50 Simple Money Tips I Wish I Knew Sooner

Rich people don’t build wealth by applying what they learned in school and saving their money.

The true secrets to wealth and financial success are things that aren’t taught to the masses. It’s up to you to go and find the answers.

But the good news for you?

You’ve found us, and we’re on a mission to end financial illiteracy.

This, is the 50 money rules that separate the rich from the poor.

1. 91% of people are living paycheck to paycheck.

Financial education isn’t a luxury.

In 2024 and beyond, it’s a necessity.

2. The word currency comes from the term current.

Like an electrical current.

A current only works when particles are moving.

In other words, money is not meant to be kept still.

3. Money isn’t a store of value.

Fiat currency is a medium of exchange between parties for goods and services.

Inflation eats into the value of money each year.

Start investing it, or spend it.

4. Invest in every aspect of yourself.

You’re guaranteed to get a great return.

Invest in your physical, social, financial and mental health for a better life.

5. Respect your money.

If you fail to respect your money, it will soon fall into the hands of somebody who does.

Money is a terrible master, but an excellent servant.

Look after it, and it will look after you.

6. Never spend money you don’t have.

Every time you borrow money, you’re robbing your future self.

Sure, some debts are good for you, but generally speaking, it should be something you avoid unless you know what you’re doing.

7. Rich people get richer because they buy assets.

Stocks, ETFs and real estate go up in value, so they make people wealthier.

Poor people get poorer because they have poor spending habits and buy liabilities.

Often, this is to make them look richer than what they are.

Why try to look wealthy when you can actually become wealthy?

8. Nobody cares about your instagram posts.

Don’t buy to impress others. Spend to make yourself happy.

Spend to make your future more secure.

Spend to free up your time to do the things that you enjoy.

9. Most of the money you spend will end up with a billionaire.

Think about it.

Everything that you pay for, where does the money go?

Pay attention to where you’re spending.

10. What you do with your money is most important.

How much you make is crucial.

But, someone who earns $5,000 and saves $1,000 is financially better off than someone earning $8,000 and living paycheck to paycheck.

11. Treat your financial situation like building a skyscraper.

Build a strong foundation to be prepared for all situations.

Why bother with all the fancy architecture if it’s going to fall over in a light storm?

12. Money is not the root of all evil.

Money is the solution to more of your problems than you think.

Calling money evil is just one way to deter you from wanting to become more wealthy.

13. Create an emergency fund.

You can’t predict unforeseen events, but you can prepare for them.

The peace of mind you’ll gain from this is priceless.

Avoid the need to borrow money, by becoming your own mini lender.

14. Money is a strong indicator for how much value a person provides to society.

Want more money?

Provide more value.

It’s as simple as that.

15. Have a long term mindset for whatever you do.

The person that delays gratification the longest will always end up on top.

People typically fail for one reason…

They give in too early.

16. Money can buy you happiness.

Another money myth to deter you from aspiring to become wealthy.

It won’t do it with a direct transaction, but it will buy you the time you need to spend more time on what you enjoy.

17. Patience will make you wealthy.

Understand compound interest, and how it can help you retire decades before your peers.

As Warren Buffett quotes, “investing transfers money from the active to the patient.”

18. There’s little downside to starting a side hustle.

Make sure you’re smart with it, and start by keeping costs to a minimum.

Stick at it for a while, and you might be able to replace your job in the near future.

19. There’s little more fulfilling than entrepreneurship.

Making money as an entrepreneur is much harder than making money as an employee.

But, that’s what makes it so rewarding.

Try it for yourself.

You’ll get hooked.

20. You can never have too many streams of income.

The more you have, the less risk you have of financial strain.

Dividends, businesses, side hustles, a salary.

The more, the better.

21. You don’t need to be wealthy to invest.

The rich didn’t start investing once they became rich.

They got rich because they started investing.

Anyone can invest, and you should be investing for your future.

22. The richest 50 families in the UK have more wealth than half of the entire population.

Isn’t this alarming?

Sure, we all have bills to pay, but try to spend as much of your money to better your future, not somebody else’s.

23. Cash is not king. But, cash flow is.

Like I said earlier, cash is always losing value to inflation.

