These tips come from recent interviews with multi-millionaires about how they have accumulated their wealth.
How can you make them work for you?
Rent instead of buying your home. You should rent where you live and instead use the money you saved to put down to buy your home to invest. That way your equity is working for you and it's not trapped inside your home and earning nothing.
Frivolous expenditures only come from passive income. You should establish an investment vehicle that gives you passive income first. Then, spend from this income only!
Never pay full price for anything. Shop sales or clearance only. This means shopping for your essentials but also for your investments.
Make your goals bigger. Think really hard about your goals for every aspect of your life like salary, faith, investments, family, fun and multiply them by 10! You'll realize that this exercise will expand your mind and way of thinking.
Keep your expenses fixed while increasing your income. Look for jobs where you can earn commissions instead of having your salary fixed. Be good at sales.
Luis Salavarria is a multifamily real estate investor based in Houston, Texas. You can connect with him through this link https://linktr.ee/luissalavarria247
How a Brewery Owner Put His Business on the Map… for FREE!by Casey EberhartDaniel, the owner of a small, local brewery, faced a familiar problem: no one knew his business existed. Tucked away on a side street, his place was a hidden gem, and he couldn’t afford the expensive ads needed to get the word
Read MoreEngaging Your Audience with Effective Email Campaignsby Casey EberhartWhen Sophia launched her logistics company, she knew speed was important, but she soon realized communication mattered just as much. She shifted her focus from basic transactional emails to building relationships with every message.From Transactional to MeaningfulIn the beginning, Sophia’s emails were just for tracking and invoices.
Read MoreHow to Build a Brand That Stands Out and Sticksby Casey EberhartWhen Marco launched his event planning business, he assumed stunning venues and flawless logistics would be enough. But after his first year, clients loved his events but often forgot his company’s name. That’s when he realized a memorable brand was what would keep his
Read MoreGrowing Your Business with Smart Networking Movesby Casey EberhartWhen Maya, a real estate agent, first started out, she thought networking was all about collecting business cards. But her business coach gave her a new perspective: every handshake was raw material for her marketing. The real goal was to extract value from every event and share
Read MoreUsing Social Media to Boost Your Business Reachby Casey EberhartWhen Mark opened “Peak Performance Fitness,” he knew his new gym was up against big franchises with huge marketing budgets. His business coach gave him a simple directive: forget old-school ads and make social media his main marketing tool.From Broadcasting to CommunityAt first, Mark’s posts were
Read MoreNetworking Made Simple: Turning Everyday Chats into Business Winsby Casey EberhartWhen Julia launched her online print shop, she thought marketing meant big ad campaigns. But her business coach gave her a different idea: your best opportunities might come from the conversations you’re already having.From Formal Events to Casual ChatsJulia’s view on networking shifted from a
Read More