I have an MBA an am working as a professional investor.
Over the years, I've learned way more on Youtube than I did in school.
Here are the 7 best Youtube videos I've ever seen about investing:
My formula for building wealth:
1. Paying myself first
2. Creating a side hustle
3. Investing 30% of my income
4. Paying off high-interest debt
5. Increasing my income yearly
6. Investing in a low-cost index fund
7. Having 6 months of emergency funds
What is yours?
I love stocks, but personal finance is 10X more important than stock picking.
Follow this framework to make your personal finances bullet-proof in 2023:
Comfort is a drug. Once you get used to it, it becomes addicting. Give a weak person consistent stimulation, good food, cheap entertainment and they’ll throw their ambitions right out the window. The comfort zone is where dreams go and die.
When you don't have to worry about paying bills, you have time to think.
That makes you extremely dangerous. The system is designed for us to never reach that level. If you're always in survival mode, you'll never have the time or the energy to maximize your full potential.