Starting Guide


Money… Is it the key to happiness?

Probably not.

But it’s still important, and lack of money can definitely lead to unhappiness.

So it makes sense to invest some time and effort into making sure you have enough money so it’s not a problem!

My name is Huntly Mayo- I have 7 years of professional experience in financial services, and have been studying and mastering personal finance for a lot longer than that.

My mission with Personal Wealth Basics is to teach high powered wealth building strategies so that you can achieve your financial goals…

That means:

  • Not having to worry about making ends meet each month
  • Being able to spend money on things you love to do
  • Setting yourself on track to retire comfortably at a reasonable age
  • Becoming debt free
  • Feeling safe by building a rainy day/emergency fund
  • Boosting personal earnings in your career
  • Earning solid returns on your investments and retirement savings


As you probably know, none of that happens overnight… There’s a lot to learn because money is complex. There are many different ways to:

Earn it (9-5 job, 5-9 job, consulting, owning your own business, passive income, etc.)

Save it (put it your mattress, budget it, automated savings, negotiating, discounting, etc.)

Invest it (Stocks, Bonds, ETFs, CDs, Real Estate, Alternative Investments, etc.)

Borrow it (Mortgages, Loans, Debt Consolidation, Credit Cards, etc.)

Spend it (Food, Transportation, Clothes, Entertainment, Vacations, etc.)

Personal Wealth Basics is about finding the best ways to build wealth by accomplishing the above in efficient and strategic ways.

Here are 6 basic principles that will help you improve your personal finances, which form the groundwork for constructing a personal wealth building system

1)  Automate Your Finances: Don’t leave managing your savings, debt payments, and investing completely up to yourself. That’s too much work and will make it harder to build wealth. Instead, take easy steps to automate those goals and save yourself time and energy. Then use the free time to…

2)  Focus on the Right Stuff: Take action to boost your net worth by mainly focusing on the areas that give you bang for your buck. Most people try to build their net worth by working hard to save money on small expenses. “Oh I better avoid that Starbucks coffee, or skip eating out for lunch”.  That’s foolish and an inefficient use of your time. Much better to spend your energy on wealth builders that produce outsized returns, like boosting your personal income, cutting only your biggest expenses, securing a good credit score, and more.

3) Use Systems to Achieve Goals: You might have a long-term financial goal of saving $1 million dollars by the time you retire. Or earning enough money to live comfortably and worry free. A system is how you get there. You form a system by drilling down from the high level goal to the fine detailed tasks and milestones needed to get there, and then setting up regular, specific action items to achieve those. In the $1m savings example, a possible system might be:

  1. Allocating 10% of your salary to a pre tax investment account (and raising that percentage by 1% each year)
  2. Negotiating a 10% raise every 2 years at work, or finding another job that will pay that much (you’ll need to drill down again to get those done)
  3. Keeping your biggest discretionary expenses (maybe that’s travel, entertainment, housing) below a certain budgeted level (you’ll also probably need to drill down here again)

4) Diversification: Don’t put all your eggs in one basket- advice as old as time itself. Nowadays you can cheaply achieve diversification in investing. But it doesn’t stop there, you should also be diversifying your other earnings like personal income by investing in yourself.

5)  No Risk, No Return: Your overall investment and personal income strategy should be based on your risk tolerance and time horizon. With that said, you should consider taking some risk within those areas, especially if you’re younger, as you have more time in life to make up for any potential losses.

6) See the Long Game:  Focusing on the long term… It’s not easy. Our brains are even wired against it! We care about what we’re doing tonight or this weekend much more than what we’ll be doing 2, 5, 10, or even 30 years from now. But if you want to build your personal wealth, or achieve any big goals in life, you have to see the long game. Often that means short-term sacrifices for long-term gains. And thinking strategically about your actions, while also taking risks. But the payoffs are huge, and life is much more exciting this way.

These form the Personal Wealth Basics foundation. How do you think you can improve in these areas?

Check out these articles as a starting point for researching the topics that are most relevant to your personal wealth-building journey. And sign up below to get updates once to twice a week with new wealth building strategies!

1) How to Automate Your Finances

2) The ONLY Way You Should be Budgeting

3) The Most Overlooked Area of Personal Finance…