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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Other curated ideas on this topic:
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...
Disrupting the time-money relationship
Investing and passive income disrupt the time-money relationship.
To make money without having to trade any of your time frees up your time to ultimately do things that are more important to you.
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