UNDERSTAND WEALTH
What You Have in Common with All Wealthy People
(Besides Amazing Good Looks and Charm)
Think Wealthy
P ersonal Finance Book Series
#2 of 6
By Todd Havens
A Book in the Think Wealthy Personal Finance series
b y Todd Havens
. UNDERSTAND MONEY
Your First Step to Financial Freedom
2. UNDERSTAND WEALTH
What You Have in Common with All Wealthy People
3. MEET YOUR INNER BILLIONAIRE
The Three Core Beliefs of Your Inner Winner
4. THINK WEALTHY
Top 10 Ways to Train Your Brain for Financial Success
5. CREATE YOUR FORTUNE, BIG OR SMALL
Your Only Two Paths to Financial Independence
6. MASTER YOUR MONEY FOR LIFE
Living by the Four Pillars of Well-Rounded Wealth
Copyright 2021 Todd Havens
The views and opinions expressed in this book are those of the author and do not necessarily reflect the official policy or position of any other agency, organization, employer or company.
This book is not intended to provide personalized legal, accounting, financial or investment advice. It is suggested that readers seek the counsel of competent professionals with regard to such matters as interpretation of the law, proper accounting procedures, tax preparation, financial planning and investment strategies. The author and publisher specifically disclaim any liability, loss, or risk which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents in this work.
UNDERSTAND WEALTH: Think Wealthy Personal Finance Book #2
All rights reserved. No part of this book may be used, reproduced or transmitted in any form or by any means whatsoever except in the case of brief quotations embodied in critical articles and reviews without written permission from the author. For information please contact: ThinkWealthyBook@gmail.com
DOWNLOAD THE MONEY DAM
FOR FREE
As a thank you for checking out one of my Think Wealthy Personal Finance books, Id like to send you my full-color Money Dam infographic for free!
Using just one number, what you pay in rent or for a mortgage each month, you can use it to track your financial progress and visualize financial freedom.
TO DOWNLOAD THE MONEY DAM, GO HERE:
www.THINKWEALTHYbook.co m
"An investment in knowledge pays the best interest."
- Benjamin Franklin
To my incredible daughter Sydney:
My mom replied to most of my purchase requests growing up with, "Oh honey. We can't afford that!" I promise to teach you that we actually can afford most things, but the real question is whether we see the VALUE in the purchase. Stated another way, we're going to say "No!" a lot to you, too. But for a completely different reason. ;)
To my likewise incredible partner Chris:
Thank you for always believing in me and these books and for your great feedback on early drafts. We both came from very little and built our financial independence together here's to many more trips around the sun with smiles on our faces and no financial fears in our future.
Contents
Preface
When I learned how to Think Wealthy, I saved my life.
That may sound dramatic, but when you get completely out of debt for the first time in your life, fully fund your retirement accounts, know you will never again have crushing financial stress and you become known as the rich uncles in your family, you have achieved more financial milestones than you ever dreamed were possible.
When I learned how to Think Wealthy, I saved my life because I was finally able to breathe. I was finally able to pause and really plan the life that I wanted to live not the life that a boss or employer wanted for me.
This is the book series I wish someone had given to me in high school, in college and every five years after that so I could have started my adult life on the strongest financial footing possible. Had I known then what I know now I wouldve been even MORE financially independent...just so, so much earlier.
Perhaps I can right that wrong for future generations.
This is the 2nd book in my 6-part Think Wealthy series that I wrote based on ongoing conversations with friends and family about how to achieve financial independence.
Growing up as I did in my close Midwestern family, rich and wealthy people were always put on a pedestal, admired on one hand and mildly resented and feared on the other. I had some MAJOR work to do to retrain my brain for allowing the money I made (or collected as well later see) to flow through me for a higher purpose of creating safety, security and, ultimately, financial freedom in my life.
Financial independence may bring to mind for you millions or billions of dollars of assets in acquired wealth or it may simply mean putting a foolproof system in place that produces the monthly cash flow you need for the rest of your life without the need for first minting a mountain of cash. (The FIRE Movement is one version of this.) Either is valid as they both provide a different path to financial independence, each with their unique advantages and disadvantages.
Many thanks to my amazing friends and family who have supported and informed this labor of love.
I hope you enjoy this book series as much as I enjoyed writing it!
Our Only Financial Job in Life
Our only financial job in life is to pay our monthly bills until game over.
Thats it.
Even billionaires have monthly bills and lots of them!
How do we pay our monthly bills after schooling ends, on through our years in the workforce and all the way through what might be decades of retirement?
If youve got that all figured out, then this book series will keep you in the conversation and motivated toward financial independence and/or more wealth creation.
For most people reading these books, however, you were raised in families that approached this financial job of ours by thinking about it month-to-month I JUST clear the hurdle of affording one month before I start planning (and worrying) about the next month which is a very middle class approach and which is fine if thats all youve ever known like me.
The KEY to successful personal finance, however, is to learn to think and to plan year-to-year, to have a longer time horizon in mind. To do that is to Think Wealthy, which is the sole purpose of the words Im stacking next to each other in all the books in this series.
If just ONE of these books can actually shift your thinking from scrambling week-to-week or month-to-month to confidently flowing from YEAR-to-YEAR, then youre well on your way to creating wealth and financial independence for you and your family for generations to come.
I kid you not for generations to come.
Itd be my absolute honor to help you get there.
Introduction
Youre awesome!
Hows that for an introduction?
You are awesome because you already have everything you need inside to create financial independence one day for you and your family. The financial puzzle pieces are all there, you just need to solve it as you learn to Think Wealthy.
Personally, I could have avoided YEARS of student loan and credit card debt if only someone would have taught me how to think wealthy sooner I would have loved to have known at an earlier age that wealth and financial independence are learnable.
You can LEARN to be wealthy or financially independent or BOTH because the rules by which you make money and your MONEY makes money are simple and only need to be learned once.
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