Three Rules of Wealth (Book Review)

How to Get Rich in America is a pamphlet that gives three simple rules of wealth. Join me as we discuss the concepts from the booklet.

The three rules are summarized below:

1. Creating a stable income base is important because it allows us to minimize debt and focus on investing.

2. Saving early allows you to take advantage of compounding interest. This is a perfect application of the rule of 72.

3. Saving a lot, whether as a percentage of income, or actual dollar amount increases the end value of your savings.
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