PERSONAL FINANCE RULES

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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

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  • 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

 

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“BEING DISCIPLINED IS THE WAY TO THE WEALTH.”

CREDIT~ WRITER!

THANKS FOR READING!

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