What’s your personal finance strategy? If you asked me a few years ago, I would probably laugh it off: “I’ll leave that for tomorrow.” Dumb move. No wonder my net worth was much lower then.
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.
Once I realized that I got serious about money. But I didn’t focus on making more money—a mistake that many of us make. We always think more cash is the solution to everything.
“All my problems will be solved once I have a little bit more cash on hand.” Sorry to disappoint you, but that will never happen. As your bank account grows, your problems will too.
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 the solution to all our problems is more money. 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, I’ve created 5 money rules for myself.www.wimbur