15/03/2022
Payday reminder š¤
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 thatās okay.
Iāve long accepted that Iām Tall, Dark, and, uh, Happy.š¤Ŗ
I bought my bike for P20,000.
Thatās 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:
āGrow your INCOME exponentially,
Grow your EXPENSES incrementally.ā
If you follow this rule, youāll wake up one day and say, āIām financially free!ā
What is Financial Freedom?
When your passive income from your investments is more than your monthly expenses.
Because of this, youāre free not to work anymore.
(Iām 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 doesnāt mean you donāt enjoy life.
I enjoy my little pleasures.
For example?
One day, Iām going to upgrade my bike.
Iām sure it still wonāt cost the price of a car.
But Iām going to make it a nice reward.
Iāll buy it AFTER my investments reach my next goal.
2) GROW YOUR INCOME EXPONENTIALLY
Exponential doesnāt 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.
Thatās what happens when you invest in great companies in the stock market for 10 to 20 to 30 years.
Our problem?
We lack patience.šā¤ļø
PS. You can join my free financial webinars every Friday 6pm in Facebook.com/BrotherBoSanchez