Read on Twitter
The thing you own, end up owning you
~Tyler Burden
// A THREAD ON MONEY //
~Tyler Burden
// A THREAD ON MONEY //
1) Hyperbolic Discounting
A tendency for people to increasingly choose smaller sooner reward over larger-later.
In one sentence:
Choosing Instant Gratification
A tendency for people to increasingly choose smaller sooner reward over larger-later.
In one sentence:
Choosing Instant Gratification
2) Social Proof
A tendency to think and act as others around us think and act.
This is the main reason for people to end up in poverty.
You see your neighbor buy a car, you also buy it.
You see a person buying a branded dress and you buy it too which ultimately led to more debt
A tendency to think and act as others around us think and act.
This is the main reason for people to end up in poverty.
You see your neighbor buy a car, you also buy it.
You see a person buying a branded dress and you buy it too which ultimately led to more debt
3) Rat race
It isn't about 9-5 jobs but it is about living on an edge doing things for a paycheck or the next materialist thing keeping our own desires in the background.
It isn't about 9-5 jobs but it is about living on an edge doing things for a paycheck or the next materialist thing keeping our own desires in the background.
4) Become aware of your relationship with money
Think of all the money that has entered into your life and gone.
Are you really rich or you are trying to look rich?
Is your money come in an hour and got out from your pocket instantly?
Think of all the money that has entered into your life and gone.
Are you really rich or you are trying to look rich?
Is your money come in an hour and got out from your pocket instantly?
5) Take control over your behavior as a consumer
Production means nothing if you have a problem with consumption.
Income=Production-Consumption
Consuming things is not bad but consuming thing you don't need is bad.
Money=Production*Scale
Control your spendings
Production means nothing if you have a problem with consumption.
Income=Production-Consumption
Consuming things is not bad but consuming thing you don't need is bad.
Money=Production*Scale
Control your spendings
6) Keep an Emergency Fund
If you have been fired from your job right now, do you have the money to survive for 4 months?
If your answer is no
You need to do something because we are living in a world where nothing is predictable.
If you have been fired from your job right now, do you have the money to survive for 4 months?
If your answer is no
You need to do something because we are living in a world where nothing is predictable.
7) Mindset about money
Our perspective of money is more crucial than the ability to generate it.
Money making has become easy nowadays but it is always hard to end up having a ton of it.
Do you care about appearing as though you have money or actually having money?
Our perspective of money is more crucial than the ability to generate it.
Money making has become easy nowadays but it is always hard to end up having a ton of it.
Do you care about appearing as though you have money or actually having money?
8) Invest in assets
Do you want to have a liability with you?
Your house,car is nothing but a liability because as soon as you drive the car out of the shop it values decreases.
Invest in things that bring cashflow to your account.
Invest in
Books
Socks
Courses
Knowledge
Do you want to have a liability with you?
Your house,car is nothing but a liability because as soon as you drive the car out of the shop it values decreases.
Invest in things that bring cashflow to your account.
Invest in
Books
Socks
Courses
Knowledge
9) Time>Money
Know that money once gone can return but time once gone can never return in any way.
Make full use of your time.
Spend your time on:
Learning
Creating
Planning
Know that money once gone can return but time once gone can never return in any way.
Make full use of your time.
Spend your time on:
Learning
Creating
Planning
Summary:
Time>Money
Your perspective of money matter more
Invest In Assets
Become rich in real
Consume less
Become Aware
Save Money
Time>MoneyYour perspective of money matter moreInvest In AssetsBecome rich in realConsume lessBecome AwareSave Money
If you are looking to make money online, affiliate marketing is the easiest way.
Get yourself a free guide and start making money:
1)Do's of affiliate marketing
2)Sales Killer
3)Persuasion method
4)Other Bonus https://gum.co/thegrowingmoney
Get yourself a free guide and start making money:
1)Do's of affiliate marketing
2)Sales Killer
3)Persuasion method
4)Other Bonus https://gum.co/thegrowingmoney
