal, you’ll never stick it
Have a target in mind:
- A house
- A holiday
- Save £10K, £100K...
- Enough invested to leave your job
Whatever it is, just write it down and start working towards it
8. Invest
If you want to maximize any hope of achieving your long-term financial goals, investing is your best bet
There is no tool more powerful
- Art
- ETF’s
- Index Funds
- Dividend Stocks
- Growth/Value Stocks
Learn how 👇
If you want to maximize any hope of achieving your long-term financial goals, investing is your best bet
There is no tool more powerful
- Art
- ETF’s
- Index Funds
- Dividend Stocks
- Growth/Value Stocks
Learn how 👇
8.1 Track the growth of your investments
As you can probably tell by now, I'm a big fan of tracking and measuring all aspects of my finances
'Why?'
Because what gets measured gets managed
There's no greater feeling than being in full control of your money
See my pinned tweet
As you can probably tell by now, I'm a big fan of tracking and measuring all aspects of my finances
'Why?'
Because what gets measured gets managed
There's no greater feeling than being in full control of your money
See my pinned tweet
9. Track your net worth!
This is simply:
Assets – Liabilities
Knowing your net worth enables you to see the current health status of your finances
Every millionaire & future millionaire I know does this
A simple spreadsheet to automate the process for you is a game-changer
This is simply:
Assets – Liabilities
Knowing your net worth enables you to see the current health status of your finances
Every millionaire & future millionaire I know does this
A simple spreadsheet to automate the process for you is a game-changer
10. Earn more!
Sounds obvious, but the easiest way to build your wealth is to earn more money!
I have 5 sources of income:
- 9-5
- Dividends
- Affiliate marketing
- My digital products
- Brand Partnerships
Each gives me more cash flow to invest
Make this your priority!
Sounds obvious, but the easiest way to build your wealth is to earn more money!
I have 5 sources of income:
- 9-5
- Dividends
- Affiliate marketing
- My digital products
- Brand Partnerships
Each gives me more cash flow to invest
Make this your priority!
If you enjoyed this thread, please:
1. Follow @FiSavvy for more
2. Retweet the 1st tweet below to share this thread
1. Follow @FiSavvy for more
2. Retweet the 1st tweet below to share this thread
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