Facts about money today:
– You should invest at least the 40% of your income every year.
– You should make sure that 100% of your income is taxable otherwise it does not work for you. (money hidden in your house, simply does not work plus it loses its value every year – you can add to it, but you can’t multiply it).
– You should use your earned income to create new income flows or passive income
– You should know how to leverage your money.
– You should know that your money must earn at least 3% per year to maintain the same value of it. (your bank gives you only 0.001%)
– You should know how to choose vehicles to increase your income.
– You should know how to bring and not create new income.
– You should lease what you use and you should buy only what you can lease to others to use.
– Buying real estate cash, it is an indicator that you shouldn’t invest money in it first, you should invest in yourself first.
– You should know what “appreciation”, “depreciation”, “re-finance”, “write-off” is, otherwise you will keep complaining about the taxes, despite where you live on this planet.