Make sure your money isn’t sitting still.

Either spend it on the things that make you happy, or put it to work to build for a better future.

24. Prioritise your time over your money.

There’s always more money to be made.

Time, though, is gone forever once it’s passed.

Too many people spend their entire lives trading time for money.

Don’t be this person.

25. Create a budget for your finances.

A budget may sound boring, but it’s super important for building wealth.

The more you know about your financial situation, the better.

26. You can’t build wealth by saving.

Saving is what banks tell you to do, but in truth, they’re just like any other high street store wanting your business.

Learn how to invest and start making your money work for you.

27. Those in power don’t want you to be successful.

If they did, the education system would be a whole lot different.

A harsh truth, but it had to be said.

28. Education is crucial to building wealth.

Formal education will make you a living.

But, self education will make you a fortune.

The more you learn, the more you earn.

29. The content that you consume will have a big impact on your future.

Whether this is books, TV shows, or social media content.

Make sure you’re consuming value, and not junk designed to steal your precious energy.

30. Spend as much money as you can building for your future.

Investments, businesses and side hustles are things anyone can do in their spare time.

Use your money to build for your own future, not the future of others.

31. Material possessions aren’t a sign of wealth.

Sure, we’d all like a Lamborghini, but priorities are important.

The biggest sign of wealth is how much control you have of your time.

32. Account for inflation when making large purchases.

Inflation is the invisible tax for a reason.

Don’t buy a house or a car only to realise a year later that you cannot afford it.

33. Start investing as soon as possible.

With a long term mindset, there is never a bad time to start investing.

Time in the market is just as important as the money you’re investing.

34. You can only save 100% of your income, and even that’s impossible.

You can only cut costs by so much.

When you want to increase your disposable income, focus your attention on making more money.

35. Everything to do with building wealth is geared towards one thing: Assets.

Buying assets.

Building your own assets.

The more you own, the wealthier you become, and the happier you become.

36. Don’t spend your money to impress people you don’t like.

The constant desire to impress others is incredibly toxic.

Forget about the image.

Spend your money on things to benefit you.

37. Time and money are your two most valuable assets.

Time and money are the most versatile assets you can own, and can be invested into many different ventures.

Use them wisely.

38. The people around you will have a big impact on your future.

Choose wisely who you spend your time with.

As Dan Pena once said, “show me your friends, and I’ll show you your future.”

39. If you want to start a business, choose an industry with wealthy customers.

The more money your customers have, the greater the earning potential.

Go where the money is.

40. Wealth is worthless if you have poor health.

There’s no point being rich and free if you can’t see your toes, feel sad or have neglected basic social skills.

41. School doesn’t prepare you for a life of freedom.

It prepares you for a life of work.

Unlearn what you’ve been taught and spend your spare time learning practical, high value skills.

42. Unfortunately, get rich quick schemes don’t exist.

You build wealth through providing value, combined with financial discipline and education.

43. You make your own luck through consistency and hard work.

Those that got lucky did so because they earned it.

Only the lazy and the unproductive claim others are further ahead because of luck.

44. Material goods won’t fix your problems.

There’s no use for a Lamborghini if you’re unhealthy, stressed out and too busy to enjoy it.

It’s all about priorities.

Make sure yours are in the right order.

45. Not all debt is bad.

Some are, but not all of it.

It all depends on what you’re going to get in return.

But, for the average person, it’s best to avoid it at all costs because of high interest rates.

46. The only people who benefit from social media are the creators.

Use social media for your benefit, not to benefit other people at your expense.

Social media should be used for you to build your own brand, not to watch other people build theirs.

47. Money will help you build your dream life.

Don’t let anybody tell you otherwise.

Like I said, along with time, it will be a super valuable asset for you to build with.

The only problem you might have is not knowing what to do with it.

48. Money can buy anything.

Material goods, of course.

But time, happiness, freedom, and love are all things that can be bought, if you know how to use it.

49. You cannot “make” money.

Only central banks can do that.

Instead, think of the idea of taking money.

You do this by providing great value to those who have a problem that you can solve.

50. We’re on a mission to end financial illiteracy.

Make sure you give us a follow.

You’re gonna want to stick around for more on what they didn’t teach you in school.

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