Jakodatrades
The video discusses using credit cards to build financial literacy and achieving long-term financial success by becoming an entrepreneur. The speaker argues against traditional financial advice and encourages thinking outside the box. Personal and societal mindsets around money are also discussed. The video also promotes Credit Karma as a tool for finding personalized credit card offers.
Mindset and Skill Sets of an Entrepreneur
Introduction
Have you ever wondered why the rich continue to get richer while the poor continue to struggle? The concept of financial stability has been around for centuries, but the rules have changed. In this article, we’ll explore the mindset and skill sets of an entrepreneur that can help you build financial stability in today’s economy.
Credit Karma
First, let’s discuss the importance of finding the right credit card. Credit Karma is an excellent platform to help you build financial copy and make progress. It’s perfect for beginners as well as those looking to expand their knowledge and get into higher value settings. Credit Karma provides an actual guide process, allowing you to learn how things work.
The Absolute Idea
For years, people have been taught the absolute idea of going to school, getting a job, working hard, saving money, getting out of debt, and investing in the long term. However, the world has changed. In 1971, President Nixon took the US off the gold standard, and the economy has never been the same since.
Why Save Money?
Meanwhile, why save money when trillions of dollars are being printed, and the gap between the one percent and 99 is massive? It’s not just about the money. You have to step back and look at the bigger picture. We all carry within us a poor person, a middle-class person seeking security, and a wealthy person. The problem is we’re not taught to develop our entrepreneurial mindset.
Paycheck vs Entrepreneur
The moment you take a paycheck, you’re an employee, and that’s the mindset. This is why my rich dad never paid me, and he said the paycheck was one of the most damaging things I could take in my life. Paycheck means salary cap and limited money, so as an entrepreneur, you want to avoid that mindset. If my business folded, I just started another company. I don’t need a paycheck or anyone to take care of me because my government needs entrepreneurs.
The Entrepreneur Mindset
The entrepreneur is not just the business; it’s the mindset and skill sets that make the difference.
Entrepreneurship Skill Sets and Different Rules
Small businesses don’t operate under the same rules as big businesses launched by the government. This is where the mindset comes in. If you’re an employee or a small business owner, you need to develop an entrepreneur mindset to succeed.
Conclusion
In modern times, financial stability is not just about working hard, saving money, and avoiding debt. You need to develop the right entrepreneurial mindset and skill sets to succeed. With platforms like Credit Karma, you can learn how to build financial stability and progress towards your financial goals.
