So glad you are here, I'm going to introduce you some of the most common rules to use in your life for a Successful Financial Life.
1. Health:
Taking care of your health should be the first thing, you may think that has 0% relation with your financial life? right? No, It has a strong relationship in the long run. Watch your health and your mental health it translates your life. Health is more important than money
2. Addiction:
Give up the addiction to bad habits, to consumerism, to debt, watching porn, wasting time. This cycle of doing it to feel good, do it again to feel good is never going to end so you must truly know yourself and what's your doing.
3. Do it yourself:
There are millions of videos, articles, books on the internet almost about everything, use Youtube!
Learn the things you don't know, there is no need to overpay for things you can do yourself.
A Penny Saved is a Penny Earned
4. Follow your mentor:
If you don't have a mentor to guide you, to give you the good advice you'll be there struggling for years into financial problems. Consult someone trusted and successful in his life, and what I mean is He's financial life is successful, talk to them, ask for their advice that's will shorten the road for you.
5. Saving:
You should put away a percentage of your earnings, Pretend it's not your money.
You'll be surprised at how much you can save from this. Remember Rich people are Savers.
6. Earn more:
You can be an employee, business owner, or student, make sure to work extra hours, get a second job to develop a second income. Work on the Internet, Learn How To?
7. Pay-Off Debt:
Any debt you have should be paid off as soon as possible, avoid any debts with high interests: car debts, luxury accessories,... You can't be financially free if you're stuck in debts unless you are making more money from your debt.
8. Investing:
You can start investing in a mutual find or during an open-end fund or another incoming producing mechanism, try some programs for the long term you don't have to risk anything while you don't have enough knowledge about the field.
There are two ways. Rental real estate and a combination of precious metals and stocks.
Buy a small house or a garage with a mortgage, rent it to someone, pay off the mortgage with the rent and sell it. If you are interested in investing I wrote an article on How to Invest Safely
9.Obsession:
People in this country are obsessed with money. Save money, spend wisely, invest prudently. Money is important, keep it in mind, but not the only thing in mind. I see many people have very dysfunctional relationships with money. Don’t die worrying about money.
10. 80% from 20% rule:
80% of all problems are caused by 20% of the reasons. So if you can find out those 20% reasons that make you spend 80% of all your money, it makes easier for you to reduce your expenses.
Lbiinga
Getting Rich From Scratch
