Never do These 3 Things With Your Money

If you follow these 3 rules & never do these 3 things, then you will probably at one point in your life become wealthy or financially free.

1. Don’t leave your money in the bank 

You are essentially lending it to the government who don’t guarantee it & don’t give you a return & inflation is eroding it.  

2. Never lend it to friends & family 

Business & pleasure don’t often mix & you could end up losing the relationships with family & friends.

3. Do not spend capital on depreciating liabilities 

Over & above the basic necessities, don’t take capital that has taken you years to get & put it into new liabilities that will go down within 3-5 years. Try to buy second hand or used liabilities or use your income from assets.

Spend your money & recurring income on appreciating assets.

- Real estate

- Your personal brand

- A digital asset

- Stock & shares

- Starting your own business

- Yourself:  invest in yourself wisely because you pay yourself the best return.

Never do These 3 Things With Your Money

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