What are some facts that only rich people know? PART #1

millionairemark (49)in #money • 7 years ago (edited)

Paying yourself first is key.
Visualizing your end goal is absolutely necessary. Put it on a book. Send it out to people and ask for sound opinions. Refine your plan. Ask for more opinions. Always grow.
Just because you can do it, doesn’t mean you shouldn’t outsource it. In fact, if you’re doing the same thing twice, as a biz owner, you should outsource it. Saving $100, because you can do it yourself will cost you a lotta money.
Getting 10% extra profit is not worth it, and can be a huge mistake. Sometimes getting that extra profit / perfects costs you more, in terms of time, than not getting it. Think of how much you could accomplish on something else, with the same time invested.
Building passive income streams is the key. The sooner you do it, the (exponentially) better it will be.
Mistakes are awesome, but you must indeed learn from them.
It takes the right mindset to accomplish your goals, and the right mindset takes a lotta reading a lotta chatting with other people who have the same mindset.