{"id":19225,"date":"2025-01-09T15:32:41","date_gmt":"2025-01-09T15:32:41","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/finance\/10-rules-to-get-rich-and-build-wealth\/"},"modified":"2025-01-09T15:32:41","modified_gmt":"2025-01-09T15:32:41","slug":"10-rules-to-get-rich-and-build-wealth","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=19225","title":{"rendered":"10 Rules to Get Rich and Build Wealth"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-539047 size-medium alignright perfmatters-lazy\" alt=\"Robert Farrington\" width=\"300\" height=\"300\" src=\"https:\/\/www.sidehustlenation.com\/wp-content\/uploads\/2024\/05\/Robert-Farrington-300x300.jpeg\" srcset=\"https:\/\/www.sidehustlenation.com\/wp-content\/uploads\/2024\/05\/Robert-Farrington-300x300.jpeg 300w, https:\/\/www.sidehustlenation.com\/wp-content\/uploads\/2024\/05\/Robert-Farrington-150x150.jpeg 150w, https:\/\/www.sidehustlenation.com\/wp-content\/uploads\/2024\/05\/Robert-Farrington-65x65.jpeg 65w, https:\/\/www.sidehustlenation.com\/wp-content\/uploads\/2024\/05\/Robert-Farrington.jpeg 400w\" data-sizes=\"(max-width: 300px) 100vw, 300px\"\/><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-539047 size-medium alignright\" src=\"https:\/\/www.sidehustlenation.com\/wp-content\/uploads\/2024\/05\/Robert-Farrington-300x300.jpeg\" alt=\"Robert Farrington\" width=\"300\" height=\"300\" srcset=\"https:\/\/www.sidehustlenation.com\/wp-content\/uploads\/2024\/05\/Robert-Farrington-300x300.jpeg 300w, https:\/\/www.sidehustlenation.com\/wp-content\/uploads\/2024\/05\/Robert-Farrington-150x150.jpeg 150w, https:\/\/www.sidehustlenation.com\/wp-content\/uploads\/2024\/05\/Robert-Farrington-65x65.jpeg 65w, https:\/\/www.sidehustlenation.com\/wp-content\/uploads\/2024\/05\/Robert-Farrington.jpeg 400w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\"\/>Do you want to get rich? To build real, lasting wealth that can change your family\u2019s circumstances for generations?<\/p>\n<p>Prepare to be disappointed because there are no get-rich-quick shortcuts or overnight secrets.<\/p>\n<p>Building wealth takes time, discipline, and sustained effort.<\/p>\n<p>But the good news is you can absolutely do it, no matter your current situation or starting point. All it takes is following some proven rules and principles to put you on the path.<\/p>\n<p>I\u2019m talking about <strong>10 fundamental rules<\/strong> to help turn your financial dreams into reality. Joining me for this one is Robert Farrington, founder of the famous personal finance site <strong><a href=\"https:\/\/thecollegeinvestor.com\/\" target=\"_blank\" rel=\"noopener\" data-lasso-id=\"65716\">The College Investor<\/a><\/strong> and a longtime guest on The Side Hustle Show.<\/p>\n<p>This conversation is based on his article <a href=\"https:\/\/thecollegeinvestor.com\/17564\/10-rules-to-get-rich-and-grow-wealth\/\" target=\"_blank\" rel=\"noopener\" data-lasso-id=\"65717\">10 Rules to Get Rich and Grow Wealth.<\/a><\/p>\n<h2\/>\n<ul>\n<li><strong><a href=\"https:\/\/www.squarespace.com\/sidehustle\" target=\"_blank\" rel=\"nofollow noopener\" data-lasso-id=\"66223\">Squarespace<\/a><\/strong>\u00a0\u2014 Start building your professional website for free today, and take 10% off your first website or domain!