How to be Wealthy

[successtipswithphil]

The life of your dreams is very achievable. Have passion, a goal, and belief.

[Shofi.]

Iam 17 and Patric videos are changing my life ❤

[clarkbolding]

The savings of a person can effect the way the brain is wired for either scarcity or abundance. If you're always living in scarcity you'll never be happy

[andreanni]

Episode #50 - "Your savings affect your physical well-being and self-confidence. A man without savings is always running. A man with savings can walk tall."

[averywade]

As a 17 year old, the idea of this video makes me very confident that I can start off with great savings that will in turn give me more confidence.

[arx]

Exceptional reminder. I look forward to filling each bucket.

[Iamonlymeandnoother]

Great video, I honeslty thought you were going to talk about how being wealthy has nothing to do with money but these ideas you gave us can work wonders if implemented well. I also have three buckets in place which I recently started to fill. These are: the security bucket, investment bucket and a dream bucket. In addition to this I'm also saving up 6 months worth of cash for any emergencies.

[rafizxDx]

Build a safety net for yourself. You'll feel less anxious and feel a ton better

[jainilpatel]

Lesson 49 | How to be wealthy
- There are 3 areas to look at with savings:
1. Short-term (0 - 1yrs)
• Emergency funds
- Save a minimum of 12 months of cash (Income = $3000, Savings = $36000)
2. Mid-term (1 - 10yrs)
• New home, business, school/skill, credit score
3. Long-term (10yrs +)
• Retirement, savings, travel

> Take out a sheet of paper, start discussing with your family your goals and put a plan in place

[edwardvallejo]

Having a savings plan in place can help someone walk with self-confidence. They know that in case of an emergency they will have the funds to be able to survive. Without a savings plan in place the person will take any opportunities offered because they have nothing to lose.

[alionabiss]

I was thinking about it today. No one could say that money don't mean in anything.

[johnrolfson]

Lesson: There are short term, midterm, and long-term savings. Each must be addressed and built up. When we save, the benefits include self confidence. When we don't have money we are desperate and anxious. Saving money can take those feelings away and improve our quality of life through confidence.

[matejmezera]

if we save money we will become probably more confident and less stressed:) it must feel good!

[Ispeakfactz]

What was your netwoth during this video? It's around 90 millions u said now.

[yvonneruvinski]

Have 12-months-savings for emergency set aside. Separately, have a mid-term investment account. Last but not least, have a retirement plan. Implementing this will leave you calm and relieved. "Take waste out of your spending; you'll drive the haste out of your life."

[rjg]

studylog: 1/1/18 1533 Savings goal write-ups.

[walktheglobe]

Good talk! but are you sore throat? ;D

[germaintremillon]

PBDSRTW how do you balance your investment/saving when your savings are essential to create and grow your first business for the first few years?