3 Secrets About Money I Wish I’d Known At 20 Years Old
Let me share with you the 3 secrets about money that I wish I knew when I was 20 years old.
It’s a bit of a funny story because when I was growing up, I didn’t have an awful lot. I just grew up in a council estate here in the UK. Unfortunately, at the age of 11, both of my parents were not around.
Money was something really, really scarce. We didn’t have any luxury of play station, bikes, or anything that a kid would want to have.
At the age of 25, I started building my business. And, these are the 3 things I wish I knew.
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1. You have to work in exchange for money.
When I was 16 years old, I used to work for a local football team. I was in the catering stand. I started to work at a local restaurant and get paid a minimum wage. And, that’s when I wanted to become an electrical engineer.
I always assumed I had to work really hard to get promoted and get more responsibilities in the job. I had to trade time for money.
But, there are ways and vehicles to build businesses where you don’t have to work hour after hour in exchange for your money. You don’t have to work for money anymore. You can invest your money and money can work for you.
2. You have to have money to make money.
“The rich gets richer. The poor gets poorer.”
But, I’ve proved that is not the case when I was 25 years old. When I purchased my first product, I had no money. In fact, I had a minus money in my credit card. Not zero but negative money.
But, I still invested that money to get back positive.
It all has something to do with money beliefs. If you can make 1 pound, you can make 1,000 pounds. If you can make 1,000 pounds, you can make 10,000 pounds. If you can make 10,000 pounds, you can make millions.
That’s basically what had happened in my personal journey. I realized that I could sell products and then I was absolutely all in.
Since then, we’ve sold over 7 figures.
3. You have to save money.
You gotta keep saving money. Keep saving for the rainy days.
You do want to have a Financial Freedom account where you get to keep 10% of your money and never use it.
BUT, the truth is if it’s just in your bank, it’s not doing anything.
So, what I try to do is to think where I can put my money to work. Is it through investments or new streams of income?
If you start investing money to make more money, then what’s going to happen is you will grow your money.
If you have questions, please don’t hesitate to ask. And remember, you’ve got to take massive action. Cheers!
Do you relate to this? Let me know in the comments how you’re doing and keep taking massive action!
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