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The Daily Motivation

Do THIS To Multiply Your Income | Dave Ramsey EP 206

The Daily Motivation

Lewis Howes

Education, Self-improvement

4.8893 Ratings

🗓️ 1 April 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

http://www.lewishowes.com/mindset2023 - Order a copy of my new book The Greatness Mindset today! Dave Ramsey, Entrepreneur and Best-selling Author discuss the strategies you can use to multiply your income. Check out the full episode: https://link.chtbl.com/1415-pod Sign up for the Greatness newsletter: http://www.greatness.com/newsletter

Transcript

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0:00.0

Hi my name is Lewis Howes and welcome to the Daily Motivation Show.

0:07.0

I firmly believe that taking charge of your mindset allows you to be in the driver's

0:14.9

seat of your life and unlock your potential and that's why I'm thrilled to share that my

0:19.5

new book is out right now. It's called The Greatness Mindset. In it you'll learn how to build a

0:25.3

plan for greatness through powerful exercises and toolkits designed to propel your life forward.

0:31.6

This is the book that I wish I had 20 years ago.

0:34.7

It's everything I've learned in the last decade

0:37.1

with the research and the science

0:38.5

to help you unlock your mind.

0:40.4

Make sure to go to Lewishouse.com slash 2023 mindset to pick up your copy of my book The Greatness Mindset today.

0:49.0

Savings are short-term investing is long-term. You should have an emergency fund personally of three to six months of expenses, the standard rainy day fund.

0:59.0

Pass that you need to save up and pay cash for whatever you're purchasing, So you've got a car purchase in your future.

1:04.2

And then past that, everything else would go

1:06.6

to investing.

1:07.6

Because basically, one saving is for protection,

1:10.8

the emergency fund and the others for purchases to avoid debt paying cash for my car

1:14.8

paying cash for my couch paying cash for my trip and then long-term saving items obviously

1:19.9

retirement kids college general wealth building. Then I get into at our level, we get so

1:26.4

much over in the investing pile. A lot of it is not for 30 years from now, a lot of it is

1:31.2

for six years from there. So I'll throw money over into a

1:34.0

mutual fund until I use it to buy a piece of real estate. Number one, never

1:37.4

invest in something you don't understand. Number two, you should always have an

...

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