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10 Wealth Commandments

Ten Wealth Commandments
  1. I will pay myself first
    1. I will start by saving 10% of my income
  2. I will live within my means
    1. I will establish a budget to follow
  3. I will develop good wealth habits
    1. I will increase my net wealth by 10%
  4. I will improve my credit score
    1. I will raise my credit score by 50 points
  5. I will reduce/eliminate my debt
    1. I will reduce my debt by 25%
  6. I will earn compound interest, instead of paying it
    1. I will leverage my improved credit score into lower interest rates
  7. I will develop streams of passive income
    1. I will learn how to earn money outside of my regular job
  8. I will invest in the stock market
    1. I will invest $100 in the stock market
  9. I will invest in real estate
    1. I will invest $500 in real estate
  10. I will protect my legacy
    1. I will invest in a minimum of $50,000 of life insurance
Download the Mahogany Money Commandments Workbook
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  • Home
    • About
    • Why Black Wealth Matters
    • Financial Literacy Quiz
    • Contact
  • Mahogany Make
    • Business Resource Central
  • Mahogany Manage
    • Mahogany Money Credit >
      • Introduction to Credit
      • Components of a Credit Score
    • Mahogany Money Debt
    • Mahogany Money Save >
      • 90 Day Savings Challenge
  • Mahogany Grow
    • Mahogany Money Invest
  • Mahogany Protect
  • L.o.M.
    • Mahogany Money Glossary
    • Moment to Movement: Shop Black Week 2019 Campaign
    • Mahogany Money Library
    • Black Business Central