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Published Dec 3, 2022

The 6 Steps To MANIFEST Wealth And Success In 2023! | Patrick Bet David & Lewis Howes

Lewis Howes and Patrick Bet David unveil the blueprint for attaining wealth and success in 2023, discussing deep insights into success principles, wealth building, personal development, and mental frameworks for achieving extraordinary goals.
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  • Money Basics

    emphasizes the importance of understanding the true nature of money. He explains that money is essentially fiat currency, backed by the government's strength, and hoarding it can actually make you poorer due to inflation 1. Wealthy individuals focus on owning equity rather than just earning a paycheck, aiming to own a piece of the company and its profits 1.

    Wealthy people are not working for that paycheck. They're working to own a piece of the company.

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    and Patrick also discuss the strategic use of debt. Patrick advises that debt should only be used to purchase assets that generate income, cautioning against taking on debt for non-income generating items 2.

       

    Money as Energy

    Patrick introduces the concept of viewing money as energy, suggesting that hoarding money can lead to negative consequences. He believes that money needs to flow to maintain its value and utility 3.

    If you hoard your money, a few things happen. You get sick and then you have to pay for the medical bills.

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    He also highlights the dangers of consumer debt, particularly the 'buy now, pay later' schemes that can trap individuals in high-interest debt. Patrick stresses the importance of breaking out of the mindset of financing liabilities and instead focusing on investments that generate returns 4.

       

    Paths to Wealth

    Patrick discusses the different paths to wealth creation, emphasizing the importance of choosing the right role, whether as an entrepreneur, solopreneur, or investor. He notes that many people become entrepreneurs without fully understanding the sacrifices involved 5.

    An entrepreneur thinks, works, is wired, looks at money, people, talent, recruits, sells, sells the dream.

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    and Patrick also talk about the importance of focusing on one area of life to create a strong foundation. Patrick advises identifying the most pressing issue, whether it's relationships, health, or finances, and addressing it with full force 6.

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