RAMIT AND CASSANDRA’S RULES ON TIPPING AND EATING OUT • Tip at least 30 per cent at restaurants. We can afford it and we love being generous. • When staying at a hotel, leave £15 per night, minimum, for housekeeping.

If and when you buy a house, don’t buy the biggest one you can. This is advice from my parents, who told me that if you get a big house, everyone goes into their own rooms and they don’t spend time together. Consider the non-financial aspects of the house you buy, like encouraging your family to spend time together – even if that means less space.

Paying for Quality I think when you reach a certain level financially, you have an obligation to buy well-made things. I recently read that the Persian rug market is suffering because so many people are buying cheap rugs online. Consider the artisanal skills painstakingly learned over generations to create a jaw-dropping rug. That’s what my money

One of my CEO friends once gave me some unforgettable advice when I was preparing for a performance review of an employee. He asked, “How is this person doing?” I said they were doing well, like 90 per cent positive. He said, “Okay, in your review, how much time will you spend talking about the good stuff and how much time on the bad stuff?” That

I’ll share something that surprised me. When we dropped the proportional system and simply combined our income, it brought us closer together that same month. It was amazing to see how changing the set-up changed the way we felt.

We contributed proportionally to our shared accounts (joint current, joint savings goals), and our system took care of the rest. We revisited the split every quarter, then reevaluated the entire system once a year, during our annual Rich Life Review (see Chapter 10) and adjusted if needed. Truthfully, in the first few years, it always needed

The key is choosing the right level to save for. Think big items that require one to five years of saving. Add a savings account for a five-year anniversary trip, but not for a meal at Wagamama. Or one for a home renovation or a car or special seats at a concert, but not for a four-pack of new coffee mugs.

Here’s where having three to five savings accounts comes in handy. Without those, you’ll just put all your savings in one place – essentially a junk drawer – and then forget what the money is for. In my experience, this money then gets tapped and eventually absorbed into the random expenses of life. On the other hand, if you create too many savings

How the money flows Your salaries are deposited directly into your joint current account (if you contribute to a pre-tax retirement account, that money will already be taken out of your salary). After this, your joint savings and individual current accounts (and possibly additional investment accounts) will automatically “pull in” predetermined