Continuing our series of the 20smoney Personal Finance rules, we get to big number three. This rule has more to do with investing and retirement saving versus the traditional personal finance topics of budgeting, saving, getting out of debt, etc.

On the issue of a gold standard, you have opinions all over the map. It’s impossible. It’s inevitable. Who knows? One thing is for certain, the role of gold is increasing and the role of the US dollar (and likely the Euro) is decreasing. The Euro & Dollar – essentially the two pillars of the current global financial system – are unraveling as the West finds itself in too much debt. The third pillar, the Japanese yen… same deal.
Earlier this week, Ron Paul asked Ben Bernanke (video here) why …

These days everyone is questioning whether or not the college degree is even worth the cost anymore.

This principle is sort of a two-for-one principle.  It has two parts that are related.  They are as follows: 1) you will never get rich off a salary, unless you are in the .001% that are executives for gigantic companies and make salaries in the millions, and 2) the key to wealth is rate of return.
Let’s start with the first part. With very few exceptions, you will not get very wealthy from being a salaried employee.  Now there are high paying jobs, and you can be very frugal and do …

We’re going to go through a list of personal finance rules that I believe are necessary to get ahead financially. Some of these may not necessarily be in line with what we’re taught generally, but hey, most people are terrible with money, so let’s not get too worried about that. Today is rule #1.