HOW TO GROW RICH
Growing
rich is one of the hardest thing to do especially if one has no knowledge of
money but also even being rich itself require some knowledge about how to
handle money but also how to deal with the people that you are associate with,
when
growing rich there are actually two important things that one has to develop
and these two things they grow up as the time goes
BUILDING STRONG MUSCLES OF
KEEPING MONEY
If
someone give you the money let say $300 and then he/she tell you to keep this money
and then you will give back exactly money after three months will you be able
to stay with those moneys without using them? or spending them and then
planning to replace it after a while?
the
ability to keep the money without spending it is what I call “muscles of keeping the money” I’ m not talking about
escaping responsibility or being too selfish but I’m talking about not spending
your money if something is not about life and death situation
Many people have joined on Groups that can help them to keep the money or rotate
them just because they can’t keep the money by themselves
BANK SYSTEM is there just to keep your money; I’m not
talking about safety of your money but I’m talking about your ability to keep
the money without spending it.
Some
people take loans at the bank not because they
can’t make that money but because they know they are not capable keeping the
money until they get that amount they want even if it is only for one year.
In
most cases when someone just received money their head is also suddenly bring
in a lot of ideas and needs that where not even there before you know it
someone will tell you that money they got was not enough at all, if you ignore
all those unnecessary needs you will still have that money with you and as a
result one can feel happy, confident, free, rich
ESTABLISHING MULTIPLE
STREAMS OF INCOME
When
we talk about stream of income it means that building ways through which the
money can pass through to get to you not that the money will pass to you daily
but the stream has to be there, it takes time to build one stream of income and
when the stream it established then the money can find it way to you
The big mistake that people make is
quitting when building the stream of income, it could take time but quitting is
like abandon that stream of income, for the successful people quitting is not
the option unless you have found the big stream of income that require your
attention
Establishing multiple source of income could
take time but also it requires commitment, time, and focus but once these
streams are ready to go then the streams will bring money toward you now since
you have muscle in keeping the money, your job will be just to keep it and not
use it luxuriously this will cause your account to get fat and fat as the time
goes before you know it, you can turn out to be very rich in your society, city
and even in the country
BUY ASSETS
Assets
are the things that put money in your pocket while liability are the things
that takes money out of your pocket, invest your money into buying more assets
which includes land that you can use to produce crops and sell them, a house
that you can rent to make some money and so on, assets must pay back the money
that you spent on it and then it will start to make profits
INVEST YOUR MONEY
Investment
is very necessary if you wish to grow up financially, build the habit of
keeping your money for the future usage, the habit of investing the is good
because once you have certain amount of money then you can buy an asset
But
also the money that you invest will help you in the future wherever there is
emergency for example you may get problems like being sick and need treatment
the money that you kept will be the one to help you or you may be fired where
you were working how are supposed to live if you have no money? Because it is
going to take some time until you find a new job.
There
are lot of investment strategies which includes stocks, bonds, real estate, and
mutual funds, assessing risk tolerance, developing an investment portfolio, and
diversifying investments.
WORK HARD AND SMART
Working
harder is simply means work consistency, work on the same amount of hours as
you usually work every day never jump days or skip them for any other reasons
Working
smart is simply means follow the rules that was placed by your superiors, if
you work harder and don’t follow any rule you may not achieve the success that
you desire, everything that we do it our life must be according to the rules
that we follow on that area, everyone has boss and boss has demand so do
exactly what you are supposed to do and do it well.
STAY MOTIVATED
No
one succeeded without being motivated everyone that is successful is so
motivated toward his or her goals, sometimes there are things that need an
extra force from inside us in order to be able to accomplish them.
Everyone
who has succeed bad or good thing was somehow motivated to do it, it could be positive
things or negatives things they all have to be motivated, doing tough things
require a person to be extremely motivated toward it.
Look
for those who are rich and successful and learn something from them like what
character do they have, what business do they do, how they got so rich, how
they got so popular this will give you the idea on what should be your next
step in your life