Six Financial Rules To Become a Millionaire

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Six Financial Rules To Become a Millionaire
Here are six financial rules to help you become a millionaire, Don't miss it out.
Everyone in this world is interested in becoming a millionaire. But, most of them miss a roadmap to it. Here are seven rules that will make you happier, and richer and would enable you to have a better career.
80/20 rule.
Your 20% directed effort gives you 80% results. Therefore, being a perfectionist doesn't help in most cases. This is one of the central things they teach you in management consulting.
21–90 rule.
You can use this rule to build a good productive habit. You can practice a good habit for 21 days. This would be your period of reluctance. After that you can follow it for 90 more days. This would take you from not really liking an activity to turning that activity into a habit (21 days) to somewhat enjoying it (90 days).
70% income saving rule
If you could save 70%+ of your income. With no inflation in lifestyle (i.e you won't run after a bigger car, house, etc). if you do this for 10 years straight. You are financially free. And, can technically stop working for money. Is it tough? Of course, but a worthy target to keep in mind.
Don't boil the ocean rule.
You can't read every book and every article. So learn more from consuming less. With over a million options for everything, this skill is going to become increasingly important to carve out a strong career.
Create a safety net (always).
Financial safety net: Save 6X-12X of your yearly expense. This will help you in terms of emergencies when you need money for immediate requirements. Career safety net: Build monetizable skills. For example, these days if you know video editing, you can easily make up to 50K per month (no degree required). And, it doesn't take an insane amount of time to learn. Safety nets allow you to take bigger and bolder risks.
Enjoy the life rule (8–8–8 hours rule)
Always make time for things you enjoy. The way we should save first and spend later. Similarly, we should live life first (ideally) and stress about it later. This 8–8–8 rule is great. Spend 8 hours on you+ family; 8 hours work and 8 hours of sleep.
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