Money Prophet
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💸| Wealth Motivation & Inspiration
📈| Investment Tips
💡| Scalable Business Ideas for 2021
05/29/2022
Q: What drives you to make money? Is it family? Is it wealth? Is it to build a custom swimming pool full of cash like Scrooge McDuck? Comment your why! 👇🏾👇🏾
But… There’s 2 big steps in making money
The first is making enough that you can start minimizing the things you hate. Second is making enough to start maximizing the things you love!
People focus on Step 2 (lifestyle, cars, mansions, etc) but the real flex comes at Step 1🤷🏾♂️
I’ll forever say it… Savings accounts are a scam! 🗣🗣🗣
Paying folks an average of .03-06% while they trade your money on the stock exchange the same stock exchange you can or upset yourself in and make way more.
Open a brokerage account or IRA and throw that same amount in the S&P500 which historically performs at 11% - peep the difference 👀👀
05/05/2022
Show of hands how many were raised to believe that going to school would solve all of your problems ✋🏾
I'm a go out on a limb and say we all were
This isn't a problem however, as college was an idea taught to our parents as a way out so they only passed down what they thought would benefit us the most
Makes sense right?
Problem is the ceiling that student loan debt, low starting pay, and high costing cities places on you makes that degree more of a liability than a ticket out...
Now that a lot of us are parents it’s important we set our kids up for success the way out parents tried to with us but with a slight tweak to fit the current times:
College for:
📚STEM Fields
📚Medical Professions
📚Teaching
📚Law
Trades for:
🛠️Practical work
🛠️Labor Services
🛠️Mechanical
Business for:
💼Creative
💼Arts
💼People Facing
💼Product Sales
All of these paths make money and have $1 Million potential 💰💰
College shouldn't be a "waiting room" for kids that don't know what to do with themselves.
03/29/2022
I ain’t trying to tell nobody what to do with their money - but just because you make more does not mean you have to spend more.
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