1. Reasons for wanting to be rich
- Don’t Wants – I don’t want to work, I don’t like being an employee
- Wants – Wants to be free to travel, be free, do stuff while young, I want money to work for me
*Must have a strong reason, or you want stick to it
2. Make Decisions Daily
- The Power to choose to be rich, poor, or middle class
- Most people choose not be rich, your mindset is a reflection of your spending habits
No money is no excuse to not learn or get educated.
We all have choices, and you have to make that choice every day
3. Choose friends carefully
- Does not mean to choose friends based on money
- choose friends who can teach you something, what to do, what not to do
4. Master a formula and then learn a new one
- Baker’s learn how to make different kind of breads with the same dough
- Money is often called dough
- Work for money is one formula
- learn new formula’s after mastering one
- you must master a formula
5. Pay Yourself First
- Power of Self-Discipline, you need to control yourself
- no sense to invest, make money, and then blow the money
- lack of discipline of people who get a raise, then blow it
- most difficult step to master
- lack of self-discipline means you should not try to get rich
6. Pay your brokers well
7. Be an Indian Giver (give and get back)
- Power to get something by nothing
- Sophisticated investors want a return of investment
8. Assets buy luxuries
- income from assets are used to buy luxuries
- borrowing money to get what you want is a bad habit
- focus on acquiring assets to buy what you want
- if money is smarter than you, then it will consume you
9. Need for Heros
- the most powerful way to learn is to have heroes
- Heroes inspire us
- They make it look easy
10. Teach and Will Recieve
- Charitable, to give time, energy, and money
- most people only give time and energy, never money
- when he was short of money, you still give
- when you feel short or in need, just give what you can, and you will receive
- poor people are more greedy than rich people, rich people are rich because they give something
