RULE 31

Understand that your financial needs change at different stages of your life

Some cultures allow for a different focus, a different strategy, during different stages of your life. For instance, up to 20 might be for being young and foolish and getting an education. Age 20 to 35 could be for getting married and raising a family. Age 35 to 55 might be for running your business and making your fortune. Life after that is for spiritual contemplation and retirement from the commercial world.

ALLOW FOR A DIFFERENTFOCUS, A DIFFERENTSTRATEGY, DURINGDIFFERENT STAGESOF YOUR LIFE

Essentially, your financial needs change over time, reflecting what is going on in your life at any stage, and the choices you make in your lifestyle at that time. ...

Get The Rules of Wealth, 4th Edition now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.