10 Common Money Myths

That Could be Costing you $1,000's

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How to Build Wealth at Any Age

11 Wealth Building Strategies

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1. Diversify Your Income

The average millionaire builds 7 streams of income.

If you've ever heard of the saying "don't put your eggs in 1 basket," then you know that you shouldn't rely on just 1 job.

Start diversifying your income streams today.

2. Own Your Own Business

66% of millionaires own their own business.

There's a reason why so many millionaires choose entrepreneurship over employment: They are their own boss.

Live your life without limits and build a lasting empire today.

3. Build Your Network

A degree is good but your network is better.

One of the greatest indicators of your future success is determined by the people who know you and trust you.

Build and maintain meaningful relationships as early as possible.

Your network is your net worth.

4. Read More

85% of millionaires read books for 30 minutes or more daily.

Books give you a chance to learn from and think like the greatest minds that have walked this earth.

If you want to succeed, you have to read.

11 Critical Lessons from Jeff Bezos

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1. It's OK to Fail

Bezos helped develop the Fire Phone, one of Amazon's worst failures.

And yet, the Fire Phone led to one of Amazon's biggest successes: Alexa.

“If you want to be inventive, you have to be willing to fail.” @JeffBezos

2. Be Uncomfortable

Before founding Amazon, Bezos worked on Wall Street.

Yet, he left his comfort zone to start an online business.

In 1994, building an online business was incredibly risky.

"One of the only ways to get out of a tight box is to invent your way out" @jeffbezos

3. Your Actions Define You

You are born with strengths and weaknesses.

What you do is what ultimately defines who you are.

It is not your ability that defines you, but your actions and choices.

"It's not an experiment if you know it's going to work" @jeffbezos

4. Embrace Criticism

If someone you trust gives you feedback, decide if their criticism is right.

If yes, then change and stop resisting.

Candid feedback is your ticket to true growth.

"If you can't tolerate critics, don't do anything new or interesting" @JeffBezos

11 Hacks to Get Rich and Stay Rich

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1. Learn Daily

Learning shouldn't stop when you graduate from school.

Learn 1 new thing daily.

Perfect your skills until you are an expert.

Never lose your childlike curiosity to learn.

2. Embrace Failure

Failure and success are not opposites. They are 2 parts of a whole.

Why failure is necessary:

- Value
- Growth
- Resilience
- Experience
- Knowledge

Failure simply is a stepping stone for success.

3. Control Your Emotions

81% of millionaires have made it a habit to control their emotions, thoughts, and words.

Emotions can lead you to make terrible decisions - be it financial, professional, or personal.

Control your emotions before they control you.

4. Build Rich Relationships

The No. 1 success predictor is the quality of your network.

You are the average of the 5 people you surround yourself with.

To become a winner, you must first surround yourself with winners.

How to Build Wealth

10-Step Formula to Riches

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1. Live like an Undercover Millionaire

Income ≠ Wealth

How to live like an undercover millionaire:

- Spend less than you earn
- Avoid buying fancy clothes
- Avoid buying new & fancy cars

To feel rich, count the things in your life that money can't buy.

2. Always Look Ahead

To build a strong financial future, break down your goals into 3 categories:

- Short term goals (1 to 5 years)
- Mid term goals (5 to 10 years)
- Long term goals (10+ years)

Understand your goals and build a plan of action.

Make your goals a reality.

3. Become the Household CFO

Assign a purpose to every dollar.

How the wealthy budget:

- 529 plans
- Business accounts
- Retirement accounts
- Emergency savings fund
- Joint / Individual accounts

Want to budget stress free?

Automate the process.

4. Pay Yourself First

You might catch the famous Warren Buffet mentioning this phrase during his investment talks.

This means:

- You save/invest
- You pay your bills
- You spend the money that’s leftover

Save and invest first, before you spend money.

It's that easy.

