Maybe wealth is as easy as saving 40 percent of your gross?
And of course, by saving, I mean investing.
This echos some of the ideas by Naval Ravikant and Donald Miller.
Three main points in all this:
- Do not buy liabilities that require a monthly expenditure.
- Only buy assets that generate a monthly income.
- For significant change, leverage is needed.
Honestly, saving 40 percent of profit is not a bad idea for a business either…
