The key to building wealth is seeing the biographies of the wealthy who built
themselves, because knowing the habits and behaviors of real estate and property
owners is the key to your secret fund. If you aspire to become rich one day,
here are the top secrets that any self-made millionaire knows and can therefore
use to build your own wealth:
You cannot get rich just with your salary
There is no denying that you can advance your career to a certain level. But at
some point you will have to stop and your financial income will stop growing.
The wealthy and financially savvy know that the way to increase wealth is to
make your money work for you.
The author of Rich Dad, Poor Dad bases his financial philosophy on this strategy. The best way to get rich is to create (active) channels through which you can earn continuous income.
These assets can be dividends, real estate rents, business revenue, and any work that you don't have to do on a daily basis.
To be successful in making money for you, you must
learn how to manage it.
Becoming rich requires a completely different mindset
than that of an employee. The employee works to increase the wealth of the employer.
So, if you are planning to get rich, think about your own business
from now on. Keep your day job, but start taking an interest in your work. One
of the secrets of wealth is work and employment to learn, not work just for money.
“A lot of people in the middle class think that starting a business is too risky,” said financial analyst Robert Wilson.
While the rich realize that
the biggest risk is letting your boss decide how much you pay and how much you
earn.
The author of "Rich Dad and Poor Dad" believes that it is best for anyone to start their own business or go bankrupt before they are over 30, as it is possible to recover quickly from bankruptcy at this age.
Don't spend money to buy other people's likes
The living standards of our time have been turned upside down and transformed
into material life.
Be careful not to fall into this trap that prevents most
people from advancing financially, regardless of income level. Know that most
rich people don't spend their time and money to impress others.
Because they know they are successful, so they don't care what other people think. In fact, many wealthy people will not become rich if they spend their hard-earned money
on things that others can buy.
Living below their means and rejecting an extravagant lifestyle is one of the biggest secrets of America's richest millionaires.
So if you want to make progress in the financial aspect of your
life, you have to give up most of the bad behaviors and habits that affect your
income.
Understand the difference between value and price
Price is the amount a buyer pays for acquiring a product, while value is the
interest he gets after acquiring that product.
What most people don't realize is that the "price" is what a person pays in terms of effort and labor to get that amount (eg 6 hours of work/full wages...), and is it worth paying for the expected value.
Price and value differ from person to person, even though the good or service is the same, so “price” means the effort (both material and
moral) that each person makes to provide it is different.
from a person to another.
In addition, everyone has different perceptions of the value they will get from the same good/service, depending on different criteria and priorities.
One of the secrets of the rich is that they look at value, not price, so they
are wise in their financial decisions.
It is also your awareness
Write down your ideas and goals
What sets successful people apart from others is that they write down their
thoughts and goals.
You can also move forward with confidence towards your
financial success if you have specific goals and a clear vision.
You should make
a notebook to record your thoughts big and small.
Thomas Corley, author of Rich
Habits:
The Everyday Habits of the Rich, notes that 67% of the rich ask for
goals and 81% make a to-do list.
If you want to get your feet on the right
track, you need to write down your goal and make a plan to achieve it.