re: Take control of your financial life with some great habits

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Habit #1 - be born rich

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Watch the video. That’s a myth. Being born rich is not a reqt.

The millionaire behavior data says not true.

Compounding cash is 8th wonder of the world. Discipline and time abd wealth is yours.

Saving aggressively has worked for me. Am I lighting the world on fire? Absolutely not. Not being a dual income home is a huge hindrance for me. I have been living paycheck to paycheck and it was getting to me. My mother, who did well for herself, sat down and reviewed my finances. She pointed out I was saving/investing almost $2k a month and I was actually doing well. Not sure why I didnt realize that but I gave myself a bunch of anxiety over it. I wont ever be super wealthy but I might be comfortable

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Watch the video. That’s a myth.

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having capital when you're young is way better than working and saving your entire life to have a net worth of 2 million when you're 70

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Because I’ve also seen his wife, her car, purse, and injections.

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maybe he's just rich. sounds like a cope

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“Millionaires” are most often not what you think they look like. Watch the video. Read Millionaire Next Door, too. Great book.

Spending $ (what people see) and wealth building (what people often do not see) are often very different.

Fella is my neighbor. Trust me. He is a near perfect example of my point. Many ‘affluent’ people are not what you think.

That is the key point…if I can do it, so can many. Chit works. Watch video.

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Habit #1 - be born rich

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This is equivalent to people blaming everything on race. Everything takes effort and sacrifice.

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Take control of your financial life with some great habits

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Habit #0: Come to the realization that inner peace can not be achieved through the consumption of a product or service.

Add Don't get caught up on high interest credit card debt.

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Habit #1:

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Don’t get married

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Not being a dual income home is a huge hindrance for me.

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Still very possible. Keep going. Raised 2 kids on 1 income and were able to live many points in the video.

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Comfortable

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I grew up in great home that was ‘controlled’ (financial dependence) by others due largely to financial ignorance. It was my single biggest motivator to change that for our future generations. I set out to be exactly as you describe - comfortable.

It’s why I wanted to make this post. Many folks can do it. Their context of life holds them back. Takes discipline and so does anything worth fighting for.

You may be surprised by how freeing this will be. Through time of consistent investing and compounding interest, how financially independent you may be.

Keep up the great work!

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$20k invested this year (on average) will be worth around $200k or more in 30 years.

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$2k per month for 30 years is over $2.4 mln at same 7%.

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She pointed out I was saving/investing almost $2k a month and I was actually doing well.

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If someone else has to point this out, you may want to make it more of a focus and use a tool that brings you more visibility of it (eg, Monarch).