Wealth Strategies: Lesson 1
Wealth is not just having a lot of money, its about having a supply of a lot of money.
1. Earlier is better
2. Never underestimate the power of compounding
3. Give yourself more time
4. Generate worth with your product
Multiple income streams are ideal, but you should be able to help people with your product/service.
Take your talents and skills to give value to other people, as people give as much value as they can take from something.
6
57 reads
The idea is part of this collection:
Learn more about moneyandinvestments with this collection
Understanding the basics of blockchain technology
The benefits and challenges of using blockchain
The future of blockchain technology
Related collections
Similar ideas to Wealth Strategies: Lesson 1
Wealth In Terms Of Owning Things
Housing should be no more than 30% of your income. Warren Buffett's house is worth .001% of his total wealth.
The possession of things differentiates the rich from the wealthy. Wealthy people don't flaunt their money; they save and invest it.
Self-Investing
Take care of yourself in the long run with these compounding activities:
- Learning how to make something of value to others.
- Learning a skill that makes you stand out of the crowd.
- Reading books about distinct topics that are relevant to your career and personal grow...
Four Steps To Building Wealth
- Donāt Be a Consumerist: keep your expenses as low as possible without sacrificing the quality of life. Spend money on things that yield lasting benefits.
- Have An Emergency Fund: this gives you freedom and peace of mind to deal with issues without having to upset your lo...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
ā
100+ Learning Journeys
ā
Access to 200,000+ ideas
ā
Access to the mobile app
ā
Unlimited idea saving
ā
ā
Unlimited history
ā
ā
Unlimited listening to ideas
ā
ā
Downloading & offline access
ā
ā
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates