19 finance rules you should know by age 25: 1. Pay Yourself First Society tells you to: - Spend - Consume Instead, use your paycheck to: - Pay off credit debt - Invest for your retirement - Add to your emergency fund - Add to your investment portfolio Never live bigger than your paycheck. That's financial suicide. 2. Avoid Lifestyle Creep Don't allow lifestyle creep to eat away at your wealth. When you earn more, save more. You'll be tempted to spend more money because you can, but don't allow your mind to trick you. Control your expenses before they control you. 3. Build Your Network 79% of millionaires spend 5+ hours monthly building their networks. The No. 1 success predictor is the quality of your network. Take a few minutes daily to reconnect with your network and maintain your relationships. Your network is your net worth. 4. Create Multiple Income Streams Don't rely on just 1 income stream. Income streams include: - Rental income - Earned income - Interest...
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