I worked with 453 millionaires and spent over 11,923 hours studying finance.
Crazy.
Here are the 11 most important lessons I learned:
Crazy.
Here are the 11 most important lessons I learned:
1. Your Partner is the Biggest Financial Decision
Choosing your partner is the biggest financial decision you’ll ever make.
They’ll either support you.
Or they’ll work AGAINST you & cost you thousands (and not to mention your mental health!) over your lifetime.
Choose wisely.
Choosing your partner is the biggest financial decision you’ll ever make.
They’ll either support you.
Or they’ll work AGAINST you & cost you thousands (and not to mention your mental health!) over your lifetime.
Choose wisely.
2. How You Spend $10 is How You’ll Spend $1,000
Building wealth comes down to habits.
So take note of how you treat $10.
Do you save/invest it?
Do you spend it on unnecessary things?
Work on your spending & saving habits first. They are the foundation.
Building wealth comes down to habits.
So take note of how you treat $10.
Do you save/invest it?
Do you spend it on unnecessary things?
Work on your spending & saving habits first. They are the foundation.
3. Income does Not Equal Net Worth
How much you earn doesn’t mean how much you are worth.
You can earn $1 million and spend $990,000 of it.
You would have LESS money than someone who makes $60,000 but saves $20,000.
How much you earn doesn’t mean how much you are worth.
You can earn $1 million and spend $990,000 of it.
You would have LESS money than someone who makes $60,000 but saves $20,000.
4. Solve Problems, Make Money
The wealthiest people in the world have all 1 thing in common:
They are problem solvers.
When you solve someone’s pain point, you make money.
The wealthiest people in the world have all 1 thing in common:
They are problem solvers.
When you solve someone’s pain point, you make money.
5. There is No Such Thing as a Free Lunch
Even if you THINK you’re getting a good deal – think again.
There will ALWAYS be an opportunity cost.
Examples include:
- Your time
- Your money
- Your energy
- Your happiness
Weigh the pros and cons before you sign a deal.
Even if you THINK you’re getting a good deal – think again.
There will ALWAYS be an opportunity cost.
Examples include:
- Your time
- Your money
- Your energy
- Your happiness
Weigh the pros and cons before you sign a deal.
6. Don’t be Penny Wise & Pound Foolish
Look at the bigger picture.
Instead of putting so much effort into saving $20 by canceling your Netflix subscription, look at the bigger costs of life:
- Your mortgage
- Your car payment
- Other major expenses
Only spend on what you need.
Look at the bigger picture.
Instead of putting so much effort into saving $20 by canceling your Netflix subscription, look at the bigger costs of life:
- Your mortgage
- Your car payment
- Other major expenses
Only spend on what you need.
7. Debt is Robbing You of Your Future Self
When you put money on credit (like a credit card) today, you are actually taking away your future spending power.
If you don’t have the cash in the bank account to pay for it, then don’t buy it.
It’s that simple.
When you put money on credit (like a credit card) today, you are actually taking away your future spending power.
If you don’t have the cash in the bank account to pay for it, then don’t buy it.
It’s that simple.
8. Wealth isn’t Sexy
Don’t fall for the trap that you need to invest in “sexy” strategies or assets.
To build wealth you don’t need to:
- Buy cash-secured puts
- Invest in alternative assets
- Follow complex hedging tactics
Index funds work just as well.
Don’t fall for the trap that you need to invest in “sexy” strategies or assets.
To build wealth you don’t need to:
- Buy cash-secured puts
- Invest in alternative assets
- Follow complex hedging tactics
Index funds work just as well.
9. Compound Interest is the Way to Wealth
Compounding is when you earn interest on your previous interest.
If you want to become a millionaire, then time is your ally.
Start investing early & often.
You may not see results immediately, but 10, 20+ years from now you will.
Compounding is when you earn interest on your previous interest.
If you want to become a millionaire, then time is your ally.
Start investing early & often.
You may not see results immediately, but 10, 20+ years from now you will.
10. Start a Business
If you want to be a millionaire, then stack the odds in your favor by building a business.
88% of self-made millionaires are entrepreneurs.
And thanks to technology, you can start your own business online and from your home.
If you want to be a millionaire, then stack the odds in your favor by building a business.
88% of self-made millionaires are entrepreneurs.
And thanks to technology, you can start your own business online and from your home.
11. If You don’t have Health, You don’t have Wealth
An unhealthy person has only 1 wish.
You only have 1 body.
Take care of it.
Medical bills will eat away at your wealth.
An unhealthy person has only 1 wish.
You only have 1 body.
Take care of it.
Medical bills will eat away at your wealth.
Thanks for reading!
If you want to:
• Get out of debt
• Build your wealth
• Stop stressing about money
And finally, live your dream life...
Then my NEW community, Wealth Suite is for YOU!
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If you want to:
• Get out of debt
• Build your wealth
• Stop stressing about money
And finally, live your dream life...
Then my NEW community, Wealth Suite is for YOU!
Join now 👇
(Early-bird discount ends TODAY)
themillennialmoneywoman.com
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