Four Rules I Followed To Get Wealthy

I guess we’re rich now. It’s not a huge surprise. As a resident, we made a plan to get rich. We then followed it. It was a good plan and so it worked.

In fact, it worked a little faster than we had expected, but even if it hadn’t, we would have gotten rich eventually anyway. As I look back, there were a few rules that we followed that seemed to make a big difference.

Four Rules I Followed To Get Wealthy

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This mindset of always paying cash not only saves interest (although in our low interest rate times, sometimes that effect is pretty small) but mostly curbs our desire to spend more than we should.

Rule # 1: Always Pay Cash

First, you have to prioritize retirement savings, delaying the purchase of other items. Retirement savings contributions have deadlines that must be met.

Rule # 2: Always Max Out Retirement Accounts

The real key to wealth/financial independence is to own stuff, and when I say stuff, I mean stuff that makes you richer, like businesses. 

Rule # 3: Own Stuff

There is an interesting characteristic I have noticed among many, but obviously not all, wealthy people. They give money away.

Rule # 4: Start Giving It Away Now

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