<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-537299 lazyloaded perfmatters-lazy\" alt=\"\" width=\"470\" height=\"231\" src=\"https:\/\/www.sidehustlenation.com\/wp-content\/uploads\/2020\/01\/Squarespace-1.jpg\" srcset=\"https:\/\/www.sidehustlenation.com\/wp-content\/uploads\/2020\/01\/Squarespace-1.jpg 470w, https:\/\/www.sidehustlenation.com\/wp-content\/uploads\/2020\/01\/Squarespace-1-300x147.jpg 300w\" data-sizes=\"(max-width: 470px) 100vw, 470px\"\/><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-537299 lazyloaded\" sizes=\"auto, (max-width: 470px) 100vw, 470px\" srcset=\"https:\/\/www.sidehustlenation.com\/wp-content\/uploads\/2020\/01\/Squarespace-1.jpg 470w, https:\/\/www.sidehustlenation.com\/wp-content\/uploads\/2020\/01\/Squarespace-1-300x147.jpg 300w\" alt=\"\" width=\"470\" height=\"231\" src=\"https:\/\/www.sidehustlenation.com\/wp-content\/uploads\/2020\/01\/Squarespace-1.jpg\" data-sizes=\"(max-width: 470px) 100vw, 470px\"\/><\/p>\n<ul>\n<li><a href=\"https:\/\/indeed.com\/sidehustleshow\" target=\"_blank\" rel=\"nofollow noopener\" data-lasso-id=\"66224\"><strong>Indeed<\/strong><\/a>\u00a0\u2013 Start hiring NOW with a $75 sponsored job credit to upgrade your job post!<\/li>\n<\/ul>\n<p><a href=\"https:\/\/indeed.com\/sidehustleshow\" target=\"_blank\" rel=\"nofollow noopener\" data-lasso-id=\"66225\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-536322 ls-is-cached lazyloaded perfmatters-lazy\" alt=\"indeed\" width=\"472\" height=\"247\" src=\"https:\/\/www.sidehustlenation.com\/wp-content\/uploads\/2023\/10\/indeed.jpg\" srcset=\"https:\/\/www.sidehustlenation.com\/wp-content\/uploads\/2023\/10\/indeed.jpg 470w, https:\/\/www.sidehustlenation.com\/wp-content\/uploads\/2023\/10\/indeed-300x157.jpg 300w\" data-sizes=\"(max-width: 470px) 100vw, 470px\"\/><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-536322 ls-is-cached lazyloaded\" sizes=\"auto, (max-width: 470px) 100vw, 470px\" srcset=\"https:\/\/www.sidehustlenation.com\/wp-content\/uploads\/2023\/10\/indeed.jpg 470w, https:\/\/www.sidehustlenation.com\/wp-content\/uploads\/2023\/10\/indeed-300x157.jpg 300w\" alt=\"indeed\" width=\"472\" height=\"247\" src=\"https:\/\/www.sidehustlenation.com\/wp-content\/uploads\/2023\/10\/indeed.jpg\" data-sizes=\"(max-width: 470px) 100vw, 470px\"\/><\/a><\/p>\n<ul>\n<li><a href=\"https:\/\/hertz.com\/businessrewards\" target=\"_blank\" rel=\"nofollow noopener\" data-lasso-id=\"66247\"><strong>Hertz<\/strong><\/a> \u2013 Save at least 20% every time you rent a car with Hertz Business Rewards!<\/li>\n<\/ul>\n<p><a href=\"https:\/\/hertz.com\/businessrewards\" target=\"_blank\" rel=\"nofollow noopener\" data-lasso-id=\"66248\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-539050 perfmatters-lazy\" alt=\"hertz business rewards\" width=\"470\" height=\"223\" src=\"https:\/\/www.sidehustlenation.com\/wp-content\/uploads\/2024\/05\/hertz-business-rewards.jpg\" srcset=\"https:\/\/www.sidehustlenation.com\/wp-content\/uploads\/2024\/05\/hertz-business-rewards.jpg 470w, https:\/\/www.sidehustlenation.com\/wp-content\/uploads\/2024\/05\/hertz-business-rewards-300x142.jpg 300w\" data-sizes=\"(max-width: 470px) 100vw, 470px\"\/><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-539050\" src=\"https:\/\/www.sidehustlenation.com\/wp-content\/uploads\/2024\/05\/hertz-business-rewards.jpg\" alt=\"hertz business rewards\" width=\"470\" height=\"223\" srcset=\"https:\/\/www.sidehustlenation.com\/wp-content\/uploads\/2024\/05\/hertz-business-rewards.jpg 470w, https:\/\/www.sidehustlenation.com\/wp-content\/uploads\/2024\/05\/hertz-business-rewards-300x142.jpg 300w\" sizes=\"auto, (max-width: 470px) 100vw, 470px\"\/><\/a><\/p>\n<h2><span id=\"1_You_Have_To_Earn_It_Your_Money_Your_Wealth\">1. You Have To Earn It (Your Money, Your Wealth)<\/span><\/h2>\n<p>No one\u2019s gonna hand you a fortune on a silver platter. If you want to get rich, you gotta earn it yourself.<\/p>\n<p>This is the whole reason Side Hustle Nation exists\u2014to help you <a href=\"https:\/\/www.sidehustlenation.com\/make-extra-money\/\" data-lasso-id=\"66249\">increase that income<\/a>.<\/p>\n<p>There are two ways to build wealth: <strong>make more or spend less. <\/strong><\/p>\n<ul>\n<li><strong>Spend less\u00a0<\/strong>\u2013 Finite. You\u2019ll never spend less than $0, but you still to cover some basic costs, no matter how much you cut.