5 Money Rules That Will Increase Your Net Worth

What’s your personal finance strategy? If you don’t have a personal finance strategy, there’s a chance you will never get wealthy. The average millennial earns $40-$50K a year and has $20-$40K in student debt in the US.

But the high-achieving millennial earns up to 7X more than the average. The same is true for people of all ages. The difference between average earners and above-earners is huge. I started to take money seriously after I realized that.

We constantly believe that the answer to every problem is more money. Yes, earning more is important not only for your bank account but for your career development. As you get better and have more experience you can earn more.

But we must stop thinking that more money solves all our problems. We’re better off by creating a strategy that helps us to manage money better — that alone will help us break away from the average earners. To do that, look into the 5 money rules below:

1. Desire Less

Here’s some common sense: earning money takes longer than spending it. You put in thousands of hours to earn a particular amount of money, which you drop all on a watch, a new car, a lavish vacation, or anything else you desire.