Lifestyle Desk: According to a millionaire named Steve Siebold, 'getting rich is possible only if you get out of the popular superstitious ideas.' But not everyone takes the chance to get rich. Here are 10 mistakes that could put your abundant future in jeopardy. If you are still in poverty then you can consider the following points.
the rich
Clueless Gandha Khatuni : In school we learned that the harder one works, the further one goes in life. We are all more or less familiar with the expression 'hard work breeds good fortune'. According to a financial advisor named Rick Edelman, "These lessons of school life are not perfect, the other half of the school was not possible to learn, in real life, you can't get rich just by working harder, that is, you can't get rich by working hard." According to Edelman, in addition to working hard to get rich, you need to know how to get good quality crops quickly if you work, that is, you need to be prepared to work hard as well as brains. He thinks that investing money wisely is also an example of smart work. He suggests investing in the stock market or savings bonds to increase your money and wealth. It doesn't involve much risk, much effort or time.
Tendency to save more than to invest: Instead of saving money, focus should be on how to increase income. Saving is crucial to getting rich, but don't neglect investing while focusing on saving. "Ordinary people blow away all their chances in life by winning the lottery and cheering," says Siebold. Don't give up trying to save. If you really want to get rich, according to Siebold, 'Plan how to earn more without worrying about spending money.' Usually, millionaires invest in many places at once, opening multiple avenues of income, thereby increasing their savings.
Spending more than income: You will never become rich if you have a habit of spending more than you earn. Don't open a new expense account even if your income is increasing day by day, avoid trying to make the standard of living expensive. A millionaire named Grant Cardone said, 'I didn't even buy myself a good watch until my business was in a position of secure and guaranteed profit. Even though I own hundreds of crores of rupees, I drive my normal Toyota brand car myself.'
Pay by the hour: Most people want to be paid by the hour or by the month, and the rich want to be paid or profit on the job, on the condition that they are paid as much as they can do. Rich people tend to be somewhat independent, wanting to work independently. Siebold said, 'In the international market, money is often paid as a bell, where it is important to follow the rules, but it will take a lot of time to climb the ladder. The best way to move up is to work independently.' Siebold also said, "Where there is a game of building fortunes of thousands of crores of rupees worldwide, ordinary people sit in the hope of a stable life with a regular paying job and a few extra bucks added to the salary every year."
Reluctance to invest: An easy way to earn more is to take advantage of the extra time this is your first investment, the sooner you start the better. A survey found, 'Most millionaires or the wealthy invest 20 percent of their personal income each year.' According to Ramit Shetty, author of the best-selling book 'I Will Teach You to Be Rich', 'One's wealth should not be measured by the gross income earned each year, but rather by the process of saving and how spare time is utilized.' To become an investor you don't need to master various financial art techniques. You don't even have to be born into an elite family and earn huge sums of money. You can invest in many small schemes including banks, stock market, savings bonds and in time you will see how big these small investments have become.
No dream of your own : If you want to be successful you have to love work, that means you have to have your own dreams, goals. A researcher named Thomas Corral spent five years studying self-made rich people. He said that most people work for other people's dreams and that is their big mistake. Even in the profession of your choice, when you have to work to fulfill the dreams of others, you have no choice but to gasp in disgust.' He also said, 'You have to try to change many things including habits. Otherwise dissatisfaction and dissatisfaction will reflect in everything you do. You will spend your days in poverty. In fact, it takes a deep desire to succeed and that desire is not easily captured.'
You are out of your comfort zone: If you want happiness, wealth and success, you must leave your comfort zone. Rich people in particular find happiness in uncertainty. According to Siebold, these motives underlie everything in middle-class life: physical, mental, and sensual pleasure. All thinkers all over the world know that it is not easy to get rich and all will admit in one sentence that comfort can destroy all progress. In fact, the rich know how to overcome fear and prepare for risk and how to maximize profits by limiting losses. And this is the secret of their success.
You are not sure how much money you want to own: Getting rich will be enjoyable if you work according to the plan. Before making any plan you need to decide your desire, how much money you really want to own. Write down whatever you want, like- you want to buy a house, live abroad, travel abroad once a month, have a grand vacation, etc. etc. Rich people are committed to acquiring wealth.
A millionaire named T Harvey said, 'To be rich requires courage, knowledge and a lot of effort. But everything is possible if you can put your goals in a clear chart.' He also said, 'Most people don't get what they want, because they don't know what they want.' Rich people know what they want, they know they want wealth and they are unwavering in their goals.
Not Saving Leftovers After Spending : If you want to be rich, reward yourself at the first opportunity. A millionaire named David Bach mentions in his book 'The Automatic Millionaire', 'Most people start shopping for themselves and other acquaintances as soon as they get their salary or dividends, then rent, credit card bills, telephone bills, etc.' Instead of saving what's left after paying all the bills, spend what's left after saving. Or ensure savings first by budgeting for expenses. "Reserve an hour's daily earnings for urgent needs, and this practice should be continued," Bach said. For this kind of savings, you have to be proactive and take care that the amount of savings keeps increasing.
Belief - Wealth is not in your luck: Siebold says, 'Most people believe that you can't be rich without luck, but the truth is that if you are a citizen of a capitalist country and you can afford to provide some exchangeable 'service' you can You have every right to be rich. So start asking yourself today, why can't you be rich?' And start thinking big, rich people always want to reach big goals and think accordingly.