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You can’t afford to be financially illiterate

Sep 2, 2024
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Understanding the importance of financial literacy is a journey many entrepreneurs embark on. In my experience, reaching six figures in revenue marked a significant milestone, but it wasn’t synonymous with building wealth. Like you, I realized the need for financial literacy.

Navigating the intricacies of wealth creation is challenging when you lack resources and guidance. Peer discussions often revolved around business operations and making money, but rarely delved into future planning like trust and estate considerations.

I too grappled with an old mindset, investing cash into a safe at a storage facility I still was struggling with the mentality of a street hustler.

It wasn’t until a slowdown forced reflection that I dove into financial literacy, realizing the wealth of information available. Learning about stocks, becoming an owner in other companies, and refining tax strategies were eye-opening.

While hindsight reveals missed opportunities, it’s crucial not to be too hard on oneself; it’s all part of the learning process. Your challenge to explore how to invest $100,000 and later $1 million is the homework for you. You need to be very clear on how and where you will put that money to continue to make money. There’s nothing worse than having the money and not knowing what to do with it.

The goal is to create passive and portfolio income, allowing money to worfor you while you sleep. Let’s embark on this journey of financial literacy together, making informed choices that lead to lasting wealth.

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