<\/li>\n<li><strong>Make more\u00a0<\/strong>\u2013 Infinite. There\u2019s no limit to how much you can earn, so it makes way more sense to focus on that side of the equation.<\/li>\n<\/ul>\n<div class=\"perfmatters-lazy-youtube\" data-src=\"https:\/\/www.youtube.com\/embed\/mP_fKeq_o8A\" data-id=\"mP_fKeq_o8A\" data-query=\"si=MCN0RN3Xbq69lsRQ\" onclick=\"perfmattersLazyLoadYouTube(this);\">\n<div><img loading=\"lazy\" decoding=\"async\" alt=\"YouTube video\" width=\"480\" height=\"360\" data-pin-nopin=\"true\" nopin=\"nopin\" class=\"perfmatters-lazy\" src=\"https:\/\/i.ytimg.com\/vi\/mP_fKeq_o8A\/hqdefault.jpg\"\/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i.ytimg.com\/vi\/mP_fKeq_o8A\/hqdefault.jpg\" alt=\"YouTube video\" width=\"480\" height=\"360\" data-pin-nopin=\"true\" nopin=\"nopin\"\/><\/div>\n<\/div>\n<p><noscript><iframe loading=\"lazy\" title=\"The Only 2 Ways to Get Rich\" width=\"840\" height=\"473\" src=\"https:\/\/www.youtube.com\/embed\/mP_fKeq_o8A?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/noscript><\/p>\n<p>Plus, it\u2019s more fun to figure out ways to earn more than trying to cut an extra $100 out of your budget.<\/p>\n<p>An entrepreneurial side hustle isn\u2019t just about trading hours for dollars\u2014it\u2019s about building equity in something you own. That ownership stake can really accelerate your wealth-building journey.<\/p>\n<p>And remember, wealth takes time. Your time frame matters. So if you want to be a millionaire by 35, it will involve more aggressive growth, risk, and developing an ownership mentality in a business venture.<\/p>\n<p>But if you\u2019ve got a longer runway, saving and investing steadily can still get you there, even if it takes longer. Getting started and keeping at it is what matters.<\/p>\n<h2><span id=\"2_You_Need_To_Save_Until_It_Hurts\">2. You Need To Save Until It Hurts<\/span><\/h2>\n<p>Your savings rate is <strong>the single biggest lever<\/strong> that you can pull to accelerate your path to <a href=\"https:\/\/www.sidehustlenation.com\/rat-race\/\" data-lasso-id=\"66250\">financial independence<\/a>.<\/p>\n<p>The more you can sock away, the faster that money can compound and grow.<\/p>\n<p>However, as a (recovering!) frugal person, I\u2019m not entirely sold on the \u201cuntil it hurts\u201d approach. We\u2019ve never really budgeted but kind of instinctively lived below our means.<\/p>\n<p>There were and are certain purchases we\u2019ve foregone, but I don\u2019t know if I would say it hurts, or maybe we need to flip this to say save until \u201cit feels good now\u201d \u2014 by not buying the thing today, you\u2019re helping your future self.<\/p>\n<p>The old adage \u201c<em>mind the pennies and the dollars will take care of themselves<\/em>\u201d has merit, but you also don\u2019t want to sweat every little purchase.<\/p>\n<p>So, what\u2019s the magic number?<\/p>\n<p>There isn\u2019t one. The nationwide average savings rate is around <strong>3.8%<\/strong>, but that\u2019s obviously not the target for everyone. Your ideal savings rate should be aggressive enough to move you towards your goals but sustainable enough that you don\u2019t feel constantly deprived.<\/p>\n<p>Build the habit of holding onto your money, even if it\u2019s just an extra $5 or $10 per paycheck to start.<\/p>\n<p><strong>Robert\u2019s Tip:<\/strong> Find the best deal on purchases, using services like <a href=\"https:\/\/www.sidehustlenation.com\/ebates\/\" target=\"_blank\" rel=\"nofollow sponsored noopener\" data-lasso-id=\"66251\" data-lasso-name=\"Rakuten: Shop. Get Cash Back. Repeat.\"><strong>Rakuten<\/strong><\/a> or <a href=\"https:\/\/cashbackmonitor.com\" target=\"_blank\" rel=\"noopener\" data-lasso-id=\"66252\"><strong>Cashback Monitor<\/strong><\/a>, and combining them with <a href=\"https:\/\/www.sidehustlenation.com\/credit-card-rewards\/\" data-lasso-id=\"66253\">credit card rewards<\/a> and coupons to save money.