The Martell Method w/ Dan Martell

9 Money Rules of the Top 1%

9 snips
Oct 15, 2024
Discover the controversial money rules that propelled one from poverty to multi-millionaire status. Learn the 'Set it and Forget' secret for wealth creation and strategies to live on just 10% of your income. Uncover why most struggle with 'lifestyle debt' and how adopting a business mindset can revolutionize personal finance. Explore the power of delegation in managing wealth and the importance of seeing money as a tool for growth, not just a goal.
Ask episode
AI Snips
Chapters
Books
Transcript
Episode notes
ADVICE

Act Your Wage

  • Automate your finances; set it and forget it.
  • Live off a small percentage of your income, even if you can afford more.
ADVICE

The 10% Rule

  • Aim to live on 10% of your income and reinvest the rest.
  • Start with a higher percentage and gradually reduce it as your income grows.
INSIGHT

Prioritize Investments

  • Broke people buy things, middle class get loans, and the wealthy invest.
  • Invest in income-generating assets instead of depreciating ones.
Get the Snipd Podcast app to discover more snips from this episode
Get the app