
Life rules to help you get rich
Mark Minervini is a stock trader and writer. Here’s a take on his nine rules to get rich:
1. Go where the money is - choose a career with good conditions for money making.
2. Forget about money - once you’ve chosen a career, stop thinking about money and instead focus on becoming really good at what you do.
3. Think in decades not years - wanting to reach goals too fast will make you quit too easily.
4. Leverage yourself - make sure you use the right tools and team up with the right people.
5. Live modestly until you are at least a millionaire - don’t spend on fancy stuff until you’re actually rich.
6. Follow the 10% rule - don’t spend more than 10% of your wealth on things that lose value once you start using them.
7. Only lend what you are willing to give - give friends and family money gifts that you can afford but don’t expect them to pay back. That will keep you from losing relationships over money.
8. Never lay odd - think in odds or probabilities when making money decisions. What are the odds of winning or losing?
9. Consider your savings at zero - don’t eat into your savings during tough times. Instead, make adjustments and cut your expenses as if you had zero in the bank.
Reference shelf:
Top Mental Qualities for Stock Trading, Investing From Mark Minervini (Business Insider)
Arguing with an open mind is a success strategy



