Be an Accountant of Your Own Life
Do me a favor: Go back three months and see what you have purchased with your discretionary income. What could you have done if you has used that income to invest in knowledge for yourself? Gather more ingredients and tools that come from external sources.
Your brain has been genetically developed and has the potential to give you whatever you want. On a side note I recently moved to LA and here is a picture of my local beach!!
KNOWLEDGE + MENTORSHIP = LIVE WHERE YOU WANT AND LIVE YOUR DREAMS!!!
Your job as a person and as an investor is to gather all the best ingredients (Knowledge) from external sources and stir it in to your own unique blend; that will come from reading books, being mentored, listening to audio, going to seminars, and traveling.
But to do this, it will require a decent amount of money, but on the flip side just look at how much money you will be making back in returns. There is nothing better than using your discretionary income to invest in skills that later on be used to make money and a lot more than you put in. Checkout the link below for a very affordable stock trading mentor, Jason Bond. Jason Bond allows you free access to his watch lists and trade updates if you sign up to his FREE email list.
Rules of Investing
- Do not invest in things that are rust, rot, and depreciate
- Big screen TV
- Fancy laptop
- Expensive trending brand name
- Expensive jeans
- New Car
- Car that you can’t afford
- Wiring in new subwoofer
- New rims
- Invest only in things that will worth later or that cause you to worth more later on
- Audio books
- Online courses
There are things that you can’t control as much, such as taxes, pay roll, rent, gas prices, phone bill, and insurances. But you can control things like the clothes you wear, car you buy, cell phone, and shoes. While you save your money, you use that discretionary income to invest in yourself to improve your skill.
Doubling Down on Your Brain and Having the Investors Mindset
Doubling down on your brain is to do less and invest less in the things that rust, rot, and depreciate, but to do more of what will give you value and invest in things that will either have more value or give you value later on. By dividing your spending patterns into 33% per section including personal expenses, investing in yourself, and what you want, will allot you to move forward and improve in and every moment. If you can, maybe even double down on what you want to 15% instead of 33% and put the other 18% into investing in knowledge and skill. If things are working for you, then keep doing and improving it.
The Ratio of Spending and the Law 33%
If your discretionary income is only a hundred dollars, you still have to divide the money pie equally into thirds, because the moment you spend too much in what want, that is the moment you become a slave not the master. Once your discretionary advances and the law of 33% is working for you, then keep doing it; push it to$300-$600 if you are make an discretionary income of $1,000. Keep doing it as you advance from $1,000, $10,000, $100,000, to $1,000,000 and make that your life.