RULES OF GETTING RICH

  RULES OF GETTING RICH

 1. Always Spend Less Than You Earn

Spending less than you earn is one of the most important financial concept to understand and live by. If you don’t live on less than you earn, you will never get ahead. Spending less than you earn may take some initial life changes, but the longer you do it, the easier it is to continue doing it.

2.  Knowledge is Power

You see knowledge is power, however without the action of that knowledge, it is often useful for nothing. You just become a smart paperweight.

Again, I like learning, because if you are not learning, serving and growing, to me, you simply are not living. An important part of that is using and teaching what you have learned. Knowledge is the key to success, action of that knowledge is the power of success.

3. Avoid debt 

The best way to avoid never-ending pressure from creditors to repay overdue bills is to not let the bills become overdue in the first place. Better yet, to avoid getting into debt at all (to the extent possible).

Even though credit cards , and car payments are a virtual necessity in the lives of most consumers today, minimizing debt and avoiding overdue bills are in everyone's best interests.

4.  Diversify Your Income

Diversifying your income provides you with a stronger personal safety net in case you’re fired or hit with another unexpected emergency. Plus, with diversification comes business experimentation. And you never know where that could lead you.

 Having multiple income streams also improves your earning potential. Maybe your employer won’t give you a raise for another year—but a side hustle can give you another way to earn more money before your boss is feeling generous.

5. Be Self-Disciplined

Self-discipline has been the success secret that has stood out the most in all the success literature I’ve read.  After reading book after book on success, it has faithfully shown itself over and over again.

Robert Kiyosaki once stated, “Self-discipline is the No.1 delineating factor between the rich, the middle class, and the poor.”

RULES OF GETTING RICH

By TradeFlo