Friday, 15 May 2015

How to get rich and stay rich

It seems as if everybody wants to be rich. There are numerous books in the subject, courses one can take and a lot of advice on the internet about how one can make money and get rich. To be rich is the main goal for most people, and even though its not easy there are some good methods that can increase your chances of becoming rich.
Define what rich means for you
The fact is that a lot of people use the word rich but very few actually define it. What criteria should one use for "rich"? In other words, what do you think when I say the word "rich"? Of course this is for all people, but my research show that there are two things that people have in common:





• RESPECT
A lot of people want to get rich because they believe that it will give them respect. And it isnt always about how much money you have, but more what kind of living standard that you have.
• RETIREMENT
And then there are those people that want to make enough money so that they dont have to work ever again. If this is the case it is important to calculate exactly how much money you need to make so that you can live the life you want. For you that sum is your definition of "rich".
SLEEP WITH ONE EYE OPEN
Keeps your eyes open and you will see that opportunities will appear and disappear all the time. Learn when you should take advantage of these opportunities and when you shouldnt.
DELAY REWARD
Im guessing that if you are reading this article you arent rich - and believe me, there is a reason for that! Are you using all your money on things that arent gonna make you rich? Are you working somewhere that doesnt give you very much money? To be rich you have to give up some of the things you are doing right now, so that you can enjoy them in the future. For example, if you are having a lot of free time at the moment, then probably you are spending your time on nothing important. But instead, if you would to invest that time in stuff that will get you rich, then maybe you can retire 10 years ahead of your peers. So the real question is; what can you give up now so that you can be rich in the future?
• Lower your expenses
• Get a job that pays more
• Sell your car
• Change your apartment
• Spend your free time on stuff that will get you rich
SAVE YOUR MONEY
It takes money to make money - so start saving your money! Get a new bank account, and make sure to fill it up every time you get your paycheck. This must be the first thing you do with your money. So before you buy any new stuff make sure you pay yourself first by putting away some money in that special bank account. Do this every time and you will see your money grow.
INVEST, INVEST, INVEST
And when you have a lot of money in your account, start thinking about how you are going to invest your money. Make sure that you invest in stocks or other projects that will give you a yearly return on your investment.
SAY RICH
Well, as might have noticed by now it is hard getting rich, but trust me, staying rich is even harder. Your fortune will always depend on the market, and the market always goes up and down. So dont get too comfortable, if the market turns down you might lose a lot of money. So if you one time make more money than you had expected, save that money for hard times that will come (trust me, they always come).
MINGLE WITH THE STARS
Make sure you are networking with people that are rich. It doesnt matter if you are rich yourself or if you have just started your journey. To understand how the rich think and manage their money is priceless. Of all the rich people you will spend time with, the ones that will give you the most "value for your money" (so to speak) are the ones that have self-made. So make sure that you learn from them. Get as much information from them as you can - but about how they made their money in the first place, but also how they are using their money and experience now.

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