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Your easy, fun crypto trading app for buying and trading any crypto on the market
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10 practical lessons you can learn from
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"The Simple Path to Wealth" ?
by JL Collins:
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Building a Strong Foundation:
Challenge Financial Complexity: The book argues that complex financial products are often designed to benefit the seller, not the investor. It advocates for a simple, low-cost approach to investing.
Avoid Debt (Except for a Mortgage): High-interest debt can significantly hinder wealth building. The book encourages paying off debts (except for a low-interest rate mortgage) to free up more money for investing.
Embrace F.U. Money: The book defines "F.U. money" as enough savings to give you the freedom to walk away from a job you hate. It motivates you to save and invest consistently towards achieving this goal.
Investing for the Long Term:
Low-Cost Index Funds are Your Friend: The book recommends investing in low-cost index funds that track the overall market performance. These offer diversification and lower fees compared to actively managed funds.
Dollar-Cost Averaging is Your Strategy: This strategy involves investing a fixed amount of money at regular intervals (e.g., monthly) regardless of the stock market price. This helps average out the cost per share over time.
Rebalance Regularly: Maintaining your desired asset allocation (e.g., stocks vs. bonds) is crucial. Rebalancing involves buying or selling assets to bring your portfolio back to its target allocation after market fluctuations.
Mindset and Lifestyle:
Live Below Your Means: Don't spend everything you earn. The book emphasizes saving and investing a significant portion of your income to build wealth over time.
Beware of Lifestyle Inflation: As your income increases, resist the urge to significantly increase your spending. Focus on maintaining a moderate lifestyle and saving the difference.
Invest Early and Be Patient: The power of compound interest grows significantly over time. Starting to invest early, even with small amounts, can lead to substantial wealth accumulation in the long run.
Stay the Course: Don't panic sell during market downturns. The book emphasizes staying disciplined and invested for the long term to ride out market fluctuations and benefit from market growth.
➡️Join and Share @Business_Todays*✅***
10 Lessons to learn from the book
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" The Millionaire Mind "?
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By: Thomas J. Stanley Ph.D.
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1. Focus on Frugality, Not Fancy: Most millionaires aren't big spenders. They prioritize saving and living below their means.
Hard Work Wins the Race: Success comes from dedication and perseverance, not shortcuts or luck.
Education Matters (But Not Just Pedigree): Academic achievement is a plus, but millionaires often come from diverse educational backgrounds.
Delayed Gratification is Key: Millionaires prioritize long-term goals over instant gratification.
Entrepreneurship is a Path (But Not the Only One): While some millionaires are business owners, many accumulate wealth through professions like engineering or healthcare.
The Power of Patience: Building wealth takes time and consistency. Don't expect overnight riches.
Think Like an Investor: Millionaires understand the importance of investing and growing their wealth over time.
Real Estate Can Be a Tool: Many millionaires leverage real estate ownership to build wealth.
Family is Priority: Strong personal relationships are important to many millionaires, even alongside financial success.
Balance is Key: Financial goals are important, but millionaires often find a healthy balance between work and personal life.
➡️Join and Share @Business_Todays*✅***
10 Lessons from
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"Rich Dad's Retire Young Retire Rich" ?
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by Robert T. Kiyosaki:
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How To Get Rich And Stay Rich.
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1. Attain Financial Freedom by commencing early investments that allow your money to work for you over time, as emphasized by Kiyosaki. Starting early ensures more money is actively working on your behalf.
Embrace diversification of income streams; Kiyosaki advocates cultivating various passive income sources, like rentals, investments, and businesses, as opposed to relying solely on one revenue channel.
Seek guidance from mentors and successful individuals without hesitation. Kiyosaki's endorsement of mentorship resonates with his previous work "Rich Dad Poor Dad," emphasizing the importance of learning money management from those with experience.
Cultivate a rich mindset. Counter the habit of considering oneself average, as this mindset can limit your potential. Kiyosaki underscores the significance of thinking differently to achieve extraordinary results.
Exploit legal tax strategies to your advantage. Wealthy individuals utilize tax loopholes for minimizing tax payments, employing tailored asset structures and tax shelters.
Refrain from acquiring liabilities. One of the common errors is making ill-advised purchases, such as cars, which can undermine financial stability. Kiyosaki cautions against such choices.
Continuously invest in education. The book highlights the value of lifelong learning and personal growth through investing time and money in your ongoing education.
Progress towards financial freedom isn't solely linked to a high income. Kiyosaki underscores that a person earning less and spending even less is in a better financial position than someone with higher earnings and expenses surpassing their income.
Valuable experiences in life often come without a price tag.
Exercise frugality regardless of your financial status. Kiyosaki's father exemplifies that having money doesn't necessitate extravagant spending, advocating prudent money management even after achieving early retirement and financial freedom.
I hope you find these lessons helpful.
➡️Join and Share @Business_Todays*✅***
In one of his interviews, Elon Musk said:“It’s really sad that so many people think:
“ It’s finally Friday... Finally, another five days of my life have passed. Now I will spend the remaining 2 days pumping myself up with alcohol so as not to think about the next five days of my life!
I haven't met a single millionaire who thinks so. All rich people do the things they enjoy and are good at.
They get high, but don’t work.”➡️Join and Share @Business_Todays*✅***
? 12 unique tips: ?
