The Truth About Getting Rich Flashcards

1
Q

If you’re going to be successful…

A

you need to develop a healthy relationship with money.

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2
Q

You can always spend less than you are spending right now

A

you can get the same access to fitness equipment for $200/mo or $9.99. Watch subscriptions. Do you really need and use them. Be careful about where you buy your groceries and how much you spend on food. The rich know that the first step to making more money is losing less. Fix your bucket before you start filling it up.

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3
Q

You are never too broke to save money and invest

A

Not saving or investing is dangerous. The rich save money every month, week, and day. Rich people also invest early. Take advantage of the wonder of compound interest.

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4
Q

You can always make a little more money

A

Even if you work full-time, after work there are hours that you could use to turn a hobby into a part-time income, you could outsource work through the internet, learn to sell things on ebay.

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5
Q

you can’t get rich quick and be wealthy

A

getting rich is never fast, quick, or easy. It takes hard work and financial discipline. If you try to take shortcuts by using manipulative, selfish, or dishonest strategies you might have money but you will be empty. Wealthy people focus on enriching their customers.

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