How do you build wealth?

Most people live in fear of losing their steady paycheck. They cling to the illusion of job security, focusing on their retirement accounts and hoping the markets will take care of them. After spending years in the military, we learned that the "safe" path isn't actually safe.

In today's episode, we explore why investing in yourself is the highest-returning asset you'll ever own. True security doesn't come from your employer or your 401(k) - it comes from constantly expanding your skills, knowledge, and network.

We dive deep into why cutting expenses isn't enough, why surrounding yourself with growth-minded people matters more than ever, and how to think differently about personal development in 2024. Most importantly, we share practical strategies for shifting from an employee-to-owner mindset.

Your skills and capabilities are the foundation of everything else in your financial life. So why focus solely on market returns when investing in yourself could yield far greater rewards?

• Investment in You Over Markets: The smartest investment isn't in stocks or bonds but in yourself. Spending money on coaching, education, and skill development often yields far greater returns than traditional investments. The focus should be on growing your capabilities and value rather than just seeking market returns.

• The Power of Strategic Networks: Your network determines your growth potential. Surrounding yourself with growth-minded individuals while removing "energy vampires" is crucial for success. Building relationships with experts, joining masterminds, and investing in professional connections create compound returns in knowledge and opportunities.

• From Employee to Owner Mindset: The "safe" path of traditional employment is becoming increasingly risky. True security comes from developing valuable skills, building multiple income streams, and taking ownership of your financial future. This means shifting from seeking stability to pursuing growth and from depending on institutions to creating your own opportunities.

• The Value Creation Formula: Growth comes from constantly expanding your capabilities and finding ways to create more value. Instead of focusing on cutting expenses, prioritize increasing your earning power through skill development, strategic relationships, and continuous learning. Your earning potential is limited only by your willingness to invest in yourself.

Got Questions? Reach out to us at info@remnantfinance.com

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