Top 10 Money Rules The Rich Don't Want You to Know
Here are the top 10 money rules that rich don't want you to know.
We all know that the rich get richer and the poor get poorer, but have you ever stopped to wonder why? After all, if we all started on a level playing field, shouldn't some of us be able to rise to the top? The answer, of course, is that the playing field is far from level. The rich have always known this and used it to their advantage. Unfortunately, even though most people can make money by working hard over time, they cannot keep it safe. This causes them to take much longer to achieve financial independence than is necessary.
As you can see, anyone has the potential to make money. However, the key to sustaining wealth comes down to resource management. Those who can budget and save their money wisely are more successful than those who struggle financially. This is important to understand because, just as you cannot compensate for a poor diet with exercise, you cannot earn your way out of debt if you have bad spending habits. Therefore, you must be mindful of your financial resources to achieve long-term success.
#moneyrules #financialsuccess #richandpoor
Time Stamp
00:00 Introduction
00:30 The rule of protection
02:24 The rule of diversification
03:50 The rule of compounding
05:19 The rule of 72
06:45 The utility rule
07:43 The obligation rule
08:22 The 1% rule
09:23 The debt snowball method
09:55 The rule of expectation
10:56 The rule of privacy
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