Habits For Growing Wealth: Your Money
Other Habits to Grow Your Wealth:
- Max out your retirement savings every year (Paula)
- Pay bills a month in advance (J$)
- Set your bills on auto-pay (Paula)
- Pay more on your debts to reduce the liabilities (J$)
- Pay cash for an income-producing rental property (Paula, of course!)
- For rental properties with mortgages: Double the principal portion of the payment and round up to the next round dollar amount (Paula)
- Keep a buffer of money in your checking account (J$)
- Increase savings by 1% every month (Paula)
What are your favorite M.O.N.E.Y habits? Comment below!
Some Missions to try:
- Do something to save 1% more of your income this month
- Sell something on Craigslist every Friday
Resources mentioned:
- Paula’s “Take the One Percent Challenge” (includes link to Paula’s One Percent Challenge Facebook Group)
- J. Money’s Net Worth tracker
- J was surprised by the amount he was able to save after participating in a “No Spend Challenge”
Find more at http://podcast.affordanything.com/. I am literally a random person loving this podcast and wanting to grow my wealth haha.
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