I spent $60,593 on a Finance Degree so you don't have to.
Here are the 11 most important lessons I learned:
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.
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.
Choose wisely.
2. 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.
3. 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.
4. 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.
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. Health is the Ultimate 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.
8. 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.
9. 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.
Thanks for reading!
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If you enjoyed this thread, then join my FREE newsletter.
I write an email to 30,000+ subscribers every Saturday where I share the secrets to creating modern wealth.
You can sign up here: themillennialmoneywoman.com
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