YourRichBFF's 5 Habits of Self Made Millionaires

The 5 habits of self made millionaires and what's happening with Vanguard and the Bitcoin ETF

Author

Carry
January 15, 2024

Hey there! Welcome to the Independent Money newsletter 👋 We’ll be exploring the latest financial news and discussing how it affects entrepreneurs like you. Plus, we'll share some awesome wealth creation insights from successful entrepreneurs.

Let’s dive in! 🏊‍♂️

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In this week’s Independent Money newsletter, we’re covering:

  • The 5 habits of self made millionaires.

  • What’s happening with Vanguard and Bitcoin ETFs?

5 Habits of Self Made Millionaires

Did you know that 68% of people with a net worth > $30M are self-made?

These are the 5 major secrets self-made millionaires are using to become rich according to YourRichBFF Vivian:

1) You Can Only Save as Much as You Earn

It’s easier for them to make more money than cut things they enjoy.

2) Labor vs Growth

Time and labor are both finite resources, which is why many self made millionaires invest to bring in passive income. That way their money is working for them nonstop.

3) Discipline and Delaying Gratification

By delaying spending on comfort, they put their money to work earlier. This allows them to invest early and often so that by the time they’re 30/40, they already have a major financial cushion.

4) Changing Their Minds

They don’t waste time. Once they recognize they’ve failed, they change course quickly.

5) Set Ambitious Goals

Self made millionaires didn’t become so without setting a plan. They set ambitious goals and act on them.

You can watch the full video here:

What’s Happening with Vanguard and Bitcoin ETFs?

If you want to buy a Bitcoin ETF but your broker’s blocking it, it’s probably time to move on. 👋

Is your account currently with Vanguard or any other broker blocking you access to buy one of the Bitcoin ETFs? We made transfers and purchases super simple.

Read more on transferring here and buying any crypto using Carry here.

What’s Happening at Carry?

Here’s what you can expect in the coming weeks

See the full list of events here. ⏰ 

How to Pay Less in Taxes in 2024 (For Business Owners)

As we bring in the New Year, it’s time to uncover some key tax optimization strategies that could save you thousands, or even tens of thousands, of dollars come tax season. Business owners have many tax write offs and deferral opportunities that aren’t available with just a W-2 income.

This workshop outlines a step-by-step plan to reduce your tax bill for this year, and your key action items.

Investing in Crypto with Tax-Advantaged Accounts

Join us for a special live workshop (free) on investing in crypto with tax-advantaged accounts. Investing in crypto can be lucrative (while risky) — but doing it from a tax-advantaged account can multiply the benefits.

You’ll learn:

  • How to invest in crypto from your Roth IRA regardless of how much money you make

  • How business owners can funnel an additional ~$70K every year into their Roth accounts

  • How to handle compliance of investing in crypto from a retirement account

QUICKSTART: Overview of Carry Platform + Demo

Whether you’re thinking about joining Carry or just curious to learn what we’re all about, this workshop is tailored just for you!

Join us as we dive into all the ways Carry can simplify your financial journey and streamline tax processes.

Want More?

Still can’t get enough? Well, we’ve got you covered!

Think your friends might like it? Be sure to share it with them! đź“©

If you want more resources on building wealth as a solopreneur/entrepreneur, check these out:

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