I talk about Personal Growth, Management, Infrastructure and More | C-Suite Executive | Mentor, Coach, Strategic Consultant | Real Estate Investor | 👇JOIN +2k readers 👇
Know the limits of what you can do
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If your only plan to improve your finances is cutting expenses, you’ve got a big problem. Not because it’s a bad plan—it’s not... If you’re wasting money on unnecessary crap, the first thing you should fix is exactly that. But… The problem is purely mathematical, and I love maths. Cutting expenses has a limit. ​ If you make 3.000 euros or dollars or whatever per month and save 500… You may be able to save 200 more. If you turn off Netflix, maybe 215… If you cut Amazon Prime, maybe 300 And if you turn the lights off and use candles, maybe you arrive to 1.000 in total savings. ​ At some point, there’s no more room to cut, and saving an extra 50 requires a massive sacrifice… like giving up coffee and things like that. ​ It just doesn’t make sense. ​ That’s why, if you don’t want to fall into the most extreme penny-pinching lifestyle, your focus shouldn’t be on saving more—but on earning more. ​ Because unlike cutting costs, increasing your income has no limit. ​ And the best part? Even small increases make a huge difference. If you go from earning €3.000 to €4.000, for example, here’s what happens: ​ ​ This is so obvious that you might think I’m insulting your intelligence, but no matter how much we debate saving strategies, the truth is simple: Cutting expenses is fine and necessary, but the real key to financial well-being is making more money. Make. More. Money. ​ And if anyone tells you otherwise, they’re lying to you. ​ Life only happens once, and it should be lived well. ​ Not with absurd luxuries, not with reckless spending—but well. ​ And as far as I know, that requires money. ​ My plan to help you make it happens, right here: ​Is this piece of real estate a good investment? - Price $29.90​ ​ PD 1: If you liked this email, don't keep it in secret and forward it to a friend. They will thank you enormously one day. PD 2: If somebody has sent you this email and you want to receive emails like this yourself, visit vicentevalencia.com PD 3: If you want unsubscribe, click the link below. ​ ​ |
Vicente Valencia
I talk about Personal Growth, Management, Infrastructure and More | C-Suite Executive | Mentor, Coach, Strategic Consultant | Real Estate Investor | 👇JOIN +2k readers 👇
In a recent interview, an expensive consultant… those that charge you for their offices in the middle of Manhattan and all the MBA fees of the Ivy League graduates, responded the following on TV to this question: “Are there some main causes behind startup failure?” The answer was: “Yes. There are.” Which ones? No market need – 42% Ran out of cash – 29% Not the right team – 23% Got outcompeted – 19% Pricing/cost issues – 18% Poor product – 17% Flawed or missing business model – 17% Poor...
Last week, I got quite sick. Small children. Viruses. Usual suspects. My body wanted bed, and this is what I did… But… I could have been watching Netflix. Or worse… The TV… If I knew how to get the channels. Instead, I completed a couple of courses I had bought and were still pending. Perfect reset. New ideas. One of these courses is by Matt Gray. And I loved what he said about obsession. Anyone that has achieved a decent level of success in life has some sort of obsession. You can think of...
One of the “interesting” things about having sat at all four corners of the table, and having done so in several countries, is that you start comparing. Yes, I know. It’s a Spanish sickness. We like criticising more than we like evading taxes… or voting for politicians who do. I can’t escape my genes, no matter how a Kiwi I've become. You compare. And sooner or later, you reach a painful conclusion. Especially now that I live in the paradise of the South Pacific. Nations led by builders build...