Learn more about personaldevelopment with this collection
How to create a diversified portfolio
How to analyze stocks and bonds
Understanding the basics of investing
4 'unpopular money rules'
- Don't make big purchases unless you have 2x its price saved up
- Don't buy anything you can lease
- Don't spend to impress others
- Only spend your passive income
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Millionaire shares 4 'unpopular money rules' that made him rich: 'Don't buy anything you can lease'
cnbc.com
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As much I hoard information, I am looking forward to processing the information to express my ideas.
Not spending to save money is not a smart way to go about it. You also need to have some simple rules to make it easier for yourself.
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Money rules to increase your net worth
- Don't spend all your income at once: the easiest way to grow your bank account is NOT to spend it all.
- Know how the Economy works.
- Avoid debt; personal debt destroys your net worth like nothing else.
- Save as much as you can: find the figures that make you feel comfort...
Freedom = Money
- Money is your army. The more you have, the more they will fight for freedom.
- Thinking never made anyone rich, unless that thinking manifests itself into consistent action toward application of laws that work.
- Live below your means with intent...
Buy for reality
Don't buy clothes for a fantasy you. Because you may end up with a huge wardrobe with nothing to wear.
Take into account how you spend your daily life, how many similar items you already have and the time of the year (warm, cold) when making new purchases.
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