7 Books that Changed My Life:

- Winning
- Atomic Habits
- The Behavior Gap
- The Millionaire Mind
- How to Become a Rainmaker
- The Subtle Art of Not Giving a F*ck
- Mindset: The New Psychology of Success

What books changed your life?

If you wanna level up - the fastest hack is to hangout with people who are ALREADY at that level.

The beauty of twitter is that you can hang with anyone.

The problem is ppl follow the wrong accounts. It's noisy as f*ck.

Here's 27 people you should follow (and why)👇

If you hang with smart, interesting, successful people - you will start to think & talk that way too.

We are monkeys that copy what we see. You can fight it, or use that to your advantage by surrounding yourself with people who you want to become more like.

Group 1: Smart, Rich, & Don't Give a F*ck (no filter)

@chamath - was early FB, has big balls, bet early on Bitcoin & SPACs

@rabois - kind of a dick but he's clearly smart

@balajis - this guy is from the future, and has come back in time to tell us what's going to happen

BTW - I'm recommending people who are:

* smart
* say interesting things
* successful (not just talkers)

Plenty of people are 2 of 3.

You need ALL 3 to make the list

Group 2: Business Buyers - they see the $$$s of 100s of businesses a year.

@awilkinson - built a $200M+ empire of internet businesses

@BrentBeshore - same as^, but non internet (unsexy) biz (eg. swimming pool repair, port-a-potty rentals)

@XavierHelgesen - he does both

"I grew up in Finland.

a) it rains all year round.

b) we have a lengthy and cold winter.

c) Finland is a sparsely populated country with just over 5mil ppl, with land size ~3/4 of CA and most of it forests and lakes.

d) no friggin body is raking the forests." @mallahadley

. . .

Trump's "assertion that California’s forest management policies are to blame for catastrophic wildfire is dangerously wrong."

Trump's message attacking California is "ill-informed, ill-timed and demeaning to those who are suffering as well as the men and women on the front lines."

"Wildfires are sparked & spread not only in forested areas but in populated areas and open fields fueled by parched vegetation, high winds, low humidity and geography. Moreover, nearly 60 percent of California forests are under federal management ...

Stick with me for a story about how the logic of lockdowns can turn into something really sinister.

It begins with a Golden Retriever named Neesha

Neesha and her little pup sibling Harley were lost on an hike, taking in the outdoor air in the Wicklow Mountains.

If you've never been to Ireland, you should understand that these are 1) right near the city where most of the country lives and 2) the most beautiful thing you've ever seen

The dogs had bolted, and the owners had only ben able to find Harley. They thought Neesha was dead. But miraculously, two doctors on a hike in Wicklow found Neesha almost two full weeks later

She lost a third of her body weight, but now she is at home, snuggled up and warm with her family.

Three years ago today, I was icing my knuckles because I’d beaten the fuck out of a man who had groped me in a club a couple of nights before. I wrote about it in my new essay https://t.co/SqzluTtJKb 📷 @rerutled #IBeatMyAssaulter

After I explained to a club manager what had happened, he ooked at my Beloved and asked me “Why didn’t you let your husband take care of it?” I almost beat him up too.

“First of all, he’s not my husband. Also, this is my body, I take care of it.”

Patriarchy enables and protects men who sexually assault women, and it demands that only other men “protect” us.

As long as we obey and behave in ways it approves of, of course. Protection is conditional.Because if we disobey, ha! I don't want to be protected. I want to be free

I started #IBeatMyAssaulter and women from around the world shared stories.

Five days earlier, I had started #MosqueMeToo to talk about being sexually assaulted during pilgrimage and women from around the world shared stories 🎥 @rerutled

And between the two #, men were showing me how easily the goal posts can move.

Under #MosqueMeToo men asked me, “Why didn’t you make more of a fuss?” Under #IBeatMyAssaulter men said, “You made too much of a fuss. You were too violent. Don’t you think you overreacted?”