The School of Greatness 7 SECRETS To Start Building Long-Term WEALTH! EP 1194
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Nov 26, 2021 Discover seven transformative secrets to building long-term wealth! Learn the importance of paying yourself first and making your money work for you. Explore strategies to generate passive income and protect your finances from losses. Emphasize the significance of long-term investing and community support in achieving financial freedom. This engaging discussion offers actionable steps to shift your mindset around money and create scalable income streams for sustained growth.
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Pay Yourself First
- Pay yourself first by setting aside a percentage of your earnings for savings or investments.
- This prepares you for emergencies and builds long-term wealth, like putting on your oxygen mask first.
Control Your Expenses
- Create a budget and stick to it, regardless of your income.
- Track your spending and use budgeting tools or apps to manage expenses effectively.
Make Your Money Multiply
- Generate passive income through investments, even with limited funds, using stocks or index funds.
- Explore stocks, bonds, IRAs, and 401ks for long-term growth and compounding returns.
