Here it is, Buck’s manifesto to becoming wealthy*. Follow these do’s and don’ts and you will be bucking-the-trend better than the majority of Americans when it comes to being financially savvy.
They are black and white for a reason – they can be followed by anyone and are not dependent on income level. I’ve purposely omitted calling out a specific savings rate – this is largely a personal choice and is often variable and difficult to stick to given life’s peaks and valleys.
I promised this blog wouldn’t be full of a bunch of advice as there are multiple ways to skin the wealth-building cat. However, it seems any PF blogger worth their financial salt has their go-to wealth-building tip that they feel most helped them get to where they are.
For some, it is to never own a car and live in an area where you can bike to work. For others, it may be that dividend, index fund, or peer-to-peer investing trumps all else. Further yet, buying rentals and becoming a landlord is another silver bullet that some may preach.
All of these are doable and great options. However, the only way to get to a point where you can do these things is to have the money to do so first.