Rule #5 – Death and Taxes
We’ve all heard the famous quote by Benjamin Franklin, “In this world nothing can be said to be certain except death and taxes,” but what does it really mean? Well, financially speaking, taxes are going to be one of the single largest investments that you have to make. You must understand tax law and plan your finances accordingly or end up in hot water.
Too many people ignore this rule until it’s too late. Don’t fall into this trap. Plan ahead so that you can get ahead. Understand your tax implications, especially if you plan on embarking on new endeavors such as launching your own company, or engaging in some investment. Don’t procrastinate! Plan it out!
Rule #6 – Add Value to the World
To absolutely get ahead in life and exit the rat race you must always be adding value to the world. No matter what it is, wherever you go, whatever you do, however you act, always add value. If you find yourself trying to do the least amount of work for the most amount of pay, you won’t find yourself making very much long-term progress. You’ll be stuck in neutral, spinning your wheels, like a car caught in the sand on a deserted beach.
However, when you add value, and I mean real inherent value, then anything is possible. Focus on giving as much of yourself and your time in exchange for money. If you work a menial job, do it to the absolute best of your abilities. Don’t try to do as little as possible. Work hard, and eventually you’ll get ahead. It won’t happen overnight; it never does.
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