My Favorite Money Rules from Ramit Sethi

Ramit Sethi put together some money rules that may be especially helpful to real estate investors. 

1. Always have one year of cash available in your emergency fund.
2. Save 10% and invest 20% minimum of your gross income.
3. Pay cash for all large expenses.
4. Put down a large lump sum when you buy your first house.
5. Don't limit spending when it comes to education, health or personal training.
6. Buy high-quality products so you can use them a long time.
7. Earn enough to be able to only work with people you like and respect.