GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
it’s possible for you to read more about oureditorial guidelinesand our products and servicesreview methodology.
Start learning from what they actually do.
However, envy doesnt make you money action does.
Rule 1: X-Ray Your Finances
You cant manage something you dont deeply understand, said Sethi.
He believes thewealthyhave a deep, top-down knowledge of their finances.
They know precisely how much they have coming in and where its going.
Science is on Sethis side.
Research has shown that specific goals make investors more effective.
They developmore resilient strategies, monitor progress and adjust as necessary.
Those dollar-value goals can come from your financial priorities.
The 80/20 principle is a classic rule of economics.
It states that 80% of your results come from 20% of your efforts.
These decisions are unlikely to have a significant financial impact and can consume too much mental energy.
Instead, Sethi wants you to focus that energy on making big changes.
Pinching pennies is stressful and rarely helps you reach your goals, Sethi stated.
A rich life is about using money to solve problems, said Sethi.
If you’re free to make that happen, youre living like the rich.
More From GOBankingRates
Share This Article:
