The Weekly Tutorial: The Money Rules

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RULE 1: Save, then spend. Not spend then save.

If you wait until you have sufficient 'spare' money to start your saving, you'll find it never happens, as the more we earn the more we spend. So just save. The habit is the key thing.

Once you have assets you have power. But if you are always in debt you are in a weak position when it comes to your dreams, your decisions and your day-to-day motivation.

Once you start saving, learn the power of compound-interest.

Once you start saving learn the cost of debt.

Then you will have enormous freedom.

More tomorrow at 0700.