@FilledWithMoney As people have said pay off monthly. My “secret tip” is to request a credit line increase every six months. (As long as you can manage not going wild and overspending.). I’ve got about 300k in credit available to me between 7-8 cards, utilization is typically 2-4%
@zachmelloh26 I anticipate getting something, but when I run my retirement projections I like to do it w/o SS because I don’t want to count on the government. I want to be master of my own financial future. Any SS is just icing on the cake!
@SteveWagsInvest I mean, Apple is valued at what, 2.7 trillion? I’ll take 5% of that for a cool 135 billion in stock that’s a solid dividend grower with growth in the stock as well! The .55% dividend on the stock would give you 742 million a year as well!
@markcecchini I have faith Jeff from IT can hit a good timing trade occasionally. Even a blind squirrel finds a nut sometime! However, I have zero faith he can do it consistently enough to be a reliable investment source!
I joined the millionaire club when I was 35. I know what to look for when it comes to future millionaires.
Here are 12 clear signs that you are destined to be a millionaire.
1: You invest 20% (or more) of your income.
Nobody got rich just by saving money alone.
And nobody got rich by spending it, either.
Investments build wealth.
And wealthy people are big-time investors.
2: You don't spend 12 hours watching TV on the weekend.
Your weekends are your time to relax but also to level up.
▫ To learn
▫ To side hustle
▫ To work on yourself
Millionaires don't waste their weekends.
3. You know how to prioritize.
Millionaires prioritize their lives. They know what is important.
👉 Health > Family > Wealth
Without the first two, it's much harder to achieve the third.
4. Your circle of friends is high-quality.
▫ Friends that support and motivate you are high-quality friends
▫ Friends that criticize and sabotage are no friends at all
Millionaires never allow low-quality friends into their inner sanctum.
5. You spend very little time in your comfort zone.
Comfort zones have their place. We need them. But, millionaires don't build wealth by spending their days in comfort.
👉 They do uncomfortable things.
Doing uncomfortable things builds wealth.
6. You have more than one source of income.
Income from your job or business is great.
But, most millionaires have multiple sources of dependable income. If one fails, the others pick up the slack.
Multiple income sources ensure long-term, dependable wealth.
7. You don't fear failure.
To a millionaire, failures are learning opportunities.
To the poor, failures mean that you're not good enough.
The truth is failure builds:
▫ Character
▫ Experience
▫ Determination
Millionaires use failures to level up their lives.
8. You have a high moral character.
Millionaires live and die by their morals and ethics. They sleep well at night because they operate their lives healthily and wholesomely.
Rich criminals don't stay rich for long (unless they are politicians).
9. You smile. A lot.
The happiest people I've ever met have also been the richest.
Why? People want to work with happy people.
▫ Happy people are attractive
▫ Wealth is attracted to happy people
Being happy creates money-making opportunities.
10. Your health is more important than your wealth.
Successful people exercise consistently.
Contrary to popular belief, they don't just sit in offices all day.
Millionaires:
▫ Walk
▫ Eat healthily
▫ Resistance train
Health DIRECTLY enables wealth.
11. You believe in winning.
▫ You don't apologize for things that you didn't do
▫ You don't feel bad about being more successful than your neighbor
You believe in yourself. You believe that you belong.
You believe in winning, and therefore, you do.
12. You are goal-oriented.
Without goals, it's impossible to right the ship. To make changes. Why? Because without goals, you have no idea where you are going.
Millionaires keep smart, achievable goals.
And they hold themselves to them!
Being a millionaire is more than just dollars.
It's about:
▫ Habits
▫ Choices
▫ Lifestyle
▫ Confidence
Get those right, and you won't be able to keep the money away.
I spend a lot of time writing these posts.
If you liked this post, please drop a comment. It helps me spread the message.
Everyone should have insurance to protect their income and wealth (especially high-earners).
The problem?
Most people have no idea they are underinsured (which could have devastating consequences).
The 6 types of insurance you need to understand to protect you and your family:
@MillionaireDoor Depends on his priorities! I know the math says to throw it in a money-market fund that’s paying 5.5%, but I know the psychology I have says pay off the mortgage. Sleeping at night knowing I own the house free and clear is priceless to me!
@Investmentkage Owning 6 bitcoin when they were <$1000, back in 2014 buying 5 shares of Amazon instead of 2 of apple, watching apple skyrocket the next two years while Amazon dropped well into the negative, eventually sold Amazon for $5 a share gain, 1000 investment would be 4500 today… 🤬🤬🤬