Steps to become wealthy

Steps to become wealthy

How to Build Wealth and Enjoy Life:

Rules to live by:


Building wealth and achieving financial success is a goal that many people strive for. However, it requires discipline, smart decision-making, and a clear understanding of how to manage your money effectively. In this article, we will explore three essential money rules that can help you build wealth and enjoy life to the fullest. These rules, shared by self-made millionaire and author Ramit Sethi, provide a practical framework for making financial decisions that align with your goals and values.

1. Save and Invest a Portion of All Income

One of the fundamental money rules that Sethi emphasizes is the importance of saving and investing a portion of all your earnings. This rule serves as the foundation for building wealth and achieving financial independence. By consistently setting aside a portion of your income, you can create an emergency fund, save for future goals, and grow your wealth over time.

Sethi suggests allocating a specific percentage of your income towards savings and investments. While he recommends saving 10% and investing 20%, it’s essential to adjust these numbers according to your financial situation and goals. The key is to develop a habit of regularly setting aside a portion of your income, no matter how small, and making it a priority.


2. Allow for “Unlimited Spending” in Certain Categories

While it’s essential to save and invest, it’s equally important to enjoy the present and spend money on things that truly matter to you. Sethi encourages the concept of “unlimited spending” in specific categories that hold significance in your life. For him, these categories include health, books, and friends’ fundraisers.

The idea behind this rule is to allocate a portion of your budget to areas that bring you joy, fulfillment, and personal growth. It could be fitness classes, hobbies, or supporting causes that align with your values. By allowing yourself the freedom to spend in these areas without guilt, you can create a balanced approach to managing your finances while still enjoying the present.

It’s crucial to note that unlimited spending doesn’t mean reckless spending or accumulating debt. It means consciously allocating resources to areas that bring value and happiness to your life while staying within your means.

3. Consider the Financial Side of Personal Decisions

Financial decisions are not limited to saving, investing, and spending. They extend to various aspects of our lives, including relationships, career choices, and lifestyle decisions. Sethi believes that considering the financial implications of these personal decisions is crucial for long-term financial success.

For example, Sethi emphasizes the importance of being thoughtful about the financial aspects of marriage. Marriage is a significant financial decision, and understanding its impact on your financial future is essential. It’s crucial to have open conversations about money, financial goals, and shared values with your partner before making a long-term commitment.

Similarly, personal decisions such as prioritizing quality time with loved ones or pursuing a flexible work schedule can also be considered as financial decisions. These choices may require financial stability and planning to support the lifestyle you desire. By integrating financial considerations into your personal decisions, you can align your goals and values with your financial journey.


Building wealth and enjoying life go hand in hand when you have a clear understanding of how to manage your money effectively. By following these three money rules – saving and investing a portion of all income, allowing for “unlimited spending” in certain categories, and considering the financial side of personal decisions – you can create a solid foundation for long-term financial success.

Remember, these rules should be personalized to your financial situation and priorities. Take the time to assess your goals, values, and aspirations, and craft money rules that align with your unique circumstances. With discipline, consistency, and a clear vision, you can build wealth and create a life that brings you joy, fulfillment, and financial security.

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This Post Has 3 Comments

  1. Antony Dicosta

    I think in my opinion mostly is to set financial goals which is the main score according to your income.

  2. Carson Anekeya

    An inspiring perspective.

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