FOLLOW THIS RULES TO BECOME RICH
Rule 1
Money is covered only by the words of those who govern those countries.
Rule 2
Monitor your expenses ( Even the tip you give to a stripper)
Rule 3
Don't gamble
Rule 4
Don't invest in women (gold diggers)
Rule 5
A investment is a operation that allows you to recover the initial amount invested and it will generate you a profit after rigorous/logical/rational analysis
Rule 6
Diversify ,but put your eggs only in things you understand and things that gives you pleasure /joy to find out more information and to analyze them.
Rule 7
Invest in things that do not expire or have a long shelf life and that provide you with a stable income. Example: Land that you can cultivate and build on it at the same time.
Rule 8
Evaluate the things you want to invest in ,and try to buy them at a discount.
Rule 9
Use compound interest as a tool ,and your ROI/yield should be greater then losses caused by taxes,fees and inflation.
Rule 10
Do not enter in conflict with governments,countries you will LOSE.
Rule 11
People can be greedy,power and money corrupts,accounting data can be faked and companies can use different standards to do the math,and people can lie about the things they want to sell or to get rid of .( Why would you want to sell something that is generating income ? )
Rule 12
Create contacts and educate yourself
Rule 13
Do not let inflation corrode your money ,move it but do not move it to much else you will lose it in bank fees,taxes etc ... money is like water.
Rule 14
Get rid of vices (Smoking,drinking,coffee etc)
Rule 15
If interest is compounding,that means inflation is compounding also.
Rule 16
Optimize your expenses when you invest in something ... find how much are the taxes,fees etc on the thing you want to invest..before you invest in it.
Rule 17
To invest you need capital ,you get it in time with work and sacrifices ,drop by drop.
Rule 18
Value of a thing is given by how much someone wants that thing in a moment in time ,
If i am in the Sahara Desert now and if can't find water in a 1000km range and if don't have a car ,water is worth more then gold.If you live next to a river with clean water ,water is worth zero to you.
Rule 19
Land,Proprieties that are next to intersections/crossroads are worth more then does that are not .
Rule 20
Safe money is more valuable then risky money .
Rule 21
If the investment has a good manager and a low return then the investment is a bad investment .
Rule 22
Invest in people and their skills / qualifications .
Rule 23
Don't invest your money all at once ,life is like a roller coaster.
Rule 24 The Most Important Rule
If your rich,famous,powerful ,beautiful,healthy,loved that does not mean you are smart ,or your parents/family are smart . It's just your fate given to you .
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If i would have listen at the right time ... i would have been rich now .
Thank you for all this rule an the most rule I really liked is rule number 24 .This rule thought me so far and I've learned also to the other rule and I won't forget all of this ,cause maybe someday i became of them to.