Rich!: The New Power Laws of Personal Finance
A new, disruptive age is upon us. Times have changed. Life has changed. Job profiles have changed. Job security has changed. Aspirations have changed. Marriage and personal lifestyles have changed, though like lemmings to destruction charging, most of us continue to behave as if nothing has changed.
To grow and protect your money now, you need to master the new realities of personal finance:
Don't focus on saving, focus on increasing your income
Get a second income
If your children are good, why save for them, if they are bad, why save for them
Preserve what you have; this may not sound trendy but it’s vital
Take up jobs where income can multiply exponentially
You may be the biggest risk to your personal finance
Postpone getting married and buying a house
Don't screw up your early years
Plan for being out of a job often
You must educate yourself on how investing works
Diversification is not what you think it is
Higher return doesn’t necessarily entail higher risk
Grow your network and you will grow your money
Timing is everything in investing
Don't tell anyone everything about your money.
The next 10 years will be nothing like the previous 10. To grow rich, and stay rich, you need to master the new power laws of personal finance revealed in this book.
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Bibliographic information
Anav Dutt