Mary Hunt, a renowned finance expert, presents a straightforward and practical guide to achieving lifelong financial stability. The book distills her 20 years of experience into seven simple principles, applicable to every income level, to help individuals get out of debt and manage their finances effectively.
The 7 Money Rules:
Spend less than you earn: Understand the difference between needs and wants, and prioritize saving and investing.
Save for the future: Set aside money for emergencies, irregular expenses, and retirement.
Give some away: Cultivate a habit of charitable giving to foster gratitude and generosity.
Anticipate irregular expenses: Plan for unexpected costs, such as car repairs or medical bills.
Tell your money where to go: Create a budget and allocate your income wisely.
Manage your credit: Use credit responsibly and avoid debt.
Borrow only what you can repay: Avoid overspending and maintain financial discipline.