Why I Stopped Spending Money

"78 of professional athletes in the NFL are either bankrupt or in financial stress within just two years of retiring and sixty percent of NBA players file for bankruptcy within five years of retiring"

"your chance of staying there for at least ten years is one in a hundred That's right only 1 percent of the one percent will actually be in the one percent for more than ten years"

"I'll only spend the money that my investments make me and that's it This started as two thousand dollars a month in 2012 from rental properties that I had bought after four years of working as a real estate agent and today it encompasses rental income dividend income capital gains and income from the projects I'm involved in each year this earns a little bit more than the last and this allows me to slowly increase my lifestyle in a way that's sustainable"

"this is at the core the teachings of the financial Independence retire early Community it really doesn't matter how much money you make instead the number to focus on is how much that money will make you indefinitely if you invest it and that is how much could sustainably be spent"

"if someone is able to save even invest twenty thousand dollars a year that shouldn't be seen as twenty thousand dollars instead that's an extra eight hundred dollars a year that could be spent indefinitely from investing that money"

"I've begun to Outsource the tasks that allow me more time to focus on the higher yielding Ventures for example I've hired a cleaning crew to come once a month to clean the house I'll order doordash the nights that I know will be working late I paid extra to board early on Southwest flights so I could spend more time making thumbnails I've also hired a full-time editor Alex... along with help on the iced coffee Hour podcast to make sure everything is running as smoothly as possible even though these were all things that I used to do myself taking a step back has allowed me to see the bigger picture and make more money"

"money is really just about giving you options it's the option to pursue what you enjoy the most it's the option to Outsource the tasks you no longer enjoy it's about the option to focus your time on what means the most for you"

"I think you'll find that once you could reasonably afford almost anything you want the desire to own those things just magically goes away"

"don't sit there earning twenty thousand dollars a month from the anchor protocol thinking it's going to last forever don't expect that you've hit a lucky break with your social media marketing agency and expect those clients to stick with you for the next 40 years realistically it just doesn't happen without a considerable amount of ongoing work on urine"