30 Rules You Need To Follow To Get Rich

This list is credited to Steve Burns of New Trader U. I could not agree with him more and this is exactly what I have been teaching my clients for 20+ years. 1. Understand the Value of Money 2. Cultivate Multiple Income Streams 3. Save More Than You Spend 4. Be Mindful of Taxes 5. Invest in Assets, Not Liabilities 6. Understand the Power of Compounding Gains 7. Protect Your Wealth 8. Educate Yourself About Money 9. Pay Yourself First 10. Live Below Your Means 11. Make Money Work for You 12. Keep an Emergency Fund 13. Learn to Negotiate 14. Diversify Your Investments 15. Understand and Manage Risk 16. Prioritize Debt Repayment 17. Consistently Increase Your Income 18. Automate Your Finances 19. Develop a Financial Plan 20. Keep Track of Your Net Worth 21. Leverage Inflation 22. Plan for Retirement 23. Understand the Market Cycles 24. Invest in Yourself and Your Skills 25. Network and Build Relationships 26. Be Patient and Think Long-Term 27. Continuously Monitor and Adjust Your Financial Plan 28. Give Back – Invest in Society 29. Embrace Change and Adapt to New Opportunities 30. Never Stop Learning About Finance. 31. THE ONLY THING I WOULD ADD IS TO OWN YOUR OWN BUSINESS. THE TAX BENEFITS COUPLED WITH FREEDOM OF TIME AND FREEDOM TO MAKE YOURSELF RICH IS WELL WORTH IT. You heard it here first. Be sure to share this newsletter with someone who can use the information. Life is too short not to have a dream job or business. In Gratitude, Paul Inselman Source: 911profit.com, 8/27/23.