WEALTH - How to increase chances of building Wealth?
quantumthinker.substack.com
5 ideas
·2.44K reads
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Get Out Of COMFORT ZONE
Get of your comfort zone and start taking action! Money is attracted to speed and execution.
So, stop reading blogs, books, articles on making money.
Stop watching YouTube videos.
Stop listening to "success podcasts".
They're all designed to make you a consumer and buy their products and you don't even notice it.
“There’s a profound difference between interest and commitment. Interest reads a book; commitment applies the book 50 times.” - M.J. DeMarco
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528 reads
Persuade
Start building your own success, by learning persuasion. The money and success you want, is currently in the hands of other people. The only way to get it, is to PERSUADE them to part with their money in exchange for something that THEY want.
“If millions seek you, you will be paid millions.” - M.J. DeMarco
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524 reads
Learn By Doing
Like with everything in life, you get better by Doing the thing, instead of reading, theorizing and consuming content about it...Do it.
“You don't learn to walk by following Rules. You learn by doing, and by falling over.” - Richard Branson
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481 reads
Communication
Don’t make things more complicated than it has to be. Practice persuasion every day as in I said in 3.
- If you want to persuade in writing...write.
- If you want to be persuasive in person...talk to other people.
It all comes down to getting emotional leverage.
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481 reads
Spend Less Than You Earn
If you have zero savings right now, concentrate on building up an emergency fund in a savings account, perhaps by setting aside 10% of each paycheck. Go to our Solutions Center to find a savings account paying a great rate. Then, once your rainy-day fund is full, put that 10% you haven’t been spending into a dedicated fund.
“Do not save what is left after spending, but spend what is left after savings.” - Warren Buffett
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434 reads
CURATED BY
CURATOR'S NOTE
How to increase wealth in the era of Recession
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