User
Write something
Book Club is happening in 3 days
Pinned
5 rules rich people live by
*borrowed from Ramit Sethi 🚀Rule #1: Do an X-Ray on your finances Rich people who are savvy with money know exactly where their money is going.But let’s be clear: I’m not talking about obsessively tracking broccoli prices. That’s a classic $3 question. If you’re still fussing about the price of broccoli, you’re missing the bigger game — by a mile. Here are 7 questions you should be able to answer right now: - How much money do I make? - How much money do I owe and when will it be paid off? - What percent of my income am I saving? - What percent of my income am I investing? - What percent of my income am I paying for housing? - What are the things I want to spend MORE on and LESS on? - What are my invisible scripts or deeply held beliefs about money? Rich people who are savvy with money can tell you how much they'll have next month, next year, and even 5 years from now. 🚀Rule #2: Make systems for everything Let me make this crystal clear: You. Need. Systems.I've helped millions of people improve their finances and this is what I've learned: They build airtight systems that handle their money automatically: - Automatic savings - Automatic investments - Automatic bill pay 🚀Rule #3: Plan before you need to plan Most people spend hours clipping coupons or mustering every ounce of willpower to resist buying a $5 latte.Congratulations — you saved five bucks!Now, what happens if you lose your job tomorrow and have zero emergency savings?Or you skip 100 coffees and save $500... but never actually invest it? 🚀Rule #4: Follow the 80/20 principle Most people waste YEARS stressing about tiny decisions — like, "Should I skip my $3 latte? Should I reuse my sandwich bags?" — and totally miss the big picture. Rich people don't play this game. They live by the 80/20 principle: 80% of your results come from 20% of your effort. Translation: Stop worrying about the $3 decisions and focus on the $30,000 decisions instead.Sure, saving $3 here and there might add up... theoretically. But I’ll be honest, brewing coffee at home and leaving that cash sitting in your checking account won’t make you wealthy.Instead, think bigger:
5 rules rich people live by
Profit First....
I did this today.... 2x monthly allocate $% to the different funds(accounts) to invest earn towards your goals ... It took me 12 min. And it feels so good to see my money 💰 🤑 in the right places working for me.... What is one action you will take towards your expat &/or investing goals this week?
0
0
Profit First....
How do you know what life you are working towards...?
I found this property listing... and it spoke to me. How do you know what you are working towards, saving for, what life you are building...? are you chasing a moving target, someone else's dream... or are you working towards, building a life that suits you, where YOU THRIVE? just a saturday musing. open to replies.
2
0
How do you know what life you are working towards...?
YOUR Rich Life-
Some of my basic money education started here. Netflix series... and then the books... from Ramit Sethi. I liked this easy access point... and recently re-binged the series... to get my money mindset & practices back on track. Have you watched this ... or read any of his books? I found the book helpful & the journal invaluable.
3
0
1-25 of 25
powered by
The Expat Investor Club
skool.com/expat-investor-7741
A community for folks who want to become 🌍 expats and investors.💰
Build your own community
Bring people together around your passion and get paid.
Powered by