Largely taken from
Although focused on wealthy Americans, there are some interesting takeaways.
- Don’t try and look rich for example don’t buy a new car to show off rather save some of that money for future you.
- Feel Secure and don’t feel pressurized to spend money to keep up with your friends and neighbours
- Defend the money you make by budgeting and planning and Generate your offence
- Aim to save 15% of your income every year.
- Use a Budget app to find areas of savings
- Plan you spending
- As you earn more keep your spending the same and save the rest.
A related topic is reaching that £100,000 savings amount as quickly as you can why your first 100k is the magical number for generating real wealth