7 Highly Effective Habits of Making Money The first habit of EARNING MORE MONEY, is to BEGIN tracking your spending and INCOME right away.
By tracking the flow of money in your bank account, from PROFITS, EXPENSES, and INCOME to spot inefficiencies where you might be overspending without even realizing it, and getting an, ACCURATE count of how much money you spend each month. This will help you to better optimize your budget, save money in certain areas and have additional passive sources of income money left over that you can invest into Real Estate, BitCoin, Stocks, and Credit Cards with.
Second, you have to pay yourself first.
Paying Yourself first helps you prioritize the importance of your income, expenses, money, profits, and investments. It’s getting in the habit of you treating yourself, your investments, You have to treat your money and retirement as the number one bill you MUST pay every month. Which increases the chances that you’ll actually save that amount.
Third, be Avoid the habit of lifestyle inflation.
Lifestyle Inflation occurs when you start to make earn more money over time, and you start to treat yourself a little more. This happens when you receive a promotion at work and move into a bigger house. And then you start eating out at nicer restaurants. Over time, it adds up.
Fourth, WHEN you invest, you must have a long term outlook.
This is really a FINANCIAL BASICS to investing and making money, possibly millions of dollars. Market timing does not work. People, Having a long term financial strtegy when investing receive better tax advantages.
Fifth, step to earning more money is to Invest your time FIRST, AND MONEY second. It is better to invest your time into learning about something and trying it out firsthand to experience it before you invest money into it.
Sixth, to earn more money and increase your wealth, YOU need to work on a job that pays on results, NOT time.
WHEN you get paid by the hour, there will ALWAYS be a limit to how much money you can make. Getting paid on RESULTS has NO LIMIT. This can result in a VERY high income.
Seventh, IF you want to buy something and make a purchase, then make your investments pay for it.
By doing so you will NEVER run out of money. Find ways for everything that you want to buy to make its money back and pay for itself. Everything you do is now an investment.
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Books I Recommend:
The Millionaire Real Estate Agent
Your money or your life
The Millionaire Real Estate Investor
How to Win Friends and Influence People
Think and grow rich
Awaken the giant within:
The Book on Rental Property Investing
Rich Dad, Poor Dad
The Index Card (Why Personal Finance Doesn't Have to Be Complicated)
Retire Inspired
Early Retirement Extreme
Favorite Credit Cards:
The American Express Gold Card 40k/50k Point Offer
The Chase Sapphire Preferred Credit Card
The Chase Ink Preferred Business Credit Card
The AMEX Hilton Honors
Here are four FINANCE, FINANCIAL FREEDOM, REAL ESTATE, INVESTING, AND BUSINESS YouTube Channels I recommend:
Graham Stephan:
Nate O'Brien:
Meet Kevin:
Dan Lok:
The Graham Stephan Show
Watch some of these videos that speak about Earning More Money.
Graham Stephan video of "7 Highly Effective Habits of Making Money"
Nate O'Brien video of "The 7 Worst Investments That You Can Make"
Dan Lok video of "How To Protect Yourself From An Economic Crash"
Graham Stephan video of "Amazon Just Launched A New Credit Card…"
The Graham Stephan Show video of "99% fail these 6 money questions..."
#FinancialFreedom #FinancialIndepdendence #EarlyRetirement
#KevinDavid #HowToMakeMoneyOnline #PassiveIncome #Rich #DanLok #alux #StepByStep #Millionaire #Revenue #EconomicCrash #Economy #Income
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