PERSONAL FINANCE RULES

CHECKLIST OF PERSONAL FINANCE RULES ONE MUST HAVE IS AS FOLLOWS:

• PAY YOURSELF FIRST

• SPEND LESS THAN YOU EARN

• PAY BILLS ON TIME OR EARLY

• AVOID IMPULSIVE PURCHASES

• MORE ASSETS, LESS LIABILITIES

• PRIORITIZE HIGH-INTEREST DEBTS

• AUTOMATE AS MUCH AS YOU CAN

• UNDERSTAND GOOD VS BAD CREDIT

• BUILD MULTIPLE STREAMS OF INCOME

• FOCUS ON EARNING BEFORE INVESTING

• CREATE AND STICK TO A HEALTHY BUDGET

• LIVE WITHIN YOUR MEANS, IF NOT BELOW

• UNDERSTAND YOUR PERSONAL TAX SITUATION

• NET WORTH IS MORE IMPORTANT THAN SALARY

• FULLY UNDERSTAND AND TRACK YOUR CASH FLOW

• FIND WAYS TO MINIMIZE AND ELIMINATE EXPENSES

• BUILD AN EMERGENCY FUND (3-6 MONTH OF EXPENSES)

• CANCEL ANY UNUSED SUBSCRIPTIONS AND MEMBERSHIPS

 

“BEING DISCIPLINED IS THE WAY TO THE WEALTH.”

CREDIT~ WRITER!

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