Saturday 25th

🌳 The Wealth formula

February 25, 2023

QUOTE OF THE DAY

"If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability."Henry Ford

In simple terms, money comes and goes and its important to remember money is only valued at what the market cares to value it at. Real security is knowledge, experience and ability.

VALUE = MONEY

Being paid for your time is extremely un-sustainable, I mean think about it even if you were to work 24 hours a day for $20 an hour you would only make $480 a day - the 8 hours you need of sleep thats now $320 a day and is that even realistic considering other obvious factors?

If you are trading your time for money then you are capped on how much you can possibly make end of story.

You have to understand that you are paid according to your perceived value not how hard you work which can also be related to how much leverage you have and the leverage you have is dependent on the uniqueness of your skillset, I know this is confusing but stay with me!

Understand that If you want money,

solve problems

, the extent of the problem will decide your reward.

Again wealth isn’t made through trading your time for it, it's made through solving problems and the more in demand the solution to the problem is and the more people it impacts, the more money you make. You will make money in relation to how many people you help,

if you want to make a million you have to help a million.

TAKEAWAYS:

Don't chase money, case solutions to problems and money will naturally follow.

BOOK OF THE WEEK ⤵️

The book of the week is 'The 5am Club' by Robin Sharma click HERE or above to check it out!

CONTENT CREATOR OF THE WEEK ⤵️

The creator of the week is Callum Carver - 'The money man'. He makes content all focused on Entrepreneurship, Self-development & Finance In a fun and engaging way. Check him out HERE!

LESSON OF THE DAY ⤵️

Focus on finding out people's problems, starting with searching on google 'I hate it when...' Is not a bad idea!