Evolution XX

How you grow your WEALTH?

You have to spend less money then you take in every year!

You have to spend less money on your living, on your buyings, mortgage, your transportation, food, cell phone plan, etc, because if you don't you can't grow your wealth, you always be broke which it will be optimistic because more then likely you probably always be in debt.

Most people today spend about 125% of what they are earning. You need to take a percentage and have to put it to work, growing your wealth, power of compounding / power of compound interest.

Decide now to live in X percentage of what you take in every week or every month.

You use that percentage and then use it to invest that percentage in 3 buckets.

Bucket number 1 - Low risk so usually means low return investments but almost all investments in this bucket have no risk at all then it means also low reward.

Bucket number 2 - Moderate risk, moderate return. In this bucket you can have real estate investments, stocks and investment funds.

Bucket number 3 - High risk but also have potential to high return. Mostly new emerging tech stock companies, it means high reward.

Depending of your profile and character you decide the % for every each bucket but never forget that bucket number 1 should have the biggest % because like that can never be lost the principal.

Then decide according your personality if you like more to take risks for example the percentages for buckets number 2 and 3.

Decide today to learn how the money system works that is designed to keep you in dangerous servant.

Have a great weekend and decide to be in GOOD mode ( Get Out Of Debt ).

- JM

Evolution XVII

Why you need to be free?

Debt is a prison and is best to escape as soon as possible!

To you become free you cannot spend more than you earn. Just as simple like this and you gotta commit on that right now.

To become free you cannot spend more than you take in.

To be free you need to be able to meet your own needs, mean you have to have your shelter, you need to have your food, you need to have your transportation, your medical care, your dental care, your eye care, you should be able to take care of your needs.

You should save at least 10% of your net income every month so you can handle occasional emergencies and if you became unemployed you should have aside enough money in the bank to pay for the expenses at least for 6 months.

To help you the best thing you can do every single month is a financial statement. 

You add all the debts you have ( every credit card, every student loan, every single thing ) put in one side. The other side the assets you have ( certificate deposits, savings accounts, retirement fund ). 

Add up all the debt, add all up the assets and see where you are.

Make more money by doing things you can do to add value and solve problems.

If you wanna to be free you need to create value to something or you solve problems to something and when you create value and solve problems people will give you money.

So like always just do life, be free and have a great weekend!

- JM