Bedros Keuilian Podcast Show 100. 7 Money Lessons that I wish I knew 20 years ago
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Aug 27, 2024 Celebrating a significant milestone, the discussion reflects on gratitude and the core principles of money, meaning, and self-mastery. Key financial lessons unveil the fluid nature of money and the necessity of multiple income streams. Investing and making wise choices are prioritized over merely saving. Insights reveal how a supportive partner can boost financial success, while toxic relationships hinder prosperity. The episode emphasizes using wealth for charitable endeavors, fostering a positive mindset, and the long-term impact of relationships on financial well-being.
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Money Always In Motion
- Always remember that money is in constant motion due to inflation, taxes, and rising costs.
- Develop multiple income streams to maintain financial freedom and security over time.
Delay Gratification For Wealth
- Delay gratification and control impulses to grow wealth rather than spending increases in income on luxuries.
- Reinvest earnings into your business for faster growth and long-term wealth building.
Mastery Before Diversification
- Master one industry or product before diversifying to build authority and competitive advantage.
- Diversification should come only after establishing mastery and dominance in your primary business.