14/03/2022
A simple lifestyle doesn’t mean you don’t enjoy life.
FOLLOW THIS SIMPLE RULE TO BUILD WEALTH
I bike every morning.
I love the exercise.
My only problem is that it makes my skin dark.
But that’s okay.
I’ve long accepted that I’m Tall, Dark, and, uh, Happy.🤪
I bought my bike for P20,000.
That’s cheap if you compare it to high-end bikes.
Expensive bikes sell for the price of a small car.
No joke.
Can I afford to buy a high-end bike?
Yes.
But did I buy? No.
Because I follow one simple rule:
“Grow your INCOME exponentially,
Grow your EXPENSES incrementally.”
If you follow this rule, you’ll wake up one day and say, “I’m financially free!”
What is Financial Freedom?
When your passive income from your investments is more than your monthly expenses.
Because of this, you’re free not to work anymore.
(I’m financially free, but I still work because I want to give more.)
Let me break it down this simple rule:
1) GROW YOUR EXPENSES INCREMENTALLY
You have no choice.
Your expenses will grow over time.
Because your responsibilities grow over time too.
But let your expenses grow SLOWLY.
How? KEEP YOUR LIFESTYLE SIMPLE.
So that at least 20% of your income, you faithfully invest.
Hey, a simple lifestyle doesn’t mean you don’t enjoy life.
I enjoy my little pleasures.
For example?
One day, I’m going to upgrade my bike.
I’m sure it still won’t cost the price of a car.
But I’m going to make it a nice reward.
I’ll buy it AFTER my investments reach my next goal.
2) GROW YOUR INCOME EXPONENTIALLY
Exponential doesn’t mean fast.
In fact, the exponential curve starts very FLAT and SLOW.
Like nothing is happening with your investing.
But after some years, your investments hit a tipping point.
And VABOOM!
Your money goes up like a rocket ship.
That’s what happens when you invest in great companies in the stock market for 10 to 20 to 30 years.
Our problem?
We lack patience.😎❤️
PS. You can join my free financial webinars every Friday 6pm in Facebook.com/BrotherBoSanchez