How to Make your First Million - This is my personal note listened by Brian Tracy
1. Spend less than you earn - SAVE MONEY 5000 per month and invest in mutual fund and stock market
2. Pay yourself first. It is not how much you earn but how much you keep.
**Never buy new, when you can buy used.
Qualities:
1. Honesty- Build reputation when you borrow money
2. Self-discipline - it is learnable skill that we need to develop
3. Likability- positive mental attitude
4. Supportive Environment- a supportive wife or husband
5. Hardwork- hardwork really pays. Work smartly!
6. Passion- Do what you love to do, unlocks your energy and persists more.
7. Sell Your Ideas- ability to sell is learnable skill.
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Enemy:
Procastination- excuses
Make a decision and start doing it today.
Fear of failure-
Lack of longtime perspective-
Lack essential knowledge.- Continuously learning everyday. Do your homework
Wealth is income from other sources, you are not wealthy if you make a good living
Wealth means when you have the money working for you whether you work or not.
Set Clear Financial Goal- Know and calculate your networth.
Pay cash for everything. Don't buy impulsively.
Sales ability is learnable.
#Hustle Just sell and do it.
NOTES:
Live frugally.
Focus yourself on revenue not expense.
Real Estate is future earning ability. It is a positive cash flow.
Start small and grow with experience.
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