“You Deserve To Be Rich” is a book that changes how you think about money. Rashad Bilal and Troy Millings wrote it. They believe everyone should be free financially. They are also the co-hosts of the “Earn Your Leisure” podcast. They talk about the importance of knowing about money.
This book came out on January 14, 2025. It is full of advice that comes from real life and four years teaching about money. The audiobook is long but worth it. It is 9 hours and 47 minutes in length.
This book talks about how hard it is to live paycheck to paycheck. But it tells you how to think in a way that can make you rich. Rashad and Troy share steps on how to be mentally strong. They also talk about how to plan your money for a better future.
Key Takeaways:
- Understand the big ideas behind thinking rich for financial freedom.
- Learn from Rashad Bilal and Troy Millings’ experiences and advice.
- Discover how the book tackles mental and social money challenges.
- Find out ways to turn hard work into permanent wealth.
- Get tips on making money in new ways.
- See how learning about money helps communities that don’t get much help.
Introduction to “You Deserve To Be Rich” by Rashad Bilal and Troy Millings
Rashad Bilal and Troy Millings made an outstanding financial book. It is called “You Deserve To Be Rich.” They use their own stories and knowledge to teach about money.
They grew up in New York, facing big economic challenges. Their story is inspiring to many. They also started Earn Your Leisure, helping others understand finance. Their work even got them a nomination for the 2023 NAACP Image Award.
The book talks about making wealth that lasts for generations. It looks at the big wealth gap between Black and white Americans. The book gives steps to help close this gap. It says everyone should have the chance to be rich.
In their book, they share lessons from their lives and education. There are 464 pages filled with tips and ideas. It teaches how to make money in new ways. This is key to building wealth today.
They also work with schools to teach kids about money early on. They want to change the system for the better. Their goal is to help everyone learn how to manage money.
Their book mixes inspiring stories with real advice. It aims to take down old barriers to being rich. Rashad and Troy want financial knowledge to be easy for all. They believe wealth should be possible for everyone.
Claim Your FREE Copy of “You Deserve To Be Rich” Here.
Understanding the Wealth Mindset
To do well financially, mastering a wealth mindset is key. It helps one manage money wisely. With this mindset, you can find ways to grow your wealth confidently. Knowing how your mind affects money will lead you to lasting success.
Importance of Mental Framework
Your mindset plays a huge part in financial success. About 68% of rich people think their mindset helped them more than luck. Also, those with a wealth mindset often earn more. A positive way of thinking is crucial for making more money.
Wanting to learn more about money can boost your success. 92% of rich folks set clear money goals and work hard to meet them. To do well with money, you must change how you see it.
Transforming Limiting Beliefs
Beliefs that limit you can stop you from reaching your money goals. Only 12% who think positively about money struggle financially. It’s important to think abundantly to unlock new chances.
Using positive statements and imagining success can help a lot. 78% of rich people who made their own wealth used these strategies. Thankful people feel more secure about their money by 70%. Friends who support and encourage you make it 75% more likely you’ll do well financially.
Strategies for Financial Success
Financial success means making smart money moves. It’s about finding ways to earn without always working. This includes things like making money from properties or investing in stocks.
Passive Income Opportunities
Passive income helps you make money easily. You can earn from renting out property, lending money, or owning stocks that pay dividends. It’s about setting up ways to earn that don’t require your daily time. Ed Mylett talks about knowing your true reason for wanting more money. He says society can make us forget what we truly want, affecting our earnings.
Napoleon Hill’s book tells us having a clear goal is key. This is very true for making money without working too hard. Giving money to others can also change how we feel about wealth. It makes us thankful and brings even more wealth our way.
Investment Techniques
Choosing the right way to invest is important for making money. There are many ways, like buying stocks or real estate. Jim Collins says being just okay isn’t enough if you want to be great. He believes in using your special talents to make more money.
Making a plan for your money after you’re gone is also key. Young people can take more risks to grow their wealth. Older people might want to spread their money out more to keep it safe. Believing you are good with money can actually help you make more of it.
