19 Financial rules everyone should learn 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 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. Learn Basic Financial Literacy

In 2019, lack of financial literacy cost Americans more than $307 billion.

Financial literacy teaches you how to:

  • Earn
  • Save
  • Invest
  • Spend
  • Borrow
  • Protect

Improve your financial literacy today. Save money tomorrow.

4. Create Multiple Income Streams

Don’t rely on just 1 income stream.

Income streams include:

  • Interest income
  • Business income
  • Dividend income
  • Rental income
  • Earned income

Never put your eggs in 1 basket. Diversify your income now.

5. Invest in Yourself

The best investment you can make is in yourself.

How to level up right now:

  • Read more
  • Take a course
  • Exercise regularly
  • Listen more, talk less
  • Learn from past mistakes

The highest ROI (Return on Investment) is when you invest in yourself.

6. 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.

7. Don’t Buy New Cars

Most new cars lose up to 60% of their value 5 years after you first purchase them.

Millionaires buy used cars because:

  • They are cheaper
  • They’ve already depreciated
  • They can invest the “saved” money

Don’t invest in negative returns.

8. Prioritize Your Health

Don’t take your health for granted.

Begin to:

  • Meditate daily
  • Exercise regularly
  • Drink enough water
  • Stick to healthy foods
  • Block negativity/toxicity

Adopt a healthy routine today. You can’t enjoy wealth if you have bad health.

9. Develop & Stick to a Budget

To build a budget, start by:

  • Tracking your income
  • Tracking your expenses

Figure out where your money is:

  • Coming from
  • Going to (and how much)

Manage your money before it manages you.

10. Build an Emergency Fund

Prepare for unexpected expenses.

Surprise expenses could include:

  • A vet bill
  • A new roof
  • Medical bills

Don’t use your credit cards to pay for emergencies. Use your emergency fund.

11. Invest 20%+ of Your Income

Use the power of compound interest to build your wealth.

How to invest:

  • Invest automatically
  • Invest in index funds
  • Avoid higher-risk investments
  • Choose low-cost investment options

The best time to invest is today.

12. Build a Solid Credit Score


  • Better chance for loan approvals
  • Better insurance rates
  • Lower interest rates

How to boost your credit score:

  • Pay on time
  • Pay off your debt
  • Keep a low credit utilization ratio

Good credit score = more money in your wallet.

13. Eliminate Credit Card Debt

“If you use a credit card, you don’t want to be rich” – Mark Cuban

Credit card debt can drain:

  • Your budget
  • Your savings
  • Your future portfolio

You rob your future self with credit card debt.

14. Don’t Spend More Than You Make

  • Income does not equal wealth.
  • As you earn more money, save more money.
  • You will 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.

15. Find High-Quality Mentors

93% of millionaires attribute their success to a mentor.

Mentors offer you guidance in:

  • Your financial life
  • Your personal life
  • Your professional life

Mentors are the ultimate shortcut to success.

16. Start a Business

66% of millionaires own a business.

If you want to be wealthy, play the odds in your favor and become an entrepreneur.

It will require:

  • Sacrifice
  • Hard work
  • Long nights

The reward could be:

  • Money
  • Freedom
  • Fulfilment

Start your journey today.

17. Adopt Healthy Habits

Successful habits could include:

  • Frugality
  • Positivity
  • Networking
  • Setting goals
  • Taking action
  • Reading books
  • Waking up early

It takes around 66 days for a new behavior to become a habit. Take the steps today to make a better tomorrow.

18. Choose Your Partner Carefully

86% of millionaires are married – and 65% are still in their first marriage.

Marry someone who is:

  • Frugal
  • Mindful about money
  • Supportive of your money habits

Marry someone with a winning financial mindset.

19. Read Daily

People who read 7+ books per year are 122% more likely to become millionaires. Warren Buffett reads 80% of his day and Bill Gates reads 50 books per year.

Read books on:

  • History
  • Biographies
  • Personal development

If you want to succeed, you have to read.


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