I made a post about reasons why many are unsuccessful while some are very rich here, and understanding the money principle is one of them.
Money and wealth creation has laws and principle that anyone who wants to be wealthy must follow and they are as follows;
1. Steady income sources: Having one or two sources of income should be your number one priority because you can't create any wealth when nothing is entering your wallet.
2. Create a savings culture/habit before spending:- A savings culture before spending is the habit whereby you save certain percentage of every money that comes to your wallet first before you spend it so as to be able to create room for investment because you can't invest money you never save.
3. Invest a large percentage of your savings:- One of the money principle is investment, no one ever becomes wealthy by depending on a source of income, but via investments, you can always multiply the gold in your wallet.
4. Reinvest your investments profit:- It is not enough to invest, but reinvesting the proceed from your investments should be your priority.
With this few money principle, if you follow it vividly, you'll be able to amass wealth to yourself and others.
Thanks a lot. I remembered a mentor always tell me this, "Save before you spend" well articulated.