It’s effortless to chalk up Bruce Wayne’s success because to his inherited his money. But there is much more to the story here. That makes it worth learning how to manage money like Bruce Wayne.
Bruce Wayne has been able to take the money given to him by his parents and use it wisely for society’s greater good. If that were not true, there would be no Batman. How many other wealthy children would have gone broke due to poor spending habits?
Bruce did not build Wayne Enterprises, but some key financial lessons can still be learned from him regardless. It’s not just about being a billionaire but knowing how to use your money in a way that leaves you fulfilled and able to grow your wealth.
1. Leave a Legacy
The first thing you have to think about is wanting to leave a legacy. The reason that Bruce has the money in the first place is because his parents left him that money. If they did not live with an attitude of trying to leave something behind, none of this would be the case.
Leaving a legacy matters because too many people die and leaving nothing behind but some knowledge. It’s great to have wisdom, but if you can live your life in a way that allows your bloodline to be set for a few generations, why not do that?
Thomas Wayne built Wayne Enterprises and the money from that company stopped so many others from suffering at the hands of The Joker, Mr.Freeze, and other horrible villains.
Start thinking about the legacy you want to leave behind you after you die. Think about how you want your great-grandkids to speak about you. If you don’t create that vision and set that direction for your life, you will never get there.
2. Make Your Money Work For You
Bruce Wayne can spend all night clobbering bad guys while being able to afford whatever he needs because his money is working for him. Bruce understands that you have to make dollars do the work for you.
He does not come from a family that believes you have to work for money. When you work for money, you always have to trade time for dollars and that does not leave much time to be Batman.
When your money works for you it means that you can build wealth whether you’re sleeping, on vacation, or chasing down bad guys. To do this you need to have a focus on building income-producing assets. These are simply things you spend money on that earn you money.
Where as liabilituies are things you spend money on that cost you money and go down in value. For example, a car you buy and the second you drive it, the value begins to go down. You can’t sell a car you have driven for three years and make more money.
On the other hand, you can invest in a business and make more money as a result. When you’re ready, you can sell it and cash in, or you can keep collecting those monthly cash flows. Either way, if you want to live like Bruce Wayne, you need to have assets.
Build Your Wayne Enterprises
We just talked about the importance of having assets. Well, a business is one of the best assets that you can have. A lot of people think that investing in Stocks and Real estate is the best money move. But the issue with both is that you often need money to make money. You can’t buy stocks if you have no money.
You can start a business with no money, though. The easiest of them all is a service business. You don’t need any experience or money down to start. You need a skill that others are willing to pay for. It doesn’t matter what you sell, but you need a positive cash flow business to manage money like Bruce Wayne.
When you build a business for yourself, you ensure that you have money coming in each month. The best businesses, though, are built around systems. Meaning that it can operate with or without you. Think about McDonald’s; they have the same burgers worldwide because they follow a tried and true system.
Wayne Enterprises follows a system that did not need Thomas or Bruce to be in the business for it to succeed. You want to do the same thing. To accomplish this, you need to trust others and understand that you can’t do it all yourself.
Bruce Wayne understands the importance of privacy and shell companies. Doing business online is a great way to make money without being the Brand’s face. There are so many websites online that make good money, and no one even knows who started them.
When you build an online business, you don’t need a physical location or anything else. All you need is a willingness to learn and an internet connection. If you have those two things, you can figure everything else out.
The beauty of owning an online business and the fact that you can also buy and sell these, similar to owning real estate. You can buy a website already generating a positive cash flow, put your time and money into growing it and sell it for even more money.
Think of it like this. If you had a website making you $500 a month, many people would say that is nothing. But think about how much money you would need to be invested in a dividend stock market or in a savings account to make that much per month.
Invest in Stocks
People always complain that the companies only care about their shareholders. Well, one of the best moves you can make then is to invest in companies you believe in over the long run. Then when people say they only care about shareholders, they will be referring to you.
Investing in the stock market is deciding to become an owner in a company that you believe will increase in value. The stock market, in the short run, operates on emotion. But in the long run, the stock market operates on value.
One of the best things you can do is spend time learning about the markets every day. There is a tonne of YouTube channels and books that can teach you everything you need to know.
If you would have invested $1000 in Apple stock in 2003 when the price was $0.41 a share, today you would have well over $300,000 from that investment. Not including any dividends.
You can also invest in large companies that don’t grow as quickly that offer good dividends. You want to do this because if you have enough money invested, you can live off the dividends. Who would not want to make a few $1000 a month for just owning a stock?
Bruce Wayne needs to have multiple places to stay around Gotham, but I am not talking about those types of homes. Real Estate you own to live in is a liability because it costs you money. It can go up in value when you hold it, but the problem is it costs month to month. You are on the hook for all maintenance.
