Obvious Wealth Advice

0
FutureMoneyTrends Has Been The Most Widely-Recognized Authority For Financial Freedom and Economic Research Within The Commodities, Cryptocurrencies, Personal Finance and Income Ideas Sector For Over A Decade. Our Main Mission Is To Increase Your Financial Options. Access Our Top-Notch Reports For the New Economy HERE!

Weekly Wealth Digest New

Dear FutureMoneyTrends.com Member,

Countless times, I hear from our members that sometimes it’s the simplest advice that we offer that hits home the best. Ideas that are obvious, but for some reason, we all need to be reminded of.

Last April, I wrote an article that went viral, What I will Teach My Children About Money.” In it, I shared with you 7 financial life codes – ones that I have hanging in my office; I literally look at them myself every day.

Here are My 7 Financial Life Codes, with Added Commentary

Financial Life Code 1: Never borrow from anyone. There are two types of people: those who earn interest and those who pay it. Do not find yourself in the latter. The only exception to this rule is if you are using other people’s money to purchase a cash flowing investment that will not only service the debt payments, but will give you an immediate profit as well.

Financial Life Code 2: Only buy assets that yield cash flow. This is so powerful, it is something I wished I would have applied in my own life. I think about all the speculative losses and dead money that I killed trying to swing for the fences with capital appreciation.

Buy assets that produce income. Nothing more…nothing less; just keep it simple. If it doesn’t generate a yield, then don’t consider it an investment.

Financial Life Code 3: Start your own business. Providing solutions to others is a real public service – one that will make you rich. Business ownership offers up everything retirement promises, only in your much younger and healthier days.

Financial Life Code 4: Give. Reward those who work for you, tip those who service you, and develop ways to help other people. “A rising tide lifts all boats.” I often say this to anyone who works with me.

Financial Life Code 5: Save 1/5th of all you earn. Half should go to a long-term store of value — like gold — which will be your financial insurance. The other half will need to be placed into something that will compound your savings, like our True-Hedge Strategy. Save 20% of all you earn and you will happily learn to live on the 80%, knowing that you will never become financially poor.

Financial Life Code 6: “Be greedy when others are fearful, and fearful when others are greedy.” – Warren Buffet

There are many ways to put this, but I think Mr. Buffet said it best, so I’ll just leave it at that. When the value of an asset is dropping due to fear, this is the exact time when you want to research the fundamentals and go in big. Think about the profits that were made in the stock market in late 2001 or early 2009, just as everyone else was panicking, the smart money was buying; because remember, anytime someone sells or buys a stock, there is someone else on the other side of that trade. Extreme changes in the value of any asset should get your attention.

Seeing a chart that goes up shouldn’t excite you or give you comfort.

Financial Life Code 7: Invest in yourself. This will always be your best investment. This means going to seminars, buying books, online classes, and meeting with wealthy people who have gone down the road you want to travel. Never be afraid to believe in yourself; what one man can do, another can.

I find it “normal” that people earn money and then want to re-allocate it to someone else to manage. This type of thinking is flawed and kind of depressing when you think about it. Have a little confidence in your own abilities. Spend some money on your own ideas, build your own reality, and choose your own destiny.

Obvious Wealth Advice

This is all obvious wealth advice; you can literally set a life guarantee for massive financial success and prosperity if you just follow these simple 7 rules. But for whatever reason, most people won’t. Wealth is a wish, but not a priority.

You have to choose to be rich and more often than not, financial success is the accumulation of a lot of small daily choices. Choices that compound over time, until one day, you are completely financially free.

Have a warm and prosperous week!
gif
Daniel Ameduri
President, FutureMoneyTrends.com

Editor’s Note: Get extra income ideas and investment ideas that are completely outside of the banking sector in our premium membership letter. You can also find our Forever Stock portfolio. These are the best businesses in the world; ones that can help you create a dividend cash flow machine!

Weekly Wealth Digest Video Episode 50

Access Our Top-Notch Reports For the New Economy HERE!
SUBSCRIBE TO OUR NEWSLETTER
Trend Alerts - Educational Articles
Videos - Trend Investments
Weekly Wealth Digest
Hey... Are you Forgetting Something? :)
SUBSCRIBE TO OUR NEWSLETTER