Money Mindset

Having a money/wealth mindset is the key to building long-term wealth.

3
 min read

Having the correct mindset when dealing with finances is critical to your success. Listen and follow closely to what the wealthiest people have done or are currently doing. Stop taking advice from people that are not in the situation that you'd like to be in.

If you listen to people with multi-million dollar net worth or even billion dollar net worth, you'll likely learn a few pointers you can apply to your own life.

Money Mindset

The wealthiest people in the world all understand the way money is earned and taxed.

Your earned income is taxed at the highest tax bracket possible, while investments like stocks and real estate are taxed at the lowest. Real estate has the most tax benefits by far.

Have you ever wondered why business owners lease vehicles? Do you know some people even lease their houses? The entrepreneur Dan Bilzerian purchased a $250M  house through his business, then leased it to himself. This trick will save him a ton of money when it comes time to pay Uncle Sam.

Do you ever wonder why massive corporations like APPLE who have $207 Billion dollars get loans? Its not because they can't afford to pay for what they are buying, it's to keep their own money safe.

The wealthiest people in the world always leverage other peoples money (OPM) to create new income streams or positive cash flow.

They always keep their own personal money safe! This is exactly why we encourage acquiring business credit. You can use OPM to create more income streams just like the wealthy do. The more income streams you have, the more money you will be able to invest in SWPPX to grow your net worth.

"Rule No. 1: Never lose money. Rule No. 2: Don’t forget rule No. 1"

-Warren Buffett