Guideline #29: Don't eat your seed corn.
The first successful investment is a gratifying experience. All of a sudden there is this extra money, aka cash flow, sitting in your check book. It is very cool.
What you do next will go a long way towards determining your economic future.
If you spend this cash flow, your current living standard will get a bit better. Not a bad thing.
If you re-invest the cash flow with discipline and a plan, you can build an unshakable foundation of wealth. A much better thing.
One of the easiest ways to re-invest is to pre-pay your mortgage. Steady extra principle payments work magic in both reducing your debt and your future interest payments to the bank. The march of equity build up is a wonder to behold.
Don't eat your seed corn. Re-plant it.
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