We all want to be rich right who wouldn’t want to take their dream vacations any time of the year or in a couple of mansions in the most exotic locations in the world being able to control your money and not have your money control. In this post you will be share with you a couple of rules to how to become millionaire .
10 SIMPLE RULES TO HOW TO GET RICH
Here are the 10 simple rules to become millionaire and rich ..These rules are real and will work because this advice came from different millionaires from all over the world.
10) Never Live Beyond Your Means
Shark Tank star and millionaire investor Mark Cuban swears by this rule almost every time he’s asked to give out advice on how to get rich he shares with his audience the importance of living within your means. He says never spend what you can’t afford even if it means living like a student and he makes so much sense. Let’s say you take Mark Cuban’s advice if you earn fifteen hundred dollars and only spend twelve hundred dollars a month you’ll have three hundred dollars every month at your disposal in ten years if you invest the money wisely. There is no way you won’t be rich.So investing money is best criteria to become rich.
9)Have Enough Saved Up to Pay Bills
So many people will give you advice on how to get rich in fact let’s not even go far. You have read various post to how to become rich or millionaire .The best advice comes from people who have been there.
They say learn from people’s mistakes so you don’t make your own who better to talk about money than Bethany Franklin .She was broke with about two hundred thousand dollars in credit card debt with where she started the Skinnygirl Empire .The Real Housewives star is ever so passionate about advising people on money matters you will constantly find her telling people to save enough money that can cover your bills in case of an emergency . She also says that before you take a loan or buy anything with your credit card make sure you have a similar
amount of money saved up somewhere or stashed away in an investment and this advice is gold .https://www.perfectentrepreneur.com/how-to-start-a-business/
8) Cut Out Impulse Purchases Completely
With a net worth of 20 million dollars Sarah Michelle Gellar must have some great money tips to share with the rest of us peasants with all that money believe it or not She never buys anything on impulse she even says she can stare at a
jacket in a store she really wants for days before making a purchase we’re not telling you to do exactly what she does .
But create some limits and build that discipline muscle just because you like something or want it it doesn’t mean you need it .Let’s be honest how many times have we bought things on impulse then end up never using them just take a look at your house and you’ll probably find lots of products that you never really is . So create some limit on your purchase.
7) Invest In What You Know
Actor ,venture capitalists and Entrepreneurs in Kuchar advises people to only invest in what they’re familiar with
He says he’s made most of his two hundred million dollar net worth by only putting his money in industries .He’s
familiar with for instance if you love wine and drink it all the time and you often go to wine events and you can
easily differentiate between premium and cheap wine and let’s see also know a lot about the wine industry or could learn then investing in wine is something you should do also .
If you want to start a business start one whose operations you’re familiar with for example if you’ve worked as a banker for 10 years you can start your own personal finance consultancy business .
If you’ve worked as a marketer in an e-commerce store then you must understand the lingo of the industry and can comfortably start up your own agency/. So to become rich only put your money time and effort into what you’re familiar with.
6) Use Public Transportation and Ride-Sharing Services
You wouldn’t expect a millionaire worth 400 million dollars to use lyft or uber right well kevin o’leary does and he swears by this rule .He believes buying or leasing a car is a waste of money . He says cars are heavy investments and
calls them money thirsty vampires that will suck money out of your account when you look at the maintenance insurance and parking costs it all makes sense. To make it even worse they don’t appreciate in value well unless you have a rare vintage masterpiece.
Invest wisely sounds obvious right but is it? Do you know where to invest your savings to get decent returns ?
Well Tony Robbins who is a master wealth of 500 million dollars sure does the New York Times bestselling author says compound interest is perhaps the most powerful tool in your investment arsenal.
He’s made a lot of money selling books and his shows and talks but most of his wealth comes from his investment
decisions. He further recommends putting aside part of your income however little into an interest earning investment Some of the options he suggests include high-yield savings accounts ,Index funds .
You can search for the options that have the highest interest rate return and stash your money there .
4)Get a Job You Love
This piece of advice came from the one and only Oprah Winfrey .She doesn’t need any introduction we all know she’s loaded and she’s not just rich but wealthy plus .She’s also adored by all on her website she gives loads of advice on different topics including money .She attributes her massive fortune to choosing the right career path before working in a radio station She was a babysitter in a store employee when she got her dream job it stopped being about how much
money she could make but how she can be better in her career .She had a weekly salary of a hundred dollars at the age
of 17 from a radio show but she said she would have been comfortable without being paid as she loved it so much.
You’re wondering how this will make you a millionaire ?
Well if you love your job you’ll strive to be the best in it and people will notice you this will create room for more
opportunities which could end up turning your career path into a massive business .
Suze Orman and author financial advisor motivational speaker and TV host stands by saving as much
money as possible .She wants everyone to get as much pleasure out of saving as you do from spending this outstanding
Woman with a self-made net worth of 35 million believes the secret to saving more is to shift your mentality from saving being a downer to a great feeling. Orman says the despite being seriously rich she enjoys saving money by using coupons .Instead of thinking when can I start enjoying my saved money ask yourself when do I start enjoying the saving process if you build that muscle then you’ll end up not caring about saving money anymore .
2) Ask For Help
Spike Lee says never be afraid to ask for money for your project or business the American film producer writer
oscar-nominated director and author worth 40 million dollars says asking for financial help should never be a
shameful thing if you’re truly passionate about an idea but don’t have the money to fund it just ask your friends family or even pitch it to strangers . If it’s worked for Spike Lee it’ll probably work for you too. He says he’s never afraid to ask for money to fund movies he believes in he also says never be deterred when someone tells you no as it only takes one yes to take you to the next level .
1) Invest Long Term
Of course We can’t talk about how to become a millionaire without mentioning Warren Buffett one of the richest men in the world. Today He’s currently the third richest man according to Forbes the most fascinating fact about him is he is 100% self-made the billionaire investor who is worth 82 billion dollars with of beliefs investments should be long-term .He isn’t a proponent of active short term stock trading he says the best way to build real wealth is to own portions of outstanding businesses with great management systems .He gave this advice back in 1988 and
since then he has stuck to it he believes instead of hurrying to sell and make that quick buck be patient and
he will make real profit with companies that perform well in the long term his advice is great because it’s easy to
replicate and doesn’t need specialized skills and short-term trading needs anyone can buy stock of any company and
monitor the price changes. Today this can be done easily on your mobile phone using apps opportunities are endless
If you follow the advice here you will become a millionaire all these are wise words from the best in the world .
FOR MORE DETAIL ABOUT WARREN BUFFETT GO TO THIS WEBSITE https://www.perfectentrepreneur.com/top-10-richest-person-in-world/