Money
3 Money Myths You Need To Bust
Growing up, we were all exposed to various money myths by our parents, relatives or siblings. Fortunately, most of these myths are not true. Or let’s put it this way, times are changing, so methods that may have worked in the past may not necessarily work now.
I know we’ve been encouraged to believe them but if we really want to move forward financially, we need to be aware of these myths on money and wealth so as to avoid them.
1. Working Hard=Getting Rich
Many people think working extremely hard, day and night or having a day job will make you wealthy. Don’t get us wrong, it’s great only if when doing that, you have a projected plan of how this would help you reach financial freedom in time.
No job is guaranteed, so you cannot rely on the fact that a job will make you rich. As cliché as it might sound, it’s more advisable to ‘’work hard and work smart’’. Else, you’d find yourself working hard but still having to live from salary to salary.
These are mistakes the older generation made and can be avoided. Work hard and have a financial plan for your future.
2. You Need Money To Make Money
Yes, many people say you do. But the simple fact is that you don’t always need money to make money or start a business. You often hear people give a common answer; “I don’t have money; it takes money to make money’’ when asked about their plans for their future.
A way to solve this could be you coming up with the right idea and then, finding other participants to contribute cash or resources for percentages of ownership. The point here is you do not always need your own money to make more money. You can use other people’s resources legally, and be financially stable.
3. Investment Is Risky
Everything you do has a risk in it; life itself is a risk. The best way to mitigate these risks is to educate yourself and same goes for investing. It becomes less risky if you know how to make educated decisions.
You can educate yourself by reading books, attending seminars, speaking with professionals or researching about it. Having to rely solely on people’s opinions about investing is the first step to failure.
We should be conscious of these myths and replace them with facts.
This article originally appeared on Piggybank.ng. Please follow them on Facebook , Twitter , and Instagram.
Yes, you read that right.
If there’s anything the pandemic taught us, it’s that the paradigm of “office” and “workspace” has been shaken to its CORE.
Universities are teaching via Zoom, court dates are done virtually, FULLY REMOTE businesses are valued at $1B+, and legitimate Inc. 5000 startups are run from…wherever. 📲
This is my office for the day…
I am actually running our business from the beach, typing this from here.
It’s 4:28 pm CET, which means it’s 10:28 am EST and I am CRUSHING my to-do list.
(And the team will continue to crush it while I’m asleep. That’s the 🗝)
So how did we get here?
We launched NYCE and our mission to create 100,000 millionaires in March, 2020…just as the global COVID-19 lockdown happened. 😳
As a result, we shut down our main office and set EVERYTHING up to run remotely…
SMOOTHLY! And a system that allows us to outperform competition by 200%. (You can build this system, too. More on this in a second.)
Here’s what we were able to do since then:
- Gained 6M+ followers across all platforms 📈
- Add 1500+ new apartments to the portfolio 🤑
- Grow to $300M in real estate 🚀
- 105% investor returns 🎉
- 700K+ community members 🤝
And here’s the best part…
Having team members in all the main time zones gives us a 24-hour work cycle vs. 9-5/eight-hour on-the-clock performance.
This means we get 3x the productivity of a similar company. 🔥
Let me repeat that…3x PRODUCTIVITY vs. our competitors.
Meanwhile our project management software grants us 24-hour TEAM-WIDE connectivity that tracks all tasks and lets us know if productivity dips even a little bit.
There is ALWAYS someone senior awake. It could be Martin in Barcelona…Nat in New York…Vineet & Arif in New Delhi.
All the while giving YOU GUYS wealth hacks and daily content. 🔥
OK, so how can you do it?!
Well, the first step is to have an actual side hustle you’re launching. Not just an idea, a validated business.
MAJOR KEY: Do NOT spend money until you’ve made your FIRST DOLLAR! 🗝🗝🗝🗝
(You can catch a replay Business Launch masterclass here and see TRIBE member Nessa launched her business on the spot and got her first $45K client shortly after.)
One of the easiest ways to start is with Airbnb—you can start that in 10 minutes. Literally. (Here’s a guide if you need it.)
Once you have your business, you build a virtual infrastructure (you really just need two softwares, which are FREE), manage the team accordingly and run the business from there.
I’m gonna put together a step-by-step video breakdown this weekend inside the new TRIBE U on the FIVE key things you need to do this for YOURSELF. 💵 💎
From what software to use, how to build a team, how to keep.
In the meantime, drop a comment if you’re ready to build some wealth and any questions if you want more…
Let’s get to work. 🙌
PS: If you can’t be bothered with video and just wanna get to work, we’re hosting a TRIBE U workshop that will help you get this process started on the spot. It’s $479 $49. 🔥
Blockchain, Bitcoin. Bitcoin, blockchain.
The two terms go hand in hand—and have become almost ubiquitous with this year’s insane rise (and fall) of Bitcoin.
But what does it all really mean? How does it come together? In this week’s chart, our friends at CB Insights break down exactly how blockchain powers Bitcoin.
How to Invest In Real Estate Through Your IRA
How Big Real Estate Moguls Avoid Taxes (And How You Can, Too) 👀
How I run a $300M+ business from the beach…(and how you can TOO!)
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