dump all debt payments
What happens when you try to fill a sack with gold coins when there are a few holes on the bottom? Yup, it never works! No matter how hard you try, the sack never gets full. The same applies to your personal finances.
Your income (your metaphorical gold coins) is your most important tool to build extraordinary wealth. However, if you have any kind of monthly debt payments (read holes), you lose your precious income as soon as it arrives in your bank account (sack). Your net worth either diminishes or comes to a standstill, and you just can’t build wealth.
Dump all debts as soon as you can and start saving and investing. This is the only way to leverage your income and accumulate great riches for yourself and your loved ones.
