Lesson 2: Spending money in the right order
To build a house, it isn’t enough just to have the materials, the tools, and the know-how; you have to build in the right order or the structure will never stand. Imagine a builder who tried to hang a ceiling fan before he finished putting up the walls. When building generational wealth, you must follow the right steps, which involve administering your money in the right way.
Throughout the centuries, the wealthy citizens of the world have followed a simple formula whenever they must spend their money, and this formula has allowed them to protect their wealth and to make it last from one generation to the next. If you can learn to follow it, then you can guarantee your financial success. In what order do the wealthy spend their money?