

9 Money Rules of the Top 1%
9 snips Oct 15, 2024
Discover the controversial money rules that propelled one from poverty to multi-millionaire status. Learn the 'Set it and Forget' secret for wealth creation and strategies to live on just 10% of your income. Uncover why most struggle with 'lifestyle debt' and how adopting a business mindset can revolutionize personal finance. Explore the power of delegation in managing wealth and the importance of seeing money as a tool for growth, not just a goal.
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Act Your Wage
- Automate your finances; set it and forget it.
- Live off a small percentage of your income, even if you can afford more.
The 10% Rule
- Aim to live on 10% of your income and reinvest the rest.
- Start with a higher percentage and gradually reduce it as your income grows.
Prioritize Investments
- Broke people buy things, middle class get loans, and the wealthy invest.
- Invest in income-generating assets instead of depreciating ones.