I'm 57.
If you're ambitious but lazy, please read this:
If you're ambitious but lazy, please read this:
Here's the harsh truth:
Your clock is ticking.
You might be full of ideas and ambition, but without action, your dream life will fade away.
Here's how to create some real momentum in your life: x.com
Your clock is ticking.
You might be full of ideas and ambition, but without action, your dream life will fade away.
Here's how to create some real momentum in your life: x.com
Step 1: Stagnation
At this stage, your income may barely cover your monthly expenses.
To escape: gain control of your finances, track every dollar, identify your essentials and automate your saving.
At this stage, your income may barely cover your monthly expenses.
To escape: gain control of your finances, track every dollar, identify your essentials and automate your saving.
Step 2: Ignition
Over 50% of people never get to this stage.
You're breaking out of Stagnation, but might have a couple things holding you back:
1. Friends
2. Inflation
Over 50% of people never get to this stage.
You're breaking out of Stagnation, but might have a couple things holding you back:
1. Friends
2. Inflation
Some of your friends might not like your new attitude. Don't let them hold you back and keep going!
Inflation will eat up your hard earned cash if you keep it in a bank account.
Instead, invest it in the S&P 500 over the long term to beat inflation & compound your wealth! x.com
Inflation will eat up your hard earned cash if you keep it in a bank account.
Instead, invest it in the S&P 500 over the long term to beat inflation & compound your wealth! x.com
Step 3: Acceleration
Now you've got some momentum going, it's time to speed up your journey to wealth.
Take FULL advantage of your current opportunities. They won't be here forever! x.com
Now you've got some momentum going, it's time to speed up your journey to wealth.
Take FULL advantage of your current opportunities. They won't be here forever! x.com
Focus on the 'Three C's' to dramatically boost your wealth:
• Cashflow - This is the fuel in your financial engine.
• Connections - Your network = your net worth.
• Confidence - Allows you take calculated risks and bold moves.
• Cashflow - This is the fuel in your financial engine.
• Connections - Your network = your net worth.
• Confidence - Allows you take calculated risks and bold moves.
Step 4: Expansion
This is where your wealth grows exponentially.
Buying liabilities at this stage will drain your wealth over time.
Invest in assets that appreciate in value & earn you passive income. x.com
This is where your wealth grows exponentially.
Buying liabilities at this stage will drain your wealth over time.
Invest in assets that appreciate in value & earn you passive income. x.com
Liabilities:
• Expensive cars
• Luxury goods
Assets:
• Rental properties
• Dividend stocks
• High income skills
• Expensive cars
• Luxury goods
Assets:
• Rental properties
• Dividend stocks
• High income skills
Step 5: Mastery
You've achieved financial freedom and can live life on your own terms.
Now, it's time to help others achieve their own success:
• Reinvest profits to preserve your wealth.
• Mentor others with your expertise.
• Share the lessons you've learned along the way. x.com
You've achieved financial freedom and can live life on your own terms.
Now, it's time to help others achieve their own success:
• Reinvest profits to preserve your wealth.
• Mentor others with your expertise.
• Share the lessons you've learned along the way. x.com
Which step are you on right now and where do you see yourself next year?
If you enjoyed this thread, give me @marktilbury a follow and share this post with a friend
If you enjoyed this thread, give me @marktilbury a follow and share this post with a friend
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