Did not know Raymond Samso until I discovered one interview fascinating book about the secrets of economic success. He is an author who not only stands out for his clarity in explaining things, but also for offering practical and coherent ideas that anyone can apply in their life. Raimon Samsó, a graduate in economics, worked for 15 years in three multinationals and three financial institutions, an experience that gives him a unique vision of the economic and business world. His specialty, the financial coaching, seeks to help people achieve economic independence and a satisfying professional life.
In the interview, which includes a 40-minute audio, Raimon Samsó introduces us to the essential principles that he developed in his book "The Money Code"These principles not only help us rethink our relationship with money, but also offer practical guidance for achieving the financial successBelow, we break down and expand on some of the most relevant points addressed in the interview, also integrating knowledge from other experts and leading sources in the field.
The Secrets of Economic Success according to Raimon Samsó
1. Wealth begins in the mind
According to Raimon Samsó, Mindset is the initial pillar of wealthIt all starts with a mindset that is geared toward abundance, growth, and creativity. Many people limit their opportunities because of negative beliefs learned from childhood, such as thinking that money is “bad” or that “there isn’t enough to go around.”
On the contrary, Samsó emphasizes that developing an abundance mindset involves believing that resources are unlimited and that money can be a tool to generate freedom, growth and well-being. This change in mindset can start with positive affirmations, reading books like great works of personal improvement or associate with optimistic and entrepreneurial people.
2. Lack of financial education in educational systems
One of the most striking points of the interview is Raimon Samsó's criticism of the traditional education system. According to him, the fact that schools do not include financial education as part of the core curriculum is a huge mistake. This creates generations of people who do not know how to manage their money, avoid debt or invest.
In countries like Finland, whose educational system is recognized as one of the best, focus more on developing practical skills than memorizing data. Incorporating basic financial education, such as learning how to budget, save and invest, could significantly improve the quality of life for many people.
3. The best retirement plan is to undertake
Raimon Samsó argues that relying exclusively on a state pension or an external retirement fund is a risky strategy, especially in an environment where pension systems are at risk due to demographic and economic factors. The best retirement plan is to develop your own business, because it's something you can control and has the potential to generate passive income in the long term.
Creating your own business, although it requires initial effort, can become a sustainable source of income. Whether it is a digital entrepreneurship, real estate investing, or any other type of business, the passive income generated by a well-run business can be your best financial backer in the future.
4. Types of income generation
- Active work: It is one in which you invest time in exchange for a salary. Example: a traditional job.
- Passive work: This is income that your projects or businesses generate, even when you are not actively working. Examples: rentals, royalties, or automated businesses.
The goal, according to Raimon Samsó, should be to gradually move from active work to passive work. Not only will this give you more time for yourself, but it will also allow you to diversify your sources of income, something that the great millionaires understand well. In fact, The Gurus of Wealth Creation They always highlight the importance of generating multiple streams of income.
Lessons from the Ultra Rich for Financial Success
1. Assumption of strategic risks
One of the most common traits among financially successful people is their ability to take calculated risksThis includes investing in emerging markets, innovative ventures or new technologies. However, these risks are always the result of thorough analysis and informed research.
2 Diversification
Diversification is key to minimizing risksThe ultra-rich tend to spread their investments across a variety of areas: stocks, real estate, startups, and more. By diversifying your portfolio, you can ensure that a loss in one sector won't severely impact your overall finances.
3. Building strategic relationships
Financial success is rarely just an individual effort. Millionaires invest time in building strong relationships with key people in the financial and business fields. These connections can not only provide investment opportunities, but also valuable advice and strategic support.
How to Apply the Secrets of Financial Success
- Define your goals: Setting clear short, medium and long-term goals is essential to charting a path to financial success.
- Cultivate financial discipline: Learn to live within your means and avoid unnecessary expenses.
- Invest wisely: Start small, but focus on building assets and generating passive income over the long term.
Changing our relationship with money does not happen overnight, but with a disciplined and strategic approach it is possible to achieve Financial IndependenceRaimon Samsó and other experts offer a valuable roadmap to achieve this.
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