If you want to get rich, follow these 5 Rules:
Rule 1️⃣: Pay Yourself First
"The Golden Rule of Personal Finance"
When you get paid, prioritize saving and investing FIRST; then take care of your expenses
This is the mentality of a wealthy person
"The Golden Rule of Personal Finance"
When you get paid, prioritize saving and investing FIRST; then take care of your expenses
This is the mentality of a wealthy person
Most people don't save or invest bc they don't make it a priority to do so
Similar to how you prioritize paying your rent or mortgage...
Have that same energy when you are:
-Building your emergency fund
-Saving for your kid's college fund
-Investing in your retirement accounts
Similar to how you prioritize paying your rent or mortgage...
Have that same energy when you are:
-Building your emergency fund
-Saving for your kid's college fund
-Investing in your retirement accounts
Rule 2️⃣: Always Be Learning
Lifelong learning is the key to success
You should be investing:
-Time
-Effort
-Money
Into your financial education.
-Read a blog
-Pick up a book
-Watch a YT video
These are all great, low-cost options to start learning about personal finance
Lifelong learning is the key to success
You should be investing:
-Time
-Effort
-Money
Into your financial education.
-Read a blog
-Pick up a book
-Watch a YT video
These are all great, low-cost options to start learning about personal finance
Here are some book recommendations:
These 6 books will completely change your mindset on building wealth.
But don't stop here
These 6 books will completely change your mindset on building wealth.
But don't stop here
Rule 3️⃣: Avoid High-Interest Debt
Credit card debt & Payday loans are the enemies of wealth creation.
If you want to get rich, you must eliminate these out of your life completely.
If you need tips to pay down debt... keep reading
Credit card debt & Payday loans are the enemies of wealth creation.
If you want to get rich, you must eliminate these out of your life completely.
If you need tips to pay down debt... keep reading
Methods To Pay Down Debt
1️⃣ Debt Snowball- Make minimum payments on all debt while aggressively paying off the smallest debt first
2️⃣ Debt Avalanche- Make minimum payments on all debt while aggressively paying off the higher-interest debt first
Choose a method and stick to it
1️⃣ Debt Snowball- Make minimum payments on all debt while aggressively paying off the smallest debt first
2️⃣ Debt Avalanche- Make minimum payments on all debt while aggressively paying off the higher-interest debt first
Choose a method and stick to it
SN: Credit cards can be used responsibly, but we NEVER carry over a balance
Always pay your credit card off in full every month
Always pay your credit card off in full every month
Rule 4️⃣: Spend Less Than You Earn
You can make $200K a year and still be broke.
It doesn't matter how much money you make
Everyone must spend less than what they earn
This will help you financially, but most importantly, this will give you peace of mind.
You can make $200K a year and still be broke.
It doesn't matter how much money you make
Everyone must spend less than what they earn
This will help you financially, but most importantly, this will give you peace of mind.
Rule 5️⃣: Buy Income-Producing Assets
You can't save your way to wealth
*It doesn't matter how high the interest rates rise 😅
Wealthy people accumulate assets that will pay them additional income
So when you get your paycheck; go out and buy some additional income
How?
You can't save your way to wealth
*It doesn't matter how high the interest rates rise 😅
Wealthy people accumulate assets that will pay them additional income
So when you get your paycheck; go out and buy some additional income
How?
Here are a few income-producing assets:
• Crypto 💻
• Real Estate 🏠
• Businesses 💼
• Stocks & Bonds 📈
Pick 1 or 2 and educate yourself; then take action.
• Crypto 💻
• Real Estate 🏠
• Businesses 💼
• Stocks & Bonds 📈
Pick 1 or 2 and educate yourself; then take action.
If you want to learn more about how you can tap into these income-producing assets...
Join my email list
I talk about:
✅Building a financial foundation
✅Investing thru ETFs & Index funds
✅Starting profitable online businesses
Click here 👇🏾
getrevue.co
Join my email list
I talk about:
✅Building a financial foundation
✅Investing thru ETFs & Index funds
✅Starting profitable online businesses
Click here 👇🏾
getrevue.co
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