You don't get rich without a plan
I'm not just hoping to get rich… I’m actively planning for it.
Embracing this mindset is the first step toward genuine financial freedom, and I want to share with you a five-step plan to make this vision your reality.
Step 1: Minimize Expenses to Maximize Options
The lower you keep your 3 core expenses:
- Housing
- Transportation
- Food
The more flexible your life becomes. Minimize your expenses to maximize your options in life.
IMPORTANT NOTE: Don't confuse “cheap” with being financially strategic.
Being cheap is expensive. Sometimes the “lowest” priced option IS more expensive long-term.
The cheap lawyer will cost you more in mistakes.
The cheap food will cost you more in health.
The cheap house will cost you more in repairs.
But being financially strategic to find the BEST price for your money is smart.
Step 2: Invest in Yourself
- Create a 10 year career vision
- Set short-term goals & milestones
- Sharpen your skills to level up
- Turn life into your video game
Reminder: The bigger problems you can solve, the more money you'll make.
Step 3: Learn How To Think Like an Investor
Your income alone won't make you rich. You get rich by owning assets.
Pay yourself first. Don't fall into the consumer debt trap.
Your bills and expenses make other people rich.
Assets make YOU rich.
Stack assets first. Not bills.
Step 4: Convert Active to Passive Income
Active Income (job): You work for money
Passive Income (stocks, real estate, biz ownership): Your money works for you
When you earn more money in passive income than you spend each month going to work becomes optional.
Step 5: Commit to Asset Ownership
The richest people in the world own assets.
The real game being played here is asset OWNERSHIP.
To understand the game better, study:
- Compound Interest
- Market Cycles
- Human Behavior
- Index Funds
- Stock Market History
- Yourself
Transforming hope into a plan is the foundation of building lasting wealth.
By following these steps, you're not just dreaming of a richer future… You're actively constructing it.
Keep building my friend, brick by brick!
- Josh
Ready to make moves to improve your financial future? Then tap here! 🎯
As Always: Stack assets & enjoy life!
Blog Post: #135
