Rapid Intake Summaries: The Millionaire Booklet | Chap 8 Step Six Save to Invest, Don't Save to Save

Chap 8: Step Six Save to Invest, Don't Save to Save

*These are just my thoughts and summary, all in my own words regarding this topic so I may omit some information that was taught in this book or course.

In this chapter, Grant shows the main purpose of working hard and staying broke, which is to accumulate a great amount of capital so that you can make big investments plays in the future.

Grant says that it took him eight years to make a million dollars at one time, and since he had been saving everything away he was able to go all in one big play that yielded him five million dollars in one swing.

He also says that when preparing to invest in a deal, you have to make sure it's the sure thing so that you are willing to put down a huge chunk of your investment savings into one deal and on top of that you have to be confident in your ability produce income to sustain yourself that no matter what happens you will be set.

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*These are just my thoughts and summary, all in my own words regarding this topic so I may omit some information that was taught in this book or course.

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READ MORE OF THE CHAPTER BY CHAPTER SUMMARY BELOW!

Rapid Intake Summaries: The Millionaire Booklet

Chap 1: Getting Rich Is Not A Fantasy
Chap 2: Where You Get Your Advice
Chap 3: Step One The Millionaire Decision
Chap 4: Step Two Millionaire Math
Chap 5: Step Three Increase Income
Chap 6: Step Four Who's Got My Money?
Chap 7: Step Five Stay Broke
Chap 8: Step Six Save To Invest, Don't Save To Save
Chap 9: Step Seven Multiple Flows Of Income
Chap 10: Step Eight Repeat, Reinforce, and Hyper Focus ​

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