Question 1

Focus on increasing your income instead of saving it.

Accepted Answer

Instead of saving money reinvest it! Don't be the person that only knows one way to make money by getting and keeping an awful job. Test things, try things, build things... with the purpose of generating more income. Once you have become good at generating income the entire world opens up to you.

Question 2

Invest more of your income.

Accepted Answer

If you want to be rich you can not afford to be spending your money. You should also not increase your quality of life until your investments allow you to, not your salary or an increase in your salary. Believe it or not, the quickest way to build wealth is to invest 50 - 80% of your income and live on what's left.

Question 3

Invest only in what you understand!

Accepted Answer

Here is the truth, people lose money when they do not know what they are doing - don't be that person! Invest in what you know and are passionate about. The BIGGEST mistake most people make is they throw money at things they do not understand.

Question 4

Money is a numbers game.

Accepted Answer

You must get comfortable with numbers. Don't worry, all you need to understand is basic math: how to add, how to subtract, how to divide, how to multiply, and percentages. Money is simply a measurement unit with no intrinsic value; its just a piece of paper that helps you determine how much value something has and facilitating an accurate exchange. In order for you to measure correctly you need to know your numbers - how much you make minus how much you spend equals how much you are left with.

Question 5

You can only control the time you put in.

Accepted Answer

Everyone has the same 24-hours a day but not everyone spends it the same way. Time is something that is exclusively under your control; you decide if you want to spend the next hour growing or watching Netflix. Successful people use their time to make themselves more successful, mediocre people spend their time trying to justify their lack of action.

STOP thinking there are shortcuts in life! Making your dreams a reality will take you many hours of dedication; hours that nobody else can put in except you. Do not sacrifice your future for the present, the present soon becomes your past and your future is inevitable.

Question 6

Let your assets buy your toys.

Accepted Answer

Big Big Big wealth-building lesson here - embrace this powerful concept!

"Rich people don't work to buy stuff, they work to buy money-making machines!"

If you earn money and spend it on something you no longer have that money. But if you spend that money buying money-making machines you can buy anything you want with the money that machine is making for you.

You want to reach the Great Barrier - the point in your wealth growth where you will never be poor again because your money-making machines are making enough money to buy other money-making machines. At this point, your wealth is actively making you wealthier.

This is why the rich are constantly getting richer - they have passed the Great Barrier.

Question 7

Always negotiate!

Accepted Answer

Negotiate everything, not because you're cheap, but because you want as much value for your money as you can get. You earned that money with effort, the moment you spend it you put a price on that effort. Because money is a measurement unit, the more value you can charge for your effort, the richer you become. If you want a better life for yourself negotiate - negotiating allows you to accelerate your growth! Start negotiating everything...

Question 8

DO NOT spend money you don't have!

Accepted Answer

The worst thing you can do when building wealth is to go into debt to satisfy your desires. You must learn to live without those desires until you can finally afford it! Debt is the modern-day evolution of slavery, somebody owns your efforts until your debt is paid in full.

Question 9

Bet on your strengths, hire your weaknesses...

Accepted Answer

Go all in on your strengths; your strengths are your competitive advantage - your Golden Ticket to the next financial level. People will take notice of the things you do naturally; what you do naturally is where you add the most value - your edge! Where you are strong there are many others who are the opposite that will gladly hire you to fulfill their void. You will grow and more doors will open for you.

Question 10

The more valuable you become, the more you will earn.

Accepted Answer

Do things that are more valuable than what you currently do; the market will pay you for it proportionally to your contribution. You can do this by:

• Doing more of what you already do more efficiently
 • Acquiring a new skill that allows you to do something more valuable.

Both of the above will bring you more income. Additional income comes as a result of your ability to connect the dots (your ideas, skills, network, habits, etc.) that lead to more value. You can never lose your intrinsic value (your dots) nor can anyone take it away.

Question 11

Money is a tool, treat it as such!

Accepted Answer

It is true that money can make things go faster but you do not need it to build something valuable. If you do not know how to use this tool it can cause as much harm as it does good. Just like a chef's knife, in the hands of a professional it can create masterpieces of food art. In the wrong hands it can be very dangerous causing harm. Money is essentially the same, in the right hands it creates wealth; in the wrong hands it can be worthless. The more you use money the more you will get comfortable with it, the more you will learn about it, and the more you will use it as a professional tool.

Question 12

Use other people's money to build wealth...

Accepted Answer

There is only so much you can do using your own money, wealth building simply takes time. Start investing time in learning and understanding how other people's money is used to create wealth. Once you achieve this you can access the next level of wealth building. You'll need to build a network first and learn how to leverage it for more success.

There are certain opportunities (levels) in the game of money that you do not have and will not get access to, unless you know how to use other people's money. This is not a fantasy world where people just give you their money to invest, we have banks that they put their money in. And what does the bank do, it gives money to people who know how to use it to make more money - the Rich - who uses it every day.

For example: you have $20,000 to buy a $100,000 house; you borrow the $80,000 from the bank - other people's money - to make the purchase. You know owe the bank $500 a month for 20 years to pay the mortgage. You rent the house and your tenant pays you $600 a month, which pays your mortgage. In 20 years your property is paid in full and your $20,000 investment is now worth $400,000. Generally, on average, the value of real estate doubles every ten years.

That my friend is how people get rich, and rich people get richer, by using other people's money.

Question 13

Learn the fundamentals; not the tactics!

Accepted Answer

Environments will change, which cause tactics to become outdated requiring change. Do not rush to jump on the new hot thing. Focus on and learn how to use the fundamentals:

• Learn how to sell and you will be able to sell anything as long as you live.
 • Learn how to talk to people and you will be able to connect to anyone.

Tactics are for now while fundamentals last forever!

Question 14

Passive Income is worth 10x Earned Income!

Accepted Answer

New and entry-level investors look at ROI (Return on Investment)...

Advanced and sophisticated investors look at ROT (Return on Time)!

Having $50,000 per year of passive income is 10x better than having a $250,000 a year job; it buys you freedom, which allows you to expand your value in the market place. A $250,000 a year job will consume as much as 80 hours of your time each week.

Question 15

The BEST time to start is now!

Accepted Answer

The time to start will never be perfect; if you want to change your life and make it matter, start manifesting yourself into the world start now. Not tomorrow, not next week, not next month, not next year, NOW! There are no excuses: you can not say you don't have the information, you can not say you don't have the guidance, you can not say you don't have the motivation, and you can not say you do not know what to do. The internet connects you to too many resources - every millionaire and billionaire sees it as intellectual gold.

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