04/12/2022
16 Things You Do Not Know About Making Money
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1. You can pay little to no money in taxes if you start and incoporate a business/company.
2. Making money is more about solving and building systems than it is about working hard.
3. Make money while you sleep or you will never be rich.
4. It takes the same amount of effort to make $50,000 as it is to make $1 Million.
5. Ideas are worthless without extended action.
6. Over 50% of your income should go toward investments if you are starting out and want to be financially free sooner.
7. One million dollars per year is not a lot of money.
8. A wall gets built brick by brick, the same is for wealth.
9. Instead of cutting down costs, focus on increasing income.
10. $300 in passive income is better than $1000 of worked income.
11. Never borrow money that doesn’t go towards making more money.
12. You earn in proportion to your ability to use the tools you have at your disposal.
13. Keeping money is harder than making money.
14. Business people hire good professionals to make and keep them rich.
15. You need at least 3 income streams to be just safe.
16. Track where your money goes and comes from.