Knowing all about investing and passive incomes is smart. It helps you make better choices. This means more money and success in the long run.
Claim Your FREE Copy of “You Deserve To Be Rich” Here.
Achieving Wealth through Practical Steps
If you want to get rich, you need clear steps. Rashad Bilal and Troy Millings show how with side jobs, savvy tax moves, and knowing about insurance. Their book guides you on these paths.
Side Hustles and Income-Building
Getting more money sources is key to stop living paycheck-to-paycheck. The book shares tips on earning more outside your day job. It talks about gig jobs, freelance work, and using your skills for cash.
It also helps you choose where to invest based on what you’re okay risking. For those scared of losing money, it suggests bonds or CDs. But if you can take chances, try real estate or stocks. These choices help you make more money.
Mastering Tax and Insurance Systems
Knowing tax and insurance well can make you richer. The book explains how to use laws to save money. It’s all about legal ways to keep more of your earnings.
It offers tips on using tax breaks and getting the best insurance. This knowledge can save you lots of money. And it protects the money you work hard to earn.
The book’s plan for wealth involves earning more, spending less, and smart investing. It says helping each other, especially in less wealthy communities, is key. By working together, we can all get richer.
Sustaining Wealth and Generational Prosperity
Achieving wealth is great, but keeping it for future generations matters more. It’s about money know-how. A strong financial education base is key.
Building Generational Wealth
Creating wealth for the future takes planning. It’s about more than money. You must pass on your wisdom. Real estate, stocks, and businesses help wealth last. Investopedia says nearly half of Americans don’t invest. That’s a big gap. Teaching our kids to invest wisely is crucial.
Financial Literacy in Underserved Communities
Financial knowledge is crucial, especially in poorer areas. The world’s wealth is huge, but many can’t touch it. This affects their money views. Growing up poor often means believing you’ll stay poor. Education can change that. It helps people keep what they make.
Even rich folks can struggle without money smarts. They’re less likely to meet goals. Teaching financial literacy is key. It helps beat poverty and build wealth for the future.
We need to mix smart money lessons with saving strategies. This way, wealth can last and help not just one person, but their family for years to come.
Claim Your FREE Copy of “You Deserve To Be Rich” Here.
Wealth Affirmations and Positive Reinforcement
Wealth affirmations help steer your thoughts towards more money and success. Using positive words often can change how you see wealth. It makes you feel more hopeful about getting rich.
Studies show that affirmations light up happy parts of your brain. This can boost brain work by 15% in areas that help you reach goals. By thinking these good thoughts, you could see real money benefits.
About 70% of people using money affirmations feel less worried about money stuff. This shows thinking positively can make you feel happier. Over 60% of them even hit their money goals within a year.
Happy thoughts can lead to more money. People thinking abundantly might earn 25% more than others. Gretchen Rubin found that happy folks often do better at work and earn more.
To add affirmations to your day, try Chellie Campbell’s idea of 50 daily wealth affirmations. Sticking with it and matching actions to words make them work better.
Tools for managing money can also help. They show you your financial status. People using these tools tend to stick to their budgets and savings plans 40% more.
Using wealth affirmations and being positive can greatly help your money situation. It brings good vibes and actual cash benefits.
Conclusion
Our journey through “You Deserve To Be Rich” by Rashad Bilal and Troy Millings shows that money success is for all. It teaches about building wealth, changing bad money thoughts, and finding ways to earn without working more. Each part gives steps to grow your money.
This book tells us to be active in growing ourselves and our money. It suggests learning and trying new ways to make money, like investing. It also talks about brave thinkers like Newton and Galileo who changed views, just as we should with money-making ideas involving online and smart tech.
Having good friendships and thinking about money in a positive way are key. The book also talks about planning your spending and paying off debts. And saving and investing without thinking about it helps too. The biggest takeaway is to act disciplined and think abundantly to improve your money world. Start using these tips and thoughts today for a better money tomorrow.
