Today, I’m sharing these 13 money habits that will make you wealthy. These are things I have learned over my last 30 years in financial services – from the wealthiest of my clients and people that have built their wealth from nothing and have now achieved financial freedom.
This episode is the first part of our two-part series. And if you have kids in their 20s or 30s, or starting out in their job, or you just want them to master money, pay attention to this list, write it down, check it out, and let’s create a plan for it!
This is the blueprint to get wealthy. Money is one of the number one things that people say leads to divorce and the demise of their marriages. It affects all of us. We have to have money to live and so we have to master it. The quicker you master it and the younger you master it, the better off you’re going to be.
Now, if all your money goes into expenditures, and none of it is going back into building wealth, then you better reconsider your priorities. Otherwise, you will continue to work for that person, even if that person is you for the rest of your life – until you master money.
In this episode, you will hear:
- Creating a cash flow plan, aka, your budget
- Pay God first, pay yourself second
- Why keep an eye on your bottom line
- The three buckets to position your profits
- Setting specific financial goals
- Why you need to pay off your credit cards
- How to start your emergency fund
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The E Myth by Michael E. Gerber: https://www.amazon.com/Myth-Revisited-Small-Businesses-About/dp/0887307280
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