Read on Twitter
7 Lessons on how to fatten your wallet
From "The Richest Man in Babylon"
The third lesson has made many people rich beyond belief
//Thread//
From "The Richest Man in Babylon"
The third lesson has made many people rich beyond belief
//Thread//
The First Lesson:
Start paying yourself
At least 10% of your income should be saved and put to use for yourself.
This does not mean spending it on material things you may perceive as valuable
Start paying yourself
At least 10% of your income should be saved and put to use for yourself.
This does not mean spending it on material things you may perceive as valuable
Second Lesson:
Control your expenses
As stated in the previous tweet, you must not buy things you mistake as necessities
Whenever you start to have money, your expenses will usually rise and you will no longer have any money
This is the trap you must not fall into
Control your expenses
As stated in the previous tweet, you must not buy things you mistake as necessities
Whenever you start to have money, your expenses will usually rise and you will no longer have any money
This is the trap you must not fall into
Third Lesson:
Multiply your money
Invest your money into something that will generate a solid return
It can be the stock market, digital assets, or physical assets to help you finish jobs faster
Just make sure to put your money to work to help you earn more money! This is
Multiply your money
Invest your money into something that will generate a solid return
It can be the stock market, digital assets, or physical assets to help you finish jobs faster
Just make sure to put your money to work to help you earn more money! This is
Fourth Lesson:
Guard your money from loss
Almost all investments have some sort of risk involved
Your goal should be to have a strategy that lowers the risk and helps you keep more of your money in the end
Make sure to do proper research before investing
Guard your money from loss
Almost all investments have some sort of risk involved
Your goal should be to have a strategy that lowers the risk and helps you keep more of your money in the end
Make sure to do proper research before investing
Fifth Lesson:
Make your home a profitable asset
Buy instead of renting is one of the best decisions you can make
An even better decision is starting your own side business so you can partially write​ off payments and save money on taxes
Save money + appreciating asset = W
Make your home a profitable asset
Buy instead of renting is one of the best decisions you can make
An even better decision is starting your own side business so you can partially write​ off payments and save money on taxes
Save money + appreciating asset = W
Sixth Lesson:
Ensure a future income
Make sure to invest knowing you will need more money when you no longer work
You have to secure a great pension, with some income generating assets
Or
Secure enough assets to live off the profits of selling or the income generated
Ensure a future income
Make sure to invest knowing you will need more money when you no longer work
You have to secure a great pension, with some income generating assets
Or
Secure enough assets to live off the profits of selling or the income generated
Seventh Lesson:
Increase your earning potential
The more you learn, the more you earn
Increasing your knowledge is one of the easiest way to increase your earning potential
From there you have to implement what you learn and convert it into an increase in income
Increase your earning potential
The more you learn, the more you earn
Increasing your knowledge is one of the easiest way to increase your earning potential
From there you have to implement what you learn and convert it into an increase in income
This is the way to become wealthy
These are tried and true lessons that have made many millionaires
I highly recommend getting started on this right away, no better time than right after New Year's!
Start fattening your wallet and building wealth today
These are tried and true lessons that have made many millionaires
I highly recommend getting started on this right away, no better time than right after New Year's!
Start fattening your wallet and building wealth today
If you need help coming up with a plan or want to learn my strategies to build wealth just drop me a DM !
