A Personal finance blog to get rich
Like most people, I read a lot of books about money but never actually do anything afterward. That’s about to change. One of my new objectives is to read books about money and put them into action.
I currently rate Rich Dad Poor Dad as my number one personal finance book (there is a reason it is the top-selling personal finance book). Given that I rate it so highly, it feels right that this is the first book that I try and put into action.
The question “how to be rich” is probably one of the most generic questions you’ll ever find. Parents often tell their kids to study hard and get a good grade so they can find a profitable job, but how many people from the working force have actually made a stable income out of their day jobs?
On the internet, you’ll find thousands of articles giving financial advice like investing at an early age, cutting expenses, excelling academically, and so on. The answer lies not in how early you start investing money. Rather it lies in where you invest your money. If that didn’t make sense to you, then you better read on.
You can be rich either by devoting most of your time to a moneymaking venture or, you can wait many years and be rich by saving a percentage of your income -with the power of compound interest.
Money is a notional thing it is your purchasing power at any given time. You should kknow that money is what it is – a value of something it can be exchanged for.
Not only making it rich, for achieving every success in life you need the right attitude. “making it happen somehow” doesn’t really work. But, “making it happen by doing such and such” usually works most of the time.
I am talking about setting accurate goals and having proper plans to achieve them. your attitude will determine if you’re going to make it rich one day. It’s the mindset and attitude that differentiates a millionaire and a non-millionaire.
Imagine this scenario: you’ve been stuck in a job you hate for nearly a decade. It doesn’t pay a lot, just enough for you to keep on top of your bills and put some money away. Perhaps you’re paying down debt or maybe want to put a down payment on a house.
And then a dream job opportunity comes up. It’s a job in a great company with a lot of opportunity for career progression, but the hours are more suited to you and allow you to pursue your other passions. Maybe you have a blog or a side hustle that you could really do with spending more time on.
We live in a condo association, mostly occupied by immigrant workers or retirees. The town we live in has one of the highest per-capita income in the country. Even a two bedroom condo costs around $150,000. We are renting here but, mostly the families own their condos. We have neighbors sporting Audi, Mercedes, and BMWs. Whenever we go for a walk inside the complex we feel that everyone is probably richer than us.
Do you always look at your neighbor and wonder why he always drives the latest and best model cars? He also has a lot of time and money to spend in holidays abroad every summer. Recently, you also noted that his child also goes to one of the best schools.
Everyone wants to become rich quickly and without effort. But how to become rich? Everyone knows that there is no a definite formula for becoming reach. People get money in different ways. Some of them inherit a fortune from their well-to-do and generous relatives; others have to work hard until they save up some money. It is also possible to win a lottery if you are lucky enough or to rob a bank if you are bold. However, there are some simple steps with the help of which even a child can start earning a lot of money.
The first step in becoming reach is to understand why you need money. If you have no clear aims, it will not work. Try to make a list of your dreams. Set a priority and think carefully what is more important for you. It may seem quite easy and silly at first sight, but it is vital to do this in writing. At this stage, the majority of people find it difficult to identify what they really need. Do not concentrate on those things which you cannot have, think about what you will achieve! It may be helpful to visualize your dreams using some pictures. Knowing what you want is the secret of success.
Don’t you want to be rich? Honestly, I do and, I never met one who doesn’t. I never met a sage, that could be the reason. In everyday life I come across people working day and night to be rich. To be able to earn money and feel secure. Unless you resigned to your fate or, you are already rich, I bet you want to be rich. It’s a goal you should say out loud.
I WANT TO BE RICH ONE DAY!!
As adults, you probably consider many things to be investments: cars, real estate, stocks, retirement funds. But what about yourself? If you haven’t taken the time for a bit of self-investment, you’re not alone. Many adults let their own advancement fall by the wayside, opting instead to put time and energy into other interests.
When you look at a rich person drive a flashy car or take that special holiday in summer, try to understand where they have come from. Richness requires great planning, focus and care on how you manage your finances. You must be careful on the investments you get into and remain highly vigilant on your businesses progress. Here are some key facts on the reasons why rich became rich.
This post is dedicated to all readers that want to make it monetarily rich one day. I’ll talk about key ingredients which make a person rich. Like everything else, becoming rich requires a lot of hard work and focus. Especially since money is hard to come by, the skills and determination is required for sufficiently longer term.
