avatarSamshe Alam

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“8 Life Skills You Should Learn in Your 20s.”

A journey of learning about oneself and growth where I share my own experiences and the lessons I’ve learned along the way, inspiring you to tap into your endless potential.

Photo by Author Created on DALL·E 3

In this story, I can look at the power of human potential. Humans can use their abilities in a variety of ways to achieve their goals and have a positive impact on the world.

Human potential is the ability that each human has to build and grow to reach their full potential. It is the ability to learn, grow, and improve oneself. Human potential is not limited by age, position, or financial means. It is available to anyone willing to put in the effort.

Here’s something: Numerous factors can influence how much human potential is known. Some of these components recall the environment in which people are maintained, their access to training and possible opportunities, and their own beliefs and ideals.

Whatever the challenges that people experience, there is always the possibility of reaching one's full potential.

There are several examples of people who overcame huge challenges to realize their dreams. This story might inspire us all to never give up on our fantasies.

“So let’s begin”

1. Change Yourself.

Accept that you are the problem instead of blaming your family for not being rich. When you realize you're the problem, your environment will change.

You can change yourself by following this simple step-by-step framework:

  • Read every day
  • Get Into Action
  • Quit a Bad Habit
  • Level up Your Skills
  • Overcome Your Fears
  • Get out of Your Comfort Zone
  • Stay Focused With To-Do List
  • Write a Letter to Your Future Self
  • Earn From People Who Inspire You.

2. Don’t Confuse Your Profession With Your Business.

You work first for your boss, then for the government through taxes, and finally for the bank that owns their mortgage.

Once a dollar is in your asset column, never take it out.

Invest in appreciating assets:

  • Dividend stocks
  • Rental Properties
  • Index funds
  • REITS
  • Bonds
  • Gold

When you want to buy a liability, first buy an asset that generates enough cash to cover it.

3. Your Mind Is Your Most Valuable Asset.

100 years ago, industry was wealth. Today, information is wealth.

Train your mind how to:

  • Find opportunity
  • Leverage money
  • Organize intelligent people

You'll have to take risks -calculated risks with informed decisions.

On the contrary, it's not as risky as it would be to someone who is merely rolling the dice and praying.

4. Become a Generalist Rather Than a Specialist.

Specialization is for salary, not for the riches.

Work to learn, not to earn

Robert {Author of Rich Dad Poor Dad} recommends you find jobs that develop your communication, sales, and marketing skills. These skills are each necessary for creating wealth.

5. We All Need Financial Education.

Most students leave school with zero financial skills.

They learn how to make some money, but have no idea how to make more money from their money, or how to spend their money.

You need financial education to take charge of your money.

6. Use Accounting to Keep Your Money.

Accounting is the most important subject if you want to be rich.

  • Assets: put money in your pocket.
  • Liabilities: take money out of your pocket.

Rich people are those who acquire assets, while poor people are those who acquire liabilities.

7. The Difference Between the Rich and Poor.

Rich:

  • Needs
  • Investments
  • Wants

Poor:

  • Wants
  • Needs
  • Investments

This is the only #1 reason why the rich have their money work for them and why both poor and middle-class people work for their money.

8. How Taxes Benefited the Rich.

Historically, taxes were voted by the poor and middle class to only tax.

Instead of punishing the rich, taxes are punishing the poor and middle class.

The poor are taxed before expenses. the rich have a corporation that's taxed after expenses.

The 4 Pillars of Becoming Rich.

  1. Accounting: The ability to read and understand financial statements.
  2. Investing: The science of money-making money creativity combined with strategy and formulas.
  3. Understanding markets: The science of supply and demand; technical (emotion-driven) and fundamental (economic sense) investments.
  4. Law Understanding taxes and avoiding lawsuits.

In Summary:

Human potential is a powerful force with the capacity to change the world. People who hold their full potential can have a positive impact on their own daily lives as well as the lives of others.

We can all contribute to the advancement of human potential by creating a reality in which everyone has the opportunity to learn, grow, and achieve their goals. We can also support one another as we look for our ultimate ability.

I accept that human potential is possibly the greatest gift we have. It is absolutely up to us to use this gift properly to create a better world for ourselves and future generations.

Thanks For Reading My Story May God Keep Everyone Safe And Happy, Amen.

Life Lessons
Life
Self Improvement
Mindfulness
Mindset
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