Personal Finance 11 - Creating Wealth

Daily Meeting - Personal Finance 11: Creating WealthVisit Mexit News: https://mexitverse.com/The Fifth Law of GoldGold feels the man who would force it to impossible earning or who followers the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment.Nice people who are smart are the worst people with moneyStay away from get rich quick schemesYou win when you buy and when you sellFind an intelligent vehicle for your $1,000/monthEvery investment on the planet has extra expenses.If you take money out, it’s coming out with a fee.Make sure the fees are reasonable when investing.Do it anywayYou’ve never created wealth from something that didn’t cost too muchOnce you get your money, your job is to move the money.If you don’t move the money, you’ll lose the money.Have a bigger plan in sightKnow how much the plan costGo do the research and find out how much it costs to put down (assume 20%)Ex: Want to use $1,000/month to get a 10 unit apartment complexThe cost to put down is $35,000It’s going to take 40 months to get the 10-unit apartment complexIf you have $25,000, put that $25,000 into a vehicle that will yield you money, then take that money along with the $25,000 you already have, use $35,000 of it and buy your 10 unit apartment complex. Then take the remaining $15,000 and put it back into the vehicle to yield more money.https://news.yahoo.com/homeowners-home-equity-200843204.html#:~:text=Tappable%20home%20equity%20jumped%20by,trillion%20growth%20set%20in%202020 Money is useless if it’s not movingKnow how long it’s going to take for your money mature to where you want it to go3 Steps to Create Wealth — Grant Cardonehttps://www.youtube.com/watch?v=8bS_KCVWTI0 You’ve got to make a decision what you want to do with your wealthSet a money goalGo out and earn moneyThere’s no shortage of success on planet earthFind out how to get moneyIt’s about peopleWho can help you solve your howWho’s got your moneyFigure out how to keep the money once you get it People who pay pay attentionFigure out the IRS gameMake investments rather that spending moneyFigure out how to make investments to multiply your wealthA social construct is an invisible world with invisible rules in an invisible government, and you are its #1 evangelist as well as its #1 prisoner.The only way to tear down a social construct is to introduce new informationClosing ThoughtsYou do not serve a God to where you learn something until Sept. 30th and not changeAntonio is in the process of doing 11 certifications in AI, Machine Learning, and Data Science. He then is going to take that information and apply it to the video games he’s creating.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy