Broke people rely on the system and blame it.
Wealthy people learn the system and beat it.
Below are 6 ways to beat the system:
Wealthy people learn the system and beat it.
Below are 6 ways to beat the system:
1. Understand how interest works
If you're a borrower, you're paying interest.
If you're a lender, you're receiving interest.
Pay off high-interest debt and start investing in assets to get to the lending side.
If you're a borrower, you're paying interest.
If you're a lender, you're receiving interest.
Pay off high-interest debt and start investing in assets to get to the lending side.
2. Read the terms of every account you open
I saved so much interest by using zero-percent credit card offers when I was paying off my debt.
However, this strategy could have backfired if I didn't know the terms of the offer or the fees incurred if I had used the card again.
I saved so much interest by using zero-percent credit card offers when I was paying off my debt.
However, this strategy could have backfired if I didn't know the terms of the offer or the fees incurred if I had used the card again.
3. Start believing frugality is cool
I used to think I needed a lot of stuff to feel important, however, it's not the stuff that makes a difference.
We end up buying more to compensate for self-esteem issues.
Have confidence and keep more of your hard-earned money.
I used to think I needed a lot of stuff to feel important, however, it's not the stuff that makes a difference.
We end up buying more to compensate for self-esteem issues.
Have confidence and keep more of your hard-earned money.
4. Stop focusing on consumption
We used to be called citizens of our countries; now we are called consumers.
Being exposed to thousands of advertisements everyday makes consuming easy.
Use your willpower and focus on creation instead of consumption.
We used to be called citizens of our countries; now we are called consumers.
Being exposed to thousands of advertisements everyday makes consuming easy.
Use your willpower and focus on creation instead of consumption.
5. Don't follow the masses
When everyone is going one direction, it's probably a sign that you should go the other way.
When everyone wants in real estate, the prices soar.
When everyone wants out, prices deflate.
This is the best time to buy.
When everyone is going one direction, it's probably a sign that you should go the other way.
When everyone wants in real estate, the prices soar.
When everyone wants out, prices deflate.
This is the best time to buy.
6. Pay yourself first
When you've invested consistently over time and created wealth, you no longer need to depend on your 9-5 for a salary.
You've won.
You beat the system.
When you've invested consistently over time and created wealth, you no longer need to depend on your 9-5 for a salary.
You've won.
You beat the system.
If you enjoyed this thread:
1. Follow me @iamcoriarnold for more of these
2. RT the first tweet to share this thread with your audience
1. Follow me @iamcoriarnold for more of these
2. RT the first tweet to share this thread with your audience
Ready to take control of your money?
- pay off debt
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Start with this free e-book:
iamcoriarnold.gumroad.com
- pay off debt
- invest
Start with this free e-book:
iamcoriarnold.gumroad.com
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