12 Important Things Everyone Should Know About Money

Written by keith
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financial_documents_credit_debit_card_payments_money_bills_invoices_300x3001. Don’t get a salary. A salary will never make you money.

2. Don’t invest any of your money. Investing is for wealth preservation, not wealth creation, so first you have to make wealth.

3. Come up with 10 ideas a day. This doesn’t seem like “personal finance,” but it is.

4. Don’t try to save money by not buying expensive coffee or taking subways instead of cabs. That’s a myth. The best way to save money is to make more.

5. Learn how to copywrite.

6. Come up with 10 ideas for how two people can help each other. Introduce them and stay out of the way. This is real networking. Not fake networking where people hand business cards to strangers.

7. When you have wealth, never invest more than 2% of your wealth in any one idea.

8. Don’t enter a business with a lot of competition. Enter a business with a monopoly. This means high profits, high perks, great education.

9. Read a lot about things that have nothing to do with finance. Then combine them.

10. Sleeping eight hours a day might be the most important personal finance rule.

11. Be around people who love you and whom you love. Eliminate people who bring you down.

12. Gratitude = Abundance. You can be grateful only for what is abundant in your life or what will be abundant in your life. So practice gratitude / abundance all day long.

Read more: http://www.quora.com/What-are-the-ten-m … z3CpSWVqsx


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