The Finance Newsletter by Andrew Lokenauth

The Finance Newsletter by Andrew Lokenauth

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The Finance Newsletter by Andrew Lokenauth
The Finance Newsletter by Andrew Lokenauth
25 powerful tips to build wealth (If you want to be better with money, read this) [Issue #3]
Money Mastery

25 powerful tips to build wealth (If you want to be better with money, read this) [Issue #3]

25 powerful tips to build wealth (If you want to be better with money, read this):

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Andrew Lokenauth
Nov 01, 2022
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The Finance Newsletter by Andrew Lokenauth
The Finance Newsletter by Andrew Lokenauth
25 powerful tips to build wealth (If you want to be better with money, read this) [Issue #3]
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25 powerful tips to build wealth (If you want to be better with money, read this):

1) Always consider opportunity cost. If you make $20/ hour:

• that night out isn’t $300, it’s 15 hours of your time, or 2 days of work

• that car isn’t $50,000, it’s 2,500 hours of your time, or 357 days of work

Time is your most valuable asset, don’t waste it

2) Surround yourself with mindsets which to help you grow, not hold you back. Create a network of friends who discuss opportunities to make money, not just spent it.

3) Get your credit score in order. Having a good credit score makes life a lot easier and will save you thousands! The higher your credit score, the more likely you will be approved for a loan. Your score helps lenders assess how much of a risk you are, in terms of paying back your line of credit. If you are a high risk, you will have a hard time finding a lender to let you borrow money.

4) Avoid lifestyle creep. Just because you start making more money, doesn’t mean you should spend more mo…

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