10 Tips To Help Make Money
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Tips To Help Make Money
10 tips to help “make money” of the richest people in the world
“Most of us focus on finding discount offers and living poorly by not seizing the great opportunities. Meanwhile, the rich know that saving is important, but the decisive factor in making money ”- self-made millionaire Steve Siebold.
1. Diversify Sources of Income
In a five-year study of self-made millionaires, author Thomas C. Corley found that most of them have more than one source of income. Specifically, 65% have 3 sources of income; 45% have 4 income sources and 29% have 5 or more income sources.
These additional sources of income include real estate, [investment] advances, and the purchase of ownership stakes in subsidiary businesses.
2. Never Leave Idle Money
“The only way to save money is to invest it,” said Grant Cardone, a former financial plumber at 21 and became a millionaire by the age of 30. You should never use this money to invest for any other purpose, including emergencies. ”
Of course, investment is always associated with risk and risk of losing everything; But it is also the fastest profitable channel.
Millionaires invest an average of 20% of their total income each year. The wealth of billionaires is not measured by how much money they raise in their accounts each year, but how they invest.
3. Don’t Worry About Capital
You have a great business idea but can’t do it because of a lack of capital. The rich are different. They just need to have an idea, then they will call for investment from the “wallet” of others.
Rich people know that money is always everywhere. Therefore, they are just looking for profitable opportunities and investments.
To make money, you don’t have to have money. In fact, you need an idea and it is that idea that will make you money!
4. Pursuing Success Instead of Money
Most of us think that the rich are greedy and always pursue money. But the reality is that most millionaires succeed in money. Money is only a measure of wealth when you have achieved the big goals of your life.
Rich people realize that life and business are like a game. And in that game, the rich always want to win.
5. Facing The Problem
When faced with any difficulties in life, the rich often put it down on paper and list solutions. This will help them move from “worrying” thinking to “problem-solving”.
The easiest way to make money is to solve all the problems. The bigger the problem, the more chance you will have of making money.
6. Don’t Count On Stable Monthly Wages
The rich are often self-employed and so they determine their own monthly salary. The majority of the poor hope their monthly salary to get rich and have a better life.
But it seems that this is the slowest path to wealth and promotion is the safest way. The rich always know that self-business is the fastest way to wealth.
7. Set Goals And Specify Them
If you want to make a lot of money, you must have clear goals and specific plans to achieve them. Money does not appear by itself, you have to work to create it. The rich are determined to succeed and create wealth with courage, knowledge and efforts.
The reason most poor people stay forever poor is that they don’t know what they want and the rich always know they want wealth.
8. Play With Other Rich People
Making friends with other rich and successful people will help you learn a lot, share your vision, and call for capital when needed. It is no coincidence that “Your wealth reflects the wealth of people you know”.
9. Invest Yourself
In a way, rich people are considered selfish and thinking for themselves. But if you don’t take care of yourself, you can’t take care of anyone else.
You can’t give away things you don’t even have. As such, the philosophy of wealth is that you have to get what you want, then help others in your own way.
10. Change Your Mind About Money
Whether you become rich or not completely comes from your thoughts about money and making money. While most poor people think that getting rich is out of control, the rich believe that getting rich is entirely in their hands.