If you are googling about
things like how to become a millionaire or how to make great wealth, then it is
very much likely that you will never become one. I mean don’t get me wrong,
people who are already millionaires did not spend their time surfing the net
but rather spent every hour working to achieve their goal. But since you are
here already, why not actually tell you some of the things that some of the
greatest wealthy men did to reach their great wealth.
1. Use the money to make money
Yes, that paycheque at
the end of the month looks sweet and rewarding but you are going to run out of
it after paying all the bills and rent. You need to learn to save money. And
the best way to save money is investing it in other fields. Buy stocks,
ownerships or bonds so that your money is saved and not spendable. This way you
will be saving it and at the end of the year, you will be getting interest and
dividends thereby using your money to make more money. That’s the best way to
increase your wealth.
2. Work it
In order to really
succeed and make that amount of wealth, you need to put in a lot of hours at
work. And I mean become a workaholic. I’m not saying you leave your family and
cut off all your social connections but you just need to make work your first
priority. It will be a very hard and gruesome first couple of years but once
you succeed and the money starts to kick in, you will have all the time in the
world to relax and live a successful and happy life with your loved ones. There
is no shortcut to making wealth.
3. Work in a demanding job
The basic rule of demand
in supply is that if there is a high demand for a certain thing then the price
will go high. Similarly, if the supply in that field is low and the demand is
high then the price will go even higher. Based on that, get into a line of work
where there is a big demand for workers but less supply of workers. This way
you will be courted by big companies and they will pay you the top bucks and
make you wealthy! Smart more right? Thought so.
4. Pay your debts
Always and I mean always
make sure that you never spend more than you earn. This is like one of those
rules of thumbs. And even if you get into debts, make sure you clear them off
as soon as possible. I mean, of course, you will be in debt somewhere down the
line when you purchase a new home or buy a new car. That does not mean you will
linger on the repayments and waste time. When you are debt free, you will be stress-free
too and be able to use your hard earned money to do more good in life or make
more money out of it.
5. Make the good choices
See, if you really want
to succeed in life and become the top dog then you have to make good choices
all through your life. And this includes staying in school, studying up
properly, not get into fights and troubles and most of all, not start a family
until you are financially stable. That’s not all, you need to surround yourself
with the good people too as their ambition and motivation can rub on you too.
Source :
http://www.lifehack.org
Source :
http://www.lifehack.org
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