Rule 27: Understand That Money Begets Money

Here’s the truth: money makes money. Money is similar to gravity; the larger the mass, the greater the attraction. It grows quickly & quietly. The rich get richer; the poor get poorer. Yes, that’s fucked up. But it’s largely true because of behavior. Wealthy people tend to hang on to money and poor people give it away. Now we can do something about it or we can bitch about it. You decide.

Most people have never seen their money make money, and it shows. We’re going to learn the concept of compound interest soon because it’s vitally important that you understand how to use it and how it’s being used against you. You’ll need to make it a cornerstone in your building of wealth. We’ll talk more about this but I’m not going to do all the work for you. That would be too easy and you’d learn nothing. Wealthy people understand the concept of compound interest, and the rest of us don’t.

If you spend all the money you get, then this rule will never work for you; you’ll never get your money working for you. You have to continually set aside money to increase its gravity. Look, I’m talking space but this shit isn’t rocket science, but it is amazing how many people simply don’t get it. Stop giving your money away; keep it and let it grow.