Getting Rich With Minimal Effort (My Master Plan)

If you’re looking for the next get rich quick article, or shady plan to make money quick, move on. This method is pretty much surely guaranteed, but the only variable that people do not want to consider is the time that it takes.

Personal finance is the management of an individual’s financial resources, including budgeting, saving, investing, and protecting against financial risk. It is important for everyone to have a basic understanding of personal finance in order to make informed decisions about their money and achieve financial stability.

There are many topics contained in the personal finance space, but there are a few basics that apply at all areas of finance.

Wealth is Not a Number, Its a Ratio

Simply put, if you make 200k a year, and you can cover all expenses by only spending 50k a year, one year of work will allow you 3 additional years of living. The game then becomes: how high can I make my income, and how much can I reduce my expenses?

Budget

One of the first steps in managing your personal finances is creating a budget. A…