- Save at least 10% of all that you earn for an investment fund for the future
- Learn to live on 90% or less of your income
- Invest your accumulated capital into projects that will provide a safe, steady income, taking full advantage of compounding of the interest received
- Invest only in areas in which you have expertise or with people who are experienced
- Buy the house in which you live so you don’t waste any money on rent
- Have a realistic insurance program
- Always keep working at various ways and means of increasing your income
- Track your wealth
What I got out of it
- This should be a mandatory read for every middle schooler. Simple wealth management advice that if learned early can have tremendous implications for the rest of your life. Will be one of the books I give away most to others