You want to invest in Real Estate that you can rent out or turn into a short-term rental. You want these properties to make you money. There are so many angles you can take with real estate. You can:
- Flip real estate
- Buy and hold
- Rental properties
The key to manage money like Bruce Wayne is not getting lost in all the craziness of what you can do. You have to choose something, learn the business, and stick with it. What you can count on is that people will always need to have a roof over the head.
Gotham has enough issues, and the last thing Bruce wants to do is join the list of rich people who don’t care about the environment. Whether he cares or not doesn’t matter, it’s about appearances.
People who buy a Tesla, for example, get to feel like they are rich sports car driving people who care about the environment. You kill like six birds with one stone.
Many believe that green energy is the future. It’s just a matter of time before the rest of the world fully gets on board with this. It would help if you started investing in green.
It’s a place that is just ripe with opportunity, and many wealthy people are willing to throw a lot of money into this area. Many different big companies want to reduce their carbon footprint and they have committed to hitting certain goals.
Bruce Wayne would definitely be a Tesla guy for the exact reasons I named above. You get to look rich and like you care at the same time. Many believe that Tesla cars are the future. Bruce also is smart like Elon Musk, so it makes sense.
If you want to get with the program, you need to be a Tesla person because of Bruce Wayne. Buy shares on his behalf. You can’t even consider yourself to be a hip investor until you do.
Security & Privacy
You can look at this from a few angles. You can invest in existing companies or find ways to take it into your own hands. If there is one thing we know, it’s that Bruce Wayne would not be caught on social media with all his data being sold.
Bruce Wayne cares about his privacy and making sure that things are secure. He may know how to do this better than anyone. It may be worth creating a new LLC called Wayne Security.
Either way here is a list of things that you need to think about caring about.
- Password manager
- Data on The Internet
- Identity Fraud
- Banking Security
- Self Defense
- so much more
You have to be willing to do whatever it takes to keep yourself safe and secure. The internet has opened the flood gates to all of the world’s wolves to try and take you for everything you have.
Every other investment listed is about playing good offense. Caring about privacy and security is about learning how to play defense with the best of them. You don’t want to build wealth only to have it all stolen. To manage money like Bruce Wayne staying private must always be a priority.
Always Be Branding
Bruce Wayne is one of the best brand managers in the business. Most people don’t even recognize how well he branded Batman. One sign of a good brand is that it can live long past the founder.
Batman created something that could live beyond him. That is why Batman Beyond did so well because it fulfilled the prophecy that Batman was an idea. A man could be killed, but Batman could live on forever. The Brand stood for something, and it immediately struck fear into the hearts of those opposing the law.
If you want to build money in the future, you need to think of how you’re building your brand. This is deeper than just being cool on social media. It comes down to your character. If you’re not a good person, people will not want to work with you.
If you build your brand up in the right way with strong character, the deal and opportunities will begin to run to you.
Create Income Producing Assets to Spend Manage Money Like Bruce Wayne
One of the things that people don’t talk about enough is the sacrifice required to go from broke to wealthy. It means that you have to stop wasting your money on liabilities as much as possible.
Liabilities keep costing you money, and they don’t make you anything, but assets they take time to build and work. There are not enough people with the long term mindset to build assets because it takes time. Even if you jump into real estate, after paying the mortgage, maybe you take home $400 after expenses.
That will not change your life, but if you can stay patient and keep acquiring good deals over the next 10 years, that money begins to grow. That means you give up having:
- The big house
- Eating out
- The nice car
Everything you see other people doing, you can’t do. The reason most Americans live paycheck to paycheck is NOT that they don’t make enough; it’s because they always find a way to spend more. You have only to spend if you feel like it will make you money.
One of the best things you can do with your money is helping other people with it. Bruce Wayne does this through charity and by being Batman. He uses his money and puts his life on the line to protect the city of Gotham.
You don’t need millions to decide to help others. It just takes using your time, talents, and /or resources for the betterment of others. Life is more fulfilling and making money is more fun as well. The purpose of learning how to manage money like Bruce Wayne is being able to give more.
When you can give away freely, it’s a good sign that money does not have a grip on you; when money has a grip on you, you hold on to it tightly and begin to develop a scarcity mindset. You don’t think there is enough in the word. But when you give, you realize there is more than enough.
Giving also gives you the chance to make a difference. Stacking up money does nothing but help yourself. But when you can use your success to help and teach others how to do the same or to help them through a hard situation in life, it makes a huge difference.
Final Thoughts On Managing Money Like Bruce Wayne
One of the best things you can learn in life is how to manage your money well. The school system’s problem is that you are taught by teachers who often don’t know how to manage their own money. They chose to be employees because it was what they were told to do.
There is nothing wrong with working for someone else. It can be a great opportunity to learn, but you should always do it with your eyes wide open. The goal of jobs is not to make employees rich; it’s to pay the bare minimum to make others rich.
You can make some simple moves in life to keep building wealth. You have to know what you want and begin to head in that direction. If you stick with it before you know it, you will be leaving a legacy of greatness behind you. To manage money like Bruce Wayne you have to care about something bigger than yourself.