To sum things up, bad debt is borrowing money to buy liabilities while good debt is borrowing money to buy assets. This knowledge is one of the key factors that separate affluent individuals and everyone else.
Levi has always been a class clown. He learned how to use that to his advantage and turn it into a business.
In this article, I will be trying something new. Everything here is my own opinion & experiences and isn’t backed by any research. This is why you should be actively listening to and seeking advice from your elders.
The shortening of our attention spans are transforming the way we consume media, and Tik Tok has capitalized on this change.
“My thing is related to who I am as a person,” he says. “The clothes are an extension of me. The music is an extension of me. All my businesses are part of the culture, so I have to stay true to whatever I’m feeling at the time, whatever direction I’m heading in. And hopefully, everyone follows.”
Can you imagine earning six figures working for Tesla only to quit to try and start your own business? Carl is that crazy man who quit his job at Tesla. He was a very successful employee at Tesla but now earns millions a year through his own company.
There are two types of people in this world: Consumers and Producers. Which one are you?
These six basic needs make us tick. They drive all human behavior, and they are universal. We all have the same six needs, but how we value those needs, and in what order, determines the direction of our life.
Theodore Johnson worked his way up the newly formed USPS company in 1924. He was no prodigy or even an executive – Theodore worked in the personnel department. He never earned more than $14,000 a year, but he had a net worth of over $70 million.
An expert learns skills which they can use to exchange their time for money. An owner, on the other hand, goes out and creates or buys assets that earn them money even while they sleep.
Economic Motivation 