Why You Should Never Do These 5 Things If You’re Trying To Be Wealthy #makemoremarbles #financial

Never do these five things if you're trying to be wealthy. Number four will change most people's lives. 1. Never invest in individual stocks as your primary investment vehicle. You want to match the market returns and 96% of professional hedge fund managers do not outperform the market. If the professionals with huge teams and billions of dollars and all the best data mostly can't do it, then what makes you think that you can? Luckily, you don't have to. You can buy index funds instead. 2. Never invest in something you don't understand. Investing in something you don't understand is like trying to fly a fighter jet with no experience. It might be fun at maybe even a little exhilarating, but you're almost guaranteed to have a crash landing. 3. Never keep cash in a regular bank account outside of your emergency fund and short term savings goals. Invest that cash. Get it working for you. 4. Never avoid investing small amounts of money or waiting for some other time when you have more money. Investing small amounts of money paired with time can grow into very large amounts of money and you got to start somewhere. If you're not going to invest 10% of $100, how are you going to invest 10% of a million dollars? 5. Never carry a balance on a credit card. Credit card debt can absolutely destroy your wealth building ability. Make sure you pay off your credit card every month. That's it man. I rarely deal in nevers, but it seems to sink in better for some people this way. So what do you think of these five never rules? Comment below and let me know.