Weeks ago I was directed to this article via Chris Hogan of Dave Ramsey fame. Mr Hogan is no longer with Ramsey, but the short article is worth a read:
by The Werk Life
Live cheaply so you can use the extra money towards other opportunities – Mark Cuban
Mark Cuban, aka the shark tank billionaire, prides himself on the fact that before his wealthy days, he was living frugally. And we’re talking real frugal, as in: living with 5 roommates and dining on mac and cheese. Cuban advises to ditch the fancy cars, the luxurious vacations, and the designer clothing. Instead, he recommends putting that money towards other opportunities. “The more you stress about your bills, the more difficult it is to focus on your goals. The cheaper you can live, the greater your options.” In other words, be as poor as you possibly can be, first.
Source: Business Insider
Start investing as soon as possible – Tony Robbins
Now, we’re also HUGE believers of this one. Start investing as soon as possible (aka you should have started yesterday). You need to give yourself time to learn and understand the basics of investing, but start now! Investing at a young age is so important because of compound interest. Compound interest is your BFF, and the sooner your start investing, the sooner that cash money can grow. Robbins advises to diversify your investment portfolio and avoid putting all your eggs in one basket. Roger that, Tony!
Source: Blinkist
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