Rule 2: Never Buy Leasable Things
If it can be leased, there is no need to buy it. Instead of owning such a massive home, you should lease or rent it.
With this, you will significantly reduce the monthly payment costs related to owning a house.
Rule 3: Don’t Buy it to Impress them
Many people are into buying something to please their friends. At all costs, whether you can afford it or not, don’t buy it to impress your friends.
Rule 4: Limit Your Spending to Your Passive Income
That calls for creating a passive source of income. This is one of the hardest golden money rules to keep because if you have a salary, you might spend from it.
Do you think you can keep to these Millionaire’s rules?