Listen to the Episode Here (08:44)
Quote of the Day
If you really gave a damn you’d do it…Larry Winget
This goes back to belief and the power it has on your actions…
10 Money Tips from Bill Gates
Set a Clear Goal
-all financial decisions should come from a clear goal
Make the Most of What you’re Given
-we all have problems but solutions come from making the most of what you have not focusing on not haves
Persevere
-success doesn’t come easy and no one can make millions overnight. Willpower is required…Budgets
Don’t Turn Away From Challenges
-don’t let the financial pressures get you down or turn away from your situation…lots of ideas to get you back on track with finances…job, hustle, cut expenses.
Learn from Losses, Not Successes
-“success is a lousy teacher. It seduces smart people into thinking they can’t lose.”
-eliminate your cycles
Follow Your Passion
-your passion might not make you rich initially, but will inspire you to become ambitious until you will be successful…find the niche you need to motivate self.
Keep Things Simple
-Warren Buffet tells Gates keep things simple
-start with a second account for savings
Listen to Good Advice
-I am Committed to Life Long Learning #9
-be educated about money…
Gather, Manage, and Use Information to Your Advantage
-research big ticket items first, credit cards, etc.
Have a Strong Strategy
-this involves a plan with actionable items
I truly believe that we should all go into 2021 with a Plan, and I recommend you sit down now and draw it out. Start with goals and break it back down into actionable items. The plan can change but please spend the time and have “A Plan”.
