Four Money Rules

As the old saying goes, money cannot buy happiness. But the fact of the matter is that in certain situations, lack of money can cause hardship and unnecessary distress.  Financial burdens always seem to be a leading cause of divorce, crime is always higher in poverty stricken neighborhoods, and research has shown that the financial status of an individual’s parents is the most influential factor when projecting a person’s future earnings.

So we can all agree that money isn’t everything, but it does play a vital role in our lives which should not be overlooked. So, what is it that you can do in order to help place yourself on solid financial footing. There is an extensive list of things to consider, evaluate, and act upon in order to place yourself in a positive financial climate. However, USA Today recently published a piece focusing on 4 primary rules you need to follow to grow rich.    

The rules are as follows:

  1. Pay yourself first
  2. Save for a rainy day
  3. Live below your means
  4. Never go into debt for depreciating assets

Sounds simple enough doesn’t it? Read the entire article in order to grasp the full scope of what it means to act on these 4 rules.

 

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THE CLEVER AFRICAN: INVEST IN YOU

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