7 MONEY RULES
1) PLANT TREES2) AFTER THAT, HOW MUCH CAN YOU SPEND?
3) MONEY Is A LIFELONG GAME.
4) DON'T Tell ANYONE YOU HAVEe MONEY.
5) THE BIGGEST TRANSFER OF WEALTH OCCURS DURING CRISES.
6) AS YOU GET YOUNGER, YOUR COSTS WILL GO UP.
7) WEALTH ACCUMULATES MORE TIME.
Who is the fastest self-made billionaire so far? It took Warren Buffett 55 years to join the billionaire list. Buffett is still on the list. And it looks like he won't go anywhere. Easy game of money No, it's tough, competitive and ruthless and if you don't know the rules you will fail. Many people work hard all their lives. But at the end of the journey they become poor because they do not know how to play Runs, so if you want to find yourself on the other side, you can master better principles. If you do not work on money rules. So you will be poor forever. You can't trade money all your life.
1) PLANT TREES
You need to plant trees. Which will make you money if you don't have it. It's not as easy as it sounds, do you know how hard it is to plant a tree, first you need to plant seeds Yes, but if your seed does not fit into the nutritious soil. So the seed is useless. The tree cannot grow on its own, you will need to water it and take care of it. And it certainly does not grow overnight Is. Some trees literally grow for 10-20 or 30 years. But once it gets bigger, it will continue to produce fruit with minimal effort. Assets too, once you build your business If you are or save enough money to make a good investment, it keeps generating income. Because at some point you will grow old, get sick and you will not be able to keep your job, so if you have one Making 500 million per hour.But if you don't invest You can be poor immediately.
2) AFTER THAT, HOW MUCH CAN YOU SPEND?
There is no limit to that, if you start investing. So you start spending what you have. In fact, when you start earning more, that's what happens. That's all there is to your expenses There are more. If you do not discipline yourself. So, you will not be able to save money for investment even though you earn one hundred rupees a month, there are countless ways you can do this Soo can spend money. So, instead of constantly pushing for more investment, discipline yourself to stick to a smaller budget. Don't get me wrong, with your hard earned money Enjoy, travel or do whatever you want, but stick to a budget that is less than your income. Because you have to get assets.
3) MONEY Is A LIFELONG GAME.
When you are serious about money and investing, when you start making it that way. So, you don't have to stick to a specific budget. And eventually you will retire and enjoy the fruits of your labor
In fact, if you stop managing it. Just because you bought the house, you won't get the tenant right away. If you don't care, it turns into a responsibility Can The idea where you create assets and do literally nothing is just nonsense. Even if you build a successful business, you will have competitors who try to take you down every day Will do So forget the idea of retiring one day, of course, you can take some of your duty automatically, reduce your working hours but usually, this game doesn't end until You are living
4) Don't Tell ANYONE YOU HAVEe MONEY
We like to tell you how much money we make. At the end of the day, in the age of capitalism, that explains your social status, at least that's what most people think, but the problem is that money a It's like a magnet, all of a sudden people will be nice to you, everyone will want a piece of it, of course, it will make you feel good and respectful but it will come at a price that is not worth it And if they can't get it well, they'll sue you and get it hard. That's the reality we live in. Don't tell anyone! Be polite, don't brag about it and keep working
5) THE BIGGEST TRANSFER OF WEALTH OCCURS DURING CRISES.
When the economy collapsed in 2008, the unemployment rate skyrocketed as companies could not pay their bills. Millions became unemployed, homeless and poor. However, some people started investing aggressively After the crisis, they became richer because the biggest transfer of wealth takes place in crises. If you are willing to understand the opportunity, you can succeed overnight. Remember Jay Walker, who spent less than a year The billionaire joined the club for a long time, although his wealth was not sustainable, he still managed to keep millions of dollars. Another example is Mark Cuban, he was even told, you were lucky to be a billionaire Because if it weren't for the 1998 financial crisis, he wouldn't be a billionaire, take advantage of it as he does. Understand how the system works, study past crises to understand who they are Let's start with why and when the next one occurs, we are ready on the achievable side
6) AS YOU GET YOUNGER, YOUR COSTS WILL GO UP.
Have you noticed that there is a way every year? On which you spend more and more? When you were a teenager, 50$ had a lot of money, now it barely pays your gas bill And as you get older, your expenses will only keep rising. This is the nature of our lives, especially if you start a family. Most people don't worry about the future because they have one today Making a lot of money, but when your expenses exceed the income. So you start complaining. So if you don't make sure your income is growing every year then you have a bad life Will stay And that's why you have to take the next rule very seriously
7) WEALTH ACCUMULATES MORE TIME.
Since you can't grow trees overnight, you can't grow wealth overnight. Remember, winning will be your investment first. That's just fine. With the power of blending, you can get rich for more than a hundred dollars. No wonder Word's biggest investor started investing at the age of 11, when you were 11. So what were you doing Here's an interesting thing, you only invested 1160$. You can make your grandson a billionaire, which is worth a new price. because in a hundred years, without a single extra investment, it will increase by more than a million dollars. Maybe you're alive by then Won't stay, but I'm sure your grandson will be grateful
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