Invest from 18, Retire By 30 - How to Achieve Financial Freedom
Автор: Eman Dalio
Загружено: 2020-02-19
Просмотров: 149
If you don't figure out the key to making money work for you, you will work for money for the rest of your life. The social norm is to go to school, get a degree, and work hard for forty years and retire in your sixties (or even seventies) which is far too late. The social norm also says to reward yourself by spending lavishly without even thinking of how that money can help in retirement.
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It's quite easy to get started. It's not a get-rich-quick process. That isn't real unless you're really lucky. Just start investing - invest in stocks, bonds, ETFs, mutual funds, commodities, futures, real estate, a business. Use your Louis Vuitton handbag money and invest it in something that will multiply your money.
Stop keeping up with the Joneses. Take a page out of the books of the greatest millionaires and billionaires. Their net worths are more than 99% of the population yet they practice frugality on a daily basis, much more than a lot of people. I'm not saying don't reward yourself, even they do the same on occasion. Just identify what are wants and what are needs and try to cut down on wants that are just too expensive and have no long-term worth.
Another thing the most successful people throughout history have in common is their cash flow. You need at least 2 streams of income if you want to achieve financial freedom much sooner. A single full-time job isn't going to cut it. Keep working in a job you absolutely love going to every day and invest a percentage of your paycheck consistently in the assets I mentioned.
Not a financial adviser by the way.
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