<\/p>\n<p><strong>Related:<\/strong> <a href=\"https:\/\/www.sidehustlenation.com\/rakuten-review\/\" target=\"_blank\" rel=\"noopener\" data-lasso-id=\"89403\">Is Rakuten Legit? Earn Free Cash Back<\/a><\/p>\n<h2><span id=\"3_You_Need_To_Optimize_Your_Spending\">3. You Need To Optimize Your Spending<\/span><\/h2>\n<p>There is no need to give up all fun things just because you want to \u201coptimize your spending.\u201d It is about spending money intentionally on what really matters to you.<\/p>\n<p>Look at the services you\u2019re already paying for and ask if there\u2019s a better, faster, or cheaper alternative out there. We\u2019ve done this with cell phone plans, cable\/streaming packages, and more.<\/p>\n<p>But you can also be strategic about spending on things that verifiably improve your happiness and life satisfaction. According to my brother\u2019s site, <a href=\"https:\/\/becomingbetter.org\/5-ways-to-spend-money-thatll-actually-make-you-happier\/\" target=\"_blank\" rel=\"noopener\" data-lasso-id=\"66254\">BecomingBetter.org<\/a>, there are five key areas to focus on:<\/p>\n<ol>\n<li><strong>Helping others<\/strong> \u2013 Support causes you care about<\/li>\n<li><strong>Eliminating a pain point<\/strong> \u2013 Solve those nagging problems that drain your time or energy<\/li>\n<li><strong>Experiences<\/strong> \u2013 Plan trips and events that create lasting memories<\/li>\n<li><a href=\"https:\/\/www.sidehustlenation.com\/hiring-your-first-virtual-assistant\/\" data-lasso-id=\"66255\"><strong>Buying back your time<\/strong><\/a> \u2013 Outsource chores to give yourself more room to focus on what you love<\/li>\n<li><strong>Self-development<\/strong> \u2013 Invest in yourself with therapy, coaching, or lessons<\/li>\n<\/ol>\n<p>So spend on what matters! Maybe it\u2019s hiring a cleaning service to buy back time for your side hustle. Or taking tennis lessons as part of your self-improvement journey.<\/p>\n<p>Remember, optimizing your spending is about making conscious choices that align with your values and bring you the most happiness.<\/p>\n<h2><span id=\"4_You_Must_Put_Your_Money_To_Work_For_You\">4. You Must Put Your Money To Work For You<\/span><\/h2>\n<p>Get paid over and over again for work you do once.<\/p>\n<p>The classic way is through investing in the stock market and real estate.<\/p>\n<p>But here\u2019s my beef with a lot of the personal finance influencers out there: most people telling you to build wealth through low-cost index funds <em>didn\u2019t<\/em> build their wealth through low-cost index funds!<\/p>\n<p>A lot built their fortunes through entrepreneurship, business, and other alternative investments.<\/p>\n<p>That\u2019s why I\u2019m intrigued by the concept of <strong><a href=\"https:\/\/marriagekidsandmoney.com\/podcast\/coast-fire-how-do-i-know-when-i-can-stop-investing-for-retirement\/\" target=\"_blank\" rel=\"noopener\" data-lasso-id=\"66256\">Coast FI<\/a>.<\/strong><\/p>\n<p>Then you get to that point where your future is set, so you can take your foot off the gas a bit and actually enjoy your money along the way. In other words, they\u2019ll be able to \u201ccoast\u201d into retirement.<\/p>\n<p>The key is putting your money to work in productive assets that can earn you income streams, rather than just letting it sit stagnant in a savings account.<\/p>\n<h2><span id=\"5_You_Need_To_Marry_Smart\">5. You Need To Marry Smart<\/span><\/h2>\n<p>Divorce is devastating, and not just emotionally. It\u2019s a financial wrecking ball.\u00a0<\/p>\n<p>Studies show it can wipe out 75% of a family\u2019s wealth\u2014factor in legal fees, splitting assets, increased housing\/transportation costs, and the list goes on.<\/p>\n<p>That\u2019s why it\u2019s so important to find a partner who shares your financial values and goals. It\u2019s a team sport.