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4 Money Rules That Made Him a Millionaire
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How many of us can keep to this rule?
1. Do not Buy it Unless you have Saved Double Its Price
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I set a standard for myself: to buy a costly stuff, I needed to have two times its cost set aside.
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This held me back from overspending on something, and game a chance to consider if I needed it.
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2. Never buy Leasable Things
If it can be leased, then there is no need of buying it.
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Instead of owning such a massive home, it is advisable you lease or rent it.
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With, you will significantly reduce the monthly payment costs related to
owning a house.
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3. Don't Buy it to Impress them
Many people are into buying something to please their friends.
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At all cost, whether you can afford it or not, don't buy it to impress your friends.
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4. Limit Your Spending to Your Passive Income
That calls for creating a passive source of income
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This is the hardest of all rule to keep because if you have a salary you might spend from it.
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Do you think you can keep to these Millionaire's rules?
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