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

Manage Real Estate Risk by following these 4 simple rules. Real Estate can be inherently risky, especially when leveraging with debt. AJ breaks down the simple strategies he uses to manage real estate risk! 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=faz3kegjQjg

A 401k is one of the QUICKEST and EASIEST ways to build wealth. So why are these fancy suits trying to stop you from taking advantage of this great retirement tool? AJ breaks down the misconceptions an then attempts to explain why these guys might be pushing these lies. 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=zE0ns1wpvYc

Dave Ramsey, on the Ramsey Show, says it's a risk to carry debt on your home and you should be paying it off early. Even if the math works to keep the debt, and you can handle the payment, and you have a lot of backup cash, and there is basically no risk at all. AJ breaks down how Dave refuses to answer the question and refuses debt in all cases, even if it makes sense. 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=fnmP-SIBPVA