<\/p>\n<p>Robert and his wife combined incomes early on\u2014living off one while investing the other. They didn\u2019t have a prenup (they were young and broke), but it all worked out in the end.<\/p>\n<p>He has a riskier entrepreneurial income while she had a steady job.<\/p>\n<p>As parents, it\u2019s natural to want to give our kids everything, but you run the risk of turning them into helpless, entitled brats.<\/p>\n<p>That\u2019s why I loved Shaq telling his kids \u201c<a href=\"https:\/\/www.si.com\/nba\/lakers\/news\/lakers-shaquille-oneal-says-to-kids-we-aint-rich-im-rich-sy2021\" target=\"_blank\" rel=\"noopener\" data-lasso-id=\"66257\">We\u2019re not rich, <em>I\u2019m<\/em> rich<\/a>.\u201d<\/p>\n<h2><span id=\"6_You_Always_Need_To_Minimize_Your_Taxes\">6. You Always Need To Minimize Your Taxes<\/span><\/h2>\n<p>Taxes are probably your single biggest annual expense.\u00a0<\/p>\n<p>No matter where you live, the less the government takes, the more you get to keep and build that wealth!<\/p>\n<p>So let\u2019s talk strategies:<\/p>\n<p><strong>Defer, Defer, Defer with Investments<\/strong> \u2013 accounts like a 401(k), 403(b), IRAs, or Health Savings Accounts (HSAs) aren\u2019t just about future savings. Money you contribute goes in <em>before<\/em> the taxman gets his cut, lowering how much you owe right now. Plus, that money grows tax-deferred, meaning a bigger nest egg down the line.<\/p>\n<p><strong>LLC taxed as an S-corporation\u00a0<\/strong>\u2013 with an S-corp, you pay yourself a \u201creasonable\u201d salary and avoid paying self-employment taxes on remaining profits. It\u2019s a totally legit hack, but listen to your tax pro on setting it up right.<\/p>\n<p><strong>Get a tax advisor\u00a0<\/strong>\u2013 people\u00a0mix up tax preparation (filing those returns every year) with tax strategy. Not the same thing! A tax pro can advise you throughout the year. They know the rules, spot deductions, and can help you make smart moves so the following April isn\u2019t a nasty surprise.<\/p>\n<p>Taxes may be unavoidable, but there\u2019s no need to give the government more than their fair share.<\/p>\n<h2><span id=\"7_Insure_Yourself_and_Protect_Your_Family\">7. Insure Yourself and Protect Your Family<\/span><\/h2>\n<p>This rule isn\u2019t sexy, but it\u2019s absolutely important. It\u2019s about peace of mind.<\/p>\n<p>A little planning today can prevent a financial disaster tomorrow.<\/p>\n<p>Accidents, illnesses, and even a rogue rock bouncing out from under a truck (a lesson I learned the hard way) can wreak havoc on your finances. Disability insurance and car insurance are there to catch you when things go sideways.<\/p>\n<p>Term life insurance can be shockingly affordable (can be as low as $20 a month), offering millions of dollars in coverage for a price tag that might be less than your monthly phone bill.<\/p>\n<p>For Robert\u2019s family, they pay <strong>$1,500<\/strong> per month for a high-deductible plan from <a href=\"https:\/\/www.healthforcalifornia.com\/covered-california\" target=\"_blank\" rel=\"noopener\" data-lasso-id=\"65733\">Covered California<\/a>.<\/p>\n<p>So don\u2019t let all your hard work get wiped out by an unexpected event you could have prepared for.<\/p>\n<h2><span id=\"8_You_Need_To_Take_Care_of_Yourself_First\">8. You Need To Take Care of Yourself First<\/span><\/h2>\n<p>Self-care isn\u2019t selfish, it\u2019s essential. You can\u2019t show up as your best self for your business, family, or wealth-building goals if you\u2019re running on fumes physically or mentally.<\/p>\n<p>You know that safety speech they give on airplanes about putting on your own oxygen mask before helping others (i.e., your kids)? The same logic applies to taking care of yourself.