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The lottery mindset is characterized by the expectation of sudden wealth through a one-time event like winning the lottery or rolling dice.

A checking account is a type of bank account that is designed for frequent use. Checking accounts are about accessibility and liquidity.

Day trading is a style of trading where individuals buy and sell financial instruments within the same trading day.

The wealthy mindset allows you to transcend typical emotional reactions, enabling strategic and informed decision-making.

A savings account is an account where you can deposit money that you don't need immediately but still want to keep while earning interest.

The flywheel concept applied to investing is a consistent force applied in one direction to achieve and sustain momentum.

Accredited investors are those who meet criteria set by the SEC, allowing them access to investment opportunities not available to public.

Appreciation is the increase in value of an asset over time. When something appreciates, it's worth more now than when you bought it.

A Real Estate Investment Trust (REIT) is a company that owns, operates, or finances income-producing real estate.

Compound interest refers to earning interest on your interest in a cycle that leads to exponential growth of your investment over time.

Inflation is the slow and steady rise in the prices of goods and services over time. It's the value of your money decreasing.

An IPO is when a privately held company decides to go public by offering its shares to the general public for the first time.

Debt is money borrowed by one party from another. Think of it like a financial IOU.

Credit is the ability to borrow money or access goods or services with the understanding that you'll pay later.

Equity represents your share or interest in an asset after all debts associated with that asset are paid off.

Blockchain is a secure, decentralized digital ledger that records transactions across many computers, ensuring transparency and immutability

Private equity is a form of investment where funds are directly invested into private companies, or public companies are taken private.

Liquidity is all about how quickly and easily you can turn your assets, like stocks, bonds, or even your car, into cash.

The term 'bull market' is often associated with the stock market, but it can apply to anything that's traded: bonds, real estate, etc.

Capital gains are a key part of wealth building for everyone. By understanding them, you can maximize profits and minimize taxes.