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Sep29
5 Rules to Rear End if You Hope to Grow Richer

Do you remember when 67 year old Arthur Thompson got himself sued for stopping at a stop sign a few years ago in Atlanta ? He angered a 32 year old woman …  because she rear ended him.... The problem… she complained in court … was his “complete and full stop”. It seemed that nobody else stopped fully at that stop sign … and because he broke the “usual diving patterns” of her area … he was directly responsible for her accident and should pay all repairs to both vehicles. 049_MUTCDslide_h.jpg

Maybe that rule should have been kept but here are 5 rules people who get rich tend to break….

1. Pay yourself first…. The government wants you to pay taxes first … household services want their due first … and bank shout … pay me first! Those who get rich tend to ignore flashy demands… pay themselves 10% first … and then pay other expenses … on time … but only after they’ve invested….

2. Take risks and learn to take them better…. Fear and rules shut down the brain’s ability to take the kind of risks that work well in the end and make people rich. Take the risks you need to take and break the rules that fear ties to risk-taking.

3. Run from too much credit…. Banks will write to you weekly to tell you the rules of good borrowing practices – from their coffers. Break those rules and make it without too much credit card debt … and you may break their bank … but you will increase your own balances.

4. Refuse to pay higher than fair market values… in spite of demands from sellers for higher prices. Break their rules for greed and hold to your own refusal to pay more than you should.

5. Pay down the principal on your mortgage … so that rules which require home payments to be made over twenty years get broken … for a far shorter home-payment schedule. 

Rear end any cars lately at stop signs…? If so… you may be breaking the wrong rules …. Why not rear end rules that successful …and rich people bust instead. What do you think?

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