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I've got a lot of questions on my Instagram stories, so I decided to put them together and make a post about them.
Let's suppose you received a salary or income from a business, paid off the obligatory payments (rent, electricity), purchased food, etc. You have the amount of money left, say, of $1000, and there are 2 options:
1. Save this money
2. Spend them on entertainment /buy some stuff you don't need /go to the restaurant

Of course, you will say that you save money. But are you honest with yourself? Do you really put the money off?
$1000 is a very small amount. If you put it on deposit even at 8% per year, then in a year it will turn into $1080. An increase of $80 per year, how about it, huh?
It turns out that you need to "take" $1000 from yourself now so that they increase by just $80 only after a year! Pretty sad math... And the emotional part of our mind whispers:
"Why do you need these stupid investments, increasing capital. Let's better go and spend some money there is a new PS5 on the market! We live once, why make money if not to spend and enjoy life now?"
And since most financial decisions are connected to your emotions, you give in to these tricks and instead of saving some money, you spend.


Save! BUT!
Start saving off a little bit and gradually increase the amount.
There is a rule "save 10% of income." It's cool, but difficult to follow. Especially in the early stages, when you just started your way to the biggest goal of millions of people is, financial freedom. Your goal in the beginning, is to develop the habit of saving money. Let it be small, but do it consistently. Being rich is first of all a discipline!

Poor people save to increase expenses. Rich people save to increase savings (capital which will be invested later to generate passive income).
Hope it's clear - poor people waste the money they saved to buy something extra. Rich people keep what they saved.
Never spend more than you earn! Don't play catch up!
If you make some fast money don't try to go to the luxury ladder. Don't buy things that go down in value, what do you wanna leave after yourself for the next generation? An old watch, a used car, or financial freedom?
Delay gratification by 10 years, wait for 10 years, see how it goes, if you are 10 times richer from now then GO - buy yourself a nice car! Investing in that car now, is stealing from your future. Don't hurry to appear rich if you aren't!


Let's save time and millions wasted on failures (lessons) and learn from those who have already gone through this and shared the knowledge — billionaires, successful entrepreneurs, great investors. Everything I tell based on the knowledge I got from my teachers — @WarrenBuffettquote @therealkiyosaki @thebriantracy R. G. Allen, @TonyRobbins and my own experience, I share only those things, which worked for me.

Financial freedom is only available if you spend less than you earn, there is no other way.

There are two big mistakes while investing (both passively and actively), fear and greed. That's why you need to decide for yourself what's more important to you, desire to make more money, or fear to lose money.

If you don't invest, you never get capital. You'll get passive income, and when you get retired you'll make yourself live for fixed income from a pension fund.
The only thing that is left, is costs/expenses. No capital, no passive income. Make sure that besides the excitement of making money you can also earn the wisdom of not losing it!

There are certain skills that you need to master, it's a foundation for your wealth. The foundation must be deep. The greater the wealth you want, the deeper your foundation needs to be dug.
The foundation of personal finance is how to manage the money you bring into your life. We've never been taught how to deal with it.
No teacher teaches you how to deal with money to become rich, right? Neither the school nor university gives this knowledge because the teachers are employees(!), and they also have never been taught how to:
• get wealthy;
• manage income;
• control costs;
• save and invest;
• make money grow and work for you;
• create multiple streams of income; and the most important
• protect your wealth and
• save in for the next generations!
• they don't have financial plans for their lives, etc.

Protect your assets by how you legally organize your wealth from people who try to steal it. Besides that,
You also need to take care of an emergency case, if you are investing, all your data (passwords, accounts, wallets, emails, etc.) has to be secured.
There should be an inheritor, the person you trust, so all assets will be saved and stay in good hands. The person who will have all the data access. It can also be a third party, a lawyer who will give all the information to the inheritor when it will be needed. Don't let your legacy disappear.

The book I recommend you to read to dive deeper into this topic:
⠀James Hughes — "Family wealth";
Family Wealth isn't just about keeping money in the family. It is also a guidebook that helps families successfully manage their human and intellectual capital. By showing family members how they can make sound financial decisions with love and forethought, Hughes presents practical ways they can benefit others beyond their lifetime.
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