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23 COMMENTS

  1. I started reading Rich Dad poor Dad by Robert Kiyosaki and Sharon Lechter, Rich Dad Poor Dad for teens, Rich Dad Poor Dad Becoming rich without cutting up your credit cards. Now I track where my money is going to determine if I’m spending money on things that don’t matter, making impulse purchases, or wasting money without even realising it… last year I wasted $5,980 on McDonald's,entertainment,shopping, and Uber. I Don’t use card because you don’t see the money being taken out of my account whereas using cash it makes me spend less money because you think of all the hours spend making that money… I put the name of all my expenses on an envelope and put the money in cash into it and that's what I use to pay for everything. I also started putting money aside for a Rainy Day Fund (emergency fund), if something unexpectedly comes up this is where I can turn too so I won’t be in a position where I don’t have the money ($50-100). I use $150 monthly to pay for things ( use a app called Pocketbook to help me with my spending). I’m focusing on a goal, yearly goal, then break it into monthly goal, then daily goals for example investing in high income skills, skills which generate high income and study accounting to get an idea of how business works before getting into real estate. I'm also thinking about studying marketing, economics, shares, real estates, high return investments, online businesses etc I didn't know where to start. I want to have multiple streams of income by 23-25. Right now I'm learning about Asset and Liability and has gotten addicted to saving the right way.

    “those who don't manage their money will always work for those who do. Do not save what is left after spending, but spend what is left after saving”

  2. You're making up the IRS story…  If you sent that in multiple times, you would have gotten a certified return receipt which would have prevented the "arbitration."  Don't make stuff up for drama.

  3. Pay down debt, save, and get ready for the 2020 recession. I may buy some IPOs this year but definetely staying liquid and buying gold, especially if it goes over 1400. Have patience my friends.

  4. Hey, Phil.
    Thanks for sharing this knowledge, it was very helpful. But I have an off topic question – what is the suit that you are wearing ? 😀 What is the material of it ? From what I see its wool, but which brand?
    Thanks!

    Pavels

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