The Money Game
20 Money Rules
- Money is a Game = The more you play the better you will get
- Don’t Be A Hater of Money = If you hate money money will evade you
- Double = Its about doubling your money the entire game
A. $1000 B. $2000 C. $4000 D. $8000 E. $16000 F. $32000 G. $64000 H. $128,000 I. $256,000 J. $512,000 K. $1,024,000 L. $2,048,000 M. $4,096,000 N. $8,192,000
Risk tolerance and Time Horizon - Seduction = Money doesn’t like desperate people, Money likes to be seduced. Don’t let money seduce you you seduce money
- Timing = Using information to determine your timing, of when you act
- Boredom = Money needs to be moved, money doesn’t like to be bored
- Secret Account = An account no ones knows about, a crisis account needs to be liquid
- First Class = Don’t fly first class till you have $10mill in the bank
- Compensation Plan = Study how you are taxed, understand it and utilize it to your advantage to grow your wealth
- See an End, Have an Exit Strategy, Chicken little Mentality = Learn to take advantage of Fear, and be liquid when the end comes
- POTUS/Politicians = Know who they are and study them their philosophies, etc If their philosophy is to tax you heavily you need to adjust
- Study smart investors = Don’t be too religious about them, learn their way of thinking, their mind set
- Play your game, don’t compare, don’t compete = In your doubles you are where you are and others are where they are, you will lose doubles by making reckless decisions
- Index = Achieve your goals, don’t worry about the index
- Befriend Money makers that you trust = If you around people who know how to make money you will make money
- Diversification is for Sissies = If you just rely on diversification the time may take extremely longer
- Leverage = How can you leverage to have more
- Positioning = Put your self in a position to be at an advantage, not a disadvantage
- Strategic Partnerships = Increases the value of making money, because more people are making money with you
- Big Check Syndrome = Don’t treat one big check as a major payday, treat is as a stipend over the course of each month. No matter how much you have is irrelevant if you don’t know how to play the money game.
