3 Rules to wealth

Enough for those get-rich-quick method. Here are 3 simple and yet practical rules to wealth.

1. Save at least 10% of your monthly income.
2. Invest those savings in sound investment.
3. Reinvest earned income in sound investment.


Example:

If you earn $5000 per month, you have to save $500 every month. Every year, you will have $6000 saving.
Invest those saving in an index fund, which gain roughly 10% on average, you will have $6600 after one year.
Repeat the process, you will have more than $100,000 in 10 years.

That is the power of compunding process.