Here are 13 tips on how to get rich quick through accumulating wealth like crazy.
How to get rich quick can be explained in 2 sentences:
• Your spending must be less than your income
• Invest balance wisely and you’ll get rich sooner.
The three golden rules to get rich the hard way but coming:
• Spend less
• Win more
• Invest wisely
Follow these simple rules until you get rich and ultimately rich like Mr. Buffet or Bill Gates. If these two richest people could do it, so can you.
That is what essential wisdom dictates. It is true, it is real and it is possible because it is truly yours – you.
What to do with money once you have it in abundance? The three most satisfying uses of money are;
• Invest it – to earn more money
• Giving and sharing – with family, those in need and charitable organizations
• Fun – to enjoy life to the fullest
In this way you will experience good health both mentally and spiritually. It’s the right way to spend your money and more will come your way.
Here are 13 tips on how to get rich quick through accumulating wealth like crazy:
1. Develop daily habits of wealth accumulation
Success is born from good and productive habits. Positive habits bleed success like nothing else on this planet. Thomas C. Corley, writer and researcher, said; “change your clothes change your life”.
Bad personal clothing cause; poverty, sadness, stress, bad health, bad relationships and bad life.
Good clothes bring; wealth, happiness, good health, love, productive relationships, good living, and a feel-good factor.
What to do to develop good – rich clothes:
a) Self-improvement – change and you will change your life
b) Mentality: believe that you are already rich before you do it
c) Think positively about money and life
d) Exercise to stay fit and healthy
e) Be friends with successful people
f) Write and pursue your goals with passion.
g) Get up before 5 a.m. every day to read, exercise, meditate, shower, and eat a high-protein breakfast
h) Create multiple sources of income to ensure financial stability
i) Get yourself a wealth building mentor to guide you
j) Become a mentor to help others
2. You need a wealth plan as Franklin Benjamin taught centuries ago
What should be included in your wealth building plan? The following must be in the plan;
• Realistic expectations
• Controllable results
• Don’t worry, never worry about anything again
• Spend only on essentials: reduce spending on non-essentials
• Save until you feel the pain – save like crazy
• Invest your savings wisely
3. Save 50% or more of Monthly Income
Save as much as you can afford. It is best to save 50% of your income to build wealth quickly. This is possible if you are young and not yet married. There are people who saved 70% of their monthly earnings and after wisely investing the accumulated savings of 10 years they became enormously rich in 20 years.
4. Reverse shopping change – loose change
Small amounts of your purchases can add up to large amounts in the long run. Respect small denomination coins and bills. These can add up if they are regularly saved and invested in an interest bearing account.
5. Know what you want from life: write down the goals
To truly know what you want out of life, sit down and develop goals. Write down your goals and develop a plan for how you will achieve them. Only after you have established a target can you have something to aim or shoot at.
6. Always negotiate to pay less
Trading is good and it’s fun. Try to reach an agreement that favors you. When the opportunity to pay less arises, take it. Therefore, learning how to trade can save you a lot in the long run.
7. Strive to earn more than you did last year
To get rich, you need to continually improve your earning capabilities. Your income should not stagnate, it should grow every year.
8. Invest in continuing education to improve yourself
To change your habits from bad to rich, you need to change. Change can be achieved through continuing education. Therefore, it is a good idea to continue education. That’s what self-improvement is all about.
9. Start a business
After saving money for a few years, you should invest some of it in a small business. Small businesses usually grow big over time if they are managed properly. A business will eventually accelerate your wealth building efforts.
10. Stop working for other people, work for yourself
Once your business is self-sufficient, you must stop working for other people. Stop being a slave. Being self-employed because it’s the right thing to do.
11. Stop buying things you don’t need
If you can do without it, don’t buy it. What’s the point of buying a 100-inch TV screen when a 40-inch one will serve you just fine?
12. Find and solve a problem
The best and fastest way to get rich quick is to find a people problem and find a lasting solution. Bill Gates found a problem and CREATED Windows to solve it.
13. Money is a tool, let it work for you
To get rich quick, you need to put money to work. Money makes work easier. Money can by experts. It can take you to a place you’ve never been before if you let it.
So learn how to make money work for you to get more out of it.
Go simple with your investment strategy:
When your investments add up to less than 10 million, do not opt for complicated investments. Simple is the name of the game. Opt for clear investment models that are easy to understand and implement.
Two of the easiest investment vehicles are;
• Real estate
• Investment funds
After your investments exceed 10 million, you can reconsider your idea of remaining a simple investor.
How to Get Rich The 13 tips are meant to inspire you to take action. You were born to succeed and you can succeed if you believe you can.
Good luck with your efforts to get rich and stay rich.
