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 👇
I have 4 airbnb apartments in Auckland. 3 perfoming well. 1 slagging. Quien no llora no mama or who does not cry, he is not breastfeed, or less literally, if you don't cry, you don't get fed. I sent an email. What’s going on? I’m disappointed. What I can do to help. In 48 hours or less, the calendar in the slagging apartment is full. No response, just facts. Like magic… back on track. This situation is not unusual. In my 20 years managing projects and people, I’ve seen this almost every day....
Codie Sanchez once explained that “If you want to know where future fortunes will be made, don’t look at markets; look at rooms” And she continued: “Wealth follows proximity. The closer you are to capital, information, and ambition, the higher your expected return. If compounding is the eighth wonder of the world, proximity is the ninth.” This is probably the best piece of advice I have received in the last 12 months. Economists call it agglomeration, the phenomenon where productivity and...
A couple of weeks ago, someone that I know commented this: “Vicente, I’m sick to death of my job… every Monday I feel like jumping out the window. And what it’s worse… now they want to reduce staff and I don’t know what to do” She wasn’t exaggerating. And from what I understood, it wasn’t the first time she’d said — or thought — something like that. And surely not the last. Built-up exhaustion. Unpaid overtime. A boss who confuses “leading” with being a pain in the ass. And a salary that...