WEALTH - How to increase chances of building Wealth? - Deepstash
WEALTH - How to increase chances of building Wealth?

WEALTH - How to increase chances of building Wealth?

Curated from: quantumthinker.substack.com

Ideas, facts & insights covering these topics:

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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.

ā€œThereā€™s a profound difference between interest and commitment. Interest reads a book; commitment applies the book 50 times.ā€ - M.J. DeMarco

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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.

ā€œIf millions seek you, you will be paid millions.ā€ - M.J. DeMarco

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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.

ā€œYou don't learn to walk by following Rules. You learn by doing, and by falling over.ā€ - Richard Branson

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Communication

Donā€™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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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 havenā€™t been spending into a dedicated fund.

ā€œDo not save what is left after spending, but spend what is left after savings.ā€ - Warren Buffett

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IDEAS CURATED BY

alihasany

Read - Think - Simplify - Learn - Reflect

CURATOR'S NOTE

How to increase wealth in the era of Recession

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Ali Hasany's ideas are part of this journey:

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