July 23, 2024

“Before we learn to invest to build wealth, we have to learn how to save. If we want to grow rich on a middle-class salary, we can’t be average. We have to sidestep the consumption habits to which so many others have fallen victim.”

4:27 PM

“• They should have enough money to never have to work again, if that’s their choice. • They should have investments, a pension, or a trust fund that can provide them with twice the level of their country’s median household income over a lifetime.”

4:30 PM

“If John builds an investment portfolio of $2.5 million, then he could feasibly sell 4 percent of that portfolio each year, equating to roughly $100,000 annually, and never run out of money”

4:35 PM

“the majority of energy and resources are put toward activities in the 80 percent, not the bottleneck, which is why most business are growing linearly not exponentially. Most businesses are 2x at best, not 10x”

1:01 AM