The Rich Mindset πŸ” β„’
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A place where future rich people are made! πŸ”
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Tips to avoid wasting time

1. Remember the power of intention

2. Get rid of any distractions

3. Focus on one thing at a time

4. Practice Saying No

5. Delegate when possible

The Rich Mindset πŸ”’βœ…
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IF YOU WOKE UP WITHOUT A GOAL, GO BACK TO SLEEP.

The Rich Mindset πŸ”’βœ…
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10 THINGS PEOPLE LEARN TOO LATE.

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Use your money to:

- Look better (hygiene)
- Feel better (nutrition)
- Make more money (invest)

Use your time to:

- Look better (exercise)
- Feel better (meditate)
- Make more money (skills)

Focus on things that move the needle!

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SKILLS THAT ATTRACT SUCCESS.

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Rule #1: You have to be your own biggest fan.

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HABITS OF TOP 1%⏰

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Hustle because being lazy is too expensive.

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12 Tips for Improving Your Life:

1. Smile more
2. Create a budget
3. Focus on effort, not results
4. Prioritize 7-8 hours of sleep
5. Exercise 3-5 times per week
6. Network with high achievers
7. Read one book every month
8. Focus on what you can control
9. Drink a gallon of water each day
10. Cut toxic people out of your life
11. Stop wasting time on negative people
12. Learn about investing and personal finance

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Wealth is quiet, rich is loud, and poor is flashy.

Be the wealthy person no one knows is rich.

Have more than you show and speak less than you know.

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Bill Gates wears a $10 watch with a net worth of $130 billion.

Jeff Bezos drove a Honda Accord when his net worth was $10 billion.

Warren Buffet lives in the same house he bought for $31,500 in 1958, with a net worth of $140 billion.

Millionaires are all around you.

Most aren't flashy.

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Discipline leads to habits.

Habits lead to consistency.

Consistency leads to growth.

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The wealthiest people I know go from idea to action immediately.

Take action if you want to get rich.

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Use your salary to invest in passive income so that passive income eventually replaces your salary.

$100 a month in passive income pays your phone bill.

$500 a month in passive income covers your groceries.

$700 a month in passive income pays for your car.

$2,500 a month in passive income pays your mortgage

You work for active income but passive income works for you.

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Networking

A degree is good, but your network is better.

Start building relationships with:

β€’ Bankers
β€’ Lawyers
β€’ Investors
β€’ Accountants
β€’ Wealth advisors
β€’ Business owners

They know how the game works.

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Life has taught us that we need to combine extremes.

β€’ Love people, but be indifferent.
β€’ Do good and expect evil.
β€’ Hope for the best, but expect the worst.
β€’ Believe in people and don't trust anyone.
β€’ Be an optimist with realistic views.
β€’ Live with an open heart and don’t let anyone in.

Part of you must love and admire this world. And the other is to wait for the blow and be ready for war.
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"Passive Income Ideas: 101 Passive Income Ideas Under $1000." πŸ“šπŸ“šπŸ“š

by Frank Coles

"The key to financial freedom is not more income; it's more streams."

7 Lessons from "Passive Income Ideas: 101 Passive Income Ideas Under $1000," by Frank Coles:

1. Understand Passive Income
Coles defines passive income as earnings that require little to no ongoing effort after the initial setup. This understanding is crucial for identifying viable opportunities that align with your lifestyle and financial goals.

2. Start Small
The book emphasizes that you don’t need a large sum of money to begin generating passive income. Many ideas presented can be started with less than $1,000, making it accessible for individuals at various financial stages.

3. Diversify Income Streams
Coles encourages readers to explore multiple passive income streams. By diversifying, you can reduce risk and increase overall earnings potential, ensuring that you are not reliant on a single source of income.

4. Leverage Digital Platforms
Many of the ideas in the book involve utilizing digital platforms, such as creating online courses, writing eBooks, or affiliate marketing. These avenues can reach a wide audience and often require minimal ongoing effort once established.

5. Invest in Real Estate
Coles discusses the potential of real estate investments, such as rental properties or real estate crowdfunding. These options can provide steady passive income, although they may require some initial research and management.

6. Create and Sell Digital Products
The author highlights the benefits of creating digital products, such as printables, stock photos, or software. Once created, these products can be sold repeatedly with little additional effort, making them a great source of passive income.

7. Monitor and Adjust Your Strategies
Coles stresses the importance of regularly reviewing your passive income strategies. Monitoring performance and making adjustments as needed can help optimize your income streams and ensure they continue to meet your financial goals.

These lessons serves as a practical guide for anyone looking to build wealth through passive income. By applying these lessons, readers can take actionable steps toward financial independence and create a sustainable income with minimal ongoing effort.
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The 20 main differences between winners and losers. Which side are you on?

πŸ“1. Winners focus on the solution.
Losers focus on the problem.

πŸ“2. Winners take responsibility.
Losers blame others.

πŸ“3. Winners find opportunity crisis.
The losers complain about the crisis.

πŸ“4. Winners enjoy the present and learn from the past.
Losers live in the past.

πŸ“5. Winners make a decision and stick to it no matter what.
Losers promise but never deliver.

πŸ“6. Winners think about how they can achieve this.
Losers ask for forgiveness.

πŸ“7. Winners Emphasize personal development.
Losers neglect personal development.

πŸ“8. Winners face their fear and embrace it, jump over it and move on.
Losers live in their own fears.

πŸ“9. Winners are constantly expanding their comfort zone.
Losers stay in their comfort zone.

πŸ“10. Winners are constantly on the move.
Losers refrain from action, they lack consistency.

πŸ“11. Winners learn from their failures.
Losers fear failure and shun it no matter what.

πŸ“12. Winners try different strategies when they don't get the results they wanted.
Losers do the same thing over and over again expecting different results.

πŸ“13. Winners set goals.
Losers lack purpose.

πŸ“14. The winners are planning.
Losers don't like to have plans.

πŸ“15. Winners believe there are always things to learn.
Losers consider themselves experts, yet they know little.

πŸ“16. Winners are humble.
Losers are selfish.

πŸ“17. Winners continue to hone their skills every day without concessions.
Losers create little effort by honing their abilities.

πŸ“18. Winners work hard.
Losers avoid work.

πŸ“19. Winners give their all to the goals they decide to achieve.
The losers do everything halfway.

πŸ“20. Winners make good use of their time and indulge in activities that will lead them to achieve their goals.
Losers lack time management, indulge in activities like playing games, watching endless replays.