A great book by George Clason with concepts worth looking over. The book illustrates the importance of saving and investing early; most importantly the development of key habits to help establish improved financial wealth. Take action in cultivating rich habits:
- Pay yourself first. Save at least 10% of your income (the more the better).
- Make money work for you by creating passive income streams. Do not save just for the sake of saving; save to acquire profitable investments!
- Live below your means. It’s how much you keep, not how much you earn which determines whether you’re wealthy or not.
- Utilise the effects of compounding. Whether its habits or money, the power of compounding over an extensive period of time leads to great returns/rewards. In other words, you reap what you sow!
