These financial tips will CHANGE how you look at MONEY
789.5 هزار بار بازدید -
10 ماه پیش
-
This week I want to
This week I want to talk to you about something that’s near and dear to everyone’s heart.
MONEY.
I can’t give you specific advice or a great stock tip, but I can talk to you about some FINANCIAL SECURITY PRINCIPLES I’ve used over the years to build a significant amount of wealth.
Let’s start with some basics…
First, you must create a SAVER’S MINDSET.
LOCK THIS IN.
If you can’t save money when you don’t have much, you won’t save money when you have a lot of it. Saving money is a HABIT. So, the The very first thing you must decide is if you are A SAVER OR A SPENDER?
Part of this includes AUDITING how you spend your money. Do you know how much you spend on Starbucks, Amazon, DoorDash, streaming services, and other discretionary things each month?
Next, what is your attitude toward DEBT?
The cost to borrow money on a depreciating asset is EXPENSIVE. It can make sense to LEVERAGE MONEY on an appreciating asset, but you’ve also got to pay really close attention to how much and how often you do that as well.
Also ask yourself HOW LONG COULD YOU SURVIVE if all your income immediately stopped? Six months? Six years? At some point, you won’t work anymore, and NOW is when you make plans for when that happens, because at some point that will be a reality for all of us.
The BOTTOM LINE on your bottom line is this.
YOU DON’T BECOME WEALTHY BY MISTAKE.
You become wealthy through the right habits COMPOUNDED over time.
Become disciplined and zealous about how you handle your DOLLARS AND CENTS.
It’s the only thing that makes SENSE if you want to become wealthy over time.
----
Thank you for watching this video—Please Share it and get the word out!
What part of this video resonated with you the most? Comment below!
👇 SUBSCRIBE TO ED'S YOUTUBE CHANNEL NOW 👇
@edmylettshow
----
→ → → CONNECT WITH ED MYLETT ON SOCIAL MEDIA: ← ← ←
→ → → CONNECT WITH ED MYLETT ON SOCIAL MEDIA: ← ← ←
▶︎ YOUTUBE | edmylett
▶︎ INSTAGRAM | Instagram: edmylett
▶︎ FACEBOOK | Facebook: EdMylettFanPage
▶︎ LINKEDIN | LinkedIn: Edmylett
▶︎ TWITTER | Twitter: edmylett
▶︎ WEBSITE | https://www.EdMylett.com
00:00 Intro, Save and Accumulate Money
04:30 Savers and Spenders
07:16 Two Spenders in a Relationship Is Toxic
08:35 Bills That Add Up
10:11 Tithing Comes First
11:01 Not in a Recession
12:49 Stop Using Debt in Depreciating Assets
15:45 Cash is Still King
21:53 Financially Under Control
25:04 More Income Means More Spending
26:03 Create More Financial Peace
----
#EdMylett #Motivation
MONEY.
I can’t give you specific advice or a great stock tip, but I can talk to you about some FINANCIAL SECURITY PRINCIPLES I’ve used over the years to build a significant amount of wealth.
Let’s start with some basics…
First, you must create a SAVER’S MINDSET.
LOCK THIS IN.
If you can’t save money when you don’t have much, you won’t save money when you have a lot of it. Saving money is a HABIT. So, the The very first thing you must decide is if you are A SAVER OR A SPENDER?
Part of this includes AUDITING how you spend your money. Do you know how much you spend on Starbucks, Amazon, DoorDash, streaming services, and other discretionary things each month?
Next, what is your attitude toward DEBT?
The cost to borrow money on a depreciating asset is EXPENSIVE. It can make sense to LEVERAGE MONEY on an appreciating asset, but you’ve also got to pay really close attention to how much and how often you do that as well.
Also ask yourself HOW LONG COULD YOU SURVIVE if all your income immediately stopped? Six months? Six years? At some point, you won’t work anymore, and NOW is when you make plans for when that happens, because at some point that will be a reality for all of us.
The BOTTOM LINE on your bottom line is this.
YOU DON’T BECOME WEALTHY BY MISTAKE.
You become wealthy through the right habits COMPOUNDED over time.
Become disciplined and zealous about how you handle your DOLLARS AND CENTS.
It’s the only thing that makes SENSE if you want to become wealthy over time.
----
Thank you for watching this video—Please Share it and get the word out!
What part of this video resonated with you the most? Comment below!
👇 SUBSCRIBE TO ED'S YOUTUBE CHANNEL NOW 👇
@edmylettshow
----
→ → → CONNECT WITH ED MYLETT ON SOCIAL MEDIA: ← ← ←
→ → → CONNECT WITH ED MYLETT ON SOCIAL MEDIA: ← ← ←
▶︎ YOUTUBE | edmylett
▶︎ INSTAGRAM | Instagram: edmylett
▶︎ FACEBOOK | Facebook: EdMylettFanPage
▶︎ LINKEDIN | LinkedIn: Edmylett
▶︎ TWITTER | Twitter: edmylett
▶︎ WEBSITE | https://www.EdMylett.com
00:00 Intro, Save and Accumulate Money
04:30 Savers and Spenders
07:16 Two Spenders in a Relationship Is Toxic
08:35 Bills That Add Up
10:11 Tithing Comes First
11:01 Not in a Recession
12:49 Stop Using Debt in Depreciating Assets
15:45 Cash is Still King
21:53 Financially Under Control
25:04 More Income Means More Spending
26:03 Create More Financial Peace
----
#EdMylett #Motivation
10 ماه پیش
در تاریخ 1402/06/23 منتشر شده
است.
789,539
بـار بازدید شده