6 Rules to Become Rich
66Let's think for a while which determinats decide whether people are wealthy or not. Are there any universal rules?
1. Spend less than you earn
Truism, isn't it? But, yes, it's still the hardest point which plenty of people can't jump over. Avoid credit buy. Don't let compound interest play against you. Try buying things for the money from your savings. Don't live beyond your income.
2. Act with passion and commitment
Concentrate on aspect which really interest you and could provide financial profit. The best solution is to convert your passion into full-time job. But the profit isn't the most important for a start. If you act with strong commitment effect appears sooner or later. Taking photographs is the best example here. Amateur can turn into professional.
3. Be honest. To others and to yourself.
Real success is always based on honesty and sincerity. When starting any business or activity where you have contact with people, trust is the most valuable currency. Think for yourself. Would you trade again with somebody who cheated on you? Obviously not.
4. Meet people
Meet people. Meet various people and have good relations with them. You cannot achive success without other people. Always use "win-win" strategy in negotiations. Good connections may greatly smooth your way to success. Try to surround yourself with creative and clever people. You can form a team and work together. Are you at the college? Access student organisations where you can meet plenty of enterprising people like you.
5. Take care of your fitness
You may say that it doesn't have anything in common with getting rich. Do not get mistaken. Doing sports lowers your stress level, helps you to relax and to chill out after hard work. Being in good shape can reduce your cholesterol which high level leads to heart attack. You don't want to spend days in hospital rather than making money, do you?
6. Think about new methods of making money
Search for opportunities to earn some extra money.
- Seek for the new, better paid job
- Invest your free money on stocks, forex, real estate
- Sell on auctions unnecessary stuff like: old books, clothes, toys, childhood collections
- Become a tutor of Maths, English, Science...
- Convert your hobby to part-time job for ex. take photographs on weddings
- write articles on www.hubpages.com ; - )
Ok. Now you now a few rules. Remember that there are many ways to get a fortune. One of the them is investing your money on stocks. I wrote article to help you avoid popular mistakes.
Check my other hubs
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Wanna make your shoes bigger that they will fit you? Read this hub with description of unique method! - How to lower car maintenance and fuel costs?
How to reduce fuel consumpion of your car? Few tips for people who want to spend less on their cars. Useful advices to abide by everyday drivers and users of car. - 5 Biggest Investing Mistakes
Lesson how to avoid investing mistakes. Few tips for people interested in earning money on stocks. How to invest in stocks.
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Thank you for your opinion raisingmoredough ;-)
All true, have to agree. If I can add another thing, I guess we just have to surround ourselves with money-generating opportunities while never bowing down to failures. Now what I need to do is just do all these :D
Yeah that's right, i think that's partly connected with paragraph no. 4 "Meet people". Thank you for an opinion.
Absolutely true, I should practice it now, for my better future. But the thing is , it really need an extremely strong desire to reach the goal. Good hub, voted up.
Written frankly and honestly and in a nice fresh style. Voted up!
Hi mrcan and EuroCafeAuLait! Thanks for commenting, I really appreciate that.
Thumbs up to every word! Thanks for sharing this damek. they are so true indeed. You pointed out nothing but realities, they are completely indisputable principles! Great hub! I voted up useful and interesting.=)
I believe in working smart not hard because when you work smart,you do not need to try a thing a second time but if u work hard you continue to try and try and that will obviously result to wasting of precious time that you can use to try out other methods of getting rich.just think big and work smart thats all!
raisingmoredough 8 months ago
Truer words were never spoken!