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What are the ten most important things about personal finance that someone without a finance background must know?
- If you don't find a way to make money while you sleep, you will work until you die.
- Don't aim for job security. It would never happen. Aim for financial security. It is in your control and you can make it happen.
- Get rich books talk about mindset and habits of rich. What they don't tell you is you need money to make money.
- Often, the more you make the more money you spend; that’s why more money doesn’t make you rich – assets make you rich.
- Zero debt is the first and very important milestone in any individual's financial independence journey.
- Biggest Truth About Investing - "You need money to make more money.
- What leads most people into debt? Trying to catch up with people who are already there.
- If you’re happy to sit at your desk and not take any risk, you’ll be sitting at your desk for the next 25 years.
- Loan is what we see: House, car and social media photos of vacations. Wealth is what we don't see: Bank, shares and mutual fund balances. Loan makes you look rich. Wealth makes you really rich.
- You are the only person who can dig yourself out of the rat race and make it to financial freedom. The younger you are when you realize this the better off you will be. It’s not easy, but it’s doable and it’s WORTH it!
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