4. Pay your debts
Always and I mean always make sure that you never spend more than you earn. This is like one of those rules of thumbs. And even if you get into debts, make sure you clear them off as soon as possible. I mean, of course, you will be in debt somewhere down the line when you purchase a new home or buy a new car. That does not mean you will linger on the repayments and waste time. When you are debt free, you will be stress-free too and be able to use your hard earned money to do more good in life or make more money out of it.