5 Rules for Creating Lasting Wealth
Update: 2024-12-04
Description
Kris Krohn shares five essential rules for creating wealth, especially for those starting with nothing. He emphasizes the importance of budgeting, setting financial goals, and saving a significant portion of income, while avoiding lifestyle creep that erodes savings. Kris also stresses the value of choosing a partner with aligned financial goals and paying off high-interest debt to build a solid foundation. Finally, he advocates for investing in real estate as a proven method to build wealth, leveraging both appreciation and passive income.
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