Here’s a rule that will virtually guarantee that you become wealthy over the course of your working lifetime.
Brian Tracy, Author, International Bestseller of “21 Success Secrets of Self-Made Millionaires” and “Million Dollar Habits”
Rule: save and invest 50% of any increase that you earn in your salary or compensation for the rest of your career.
You can still spend the other 50% of the increase on improving your standard of living but resolve today to save half of every increase for the rest of your career. This discipline alone will assure that you achieve financial independence.
Another rule is: pay yourself first. The first and most important habit is for you to pay yourself first. Your goal is to eventually save 10 to 20% income throughout your life. If you cannot save this amount, begin by saving 1%. Your aim is to put this amount away regularly to invest it with experts and to let it grow over time.
