Money rules help simplify my day-to-day choices.
Youâll create your own rules by the time youâre done reading this newsletter. đŞ
Today in 10 minutes or less, youâll learn:
đ¤ Why create money rules at all?
â 18 money rules I use to guide my life
đ§âđť Money rules from a Harvard-trained economist
đ§ Exercise: Craft your own money rules (+ Example)
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â 18 money rules I live my life by
I think every person should create rules of thumb on spending, saving, and investing. Hereâs why:
Simplifies choices. In a busy modern life, this helps with guiding daily decisions.
Rule of thumb, not absolute. These rules are meant to be signposts, not a stern schoolteacher. Youâll always encounter exceptions.
Unique to you. Writing your own rules helps you take responsibility for your own life. You can (and should) design these rules to reflect your personal values.
Here are my own rules:
