I've read a ton of books about finance and money. Most of them suck. They suck for entrepreneurs that is.
For the typical person, I suppose they're great. But entrepreneurs aren't typical. We're different.
RRSP's, 401k, life insurance, pay yourself first, household budgets, drinking less latte's, etc. All great advice. But in my mind the most important thing is often overlooked in these books:
Make more money.
That's really why we read these books isn't it? Sure, we want to make sure we have enough for retirement and leave enough for our loved ones, but us entrepreneurs want more don't we? We think bigger. We make meaning.
My goal in life is not to be filthy rich. Really, it's not. What I want is to design the lifestyle I want for myself and for my family. But for that, I need financial independence.
When you have a goal, it's a good idea to study extreme examples of people who have met and surpassed the very same goals with the thought that what works for them, will work for you. If your goal is to be physically fit, study and mimic world class athletes. You may not attain their level of success and you may not have any desire to. But at least you are assured of a winning formula.
It's the same with financial independence. Find examples of people who have made it. What did they do to achieve it? When was the last time any of them saved their way to financial freedom? I'm not saying they're all flippant with their money. I'm sure the millionaire's next door are very wise with their spending. But I can guarantee you that their first priority, even before retirement saving and household budgeting, is making more money.
Why is the obvious so often neglected? Make more money. Tell me how to do that. It's should be lesson one, priority one in every finance course.
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