10,000 Hours: You Become What You Practice

My highlights and comments

"Know your numbers

Wealthy people know where their money goes. They keep track of their expenditures and check on their statements monthly or more. They know how to read financial statements. They stay on top of their finances because they know how quickly it can be lost. Many wealthy people have lost before, and learned the painful lessons that now make them smarter with their money." ("THE PRACTICES OF WEALTH" section)

I keep track of the distribution of my salary in things that I need to buy every month. I calculate how much I have after paying all bills and regular expenses to know how much I can really expect to have every month and how long my money can last. I also have a budget and spend money responsibly based on my income.

Created: 2021-08-07 09:48:40 Last updated: 2021-08-07 09:48:40