Dr. Noah St John recommends tracking every expense in a spreadsheet to find money you're already spending. Cut the unnecessary stuff, then invest in education to increase your earning power long-term.
Hey, Dr. Noah, what's one action you can take today to build wealth without spending a dime?
Oh, I love this question because one action you can take today without even spending a dime that was going to really increase your wealth is to just track your spending. See, everybody's spending money right now, but most people don't know where their money's going. But millionaires are very good at tracking their spending. So I have a spreadsheet that shows where every expense is going, and then you can meticulously go through Every week or every month and just make sure that you're eliminating a lot of that unnecessary spending. See, the most important investing you can do is investing in yourself, right? Because that's why you gotta invest in your brain and in your own education, but you wanna eliminate unnecessary spending. So just that simple act of tracking your spending and then making sure you're doing smart investing is gonna pay huge dividends for you over the long run.
Thank you.