1️⃣. The slower you move, the faster you will die2️⃣. Spend no money on dentistry and travel3️⃣. Don't marry someone you don't intend to spend the rest of your life with. The average marriage lasts ten years, so statistically speaking, you probably won't spend the rest of your life in it. But we must hope!
4️⃣. Never lay your hand on a woman, child, animal or man who cannot break your jaw5️⃣. Never lay your hand on anyone if you can avoid it . There are really only two legitimate reasons to fight: to fight for your life or to protect your loved ones
*6️⃣*. Be generous to those who cannot do anything for you...
7️⃣. Good manners are the basis of everything!** Rudeness has no excuses. Quality of life is made up of small human concessions to each other, and only politeness will make your life bearable
8️⃣. There will never come a time in life when you become so wise, experienced and successful that you won’t fail at anything . Expect failure and allow it to strengthen your spirit. Minutes of shame make you strong, moments of success make you grateful: both alternate in life as inevitably as night and day
9️⃣. Take care of your knees! If you play sports, they will refuse sooner or later. If you don't play sports, they will suddenly refuse
?. If noisy scandals occur between you and your woman, then this is not your woman1️⃣1️⃣. There are peaks that definitely need to be climbed - it’s better to avoid all the rest1️⃣2️⃣. If you have time, it's better to walk
➡️Join and Share @Business_Todays*✅***
¶¶ When employees respect each other and get along in the workplace, it's amazing how productivity increases. ¶¶
Respect is the glue that holds teams and organizations together. When there is a high level of trust and respect in any environment, loyalty is extremely high, and employees become very confident because people are treated with courtesy and kindness.
This is why influential leaders extend a Circle of Safety to include every single person on their team. All forms of discrimination, bullying, and gossiping are rejected, and as a result, the organization becomes very influential and very profitable.
➡️Join and Share @Business_Todays*✅***
**Life is what's inside of you
• If you have fear inside you, life will scare you.
• If there is aggression inside, life will “attack” you.
• If you have the desire to fight within, you will get rivals.
• If you feel guilty inside, life will find a way to “punish” you.
• If there is resentment inside, life will give reasons to be offended even more.
• If there is joy within, life will give even more reasons for joy.
• If you have gratitude within you, life will give you even more reasons to be grateful** for what you have.
➡️Join and Share @Business_Todays*✅***
Empathy for Everyone
?If you want to be an unforgettable person, then nothing is more important than being empathetic.
?It is like a blessing trait in business and other arena.
?Some people develop it consciously while others have already in have it in their subconscious.
Empathy is putting yourself into same situation which others are confronting.
Lets see few cases in which being empathetic is very crucial and in which its significance can't be denied:
Anxiety : It is sense in which you have no idea what is going to happen ??? a person has a messed self image. In that case, you will put yourself into that situation and will make the person realize his/her worth.
Optimism: Optimism is the positive sense about things around us. In this case, if u wanna make other person feel optimistic then you will make a progress report & would show him / her worth. Task may be easy or difficult but your only motive is to make the person feel pumped up.
Depression: Depressed people have pet sentence to say , what is the use ? they say everything around them unworthy. They always reside in their comfort zone and they don't take any action at all. They are not ready to accept the change. Surprisingly,, depression is a physical experience and the antidote is physical action , so act empathetically and engage them in any physical activity.
➡️Join and Share @Business_Todays*✅***
Courage, the Flip Side of Fear
?Courage is the awareness of true measure of danger, and the mental willingness to endure it. Courage is often understood to have two categories: Physical and moral..Physical courage is the willingness to face serious risks of life instead of fleeing from it. Moral courage is the firmness of spirit that faces danger or difficulty without retreating.
?The complicating factor is that fear exists in many different forms. In biochemical term; fear is the collection of hormonal responses released by the brain. Once these hormones disperse throughout the body, they begin to trigger defensive mechanisms such as raising adrenaline and cortisol levels, and increasing heart rate and respiration.This is the so called fight or flight response.
?Once you understand what your fears are as biological phenomena, the next step is to become consciously aware of the biological phenomena rather than an emotional way ?
➡️Join and Share @Business_Todays*✅***
How to build a great team?
¶¶ To build a strong team, you must see someone else's strength as a complement to your weakness and not a threat to your position or authority. ¶¶
No one is an expert in everything, the strongest businesses are built on the smartest people – not on one person., I've learned that strong leaders don't fight to have the first and last word. They listen to their teams, ask the right questions,❔❓⁉️ and give everyone the chance to contribute. Instead of trying to do it all, find people who can do it better. With the right people in place, you can take a step back to focus on your strengths – like leading your team and planning your company's future.
They admit when they’re wrong and genuinely want to learn from others. At the end of the day, it’s not about being the smartest person in the room. It’s about building a team with the smartest people you can find and inspiring your people to believe in the impossible.
➡️Join and Share @Business_Todays*✅***
Community chat: https://t.me/hamster_kombat_chat_2
Twitter: x.com/hamster_kombat
YouTube: https://www.youtube.com/@HamsterKombat_Official
Bot: https://t.me/hamster_kombat_bot
Game: https://t.me/hamster_kombat_bot/
Last updated 3 months, 1 week ago
Your easy, fun crypto trading app for buying and trading any crypto on the market
Last updated 3 months ago
Turn your endless taps into a financial tool.
Join @tapswap_bot
Collaboration - @taping_Guru
Last updated 3 days, 5 hours ago