This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized.
It’s all easy and digestible; You just gotta do it
A simple concept that escapes the minds of many. If you earn $100 a month, spend at most $80.
Avoid spending all of your paychecks.
Avoid using all of your financial resources.
If it’s too difficult to do this, find ways to cut, cut, cut, and cut some more.
2. Self-educate.
The only reason I am where I am financially is self-education. If I didn’t read books, listen to podcasts, and attend financial seminars, I would be nowhere near where I am today.
We aren’t taught about personal finance in our schools, and for many of you, not at home either.
That leaves your financial education in your hands.
Take control of your financial life by self-educating yourself. The more knowledge you have about personal finance, the more likely you are to succeed at managing your money.
3. Do the opposite of the masses.
What do many people do? Spend more than they earn. It’s robotic. It’s normal. It’s habit. People spend what they don’t have to acquire things they don’t need.
What do many people not do? Invest consistently. Instead, people spend or leave their money sitting in a bank account.
Don’t allow your money to burn; put it to work so it can compound 24/7 around the clock for you.
4. Avoid materialism.
Most of the stuff we own, we don’t need. I’m constantly questioning and rethinking what I own. I aim to own less and less because there is little need for things.
It’s okay to own things that add joy and convenience to our lives, but does having everything become enough?
For many people, enough is never enough.
Materialism is a dangerous path; if caught on it, you can severely damage and impact your wealth.
5. Diversify your income streams.
Always, always, always have more than one stream of income. Two is good. Three is better. Four is even better. Five and beyond is golden.
6. Avoid vices and addictions.
Anything that you allow to control you will eventually destroy you or almost destroy you – especially vices that require money.
Never allow something or someone to control you.
Never allow something or someone to control the way you manage your money and how much cash flow you have.
7. Learn from everyone.
You can learn from wealthy and broke people. I learned a lot about money from broke people. They taught me what not to do with my money. I never desired to be broke, so I observed what broke people do and did the opposite.
Some of my best financial teachers were broke people.
8. Think for yourself.
The only financial advice that applies to everyone is to live below your means.
No matter how much money you have, you will run out of resources if you consistently don’t live below your means.
Everything else may or may not apply, which is why you must sift through information and consider what will work best for you.
9. Increase your income.
Never allow yourself to maintain the same income. Keep your income growing. Keep your income moving forward. Keep your income elevated.
And as you increase your income, keep your expenses low.
10. Invest.
Put your money to work. Don’t allow your money to sit still. Compound interest is your friend, and here to work on your behalf.
Investing your money accelerates your financial success the earlier you get started.
You don’t need to be an investment expert. You can start with a brokerage account and use robo-investing to help you get started.
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.