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My advice to a friend
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Last week I met a friend. Talking about life and business, he told me his case. As I don’t know if he is in this newsletter, let’s say that his name is James. ​ James is a good professional. He makes good money. He gets regular raises, even bonuses. But he feels that he’s not making progress. ​ He is in debt. A big house. A nice car. Regular holidays. A little bit addicted to not having at 0$ his credit card. ​ With every promotion, there is a disappointment about the extra work, extra responsibility and less time… for just a little bit more of money. With every raise, more expenditures are coming. With every announced bonus, as a government, the money is spent before coming in. All money after taxes, by the way. He cannot pay himself first… first he pays the government, and whatever is left is to pay bills and mortgage… he is paid last, even if he thinks he’s not doing that. ​ At the end, I recommended him to read Rich Dad’s Guide to Financial Freedom by Robert Kiyosaki. “Sit down and map out a plan to get control of your spending habits. Minimize your debt and liabilities. Live within your means, and then expand your means. Find out how much money invested per month, for how many months, at a realistic rate of return it will take to reach your goals of retiring, creating cash flow, and gaining financial freedom” ​ This is not advice for life, but also for work and general happiness. If you need a buddy to give you a hand with your plan, book me below.
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Vicente Valencia
I talk about Personal Growth, Management, Infrastructure and More | C-Suite Executive | Mentor, Coach, Strategic Consultant | Real Estate Investor | 👇JOIN +2k readers 👇
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