Millionaire who saved 70% of his income and retired at 35: 'We should all live by these 6 basic principles.' (via CNBCMakeIt)
The first rule is the most important, and it has little to do with money. It's about wanting to achieve a goal enough to make it your top priority.
I started a financial site and wrote on it consistently. Eventually, I was earning a monthly average of $1,000 through the site. Courtney and I also started a YouTube channel documenting our travels, which brought in another $400 to $500 per month. And with the bit of free time I had left, I made an extra few hundred bucks through freelance writing.
The idea behind this is simple. You buy an asset for a certain price. Over time, the asset appreciates in value. And boom, now you have something that's worth more than what you paid for. Over the subsequent years, thanks to investing in appreciating assets, we grew our savings to more than $1 million. When it comes to investing, late is always better than never. If you haven't started, there are plenty of resources online or you can talk to a trusted financial advisor.I always like to take the hands-off approach whenever possible, especially when it comes to money.
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