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The Diary Of A CEO with Steven Bartlett
Moment 173: The SIMPLE Way People Make MONEY Without Working Harder!: The Money Making Expert
Aug 2, 2024
Daniel Priestley, an award-winning serial entrepreneur, shares his savvy insights on building wealth. He emphasizes creating a diverse asset portfolio, including personal brands and company culture, to naturally generate income. Personal development is key, so he advises investing in courses and nurturing relationships. Hosting dinner parties or meeting mentors can open new income opportunities. Networking should be meaningful, with genuine effort leading to impactful connections, showcasing why resilience is crucial in business.
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Quick takeaways
- Building a diverse portfolio of assets, such as personal brands and company culture, is crucial for increasing income potential.
- Investing in personal relationships and networking events is vital, as meaningful connections can open doors to future financial opportunities.
Deep dives
The Importance of Asset Accumulation
Increasing income is closely tied to the accumulation of assets, as more assets typically lead to higher earnings. To achieve financial freedom, individuals should focus on building various assets, such as real estate for rental income or stocks for dividends. Developing digital assets, improving personal skills, and cultivating company culture are also considered vital for generating income in today’s economy. Investing in oneself by acquiring new skills, particularly in areas like negotiation and sales, can provide significant returns in terms of increased earning potential.
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