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The 21 Rules of Money

Updated: Feb 13

1: 70/20/10 - Live on 70% of your income, invest 20% and give away 10%.

2: If you can’t buy something with cash, don’t buy it with credit (other than car or real estate).

3: Have six months of living expenses in cash but no more than that.

4: Don’t waste money.

5: Don’t spend money based on emotion.

6: When investing your money, do your due diligence, then do it again.

7: Think four generations in the future before you spend or invest your money. Will it benefit my children’s children?

8: Never carry a credit card balance unless it’s at 0%.

9: Never have all your money in one account. (Read Profit First if you haven’t)

10: Never have all your money in one investment (unless it’s your first deal).

11: Never spend more than you can truly afford. You have to know what you can afford.

12: Don’t spend money solely to impress others, the Joneses are broke, you just don't know it.

13: Make sure the reward always outweighs the risk.

14: Treat your money as if you worked hard for it, even if you didn’t.

15: Never work for the same dollar twice.

16: Manage and adapt your budget monthly.

17: Know your numbers (this is most people’s biggest issue)

18: If it sounds too good to be true it is, trust me.

19: Inform yourself of how taxes work and pay accordingly, get a good CPA.

20: Never rely on just one source of income, the average millionaire has seven.

21: Spend your time earning money until you can spend your money earning time.

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Hello everyone!  Richard and Kaitlin here—we have been married for over 12 years, have 4 amazing children; Macy, Meredith, Mac, and Mia. We are small business owners & entrepreneurs, lifestyle & travel bloggers,  volunteer and serve on several non-profit boards, we are full-time spouses, parents, and we love to Live It Full! We enjoy fishing, hiking, camping, golfing, trying new restaurants, and of course traveling. Most importantly we love to do it all as a family. We've drug our kids all over the world from the time they were in diapers and we've got no plans to slow it down any. 

"How many are your works, Lord! In wisdom you made them all; the earth is full of your creatures. There is the sea, vast and spacious, teeming with creatures beyond number—living things both large and small. " Psalm 104:24-25