October 25, 2013 in 1st Guide - Investor Mind
4 Wealth builder rules
Introduction: 4 Wealth builder rules
4 Wealth builder rules, save the max, borrow the min, live below your means, begin to invest early and invest often at the lowest cost. Or inherit wealth, win the lottery and create the next social media monster! Short of that, we have to put in effort to build wealth. We can do that by following the 4 wealth builder rules. And when the effort shows results we enjoy the bonus of self satisfaction.
As many others have followed these rules to build wealth, you can too. How? Take the same 4 steps down a well-worn and proven path. Because we can see the example of others that have already taken this path we can be confident that it will work for us as well.
This lesson, introduces the White Top Investor course, Wealth Building Lessons. The course discusses the 4 wealth builder rules. To learn more of those rules click the Links at the end of this lesson.
Simple 4 wealth builder rules:
1st Rule: Save max - pay yourself 1st!
2nd Rule: Borrow min - keep debt low!
3rd Rule: Live well - spend less!
4th Rule: Invest early - invest often!
You can pass on any rule and choose not to build wealth. Why do that when you can live well, be happy and build wealth as part of your future. That better choice requires no trade off. Follow 4 wealth builder rules to get on your path to financial security.
Borrow little and get debt free fast
Followers of the 4 wealth builder rules often begin their journey to wealth by clearing debt. They begin with a plan to get and keep debt free. Living well and being happy works best with little or no debt. Clear all debts that are not good debts. See Wealth Building Lesson on Debt Control for details.
By borrowing the least and paying the most to become debt free increases your wealth with every payment. With debt under control, begin paying yourself by saving to build more wealth. See the details in Wealth Building Lesson on Save, Pay Yourself 1st.
Following these steps puts you well on your way on your journey to wealth. Next begin the process of learning how to live well and to invest. These last two proven steps to wealth building will ensure that you are on your way.
Learn to enjoy life below your means
Do not live within your means, but live below your means. That overriding principle can make you rich. Wealth builders follow 4 rules but this is the most critical one. Following this rule will certainly take money away from your bank and keep it in your pocket. Also, living below your means will annoy realtors you do not pay huge fees. By not always seeking to move to a bigger place you keep money working for you in the market. That decision will move you well along the path to building wealth. By choosing to do so, getting rich becomes possible. Start by learning the details in the next four lessons in this course.
That introduction to the 4 Wealth builder rules sets you up to begin your wealth building journey. Are you ready to get rich? What are you doing to make that happen? Let's talk about it.
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Buttons at the bottom let you send this lesson to family and friends! Subscribe free and get White Top Investor lessons in your inbox! Make money work for you by knowing how investors think, feel and act. Learn here The Investor Mind. Website layout, organization and White Top Investor lessons click the link.Related lessons:
5 Key personal finance checks Look the balance sheet numbers balance! More time in equals more money out! 10 Point investor checklist Weeding your investment portfolio The Essence of wealth building pyramid portfoliosComments and questions welcome
Email me at WhiteTop@WhiteTopInvestor.com.Learn to make money work for you
Use White Top Investor lessons to learn investing. Then grow into a knowledgeable, comfortable, confident investor. In fact you can learn investing one small step at a time at your own pace. Do that and become the master of your financial security and independence. White Top Investor never sells of shares the email list. Learn more. Have a prosperous day! Bryan White Top Investor whitetop@WhiteTopInvestor.com WhiteTopInvestor.com Let’s connect, follow me: Twitter LinkedIn Facebook Image courtesy FreeDigitalPhotos.netLinks White Top Investor course, Wealth Building Lessons
Save The Max - Pay Yourself 1st
Live Well - Live Below Means
Learn Invest Early and Often - Stock Market Basics