In this video I’m going to share with you the seven rules of money. Do you want more money? Well, who doesn’t? But did you know that making money isn’t as hard or complicated as you think? If you follow the rules of money I shared in today’s video, you’re going to be much better off in life and increase your net worth.
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The first rule is you don’t make money because you want to make it. You make it by solving problems. People like Elon Musk aren’t rich because they’re like, I want to be rich! Elon Musk is like, I want to send people into space because that’s the future. I want to figure out a better way of transportation ’cause traffic sucks. That’s The Boring Company. You see how he’s solving problems? He made money because he’s solving problems.
The second rule of money is you don’t make it over night. Unless you win the lotto, you’re not gonna be rich tomorrow and that’s okay. You look at all the people out there, all the YouTube stars, or Facebook people or celebrities, none of ’em have made it over night. They put in their dues and you too are gonna have to put in your dues and if you’re not willing to put in the energy and the time, money just doesn’t miraculously come to you.
The third rule is you need to have your money work for you. You need to put it to work. You don’t need fancy homes and cars and Ferrari’s. If you put your money to work and put it in investments, you’ll become much more wealthy over time versus if you buy all these fancy objects that you see people with on Instagram.
The fourth rule I have for you is it’s easier to save money than it is to make it. Yes, you want to make money and that’s fine, everyone does. You need to work hard to make it but once you have some of it, don’t just blow it. It’s not just about blowing it on Ferrari’s or even investments.
The fifth rule I have for you is learn from other successful investors. Other people have been in your shoes, they’ve made mistakes. They’ve tried to figure out how to make money. There’s people like the CEO of IBM who will break down in their book how they made these big 50 million dollar mistakes.
The sixth rule of money is it’s okay to miss out on opportunities. I missed out on the Air BNB investment and I missed out on a lot of other ones that would’ve made me a ton of money. That’s okay, you’re not gonna get ’em all. Just be more careful with what you pick. Do your due diligence. If something doesn’t look right, don’t do it.
The seventh rule is it’s all about timing. As Warren Buffet says, when people are greedy, be fearful and when people are fearful, be greedy. I’ll give you an example of this. Good example of greed is when cryptocurrencies are all skyrocketing in prices everyone’s greedy being like, they’re gonna be the next billionaire. That’s when you should consider being fearful because there’s a good chance that you could lose a ton of money. On the flip side when everyone’s fearful and let’s say the real estate market crashes 40%, that’s when you should be greedy. Because even though housing prices can still keep going down, you know that, hey they’ve already gone down a lot, no one wants to buy, this is a good time to start picking up because I know over the next five, 10, 15, 20 years, either way I’m gonna make money on the real estate because I bought it low enough.
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One Niche Vs One Hundred Niches
There are several means to earn money online. Some people teach you to focus on one niche while others educate you to throw up thousands of sites in several specific niches. So that is right? Which one is much better? Well actually they are both right – due to the fact that you can generate income with both approaches. However, I want to inform you why I think concentrating on one particular niche each time is the most effective method:The Harder You Work At Your Online Home Business The More Money You’ll Make
To make your home business the success you desire it to be online is mosting likely to take a great deal of difficult work as well as dedication yet it will be well worth the initiative when you have the ability to unwind as well as enjoy your PayPal account grow every single time you send an offer to your e-mail checklist. For individuals that are just starting their Net advertising and marketing profession the most crucial thing you need to know is, much like any type of kind of service offline, in order to succeed you’re gong to need to work hard as well as be person.Make More Money By Lowering The Ads On Your Website
If you are obtaining some decent website traffic to your internet site, you are probably using or preparing to make use of advertising on your web pages to generate income. Nevertheless, you need to constantly beware when you are utilizing them; you require to get an acceptable proportion between your advertisements and also your web content.Keeping Up With Your Practice’s Competition
When it involves medical care, individuals have options to make. Competition can be hard, and also occasionally it can make your technique really feel less like a place of therapy and also more like an area of commerce. However several providers neglect that we no longer reside in a market driven by the experiment the ever-present or most influential advertising campaign. Clinical advertising is currently concerning going to the patient, not bringing the individual to you.
Do you prepare on utilizing web conferencing for your company? Prior to you do, you need to learn the actions that will certainly help you use it without any kind of trouble.Tips That Will Let You Use Small Business Marketing For Maximum Results Easily
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If you like to break out points after that the net is a wonderful place to locate them. Take a look at the following write-up in which you will be able to learn more about the importance of authorizing up to communities, directory sites and also free offer web sites.Some Mistakes You Need To Avoid Making When Starting To Build A Website
Any internet marketer must learn to construct an internet site. Right here are some mistakes that a lot of brand-new internet site building contractors can make if they are not knowledgeable about them. If you intend to obtain into producing internet sites, it is great to dive in by utilizing totally free systems like blogger.com. In this way you will find out all you require to regarding building your site and also monetizing it.Affiliate Marketing Tips: Use Press Releases To Gain Media Coverage
Press releases are a powerful method to advertise your affiliate advertising items. A news release is truly a relevant post or tale that can be submitted to a range of media electrical outlets. Here, we take a look at just how you can use them to ideal result.Using Consumer Psychology In Internet Marketing
Customer psychology has actually been utilized for years to help companies formulate effective marketing strategies, yet it has actually been just lately that these approaches have actually transferred to the globe of Web marketing. If you are preparing to get started on a joint venture, opportunities are that Web marketing approaches will be an integral component of your service setup.3 Tips On Building A Successful Internet Business
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There are a plethora of cliches, sayings and also specialist “pearls of wisdom” that can be called upon when describing success, or certainly failing, in company. I assume the one that calls true the most with me, specifically in the very early stages of trying to obtain a service up and running, whether it be online or offline is, “Fail to prepare, prepare to fall short.”There Are Many Legitimate Ways To Earn Money Online
When you locate genuine means to make money online you are one simply one step better in fulfilling your goal. Lots of individuals wish to discover a way to generate income that does not interfere with their lives. You can make a wonderful additional income without any type of interference to your life and this might be precisely what you are searching for.
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