Refresh this page to randomly rotate these finance tips and thoughts from Mike on money.
Mike’s Finance Tips
You can choose to INGEST a $2.95 coffee per day or INVEST that $2.95 daily and instead of spending $43,000 on coffee over the next 40 years you could have earned more than $175,000 by investing. Assuming 6%/year 😮
“Beware of little expenses. A small leak will sink a great ship”
Mike’s Thoughts on Money
Most people sell their time to get a paycheck. And then they spend that money to buy the material things they want, forcing them to sell their time again, to get another paycheck. It’s a cycle they repeat every month.
Rich people on the other hand, use the money they make to buy assets that generate more money, which allows them to enjoy more free time, since their money makes money.
The takeaway: Rich people buy assets (stocks, real estate, businesses, and startups), poor people buy liabilities (cars, houses, bling, and gadgets). These are things that don’t pay you.
Disclaimer: This finance tip was written for educational and entertainment purposes only. This is NOT financial advice. Always do your own research and please consult with a licensed attorney before making any serious investment. We are not responsible for any investment decisions that you choose to make.