How to get rich
Want to get rich in 2020? Start by changing these five habits!
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| How to get rich |
If you want to accumulate more wealth in 2020, you may have to change your way of life to achieve your goals, because money will not appear for nothing. The following five lifestyle changes have helped self-made millionaires become worth today.
HOW TO GET RICH FAST
● There must be two or more sources of income
These richest people want to make money wholeheartedly and are usually not satisfied with only one source of income. Writer Thomas C. Corley has studied the self-made rich for many years, and in his book "Change Your Habit, Change Your Life" (Change Your Habit, Change Your Life) says, "The rich do not rely on one source of income Up to 65% of the rich have at least three sources of income before earning the first pot of gold, "such as real estate leasing, sideline work, or a part-time job.
Once you have two sources of income, try the strategy of the well-known talk show host Jay Leno, save the larger income and live with another smaller income, not only can you make more money The extra cash available for saving and investment also helps to avoid a "more profitable and more expensive" life.
Grant Cardone, a self-made millionaire, said, "Investment is the way to make you super rich." "The only reason to save money is to invest one day."
In fact, personal finance expert Ramit Sethi said that saving and investing is usually more important than salary. Seti said in his book "Let me teach you how to get rich" (I'll Teach You to Be Rich): "Millionaires usually invest 20% of the annual family income. Their wealth is not How much is measured, but how to save and invest for a long time. "
● Financial Management Automation
Once you make up your mind to invest, the easiest way to persevere is to automate the process. Automatic transfer is set up, and the monthly salary will be transferred directly to the savings or investment account as soon as the account is received.
Assuming that the goal for this year is to save $ 2,000 in contingency funds, think about how much money each salary has to be deposited in this year to achieve the goal, and then set the amount to be automatically transferred. If there are more ambitious financial goals, automation will also help. Millennial Sabatil saved more than half of his income and eventually became a millionaire. Sebattier told CNBC: “When I started saving and investing, there were old-fashioned practices. I put my money into an online savings account as much as possible. The process was manual. Now my most recommended approach is to automate savings as much as possible.
The social circle is very important. Self-made millionaire and author Hibbert said that this will even affect your net worth. "In most cases, your net worth will reflect the level of your closest friends ... We are more and more like The objects we exchange with each other also explain why the winning teams in life always attract each other. "
Writer Coley agrees with this, "Wealthy successful people only deal with very specific objects. Their goal is to develop relationships with people who have a successful mindset." Colly suggested that if you do n’t have friends with strong intentions, you may wish to join a group with common career goals and similar interests.
If you set very high goals and are brave enough to accept challenges, you are on the right path. Hebre said that those who make a fortune and realize their dreams have ambitious goals.
Seti said that in setting financial goals and changing lives, don't procrastinate. If you want to accumulate wealth, start today. "The most important factor for getting rich is to start acting, it's not smart or not."
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