You know what’s harder than making money?


If you don’t know how to manage your money, you’re gonna have a bad time. REALLY bad time.

Anxieties will be triggered, and stress will start to eat you up leading you towards maniac depression.

The key here is to be extremely logical with how you spend your cash.

Over the past 10 years, I’ve made some drastically unfortunate financial decisions. Based on that I’ve also developed a system to prevent that from happening again as well which I’m going to share with you here.

The key is to learn from your mistakes to become a better, stronger and more intelligent person. That’s personal growth.

Now I’m pretty fortunate financially, but I don’t take it all for granted, I know the importance of managing the money, using your capital to make more money and keeping it. 

The overly flaunting lifestyle that you see in the media, social media etc from certain kind of people is a recipe for disaster. They are amateurs.

If you’re spending money to emotionally (impress) influence someone who will not make you money, then you’re moron.

I’m sorry to say that, but I think it’s irresponsible to show off your wealth and it’s a sign of some kind of cognitive dissonance.

With that being said, I’m going to show you a few methods on preserving your wealth so you don’t go broke and become financially stable.

The Basics:

Before I start with the tips, I want to teach you the basic of making money that I learned from the late Gary Halbert:

All the money in the world is made by someone selling something to someone.

A restauranter sells food and hospitality, model sells her beauty, even if you’re working in DMV as a clerk, you get paid by tax payer’s dollars which is generated by some kind of sales, and government collect taxes on and around that, which gets your office funded.

You get the point…

Sales is the backbone of a thriving capitalist society. 

If you want to make a ton of money, then become effective at selling something you’re truly enthusiastic about.

I have immense respect for entrepreneurs, cause they’re our true heroes who make our world run placidly, they constantly improve it by bringing awesome stuff we would love to pay for, solving problems and generating wealth. Businesses are the reason why US is the most powerful country in the world, at least financially.

They also generate the most tax revenue which funds like everything. They are the capitalist soldiers.

All righty, let’s get to the meat of this post, I’ll keep it short:

33 Lessons In Personal Finance:

    1. Do not lend money to people and expect them to pay you back
    2. Do not lend money in the first place
    3. Do not invest into any sort of MLM scheme and stay away from people who do
    4. Invest in things that you deeply understand, for ex: I invest in advertising and technical stocks (I’m a founding partner at IFWS)
    5. Do not invest into things that you don’t understand deeply. If you do, you’re just gambling.
    6. Do not buy expensive clothes to show off, especially if you’ll only wear it like once every 4 months, try renting if you really need dem clothes
    7. Hookers are bad, but free ones are gonna cost you your left kidney (<- stolen from Goldman Sachs guide for newbies)
    8. Getting married and having kids are nice and all… in theory. Don’t do it unless you’re financially stable like a well-built stool.
    9.  Aim for spending not more than 30% of your inward net cash flow
    10. If you don’t have a cash flow,  work on a system to get some, it’s not hard.
    11. Don’t throw parties for petty reasons
    12. Don’t go to fancy restaurants, first it’s not healthy, second it wastes time. Occasionally is fine but don’t go out too frequently.
    13. Don’t buy or lease a car unless you have to commute daily. If you work from home, it makes no sense. Use Uber, besides its the future.
    14. Buy experiences, not objects
    15. Don’t invest in NEW businesses where you don’t have control over things
    16. By not owning a house, I’m able to accumulate capital for other things that gives me better return and cash flow, I also get to move city by city easily across the globe and SAVE money by staying in cheaper countries using Airbnb month after month. This is 4HWW lifestyle in action.
    17. Besides, I would rather shoot myself in the head then buying a house
    18. If you won’t use that thing you’re thinking of buying at LEAST twice a week, don’t buy it.
    19. Unless you’ll be using that thing you’re about to buy daily, get the cheapest one.
    20. Invest in yourself, buy a Herman Miller Embody, a faster computer, a better table, an ultra wide monitor and a faster router. They’re worth it!
    21. Invest into a PO box
    22. Get a VA to do head banging stuff
    23. Don’t spend money buying expensive stuff to impress someone, its not worth it. The reason why we do this leads back to our primordial brain wiring.
    24. There is a cognitive bias where we spend a ton of money on things that gives massive discount on things that are already expensive. Learn more here.
    25. Learn all the cognitive bias and how they work. here is a list to help you get started.
    26. Do not hang out with people with bad financial habits or with those who are financially irresponsible
    27. Don’t have kids (I see controversy! but I’m simply being extremely logical, I know it’s an emotional issue)
    28. AGAIN Don’t get married unless you’re financially stable and your spouse is also financially independent
    29. Track your expenses every single month or week, put them in excel sheet and do a self-audit.
    30. Diversify a specific portion of your cash into distributed low-risk investments, index funds and put 10% of that fund into something with moderate to high risk.
    31. Say no to mutual funds, take a close look at the fees they are charging you.
    32. Hire an awesome financial advisor, take advice #30 with a pinch of salt! Why? I’m making a point here, do not trust everything written on the internet unless you trust the source.
    33. Finally, think strategically and think long term.


I know some of you won’t agree with me here.

But I’m not seeking approval. I don’t want you to agree with me, I ain’t no politician.

I just wanted to show you a system that works for me.

Take a thing or two that you absolutely love, like for example to me, its gaming and computers. I love gaming and NEVER compromise with it.

MOST Important Thing:

Your time is your most valuable resource. Don’t waste on small pleasures that you gain after delaying taking action. This is known as procrastination. You can use this system to get rid of it. Its a pretty nice book.

Our goal with finance management is to bring stability in our lives and reduce stress. So that we can focus on doing things that we love with best of our abilities without worrying too much.


Video Summary:

Books and Resources:

The Now Habit: A Strategic Program for Overcoming Procrastination and Enjoying Guilt-Free Play – Neil Fiore

Thinking Fast And Slow – Daniel Kahneman

Market Wizards – Jack D. Schwager

Money Master The Game – Tony Robbins

The Choose Yourself Guide To Wealth – James Altucher


Did you like this post?

If so, I share TON of awesome strategies like this in my letters. I call them Wayne Letters. They are exclusive to my email subscribers.

Best Part?

They’re absolutely FREE!

You can get them in your inbox here.



Wayne Harrel is the founder of Zielix® Incubator, Hudson Lockwood Capital Partners and I Fired Wall Street trader's community. Wayne like video games, technology and is a productivity freak.

Warning: A non-numeric value encountered in /homepages/33/d249180215/htdocs/zielix/harrel/wp-content/themes/Newspaper/includes/wp_booster/td_block.php on line 1008


Please enter your comment!
Please enter your name here