The Language of Money
3 Money Lessons
- Start by properly defining money
- Money is a unit of time
- Most people trade time for dollars
- Therefore, you don't pay for things in dollars, but rather, the true cost of something is measured by the hours of your life
- Most people trade time for dollars
- Money is a unit of time
- Compound Interest
- The two most powerful words in money
- You either master compound interest, or you're a slave to compound interest
- Debt is a 4-letter word
- Credit is a game
- Play or be played
- Play or be played
- The two most powerful words in money
- There are only 3 ways to build wealth
- Entrepreneurship
- Investing
- Real Estate
- Each leverages money as a resource that can then generate more money independent of time
- Entrepreneurship
- Bonus: Your net work is your net worth
- You are the sum of the 5 people you spend the most time with
- The people around will either push you to grow or hold you back
- If you want to level up your life, you have to level up your circle
- You are the sum of the 5 people you spend the most time with