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7 Principles of Prosperity Economics
Manage episode 337666621 series 3345764
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This week Carol continues the discussion on personal finances. This is Part 3 of this series and today she will cover the 7 core Principles that guide those practicing Prosperity Economics and what it looks like when you use them…
We use the 7 Principles of Prosperity – along with a lot of testing on calculators and real-world case studies - to guide our financial decisions. Practicing Prosperity Economics means acting in accordance with these 7 Principles
In This Episode
2:21 - Comparisons of a Prosperous Mindset vs. scarcity thinking
4:55 - Our own cash has a cost
9:03 - Successful wealth-building is not about amassing the biggest pile of money
7:55 - Ways to control your wealth
10:14 - Velocity movement is what creates cash flow
12:34 - Best way to move your money
14:47 - Multiple jobs in investment real estate
Favorite Quotes
"if we believe there is “never enough”, we could find ourselves compulsively spending every penny we make (and then some). Our thoughts will literally become our reality!." - Carol Dewey
“When people measure opportunity costs, they tend to increase their assets and cash flow.” - Carol Dewey
“ successful wealth-building is not about amassing the biggest pile of money we can, but it’s about using our wealth (dollars, skills, knowledge, etc.) to create a sustainable life that inspires us, empowers us, and enables us to offer our deepest gifts.” - Carol Dewey
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