10 TIPS TO GET RICH

10 TIPS TO GET RICH

Do you dream of becoming financially independent?

Probably, as the vast majority of the population.

However, where are you in your life, financially speaking? Are you on the path to financial independence or are you more dependent on your next pay check to arrive to pay your bills?

Unfortunately, according to a survey by the Canadian Payroll Association (CPA), 59% of workers say they would experience financial difficulty if their paycheque was given to them one week later. In the case of single-parent families, 76% of them claim that they would have difficulty in meeting their financial obligations if their pay was late.

Wow! Imagine the pressure that these people must undergo every week? Imagine also conflict and couple baffles that lack of money can cause? I would not wish this on anyone.

How then avoid living a paycheck to another?

Here are ten tips to get rich.

1) Take the decision to become rich

The main reason why people are poor at the time of retirement is that they have never decided to become rich. So take this decision now. In life, we all have a choice: be poor or rich. Money does may not buy happiness, but it takes away the pressure and contributes to the good mood.

2) Pay your debts first

Who pays his debts grows rich. Immediately stop spending money you do not have in your possession. For example, do not put a travel, tickets to shows or evening at the restaurant on your credit card if you do not already have the funds in your savings account. Moreover, the fact of saving to buy something will give you a greater sense of satisfaction.

3) Pay cash

If you do not have the discipline to pay your credit card balance in full every month (interest rate to 18%), pay your purchases in cash only. You realize so much the value of money and you spend less, guaranteed!

4) Look for bargains and shop before buying

As you have probably already experienced two or three phone calls can save you hundreds of dollars on a home or auto insurance. Last week for example, with a few clicks on the Internet, I saved $ 515 on the purchase of a new MacBook Pro (laptop).

5) Purchase of Used

Should you absolutely buy new? Here is an interesting statistic for you, 80% of millionaires drive second-hand cars. Not because they do not have the means to have something new, but because they know that a car is not an investment, it loses about 40% of its value in the first two years.

6) Negotiate

When it comes time to buy anything of a certain value, always ask for a discount or a discount. The worst the seller can say is no. Imagine how much money you would save your life, if you were given a 20% discount every time you make the request. In the case of a house, the savings you make can amount to tens of thousands of dollars.

7) Set up a system to automatically save money

Ask your financial institution to take automatically every month 10% of your net income and place for you this amount in any one investment vehicle. Take action and for 25 or 30 years and you will become a millionaire automatically and effortlessly.

8) Increase your value

Money is a measure of the value of the service. Increase your value and just society, that is to say, your employer or your customers will be willing to pay more for the work you do. How to increase your value? Make continuing education a priority in your life. Read books, listen to audio training programs and hire coaches to help you achieve your goals. Nobody said that getting rich is easy.

9) Have multiple revenue streams

The richest people in our society do not just one source of income, they have several. Ideally, your additional sources of income should not ask you a lot of time and should generate revenue without your physical presence is required. It may be, for example, investment income, a transactional website, rental income, etc.

10) Invest your savings into assets rather than liabilities

An active you earn money and its value increases with time. An apartment building for example. A liability costs you money and its value decreases with time. A boat for example.

About 80% of the millionaires become themselves. They started with ambition, energy and discipline, nothing more; that is to say the same thing to us, you and me. Immediately take the decision to become rich and to stop living a paycheck to another. The key to your future financial success has nothing to do with the economy, but rather with your philosophy.