The one rule every person should live by
/One rule every single person should live by:
If you can’t afford to live for 8 months with 0 income and no major change to your lifestyle, you either:
Are not earning enough; or
Are spending way too much.
Obey this rule.
That’s all it takes to achieve FINANCIAL FREEDOM.
Why 8 months?
6 months to find a job / source of income.
2 months worth of expenses to deal with unexpected and sudden expenses (e.g. you crash you car, you get seriously sick, someone needs financial help, etc).
Oh, and if you have debt, make that 10 months!
If you’re not able to live for 8 months with 0 income:
You should be working your ass off to CREATE INCOME.
You should be working your ass of to create MULTIPLE SOURCES of income.
You should be working your ass off to get OUT OF DEBT.
You should NOT BE TAKING VACATIONS.
You should NOT BUY anything that’s not necessary.
If you’re not able to live for 8 months with 0 income, you should be:
Working
Eating
Sleeping
Exercising
Taking care of your family
Learning & improving.
That’s IT! Until you achieve this you shouldn’t be spending significant time on anything else!
You break this rule:
Your sleep will suffer
Your mental health will suffer
Your physical health will suffer
Your relationships will suffer
