60 Simple Rules of Personal Finance

60 Simple Rules of Personal Finance

A while back, I was asked to give an hourlong presentation where I talked about my key principles of personal finance. I chose to give a presentation where each slide was available for about a minute with one simple rule on each slide, giving me a minute to discuss that rule. Thus, I ended up coming up with 60 short and simple rules for personal finance.

I would happily share the presentation with you, but I’m not sure of the copyright nature of some of the images used. Instead, I’m just going to present the 60 rules, along with my quick personal thoughts on each rule.

Of course, not everyone will be able to follow each rule all of the time. However, the more you follow these “rules,” the better your financial situation will become.

#1 – Spend less than you earn

If there is a single fundamental rule of personal finance, it’s this. You have to spend less than you earn and put away that difference for the future so that you can still survive and thrive when you’re older and don’t have the opportunities and energy of today. Without your earnings being greater than your expenses, you simply cannot achieve big financial goals without some sort of miracle – and you should never bet your future on a miracle.

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