Showing posts with label saving. Show all posts
Showing posts with label saving. Show all posts

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


Elon Musk is worlds first trillionaire because of Space X Ipo

Think and act on the way to riches/millions How long will take you to spend all that wealth.  More than several lifetime... How did he do it...