Become a millionaire | Key insight: Focus on how you spend your money, not what you earn
Dear all
This post is intended for those that would like to make a million from scratch.
The credit for this reflection goes to Craig Hill whose book have helped countless people*
Imagine a person that makes $6,000/month and thus is able to spend that amount or perhaps even more by indebting themselves. Then imagine another person that makes $2,000 per month and can limit his consumption to $1,800/monthly and thus invest $200 in assets (stuff that appreciates in value). Who will be richer in 3 years if they invest well?
If you know a great type of asset class or a specific asset - please share it in the comments below :-)
All the best
Mikk N
*I have no affiliation with Craig Hill and the promotion is out of mere appreciation for the principles in the book.
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Thank you @dioneaguiar! whats the best post you have seen on here on money management? :-)