The Rules of Wealth, 3rd Edition

RULE 62

Have a set time of day to work on your wealth strategy

You have to have a life as well as gaining prosperity. It is my observation that happy, wealthy people’s financial planning follows a similar set of four principles:

1. They set targets then get on with it.
2. They don’t tinker too much.
3. They tend to work on their financial planning at the same time of day. (I don’t mean everyone works at say 9am but that each person tends to favour a particular time of day whether it’s 10:30 in the morning or midnight.)
4. They are able to take a break from their financial planning and have a life outside it – it keeps them refreshed and interesting.

The reason you need a set time of day is twofold. Firstly, it makes sure you actively manage your wealth ...