Amazon.com & The $32,000 Brain Budget 2017-11-11T11:03:35+00:00

Taking an accounting of your financial life.

Don’t major in minor issues, and minor in major issues!

Look at your income (take home money- discretionary income); look at the last 3 months and see what you’ve done with that money; most people spend it on something that’s consumer driven.

Use 30% of your money to invest in your brain- the ratio shouldn’t change when your income increases.
Repetitive theme of 67 steps is the brain and becoming a learning machine; most people don’t have enough raw ingredients (as a chef); same for building a great life, you need a lot of external ingredients to put together (involves reading, having mentors, traveling, seminars…)

A lot of people say either one of the extremes of money, whether it can bring you happiness or not, but the truth is in the middle.

People always go after scarce resources, now or 10 thousand years ago, even ants do it.

Figure out how to use the money to bring more good into your life (it can destroy you as well if used wrong); there’s nothing you can do that’s better than investing in skills.

Painter (that got bored) always invested in up-sells and spent a million dollars on seminars. It was worth it, most other things depreciate or rots.

Warren has Carnegie’s certificate higher than his school diplomas, says that one course was more important.

You can also get a library card- almost nobody has it. There’s no excuse, and everything is online also.

Donald Trump course and nobody came ($1000)- Claremont

Buying Poor Charlie’s Almanack for $80, instead of buying Jordan shoes that won’t be worth anything in a year, Charlie is a controlling partner of a 300 billion dollar firm- wear flip-flops instead.

It’s all about your ratio that you invest in education. Even if you only have $100, then invest $30.

Right now, what is the discretionary income that you have available to you?

How are you currently spending it? In other words, what minors are you majoring in?

What are you going to reinvest in?

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