Timeless wealth creation principles in less than 3 minutes.

1. Invest early and often.

   The most common regret people tell me is not investing earlier. You’ll never regret investing too much into a broad-based index fund.

2. You can’t aim to build wealth with $2 thinking.

   The journey towards building wealth starts with the battle between your ears. The greatest financial investment is the one you make in yourself.

3. Cash is king.

   Save more money than you think you might need. Cash builds a fortress between you and your problems. I was able to quit my full-time job and work for myself because I had enough cash in the bank.

4. Compound interest.

   You all know what this is. Use it to your advantage. Acquiring assets makes compound interest your friend. Acquiring liabilities makes compound interest your enemy.

5. Renting out your time won’t make you wealthy.

   Your employer pays you the least amount of money possible. There are only so many hours of the day you can work. To become wealthy you must build or own equity through business.

6. You can get rich quickly, just not easily.

   IPOs and acquisitions can make start-up founders billionaires overnight. But it wasn’t easy to get there. Late nights, stress, and taking on lots of risks. Easy does not exist.

7. You don’t rise to the level of your financial goals.

   You fall to the level of your financial systems. Focus on building your financial system through a few key metrics: % invested every month, % saved in cash every month, and % spent every month. Then automate this system.

8. Saving your first $100,000 is the hardest.

   Not magically, but mathematically. Once you cross this threshold, you reach a tipping point where compound interest starts to work for you. Prior to this, most of the work is done by your savings rate.

9. Use your wealth to buy time.

   Forget a bigger house, fancy car, or designer clothes. Use your money to increase your freedom. Freedom gives you options. And options make you happy.

10. Ignore most trends. Ignore most advice. Ignore most people.

    Everyone’s got an opinion on what to buy and what’s the hottest thing on the market. Stick to your financial system while doing your own research and thinking.

11. Build multiple passive income streams.

    You can do this by acquiring traditional assets such as property, stocks and bonds. In the 21st century, you can create low-cost, no inventory online businesses or leverage platforms such as Medium, YouTube and Teachable to make money while you sleep.

12. Building wealth relies more on your financial trajectory than your current financial position.

    Remember that the process of creating and destroying wealth happens at the same pace: gradually, then suddenly.

13. Talent or hard work alone doesn’t make you rich.

    Ownership of your talent and hard work makes you rich. “Ownership is not the most important thing. It is the only thing that counts” — Felix Dennis, Founder of Maxim Magazines.

14. Money ONLY solves your money problems.

    After taking care of your basic needs, money stops giving you happiness. Recognize that the point of winning the money game is so you can stop playing it.

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