Rules of Wealth: 5 Personal Finance Fundamentals for Building Wealth From Scratch

Here is the link.

Fundamental #3:

Live frugally, not cheap

. Maximize Every dollar: What are they worth to you?
- Needs v. Wants
- Quality v. Quantity
- Spend from your abundance, not your first fruits

. 10 Second Rule: Do you really need it?
. Decide strategically what you love and what you don't and spend accordingly

. This is how the Wealthy are able to happily live below their means with a mountain of cash in the bank

Fundamental #4:

Manage your money

. Use your GAP MONEY to buy assets that will build a stable future for you and your family. But first...
- Pay off ALL high interest debt
- Build an emergency fund up to $1,000
- Pay off All debts
- Bump emergency fund up to $5,000
- Use your GAP MONEY to invest in assets that pay you now for retirement, kids college, major purchases, etc.

Key monthly activities
- analyze your data for improvement
- Monitor your credit scores & credit report

Making these activities a priority will help you end each month with more cash and less stress

Fundamental #5:

Control your destiny
. The game of wealth is not about being rich, it's all about FREEDOM!
- Not being beholden to others
- Be in a position to call the shots

It takes a lot of time, effort, money, confidence and drive to climb to the top of the financial mountain, but the air up there is the best there is!