In my 20s I thought:

• Big house

• Expensive cars

• Expensive watches

• Name-brand clothes

= Wealth

In my 30s I realize:

• Healthy lifestyle

• Control of your time

• More time with family

• Multiple income streams

= True Wealth

Life is about so much more than money.

The Sopranos owned this home on a single salary from a husband who didn't graduate college.

This was considered normal in 1999 when the show began.

Ryan Reynolds is one of the top private equity investors in the World.

He sold Mint Mobile for $1.35 Billion to T-Mobile.

He Sold Aviation Gin for $610 Million to Diageo.

No job is worth your mental health or well-being.

You deserve to wake up feeling happy and at peace.

Profit and Loss:

Don't let a job steal your life.

Layoffs this year:

• UPS: 12,000

• FedEx: 12,000

• Google: 12,000

• Amazon: 27,000

• Walmart: 12,000

• Citigroup: 20,000

• Microsoft: 10,000

• Meta (Facebook): 21,000

• Twitter: 50% of employees

• Peleton: 20% of employees

• Coinbase: 25% of employees

• Snapchat: 20% of employees

• Robinhood: 31% of employees

Job security is an illusion.

Never feel guilty about leaving a job for a better opportunity.

Google is FREE.

YouTube is FREE.

ChatGPT is FREE.

Podcasts are FREE.

The Library is FREE.

Knowledge is everywhere.

Start learning and earning.

Your future self will thank you.

ChatGPT prompt ideas for SWOT Analysis:

Companies people don't stay at for long:

Google: 1.1 years

Facebook (Meta): 1.6 years

Apple: 1.7 years

Amazon: 1.8 years

Microsoft: 1.9 years

Tesla: 2.0 years

Would you work at any of these companies?

I used to be impressed by people living in big mansions or driving flashy cars.

Now I admire people who can wake up and do whatever they want or travel whenever they want.

Time freedom & location freedom > Possessions

18-year-old: I'd like to go $300,000 in debt for a college degree

Bank: Excellent, sign right here.

18-year-old: I'd like to borrow $60,000 for a car loan

Bank: Yes, here you go.

18-year-old: Can I also get a home mortgage?

Bank: No.

18-year-old: Can I also borrow $5,000 to start my business?

Bank: No.

Make it make sense.

People who locked in a 3% mortgage for 30 years

Entry-level jobs should require 0 years of experience.

Not 1 year. Not 2 years. Not 3-5 years.

3-5 years of experience are for Managers.

5-7 years of experience are for Senior Managers.

8-10 years of experience are for Directors.

10+ years of experience are for VP's.

The purpose of entry-level jobs are to jump-start one’s career.

Agree?

I never use debit cards.

Credit cards save me thousands of dollars with:

• Reward points & cash back

• Raising my credit score

• Fraud protection

• Travel protection

• Airport Lounges

• Price protection

• Free insurance

• Warranties

If you pay your credit cards on time, and in full, it's "free money".

Do you consider credit card points to be passive income?

Good people don't quit jobs, they quit bad managers.

Real wealth is not:

• Big yachts

• Private jets

• Luxury cars

• Giant mansions

Real wealth is:

• Sleeping in any day you want

• Spending quality time with family

• Watching a movie on Friday at 2 pm

• Going for a walk on Monday at 11 am

High School should teach:

• Taxes

• Investing

• Negotiating

• Real Estate

• Entrepreneurship

• Personal Finance

• Financial Planning

What would you add?

You will never build wealth with a high-yield savings account.

A HYSA is great for your emergency fund, but you need to invest.

Since 1928 the S&P 500 has returned 11% annually (with dividends reinvested)

No savings account can beat investing long-term.

You can’t "save" your way to wealth.