<\/p>\n<p>It was a harsh reminder that if you don\u2019t feel well, you simply can\u2019t perform at your best.<\/p>\n<p>If you don\u2019t have your own life in order\u2014financially, emotionally, physically\u2014you might just burden your loved ones. You won\u2019t be able to work and provide. It\u2019s a slippery slope once you start neglecting yourself.<\/p>\n<p>The key is getting right back on track if you slip up like James Clear says: <a href=\"https:\/\/jamesclear.com\/second-mistake\" target=\"_blank\" rel=\"noopener\" data-lasso-id=\"66258\">don\u2019t miss two days in a row<\/a> of your good habits.<\/p>\n<p>Here are ways to take care of yourself through simple habits:<\/p>\n<ul>\n<li>Prioritizing that morning workout to start my day right<\/li>\n<li>Hitting my daily step goal through walking habits<\/li>\n<li>Trying to eat well 80% of the time through meal prep (80% healthy food, 20% indulgence)<\/li>\n<\/ul>\n<p>Invest in your health and well-being first, then let the other dominoes fall into place.<\/p>\n<h2><span id=\"9_Surround_Yourself_With_People_Better_Than_You\">9. Surround Yourself With People Better Than You<\/span><\/h2>\n<p>They say you become the average of the 5 people you spend the most time with. Clich\u00e9? Maybe. But there\u2019s undeniable truth to the idea that your environment shapes you.<\/p>\n<p>The people you surround yourself with, whether it\u2019s friends, family, coworkers, or communities you\u2019re part of, they all rub off on you. Their habits, mindsets, and behaviors start shaping your own over time.<\/p>\n<p>So if you want to level up, it\u2019s time to take a hard look at your inner circle.<\/p>\n<p>Find your growth tribe with these methods:<\/p>\n<ul>\n<li><strong>Events:<\/strong> Conferences (like FinCon), meetups, and masterminds put you face-to-face with potential mentors, partners, and cheerleaders.<\/li>\n<li><strong>Coaching + Communities:<\/strong> You can get the help you need from a coaching program or paid community. Find programs that match your goals.<\/li>\n<\/ul>\n<p>You might have to upgrade your peer group along the way. But having people around you who inspire you to aim higher makes such a difference.<\/p>\n<h2><span id=\"10_Its_Okay_To_Go_Slow\">10. It\u2019s Okay To Go Slow<\/span><\/h2>\n<p>I get it, the wealth-building journey can be painstakingly slow at times. You wish you could wave a magic wand and achieve all your financial goals overnight. But that\u2019s just not how it works.<\/p>\n<p>It\u2019s perfectly fine to go at a slower, more sustainable pace. After all, you\u2019ve got a long life ahead of you.<\/p>\n<p>The average millionaire in the U.S. doesn\u2019t hit that milestone until age <strong>62!<\/strong> So don\u2019t get caught up in trying to achieve all your goals by 30 or rushing from one accomplishment to the next.<\/p>\n<p>Learn to enjoy the season you\u2019re in rather than constantly chasing the next milestone. There\u2019s no finish line for happiness or fulfillment.<\/p>\n<p>Focus on getting just <strong>1% better every day<\/strong> through small, consistent habits and actions. That\u2019s how the biggest transformations happen\u2014not through random spurts of motivation, but through never-ending small refinements.<\/p>\n<h2><span id=\"Whats_Next_for_Robert\">What\u2019s Next for Robert?<\/span><\/h2>\n<p>It\u2019s been a bit of a rollercoaster with all the recent Google algorithm updates. Robert\u2019s site wasn\u2019t affected, but it also hasn\u2019t seen major growth either.<\/p>\n<p>So where is he finding traction these days?<\/p>\n<p>Facebook groups are absolutely crushing it lately. All the great discussions and engagement seem to be happening in those community spaces now.<\/p>\n<p>Reddit has been another consistent traffic source, though you have to be careful about self-promotion over there. Don\u2019t be a spammer.