As a 25 year old teacher in a public school system, I get hired to teach high school summer ECON. I could follow the state guidelines but I don’t. I teach basic real estate, I teach financial literacy/banking, I teach loans and interest. I use myself as an example (my mistakes in college/money). Students always leave and thank me for insight...
continue investing my friends. Hope you all live long and prosperous lives. LETS GET THIS MONEY
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Its interesting when he said that we are afraid of making mistakes. I feel like this is the fundamental thing they teach children in school by giving them ds and fs for making mistakes. I feel like we have been socially engineered to fear mistakes becuase of how we were conditioned.
Learn the difference between assets and liabilities.
liability, if the cash is flowing out of your pocket
asset, if the cash is flowing into your pocket
3 kinds of income :
Earned
portfolio
passive
• Instead of saying "I can't do it", you should say "how can I do it"
• "If you learn never to work for money, you will be a rich man."
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