Today we are going to learn more about how get rich from a person who has made a lot of money
Before we start, let’s check some vocabulary
The first phrase that I like was “you are better off”
|You are better off keeping things simple|
|You are better off not knowing|
|You are better off not asking questions|
|You are better off without me|
The second phrase that “I am about to”
|I am about to tell you something important|
|I am about to do something crazy|
|I am about to make your day|
|I am about to teach a difficult subject|
The third phrase that “I remember“
|I remember looking at cars|
|I remember locking the doors|
|I don’t remember losing my glasses|
The fourth phrase are phrases with get
The fifth phrase is “It is like”
|It’s like collecting art|
|It’s like collecting baseball cards|
|It’s like collecting shoes|
|It’s like playing video games|
Video: Mark Cuban’s Guide to Getting Rich
Hi I’m Mark Cuban and I’m about to give you some advice on how to be just a little bit richer than you are today
How do you get rich?
Rich is all relative, so there’s certain things you need to do in order to put yourself in the best position to be rich.
The first thing you need to do is live like a student, when you get that first job, that’s really cool I remember looking at cars and think “I want this car”, fortunately I kept my junker.
Number two, you shouldn’t use credit cards, I remember bill collectors calling me every two minutes, you’re better off using a debit card when you need to, just don’t use cash.
Number three is save up six months income if you don’t like your job at some point or you get fired or you have to move or something goes wrong, you know you’re gonna need at least six months income
Then what I would do is probably put it into the cheapest SPX, that standard Poor’s mutual fund that I could find
If you’re a true adventurer and you really want to throw the Hail Mary, you might take ten percent and put it in Bitcoin or Ethereum, but if you do that, you’ve got to pretend, you’ve already lost your money and it’s like collecting art, it’s like collecting baseball cards, it’s like collecting shoes, you know something’s worth what somebody else will pay for it, it’s a fire but I’d limit it to ten percent.
It’s so hard to make a return on regular investments that you’re better off when you see a sale, so for instance, if we are, hopefully, we’re all using toothpaste every day right, a couple of times a day and we’re going to go through to toothpaste every month whatever it maybe, you’re better off buying two years worth of toothpaste when it’s on 50% discount, that’s an immediate return on your money, any of your reusables consumables that you have to have when they’re on a huge sale on Amazon, buy them because chances are other prices are going to go up but that’s a real savings that you get to put in your pocket
Negotiate using cash, I tell people all the time if you’re out you’re gonna take a yoga class and they want to charge you $30 and say look I got twenty, you know what they’re gonna take it, negotiating with cash is a far better way to get a return on your investment
I used to love to walk through bookstores when there were bookstores everywhere and if there’s something that caught my eye and I thought it can give me one idea to spend $30 to give one idea that could help propel me make my businesses better, it was a bargain “the only investment guide you’ll ever need” by Andrew Tobias used to get me all fired up, I’ll read hours every day because all it takes is one little thing to propel you to the next level
Nice works: When you’re nice to people around you, when you’re caring, when you’re empathetic, you’re always going to get more results. Running a company is not easy, it’s hard but the one thing that you can control in life is your effort. Work hard
- Listen and read each piece of advice given by Mark Cuban
- Choose six of those pieces of advice
- Write at least two statements per every piece of advice chosen. The statements must be about something you should or shouldn’t do or something you will or won’t do
- Make sure the grammar is on point, share the sentences before 9:30 PM (Feb 25th) in the week #5’s forum in the UTN virtual campus
- Make sure the pronunciation is on point
- Record yourself, facing the camera and telling us your sentences.
- Upload the video to any cloud storage service and share the link before 9:30 PM (Feb 26th)