Money Rules for 2014

money rules 1 The New Year will be here before we know it, my  question to all of you is, are you going to be ready  financially by making the necessary changes to your  spending habits in order to guarantee you financial  security? With that thought in mind I believe a book   review dealing with financial matters is most  appropriate.  I want to begin this series with the 1996 book, ‘The Millionaire Next Door’, The Surprising Secrets of America’s Most Wealthy written by Thomas J. Stanley and William D. Danko.   I read this book some years ago and it is full of financial wisdom.

Most of the millionaire households profiled did not have extravagant lifestyles and that finding is backed up by surveys showing how little these millionaire households have spent on such things as cars, watches, suits and other luxury products/services.  Most importantly, the book gives a list of reasons for why these people managed to accumulate so much wealth, the top one being, ‘They Live BELOW their means’.

Living below your means will provide you with more money for saving and investing which will earn you additional revenue, providing you with additional funds to save and invest.  This will create exponential growth helping you to reach your financial goals much faster.  Once you make that your major ‘Money Rule’ you will be on the road to financial security.

financial security

If you have not created your personal ‘Money Rules’ now would be a great time to do that in preparation for 2014.
Living Below Your Means should be Number ONE on your list!



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