Do you have any particular rules or thoughts around money and finances? It might be a powerful motto that you live by.
Here is a list of money rules other people live by: Your Favourite Money Rules.
Personally I believe in the following money rules:
Understand the power of compounding and start investing early
Understand that basically every life decision you make has a financial (opportunity) cost – make sure you are comfortable with your trade-offs
Protect yourself from the unexpected – it is not worth taking huge risks
Be disciplined and rational in your financial decision-making, don’t get too emotional
Diversify and don’t put all your eggs in one basket when it comes to investments and wealth creation strategies
Moderate your debt and make sure you can pay it off quickly
What are your thoughts? Did you want to add any to this list yourself?