Rules of the Rich

Failures: Spend time to save money.

Success: Spend money to save time.

The rich...

·         Pay themselves first, 10%

·         Understand compound interest

·         Invest first, spend what's left over

·         Live below their means, don't care what others think

·         Save 10%

·         Use their savings to add wealth

·         Make money their slave

·         Buy luxuries with cash, then enjoy it

·         Buy big investments and small homes

·         Acquire assets, not liabilities (liabilities attract more!)

·         Know that an asset puts money in your pocket

·         Can live off the income of their own means

·         Never get into a rat race (don't spend at the same rate of income)

·         Create wealth through focus

·         Buy what's needed

·         Know sometimes you win, sometimes you learn.