If you wear Gucci, drive a Benz, or own a Rolex but don't have a rental property or an investment portfolio, you're hustling backward.
You're "product rich", not actually rich.
Use your 9-5 income to buy assets.
Eventually, the assets will pay you, cover your bills, and wonโt require you to go to work everyday.
This is how to set yourself free.
It's funny...
When you have $70,000 in the bank, but drive a $3,000 car - everyone thinks you're broke.
But when you have $3,000 in the bank, but finance a $70,000 car - everyone thinks you're rich.
Start a business $1,000 - too much
Buy a new iPhone $1,000 - no problem
Healthy groceries: $150 - too much
Dinner & dessert: $150 - no problem
Learn a new skill: 2 hours - no time
Watch Netflix 2 hours - no problem
If youโre broke, cancel Netflix. Itโll give you the best ROI.
Not because it'll save you $15/mo.
But because you can spend your Netflix time increasing your financial education.
Ten years from now, people are going to look back at these few years of economic slowdown and wish they seized the opportunity.
Others will get wealthy.
Which will you be?
Ten years from now, some people will become incredibly wealthy from this economic slowdown.
Others will wish they started a decade ago.
Don't be the latter.
You're never going to see any success if you don't take risks with your time and money.
Losing money is a part of the process.
It's your real life tuition.
Follow the rule of 5 for stock market investing.
For every $5 you spend at a company, invest $1 into the company.
If you want a $1,000 iPhone, put $200 towards buying Apple stock.
Don't make a company richer without making yourself richer.
If you get paid $20/hour, and that Gucci bag you just bought is $3,000, youโre not only out $3K, but you also just gave away 150 hours of your life.
Put a price on your time. Itโs your most valuable asset.
If you want a happy and fulfilled life, you need to be physcially, mentally, spiritually, and financially fit.
More money will fix your financial problems only.
Banks profit when you're in debt.
Corporations profit when you spend.
Governments profit when you're an employee.
You profit when you're financially educated.
Donโt let social media convince you that youโre behind schedule.
Everyone finds success at different times in different ways.
The only person you should be competing with is yourself.
Want to change the way you spend your money?
Start tracking your monthly income and expenses, then compare the two.
This is the biggest wakeup call you'll ever need.
It's hard to focus on your own growth when you obsess over what other people are doing on IG.
Sometimes you have to cut the noise, put your head down, and remember that you're making progress at your own pace.
The goal is not to live small for the rest of your life. The goal is for you to live bigger when you can afford it.
In order to do that later, you need to make some sacrifices now.
My goal is to teach financial education, not to tell you what to do.
Our goals & risk tolerance aren't going to be the same, but the financial education is.
Do your own research, set your own goals, and create your own success.
3 Banks (Chase, Bank of America, and Wells Fargo) made $2.2 BILLION from overdraft fees in 2023.
That's $2.2 billion in fines because you spent money you didn't have.
Get smart with your money. Stop giving it away.
The "secret" to becoming financially free: Use your 9-5 paycheck to buy assets that pay you more income.
Eventually, your assets will cover your expenses.
What works for someone else may not work for you.
We all have different goals, incomes, and work ethics.
Focus on yourself and create an investing system that works for you.
You shouldnโt have a Gucci belt if you donโt have that same amount of money in the market.
You shouldnโt own a BMW if you donโt own an investment portfolio.
People would rather look rich than actually be rich.
Everyday that you save your money in the bank, you are becoming poorer.
Wealthy people only save their money for emergencies, investments, or big purchases.
They don't save their money just to save it.
Most people want to see you succeed...as long as it's less than them.
Surround yourself with people that want to actually see you win.
No drama, no toxicity
Wealthy people save their money for three reasons: A future emergency, a future investment, or a future purchase.
If it doesn't fall under one of those categories, you shouldn't be saving your money.
If you can't manage $1,000, you won't be able to manage $100,000.
More money won't make you better with money. Get educated now so you can be prepared later.
It's funny...
When you have $70,000 in the bank, but drive a $3,000 car - everyone thinks you're broke.
But when you have $3,000 in the bank, but finance a $70,000 car - everyone thinks you're rich.
If you really want to build wealth, you only need to do two things:
1. Live below your means.
2. Invest the difference.
It doesnโt have to be complicated.