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He now works as a personal finance consultant, and major news outlets such as the New York Times, CNN, and CBS are asking for his opinion on various issues.

Chris Reining often gives his own advice, through his articles and speeches. In the following list, you will see 10 such tips given by the self-made millionaire.

1. To be able to leave.

Many may judge you harshly or badly for it, but you should be able to choose to leave work, friends, relationships. If someone or something does not enrich your life, it is okay to move on. Why stay attached?

2. Break the rules.

People want you to follow a unique path in your whole life. University, after a good job, then buy a house and have children. Life can be much more than that. As Arnold Schwarzenegger has said:

“Break the rules. We have so many rules in life for everything. I say break the rules. Do not break the law, just break the rules.”

3. When will you say “yes” and when “no”.

When you are in your 20s and you want to explore the world to see how you fit into it. That is why you are used to saying “Yes” to every proposal they make to you in order to get out of what you are used to. Once you have found the purpose in your life, you can say no to everything, if it is to protect your time and be able to work.

4. Having money means having choices.

“When I decided it was a good idea to have money, it had nothing to do with getting expensive cars and houses and wearing expensive clothes or whatever. The best thing in life is to be able to have great choices from which to choose,” says Reining.

5. Keep your own score.

Someone will always do better than you. Whether it is living in a more luxurious neighborhood, being in better physical condition, or even being able to influence others more. It is normal to compare ourselves to anyone else by keeping a score. Instead, divert your thinking to good things in life, such as who you were the day before.

6. Do not waste your time.

When Steve Jobs realized he was going to die, he began pushing the boundaries of what he wanted to do. Death is the best motivation for life, so when you reach the end of your life what would you say was important to you? How did you watch the best series in television history or how did you contribute to something important for humanity?

7. Keep an annual notebook.

Use a notebook to keep your ideas and thoughts. Old notebooks are extremely useful, as looking at them again, you can realize how insignificant most things in life are or that in the end what you thought would make you happy in life, never succeeded. This review will help you make better decisions in the present in the future.

8. Being “constantly busy” is bad.

When one is proud that one is “constantly busy” it is not an achievement. There is no reward for this. In fact, what he has shown is his inability to manage his time and set priorities.

9. Do not be afraid to ask for help.

“I have received help from smart people, mentors, psychologists, and others. Accepting help does not mean that something is wrong with you. On the contrary, it shows that you are willing to look at things from another angle to improve yourself. “

10. Do not listen to too much advice.

It’s something that other great businessmen say. Most people give advice based on what has happened in their own lives. This does not mean that the same rules apply to you. It is useful to hear some feedback from people you value. But at the end of the day, you have to weigh the data and make your own decisions.

The first thing I did to change my financial shape was to quit my bad money habits. At 28, I was walking around with $30K in student debt, no assets, and about $8K in savings to fall back on.

Three years after I got serious about wealth building, I was debt-free and was making six figures a year. One thing people never tell you when they talk about making money is that you can make all the money in the world, but if you’re bleeding money, you won’t get any wealthier.

Too many people are focused on getting ahead without understanding what’s holding them back. Or what got them in dire financial situations.

So to get in better financial shape, give up your destructive money habits first. That alone will help you to stop your money bucket from leaking. Here are 5 of those bad habits that I had to quit.

1. Mindless shopping

Most people have a consumer mentality. They always need to spend money to have a good time. If you’re getting bored and you think you need to buy something, go on a vacation, eat out, visit a concert, or anything else that requires money, it means you still have a consumer mentality.

It’s nothing to be ashamed about. Most of us grow up with this mentality. I’m no different. Almost everyone in my immediate family is a consumer.

And look, sometimes I still feel the pull to buy myself out of discomfort. I just want to browse the web and feel like spending money. That’s mindless shopping. And if you keep spending your money on things or experiences that you assume will make you happy, it will only empty your bank account.

To be in good financial shape, we need to give up our consumer mentality. Instead of relying on consumerism for our happiness, we need to rely on inner joy and practice more mindfulness.

2. Using a credit card as a loan

Credit cards are great and serve a purpose. In most countries, you need it to build a good credit score. But the problem with credit cards is that we think it’s a free loan.

“I can spend my money now and pay later.” Yes, with a 100% interest rate or something outrageous. I don’t even know what the limit of my credit card is because I just use it to pay for small purchases. And I immediately pay it off the next month so I don’t pay interest.

Here are several ways to get out of debt:

Assess your financial health; see where your money is coming from and where it’s going;
Negotiate lower interest rates with your bank/credit card provider;
Make extra payments to your loans when more money is coming in. Don’t just spend it all!
Live on a temporary budget when your debts are overwhelming.
Cancel unnecessary memberships and spending habits.

3. Borrowing money for liabilities

I’m a big believer in the good old platitude, “live below your means.” But if we need to borrow money to buy a car or other consumer goods, what are we doing? We’re living above our means.

I know a guy who leased some kind of German sports car for three years. He told me it cost him about $3,500 a month including gas and insurance. That’s $126,000 in three years.

When he told me that a few years ago, he was quite apathetic about it. “I really enjoyed driving that car, but I can’t help to think that I probably could’ve bought a condo with that money.”

Don’t be that guy.

4. Spending time to save pennies

I used to spend hours online searching for deals on clothes or shoes. I even bought running shoes that were on sale instead of the ones that were actually good for my feet. Those shoes ended up injuring me.

But then, I read that Naval Ravikant doesn’t even bother returning items that are worth less than he values his time.

Naval believes everyone needs to put a dollar value on their time, and use that to make decisions. For example, if you value your time at $300 an hour, do you really want to spend an hour searching for the best deal on a shirt you want to buy?

5. Having one income stream

People who have one income stream usually live with a perpetually fearful state of mind and terrible money habits. They realize that their income is vulnerable. If they rely on only one website like YouTube or Medium for 90% to 100% of their income, they do anything to defend their income source.

It’s the same for people who have a job without much prospects. They’re afraid to lose their job, so they say yes to everything and let people walk over them at work. That’s how many people become bitter over time.

But you don’t have to do that. By investing in yourself and spending less time on entertainment and consumerism, you can build a more stable career.

You can build a side business, invest your money in real estate or dividend stocks, or work in a field with a lot of job prospects. When you have options, you feel more at ease.

Having multiple income streams is the most important money habit because it’s a different perspective. Most of us grow up with the mindset of a consumer and worker. You get a job, put your head down, do what they say from 9–5, and then you get paid so you can live in the evenings and weekends.

That doesn’t sound like a good deal to me. If we control our money, we take control over the practical aspect of our lives. Sure, it’s not the answer to everything, but it sure will give you more freedom. The price is that you need to give up certain money habits, but is that really so bad?

Money Insights from Darius Foroux