10 financial rules that WILL get you rich.
👉 You'll start seeing results in less than 6 months.
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👉 You'll start seeing results in less than 6 months.
//THREAD//
Rule #1: Show up every damn day
Rich people don't just phone it in. That's what poor people do.
To get rich:
- be present at work, mentally and physically
- be the person everyone can rely on
- do your job the best you can
This is not hard.
Rich people don't just phone it in. That's what poor people do.
To get rich:
- be present at work, mentally and physically
- be the person everyone can rely on
- do your job the best you can
This is not hard.
Rule #2: Build a 6+ month emergency fund
If you don't have an emergency fund, then you're living at *extreme risk*.
You don't need to do this overnight. Start small, build over time.
Your future self will thank you.
If you don't have an emergency fund, then you're living at *extreme risk*.
You don't need to do this overnight. Start small, build over time.
Your future self will thank you.
Rule #3: Cut the crap
- No cable TV
- Rarely ate out
- Frugal vacations
- Minimized utilities
Minimized utilities? Yes -> Turned off lights, watched our water use, etc. This was no sweat, and we still live like this today out of principle.
- No cable TV
- Rarely ate out
- Frugal vacations
- Minimized utilities
Minimized utilities? Yes -> Turned off lights, watched our water use, etc. This was no sweat, and we still live like this today out of principle.
Rule #4: Invest 20% of income in long-term investments
If you spend the majority of your salary, then guess what?
⇢ You're "fake rich". The pseudo-affluent.
Alone, salaries don't build wealth. Neither does saving.
Investments build wealth.
If you spend the majority of your salary, then guess what?
⇢ You're "fake rich". The pseudo-affluent.
Alone, salaries don't build wealth. Neither does saving.
Investments build wealth.
Rule #5: No credit card debt
Your credit card is a convenience, not a way to spend money that you don't have.
Credit card debt is:
✓ addicting
✓ high interest
✓ tough to eliminate
And, it KILLS your ability to build wealth.
Your credit card is a convenience, not a way to spend money that you don't have.
Credit card debt is:
✓ addicting
✓ high interest
✓ tough to eliminate
And, it KILLS your ability to build wealth.
Rule #6: Switch companies regularly
Switching companies is the perfect opportunity for raises. It's a part of the process.
I moved five times in 14 years. 15% raise every single time.
Fuck company loyalty.
This works.
Switching companies is the perfect opportunity for raises. It's a part of the process.
I moved five times in 14 years. 15% raise every single time.
Fuck company loyalty.
This works.
Rule #7: Ignore your neighbor's buying decisions
Don't keep up with the Joneses because most Joneses are broke.
Focus on you and your family.
Your neighbor isn't paying your bills, so don't let them turn you into a financial idiot.
Don't keep up with the Joneses because most Joneses are broke.
Focus on you and your family.
Your neighbor isn't paying your bills, so don't let them turn you into a financial idiot.
Rule #8: High-paying careers help
High-paying career fields include:
- computers
- marketing
- accounting
- business
- finance
Hell, have you seen what plumbers charge these days? Electricians?
You don't have to be a "tech bro" to get rich.
High-paying career fields include:
- computers
- marketing
- accounting
- business
- finance
Hell, have you seen what plumbers charge these days? Electricians?
You don't have to be a "tech bro" to get rich.
Rule #9: Drive cars until they die
I don't mean this literally. But, driving your cars until they are impractical or unsafe is a GREAT way to save thousands.
Buy quality. Maintain the hell out of it.
Then, drive it until you can't.
Boom.
I don't mean this literally. But, driving your cars until they are impractical or unsafe is a GREAT way to save thousands.
Buy quality. Maintain the hell out of it.
Then, drive it until you can't.
Boom.
Rule #10: Walk often
Walking is a great way to think.
It also gets us outside and away from our computers and Amazon.
It's also great for your health.
The next time you're bored, try walking.
Walking is a great way to think.
It also gets us outside and away from our computers and Amazon.
It's also great for your health.
The next time you're bored, try walking.
Join thousands of people in my 5-week Bootcamp that will teach you everything school *should have taught* about money and success.
steveadcock.us/relearn/
steveadcock.us/relearn/
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