3. Don’t Give Up Your Goods So Easily
Don’t give people the power to take your money from you so fast.
Whenever you walk into a store or think about giving up your dollars, evaluate your decision.
Do you really need it? How will the purchase impact your net worth? Does the item reflect something that is important to you in your life?
Think before you buy. Most impromptu purchases quickly decrease your net worth while making someone else’s pockets fatter. Is the purchase really worth it?
4. Never Depend on One Source of Income
If you’re depending on one source of income to meet your daily needs, then you are only one paycheck away from a financial disaster.
Diversify your income. Position yourself to have a portfolio and passive income in addition to your earned income.
The more streams of income you have, the more freedom and flexibility you will create in your life. You’ll never have to depend on one paycheck ever again.
5. Learn How to Use Your Paycheck to Invest
People who never learn how to invest will always have to work twice as hard for half as much.