Secrets to get rich in life

If you are serious about getting wealthy, you need to listen tosecrets the suggestions passed down through ages. Though many ignore it, some of them took the advice seriously to get rich. Some tips to get rich

goalSetting daily goals: Getting rich isn’t easy and it won’t happen overnight. Set a goal as in, by which year you want to see yourself as a millionaire and how can it be done. For instance, if you save a 5$ million over 10 to 15 years, how much you should save every day to get there.

Track your expenses: Careful planning and tracking your expensestrack is the way to go, not just the big expenses but every casual expense too. There is a saying “a small leak can sink a big ship”. Stop going for expensive shopping every now and then, cancel gym membership if you are not using it, eliminate expensive coffee drinks. You can make use of the excel charts or at least Notes app if you use mobile to track the expenses.

Look for passive income: Just through the single source of income, it might not be possible to get rich, so, passive income plays an important role to generate income. You could invest in stocks or real estate or start a blog, etc, passive income doesn’t need your study focus.

noSay NO to bad habits: Bad habits are like obstructions that prevent you from achieving what you wanted to achieve, maybe from having the money, investing it, making more money and getting rich. So make sure, you avoid bad habits. Although you can’t get rich by eliminating bad habits, you need to work hard to get there.

Don’t spend more: Do not spend more than what you make. Many people don’t heed to that advice and spend more than what they make. As per a survey, in the USA more than 55% of the people spend more than what they make.

Manage your time: Everyone on this planet has an equal amount of time, no matter which profession you are in, what is really important is how effectively you make use of it. You can be rich by spending your time on what makes it useful in achieving your goal.

References

https://www.briantracy.com/blog/financial-success/the-secret-to-getting-rich/
https://www.iwillteachyoutoberich.com/blog/i-dont-have-any-secrets-about-getting-rich/
https://www.successconsciousness.com/guest_articles/secrets_getting_rich.htm