Ten Simple Rules to Build Wealth

The last few days I have been working on the next installment in the Acquiring Wealth series of articles I started. I asked my wife to read what I had written and she told me, "It sounds like a really lame text book." I looked back and she's right. Now, I'm going to try another approach to deliver the same information called Millionaire Rules. Over the next couple of weeks I am going to write a post for each rule explaining it in detail. These will be the rules that I will live by in my path to wealth and I'd like to share them with others that may benefit as well.


Ten Millionaire Rules:

1. Write Down Your Goals
2. Create a Spending Plan / Track Your Progress
3. Learn to Say "No" to Your Wants (and those of others)
   
4. Set Up Automatic Savings
5. Save an Emergency Fund
6. Payoff Debt (except a mortgage or federal student loan)
7. Fund 401(k) to Get the Full Match
8. Fund a Roth IRA to the Limit
   
9. Buy a House and Cars You Can Afford
10. Generate Multiple Income Streams

To some extent I already practice some of my rules and others will need more work. Subscribe to my RSS and keep an eye out for the full articles for each rule.