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.
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.
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.
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.
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.
1. Use the money to make money
Yes, that paycheck 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.
Culled from CuriousMob
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