1. 9 Rules for Success

2.  Place 1,000 dollars in immediately  Build the fund to cover 6 months expenses  Don’t touch this money

3.  Your net worth is everything you own minus everything you owe.

4.  Therefore, you must invest your net worth to beat the inflation rate.

5.  Offense: A good salary and wise investment.  Defense: Limit debt to things that go up in value (education, house)

6.  We must start NOW!  The Rule of 72 demonstrates that time is the key to vast net worth accumulation.

7.  Get in the habit NOW, of putting 10% of your take home pay into an investment.  Direct deposit puts the cash in the investment before your hot little hands can spend it.

8.  If a portion of your investments are going to a specific objective not far in the future, take little risk.  The majority of your investment should be LONG TERM

9.  Risk tolerance dictates what types of investments suit you.

10.  Loan it: Bonds  Own it: Stocks

11.  You can buy bonds from corporations or the government.  These are generally safe investments with a stated rate of return.

12.  Stocks represent part ownership.  You can purchase individual shares, or you can invest in mutual funds.  You can gain a lot, or lose a lot.

13.  Young people are in an excellent position to take more risk.  Their time horizon is vast.  They can recover in downturns, and accumulate copious amounts of net worth.