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1. Save money and avoid credit.

2. Invest the money you save.

3. When investing, try to identify the next big thing, don't put your money where everyone else is putting it: try to be ahead of the trend, not part of the bubble.

4. The cycle moves from financial assets to physical assets & back to financial assets. Avoid investing in sectors when they're peaking, you're better off investing in sectors which are out of favor, and will do much better in the long run than when following the crowd.

5. Invest at least 10% of your assets in precious metals, this will protect you when the wheels of the economy fall off.

6. If you make any investment, always have a plan for what to do if the unexpected happens. Cut your losses early and admit you were wrong, never hold on to an investment in the hope it will "come back".

7. When the trend is about to change, the vast majority of professional advisers and the public are wrong.

8. Never attempt to trade unless you can demonstrate a technique that produces profits on paper beforehand.

9. Always remember that the only true wealth is a happy family, good friends, a healthy body, good food, and a roof over your head that no one can take away.

10. Last but not least - Pray, a relationship with Jesus is more fulfilling than all the riches of the world.

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