Think You're Bad with Money? It's Not Your Fault — But It Is Your Responsibility.
Money isn’t magic. It’s a skill.
If you learn the game, you can win.
If you don’t, you stay stuck.
Here’s a 7-step game plan to stop stressing about money and start building wealth:
Step 1: Fix Your Mindset
Having a bad mindset towards money holds you back. Money isn’t evil — it’s a tool for freedom.
Change the way you think about money, and it will grow.
Step 2: Learn the Game
Everyone spends money. But investors are the ones who build wealth.
Rule 1: Money flows to investors — When you buy, they earn. Own shares, and you get a cut too. Rule 2: Inflation helps investors — Prices rise, and businesses profit. If you invest, so do you. Rule 3: The tax code favors investors — Investors often pay less tax than workers. Own assets, not just a job.
Step 3: Get Out of the Danger Zone
Save $2,000 for Emergencies - No excuses. No spending it.
Pay Off High-Interest Credit Cards - Those 20% interest rates are making banks rich and keeping you broke.
Cut Back on things you do not have to spend money on. You do not have to do this forever, it’s just for now to free up money and time so you can move forward faster.
Step 4: Build a Money System
Most people earn, spend, and maybe save what’s left. That’s backwards.
Instead, consider setting up a system:
1. Three Bank Accounts – One for spending, one for saving, and one for investing. 2. Automate Your Paycheck – Set up direct deposit so your money is automatically split between your accounts. This stops you from accidentally overspending. 3. Follow the 75/15/10 Rule - Spend no more than 75% of what you earn - Invest at least 15% - Save at least 10%
Step 5: Spend Smarter
Save 3–12 months of expenses - So you never panic when life happens.
Always be investing! Even $10/week matters. Your money should work while you sleep.
Don’t finance stuff that doesn’t pay you - No loans for couches, phones, or fancy cars. Only exceptions? A house.
Step 6: Make More Money
Most people spend more as they earn more. Instead, keep your spending steady and invest the extra income.
How to earn more: 1. Get a side hustle 2. Upgrade your skills 3. Switch jobs 4. Start something small on the side
Step 7: Protect What You Build Lawyers for your house, your will, your business. Insurance for your home, health, and family. Accountants so you can save your money at tax time.
Open a savings account: - Set up auto-investing - Pay off one debt - Cancel one thing you don’t need
Minority Mindset
Think You're Bad with Money? It's Not Your Fault — But It Is Your Responsibility.
Money isn’t magic. It’s a skill.
If you learn the game, you can win.
If you don’t, you stay stuck.
Here’s a 7-step game plan to stop stressing about money and start building wealth:
Step 1: Fix Your Mindset
Having a bad mindset towards money holds you back. Money isn’t evil — it’s a tool for freedom.
Change the way you think about money, and it will grow.
Step 2: Learn the Game
Everyone spends money. But investors are the ones who build wealth.
Rule 1: Money flows to investors — When you buy, they earn. Own shares, and you get a cut too.
Rule 2: Inflation helps investors — Prices rise, and businesses profit. If you invest, so do you.
Rule 3: The tax code favors investors — Investors often pay less tax than workers. Own assets, not just a job.
Step 3: Get Out of the Danger Zone
Save $2,000 for Emergencies - No excuses. No spending it.
Pay Off High-Interest Credit Cards - Those 20% interest rates are making banks rich and keeping you broke.
Cut Back on things you do not have to spend money on. You do not have to do this forever, it’s just for now to free up money and time so you can move forward faster.
Step 4: Build a Money System
Most people earn, spend, and maybe save what’s left. That’s backwards.
Instead, consider setting up a system:
1. Three Bank Accounts – One for spending, one for saving, and one for investing.
2. Automate Your Paycheck – Set up direct deposit so your money is automatically split between your accounts. This stops you from accidentally overspending.
3. Follow the 75/15/10 Rule
- Spend no more than 75% of what you earn
- Invest at least 15%
- Save at least 10%
Step 5: Spend Smarter
Save 3–12 months of expenses - So you never panic when life happens.
Always be investing! Even $10/week matters. Your money should work while you sleep.
Don’t finance stuff that doesn’t pay you - No loans for couches, phones, or fancy cars. Only exceptions? A house.
Step 6: Make More Money
Most people spend more as they earn more. Instead, keep your spending steady and invest the extra income.
How to earn more:
1. Get a side hustle
2. Upgrade your skills
3. Switch jobs
4. Start something small on the side
Step 7: Protect What You Build
Lawyers for your house, your will, your business.
Insurance for your home, health, and family.
Accountants so you can save your money at tax time.
Open a savings account:
- Set up auto-investing
- Pay off one debt
- Cancel one thing you don’t need
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3 weeks ago (edited) | [YT] | 393