Billionaire Mark Cuban Said The First Step To Getting Rich 👇
"Save your money. Save as much money as you possibly can. Every penny you can. Instead of COFFEE, drink WATER. Instead of going to McDonald's, eat Mac and Cheese. Cut up your credit cards. If you use a credit card, you don't want to be rich," 🤐
His point? Every dollar unnecessarily spent is a dollar that could be working for you. If you're serious enough about building wealth, your priority should be SAVING as much MONEY as possible.
But where should that saved money go? Cuban warns against locking it away in long term investments like stocks or retirement accounts, at least in the EARLY stages.
"The first step to getting rich is having cash available. You aren't saving for retirement. You are saving for the moment you need cash." - This statement is very relatable when you see the dip and can't buy $BTC or $ETH
Like it or not - ‘Cash is King' for Ultimate Wealth Building - When the market crashes and prices drop rapidly, those who saved aggressively and have cash on hand can buy assets at a massive discount.
Invest in Yourself, Not Just the Market - "Find the one you love the best and GET A JOB in the business that supports it," he advised. "It may not be the perfect job, but there is no perfect path to getting rich."
Beyond just saving money, Cuban's second rule for getting rich is simple: become an expert in something. Whatever your passion, industry, or skill set is, learn everything there is to know about it. - So very true.