Adam Torkildson

Basically, if you boil it down to the most basic ideas, there are basically three rules of money. One is you have to spend money to make money. And that's always true, I've found, in my own life. And this is something I've taught my kids as well. When they want to go out and earn some money for the summer, We had to say, look, you have to go spend some money at the store buying these items.

Basically, if you boil it down to the most basic ideas, there are basically three rules of money. One is you have to spend money to make money. And that's always true, I've found, in my own life. And this is something I've taught my kids as well. When they want to go out and earn some money for the summer, We had to say, look, you have to go spend some money at the store buying these items.

And then you can go resell them later to all of our neighbors. And you're going to make a profit, but you have to spend money first. So building that into their understanding is critical. And that's kind of where I want to make sure we're all on the same page. Number one, that principle. Secondarily, not only do you have to spend money to make money, but...

And then you can go resell them later to all of our neighbors. And you're going to make a profit, but you have to spend money first. So building that into their understanding is critical. And that's kind of where I want to make sure we're all on the same page. Number one, that principle. Secondarily, not only do you have to spend money to make money, but...

And then you can go resell them later to all of our neighbors. And you're going to make a profit, but you have to spend money first. So building that into their understanding is critical. And that's kind of where I want to make sure we're all on the same page. Number one, that principle. Secondarily, not only do you have to spend money to make money, but...

And it's important to never spend more than you make. And this is a trap that a lot of people get into, especially young people who get access to credit. And they think that status is more important than how much they're spending on things. And that's completely backwards. Wealthy people are very aware of... the profit margins of all the things that they're participating in.

And it's important to never spend more than you make. And this is a trap that a lot of people get into, especially young people who get access to credit. And they think that status is more important than how much they're spending on things. And that's completely backwards. Wealthy people are very aware of... the profit margins of all the things that they're participating in.

And it's important to never spend more than you make. And this is a trap that a lot of people get into, especially young people who get access to credit. And they think that status is more important than how much they're spending on things. And that's completely backwards. Wealthy people are very aware of... the profit margins of all the things that they're participating in.

And a lot of people I know hire teams of people to make sure that what they're investing in always comes with a specific amount of profit, whether it's 10, 15, 20%, whatever that may be. That doesn't matter. Everybody has their own set of goals and the way that they believe about how money should be returned. But at the end of the day,

And a lot of people I know hire teams of people to make sure that what they're investing in always comes with a specific amount of profit, whether it's 10, 15, 20%, whatever that may be. That doesn't matter. Everybody has their own set of goals and the way that they believe about how money should be returned. But at the end of the day,

And a lot of people I know hire teams of people to make sure that what they're investing in always comes with a specific amount of profit, whether it's 10, 15, 20%, whatever that may be. That doesn't matter. Everybody has their own set of goals and the way that they believe about how money should be returned. But at the end of the day,

It's imperative that you spend less than you're making, and then you can become wealthy. I don't care what it is you do for work. Then the third principle, and this doesn't matter whether you're religious or not. This is a principle of money, and it works. It is you need to pay charity in some way, shape, or form. You need to donate to a charity. For me, I've got a 10%.

It's imperative that you spend less than you're making, and then you can become wealthy. I don't care what it is you do for work. Then the third principle, and this doesn't matter whether you're religious or not. This is a principle of money, and it works. It is you need to pay charity in some way, shape, or form. You need to donate to a charity. For me, I've got a 10%.

It's imperative that you spend less than you're making, and then you can become wealthy. I don't care what it is you do for work. Then the third principle, and this doesn't matter whether you're religious or not. This is a principle of money, and it works. It is you need to pay charity in some way, shape, or form. You need to donate to a charity. For me, I've got a 10%.

hard line, all the money I make, I pay 10% of it back to my church. And that's how I pay back to charity. And I donate to other things as well. But I don't care if you're making $10 a month or $10 million a month. Give yourself a budget for putting money towards a charity or donating to something as a percentage of your income. And you will be taken care of for doing that.

hard line, all the money I make, I pay 10% of it back to my church. And that's how I pay back to charity. And I donate to other things as well. But I don't care if you're making $10 a month or $10 million a month. Give yourself a budget for putting money towards a charity or donating to something as a percentage of your income. And you will be taken care of for doing that.

hard line, all the money I make, I pay 10% of it back to my church. And that's how I pay back to charity. And I donate to other things as well. But I don't care if you're making $10 a month or $10 million a month. Give yourself a budget for putting money towards a charity or donating to something as a percentage of your income. And you will be taken care of for doing that.

I've seen it in thousands of people's lives. So with those as our basic principles, by the way, Charles, did you want to chime in on any of those things? I saw you nodding.

I've seen it in thousands of people's lives. So with those as our basic principles, by the way, Charles, did you want to chime in on any of those things? I saw you nodding.

I've seen it in thousands of people's lives. So with those as our basic principles, by the way, Charles, did you want to chime in on any of those things? I saw you nodding.