Monday, June 30, 2025

10 Golden Rules of Money

Think and act on the way to wealth

Its not about being wealthy yet;   its about money.  Some are (we know all of this well before when we were encouraging investments when we were running a financial institution:

1.  Learn the game;
2.  Have the right mindset.  Religion or scriptures were said to be contrary to wealth building or money accummulation.   "Money is the root of all evil"
3.  Avoid debt;
4.  Avoid assets that depreciates.   Is a home an appreciating asset?   It gets old, and you pay real property tax.  You need to repair it.   So it is a depreciating asset.   Unless you are a flipper, or you have it rented;
5.  Pay yourself first
6.  Save
7.  Invest;  invest safely
8.  Live according to your means


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