Ch. 5 Two more hurdles: Ignorance and keeping up with the Joneses Flashcards
(11 cards)
What are the 3 biggest hurdles?
Denile
debt myths
money myths
the first step is to write down and identify …
the problem
Ignorance isn’t a lack of intelligence its a …
lack of ‘know how’
What should your actions represent?
it should represent that you care about learning more; what you don’t know will kill you. I.e. read at least one finance book a year and constantly practice financial security
what’s considered the 2nd hurdle?
peer pressure, cultural expectations, “standard living”
what do millionaires find motivation in?
financial security
what is needed for a money break through?
radical change
what should you stay away from, car wise?
car payments; drive reliable used cars
what does god return?
God returns things back to you when they aren’t your idol anymore
define insanity
continuing to do the same thing over and over again expecting a different outcome
change is painful but…
its worth it
