Financial Kryptonite for Building Wealth

For me, here's my Kryptonite that destroys wealth building:

• Living above my means.
• Not paying myself first when earning a paycheck.

IMHO, doing the above leads to debt, which leads to more debt, which is a wealth building death spiral.  In our case, we chose to live below our means and pay ourselves first each month.  Doing so was one factor that helped us have a successful early retirement.

Of course, YMMV and avoiding kryptonite doesn't guarantee success.

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This is not financial  nor wealth building advice. Please consult a professional advisor.

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