Wealth is as much psychology as it is math. We can build spread sheets and calculators until we are blue in the face, but they mean nothing if aren't doing the things necessary to make those calculations work. In this episode of The Wealthy Idiot Show, AJ explains his top 8 principles that helped him start to get his wealth journey on the right track. Check out our COMPOUND INTEREST CALCULATOR as described in the show: https://www.wealthyidiots.com/calculators/compound-interest Social Media: https://www.facebook.com/wealthyidiots​ https://twitter.com/WealthyIdiots​ https://instagram.com/thewealthyidiots The Wealthy Idiots Website: https://www.wealthyidiots.com​ SHOUTOUTS AND RESOURCES: 1. Grant Cardone - https://www.youtube.com/user/GrantCardone 2. Meet Kevin - https://www.youtube.com/user/KevinPaffrath 3. Graham Stephen - https://www.youtube.com/channel/UCV6KDgJskWaEckne5aPA0aQ 4. Dave Ramsey - https://www.youtube.com/user/DaveRamseyShow Join Webull and get 2 FREE STOCKS after you transfer $100 or more: https://act.webull.com/promotion/invitation/share.html?inviteCode=YGUxWYdsbWwj Show Notes: 1. Spend your money - Grant Cardone 2. If you chase money, you'll never have enough. If you chase wealth, you will always have money - Meet Kevin 3. If you have free time, there is more you could be doing - Graham Stephen 4. A successful person is humble enough to ask questions - Grant Cardone 5. Investing is a basic necessity - Dave Ramsey 6. “Luck Is What Happens When Preparation Meets Opportunity" - Roman philosopher Seneca 7. "Perfection is the enemy of progress" - Winston Churchill 8. The Jones's are not the base level of a proper middle class lifestyle - AJ and every personal finance guru ever Note: Most of these concepts are not quotes. They were concepts learned by listening to the people attributed to the ideas. ... https://www.youtube.com/watch?v=P2Xl9sd2TVA

You won't want to miss this big Investing Tax Trick! There are only two things we know certain in this world...Death and Taxes. We all know that we have to pay capital gains tax when we sell an asset. However, this one trick may save you from paying any taxes at all when investing! And it has never been more applicable to investors than in todays economy! The Wealthy Idiots Website: https://www.wealthyidiots.com​ Social Media: https://www.facebook.com/wealthyidiots​ https://twitter.com/WealthyIdiots​ https://instagram.com/thewealthyidiots Join Webull and get FREE STOCKS {Details in Link}: https://act.webull.com/promotion/invitation/share.html?inviteCode=YGUxWYdsbWwj 00:00 Introduction 00:48 Economy isn't super healthy 01:39 Avoid paying taxes 02:49 Tax Loss Harvesting 05:07 You can use Tax Loss Harvesting with your W-2 Income 05:34 Example of tax loss harvesting 07:58 Things to watch out for when Tax Loss Harvesting 09:15 Conclusion ... https://www.youtube.com/watch?v=4aZmpdC3-6g

The Wealth Mindset is more important than people give it credit for. Becoming wealthy is equal parts knowledge and mindset. In this episode, AJ covers the 5 mindsets that wealthy people use to take them to the next level. The Wealthy Idiots Website: https://www.wealthyidiots.com​ Social Media: https://www.facebook.com/wealthyidiots​ https://twitter.com/WealthyIdiots​ https://instagram.com/thewealthyidiots Join Webull and get FREE STOCKS {Details in Link}: https://act.webull.com/promotion/invitation/share.html?inviteCode=YGUxWYdsbWwj ... https://www.youtube.com/watch?v=VY43W2agqVY

AJ explains what to avoid when looking for Real Estate to invest in. The Wealthy Idiots Website: https://www.wealthyidiots.com​ Social Media: https://www.facebook.com/wealthyidiots​ https://twitter.com/WealthyIdiots​ https://instagram.com/thewealthyidiots Join Webull and get FREE STOCKS {Details in Link}: https://act.webull.com/promotion/invitation/share.html?inviteCode=YGUxWYdsbWwj ... https://www.youtube.com/watch?v=2Lsx2fb0c5Y