3000: 7 Rules on How to Grow Wealth: Growing Wealth Slow, but Sustainable by The Editors of Get Rich Slowly

Optimal Finance Daily - Financial Independence and Money Advice

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 3000:

In "7 Rules for Growing Slow (But Sustainable) Wealth," the editors of GetRichSlowly.org outline a clear framework for building lasting financial security. From prioritizing net income over gross, to diversifying income streams and leveraging investments strategically, these principles emphasize steady, long-term growth. The goal is not overnight success, but a decade-long journey towards financial independence through discipline, risk tolerance, and smart scaling.

Read along with the original article(s) here: https://www.getrichslowly.org/7-rules-for-growing-slow-but-sustainable-wealth/

Quotes to ponder:

"Think net instead of gross increasing your net income by lowering your taxes is no different than raising your gross income."

"Create budgets to save some and invest the rest. This by itself is a savings account with minimal risk that leads to much better returns."

"Scaling is your ability to add different types of investments to your portfolio based on the size of your wealth."

Learn more about your ad choices. Visit megaphone.fm/adchoices