<\/p>\n<p>Short-form video content is also continuing to pop across <a href=\"https:\/\/www.tiktok.com\/@thecollegeinvestor?lang=en\" target=\"_blank\" rel=\"noopener\" data-lasso-id=\"66259\">TikTok<\/a> and <a href=\"https:\/\/www.youtube.com\/c\/thecollegeinvestor\" target=\"_blank\" rel=\"noopener\" data-lasso-id=\"66260\">YouTube Shorts<\/a>.<\/p>\n<p>If people aren\u2019t finding what they need from regular Google searches anymore, you\u2019ve got to meet them where they\u2019re actually consuming content.<\/p>\n<p><a href=\"https:\/\/thecollegeinvestor.com\/\" target=\"_blank\" rel=\"noopener\" data-lasso-id=\"66261\">The College Investor<\/a> site and brand are still going strong at the center of it all. But Robert understands he has to adapt to how people are gathering information in today\u2019s fragmented media landscape.<\/p>\n<h2><span id=\"Episode_Links\">Episode Links<\/span><\/h2>\n<h2\/>\n<div class=\"fl-builder-content fl-builder-content-25051 fl-builder-template fl-builder-row-template fl-builder-global-templates-locked\" data-post-id=\"25051\">\n<div class=\"fl-row fl-row-full-width fl-row-bg-none fl-node-5ec84dead2de7 fl-row-default-height fl-row-align-center\" data-node=\"5ec84dead2de7\">\n<div data-rocket-location-hash=\"b6d668e2de113fc136b934c6389f61f4\" class=\"fl-row-content-wrap\">\n<div class=\"fl-row-content fl-row-full-width fl-node-content\">\n<div class=\"fl-col-group fl-node-5ec85cf38cf93\" data-node=\"5ec85cf38cf93\">\n<div class=\"fl-col fl-node-5ec85cf38d015 fl-col-bg-color fl-col-small\" data-node=\"5ec85cf38d015\">\n<div class=\"fl-col-content fl-node-content\">\n<div class=\"fl-module fl-module-photo fl-node-5ec855cb685e1\" data-node=\"5ec855cb685e1\">\n<div class=\"fl-module-content fl-node-content\">\n<div class=\"fl-photo fl-photo-align-center\">\n<div class=\"fl-photo-content fl-photo-img-png\">\n\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" class=\"fl-photo-img wp-image-531264 size-full\" src=\"https:\/\/www.sidehustlenation.com\/wp-content\/uploads\/2020\/05\/side-hustle-show-cover-art-2022-300-compressed.png\" alt=\"side hustle show cover art\" height=\"300\" width=\"300\" title=\"side hustle show cover art\" srcset=\"https:\/\/www.sidehustlenation.com\/wp-content\/uploads\/2020\/05\/side-hustle-show-cover-art-2022-300-compressed.png 300w, https:\/\/www.sidehustlenation.com\/wp-content\/uploads\/2020\/05\/side-hustle-show-cover-art-2022-300-compressed-150x150.png 150w, https:\/\/www.sidehustlenation.com\/wp-content\/uploads\/2020\/05\/side-hustle-show-cover-art-2022-300-compressed-65x65.png 65w\" sizes=\"(max-width: 300px) 100vw, 300px\"\/>\n\t\t\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div><\/div>\n<p><script async src=\"\/\/www.tiktok.com\/embed.js\"><\/script><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Do you want to get rich? To build real, lasting wealth that can change your family\u2019s circumstances for generations? Prepare to be disappointed because there are no get-rich-quick shortcuts or overnight secrets. Building wealth takes time, discipline, and sustained effort. But the good news is you can absolutely do it, no matter your current situation [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19226,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[93],"tags":[5293,523,11149,7351],"dealstore":[],"offerexpiration":[],"class_list":["post-19225","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-build","tag-rich","tag-rules","tag-wealth"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>10 Rules to Get Rich and Build Wealth - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=19225\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"10 Rules to Get Rich and Build Wealth - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"Do you want to get rich? 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