25 Rules To Grow Rich By

Rewriting Money’s 25 Rules: A Summary

Five weeks ago, I began the process of analyzing and rewriting Money Magazine’s 25 Rules to Grow Rich By as an exercise in examining the fundamentals behind some of the often-repeated statements on how to get ahead financially. Below, you’ll find the rewritten list of rules. Each rule is linked to an article that describes …

#25: Warranties

This is part of a series in which we re-evaluate Money Magazine’s “25 Rules To Grow Rich By”. One “rule” will be re-evaluated each weekday until the series concludes; you can keep tabs on the action at the 25 Rules index. Should I Buy Warranties on Electronics? Rule #25: When you shop for electronics, don’t …

#24: Frequent Flier Miles

This is part of a series in which we re-evaluate Money Magazine’s “25 Rules To Grow Rich By”. One “rule” will be re-evaluated each weekday until the series concludes; you can keep tabs on the action at the 25 Rules index. Rule #24: Don’t redeem frequent-flier miles unless you can get more than a dollar’s …

#23: Airline Tickets

This is part of a series in which we re-evaluate Money Magazine’s “25 Rules To Grow Rich By”. One “rule” will be re-evaluated each weekday until the series concludes; you can keep tabs on the action at the 25 Rules index. What’s the Best Way to Buy Airline Tickets? Rule #23: Buy airline tickets early …

#22: Gadgets

This is part of a series in which we re-evaluate Money Magazine’s “25 Rules To Grow Rich By”. One “rule” will be re-evaluated each weekday until the series concludes; you can keep tabs on the action at the 25 Rules index. Rule #22: Resist the urge to buy the latest computer or other gadget as …

#21: Auto Leases

This is part of a series in which we re-evaluate Money Magazine’s “25 Rules To Grow Rich By”. One “rule” will be re-evaluated each weekday until the series concludes; you can keep tabs on the action at the 25 Rules index. Rule #21: Lease a new car or truck only if you plan to replace …

#20: Automotive Purchases

This is part of a series in which we re-evaluate Money Magazine’s “25 Rules To Grow Rich By”. One “rule” will be re-evaluated each weekday until the series concludes; you can keep tabs on the action at the 25 Rules index. Rule #20: The best way to save money on a car is to buy …

#19: Information Requests

This is part of a series in which we re-evaluate Money Magazine’s “25 Rules To Grow Rich By”. One “rule” will be re-evaluated each weekday until the series concludes; you can keep tabs on the action at the 25 Rules index. Rule #19: Anyone who calls or e-mails you asking for your Social Security number …

#18: Credit Scores

This is part of a series in which we re-evaluate Money Magazine’s “25 Rules To Grow Rich By”. One “rule” will be re-evaluated each weekday until the series concludes; you can keep tabs on the action at the 25 Rules index. Rule #18: The best way to improve your credit score is to pay bills …

#17: Credit Cards

This is part of a series in which we re-evaluate Money Magazine’s “25 Rules To Grow Rich By”. One “rule” will be re-evaluated each weekday until the series concludes; you can keep tabs on the action at the 25 Rules index. What Kind of Credit Card Should I Own? Rule #17: The best credit card …

#16: Deductibles

This is part of a series in which we re-evaluate Money Magazine’s “25 Rules To Grow Rich By”. One “rule” will be re-evaluated each weekday until the series concludes; you can keep tabs on the action at the 25 Rules index. Rule #16: When you buy insurance, choose the highest deductible you can afford. It’s …

#15: Life Insurance

This is part of a series in which we re-evaluate Money Magazine’s “25 Rules To Grow Rich By”. One “rule” will be re-evaluated each weekday until the series concludes; you can keep tabs on the action at the 25 Rules index. How Much Life Insurance Do I need? Rule #15: You need enough life insurance …

#14: Paying for College

This is part of a series in which we re-evaluate Money Magazine’s “25 Rules To Grow Rich By”. One “rule” will be re-evaluated each weekday until the series concludes; you can keep tabs on the action at the 25 Rules index. How Much College Should I pay for? Rule #14: Aim to accumulate enough money …

#13: Emergency Funds

This is part of a series in which we re-evaluate Money Magazine’s “25 Rules To Grow Rich By”. One “rule” will be re-evaluated each weekday until the series concludes; you can keep tabs on the action at the 25 Rules index. How Big Should Your Emergency Fund be? Rule #13: Keep three months’ worth of …

#12: Proportional Savings

This is part of a series in which we re-evaluate Money Magazine’s “25 Rules To Grow Rich By”. One “rule” will be re-evaluated each weekday until the series concludes; you can keep tabs on the action at the 25 Rules index. How Much Should I Save? Rule #12: If you’re not saving 10% of your …

#11: Building Knowledge

This is part of a series in which we re-evaluate Money Magazine’s “25 Rules To Grow Rich By”. One “rule” will be re-evaluated each weekday until the series concludes; you can keep tabs on the action at the 25 Rules index. Rule #11: If you don’t understand how an investment works, don’t buy it. The …

#10: The Nest Egg

This is part of a series in which we re-evaluate Money Magazine’s “25 Rules To Grow Rich By”. One “rule” will be re-evaluated each weekday until the series concludes; you can keep tabs on the action at the 25 Rules index. Build a Large Retirement Nest Egg Rule #10: Aim to build a retirement nest …

#9: Mutual Fund Fees

This is part of a series in which we re-evaluate Money Magazine’s “25 Rules To Grow Rich By”. One “rule” will be re-evaluated each weekday until the series concludes; you can keep tabs on the action at the 25 Rules index. Rule #9: The most you should pay in annual fees for a mutual fund …

#8: Portfolio Diversity

This is part of a series in which we re-evaluate Money Magazine’s “25 Rules To Grow Rich By”. One “rule” will be re-evaluated each weekday until the series concludes; you can keep tabs on the action at the 25 Rules index. Rule #8: Invest no more than 10% of your portfolio in your company stock …