Wealth does not have to be an endless struggle. Here are 6 easy strategies and tips that are so simple; most people tend to overlook them:
1- Decide:
If you ask any millionaire who wasn’t born that way how they got their first million, they’ll tell you they decided to do it first. You must decide right now that you will do everything you can to become rich. Focus on one outcome: getting rich no matter what it takes (as long as it doesn’t hurt anyone) and no matter how long it takes. I only know well now that many others have done this before and you will too.
2- Budget:
Operate on a tight budget. Eliminate all things from your life that are not necessary. We spend or waste money on so many things that end up messing up our homes and lives. You won’t be able to prosper if you don’t make the most of what you already have.
3- Elimination of debt:
Reduce or eliminate all debts. If you live in an overpriced house that is giving you trouble, put it up for sale and buy something cheaper. If you have an overpriced sports car or SUV that makes you feel financially challenged, sell it and get something cheaper.
4- Goods:
Acquire assets. Assets are things you can buy that will actually give you money instead of taking money. If you have more assets than expenses, you will become rich. Here are some examples of assets: rental property (real property), stocks, bonds, active vending machines, laundromats, antiques, valued paintings, and precious metals.
5-Give:
Rich people are givers. They give from the heart and love the act. One of the laws of the universe is to give what you want and you will have it. If you’re low on money right now, that’s okay. You can still give in other ways; Offer your time or help. Give without expecting anything in return and don’t brag about it either. Anything you do honestly will be returned to you 10 times over from the least likely places.
6- Simplicity:
Getting rich doesn’t have to be fancy or complicated. The simpler a system is, the easier and faster it is to get results. The more complicated things have to be, the longer things take and your chances of quitting are better.
The average millionaire today lives below his means; They live in modest homes, drive cheap cars, and are even regular customers at the local dollar store. His business is quite monotonous and uncomplicated. These people may live extravagantly, but most choose to keep a low profile. However, said and done, they are masters of self-discipline and are in the habit of investing at least 20 percent of their income annually.