Comments on: How To Be Rich: 10 Rules To Grow Wealth https://thecollegeinvestor.com/17564/10-rules-to-get-rich-and-grow-wealth/ Navigating Money And Education Sat, 17 Feb 2024 19:31:04 +0000 hourly 1 By: Greenbacks Magnet https://thecollegeinvestor.com/17564/10-rules-to-get-rich-and-grow-wealth/#comment-361927 Fri, 12 Jul 2019 22:42:10 +0000 https://thecollegeinvestor.com/?p=17564#comment-361927 I have literally coached people on rule #9. Anyone that isn’t there to help you be a better person is hurting you. They’ve got to go.

And you must pay yourself 1st. Every year I try to increase my savings by 2%. Over 5 years that’s a 10% increase in savings. I was able to start saving and investing 41% of my income. It took years! So remember that all good things come in time.

]]> By: Jean-Francois https://thecollegeinvestor.com/17564/10-rules-to-get-rich-and-grow-wealth/#comment-339428 Thu, 19 Jul 2018 03:16:19 +0000 https://thecollegeinvestor.com/?p=17564#comment-339428 Hello Robert,

I hope all is well.

You did an amazing job here. You essentially gave away my recipe for financial success ( or even at life we could say!) and I couldn’t agree more on the rules themselves, but also the order and the way you interpret it. I love so much your way for defining the ideal saving rate : It has to hurt! It must force you to make an effort. You nailed it and it is so accurate. Only when an effort is required can there be progress, which is essential when trying to tackle life goals like becoming financially independent.

Thank you for sharing your knowledge and providing an opportunity for anyone searching an answer about building wealth, which is serious, credible and accessible.

It doesn’t matter how much debt you currently have, or how little investments you have. the only thing that matters and that you control is your next action. Are you going to start taking concrete actions to secure your finance ? If the answer is yes, then the list is yours!

Wish you continued success and looking foward to reading other great articles like this one Robert.

Best regards,
JFLD

]]> By: Robert Farrington https://thecollegeinvestor.com/17564/10-rules-to-get-rich-and-grow-wealth/#comment-296085 Wed, 30 Mar 2016 03:40:12 +0000 https://thecollegeinvestor.com/?p=17564#comment-296085 In reply to Kurt.

I agree – it’s not about living in poverty, but it is about making small choices today to live better tomorrow.

]]> By: Kurt https://thecollegeinvestor.com/17564/10-rules-to-get-rich-and-grow-wealth/#comment-296070 Tue, 29 Mar 2016 15:35:24 +0000 https://thecollegeinvestor.com/?p=17564#comment-296070 Of these my favorite is ‘you need to save until it hurts.’ People often wonder whether they’re saving enough. How to know? I think you need to save until, as you say, it hurts, at least a little bit. If you’re not forgoing at least one purchase a day, you’re probably not saving enough.

]]> By: Robert Farrington https://thecollegeinvestor.com/17564/10-rules-to-get-rich-and-grow-wealth/#comment-295395 Wed, 16 Mar 2016 23:06:51 +0000 https://thecollegeinvestor.com/?p=17564#comment-295395 In reply to tyler Philbrook.

That’s an awesome analogy about rocking in a chair. So true.

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