Tips on How To Build Wealth
Creating wealth is a step-by-step strategy. Stability is not the synonym to empty wallet, so the first thing you should do is to get out of your comfort zone and start acting vigorously. In this article, we are giving you some useful tips on how to avoid taking the ground and make a decent fortune.
Most healthy habits that will help you get rich
“The rich have their quirks”, - this is a little accusing notice of ordinary people who want to keep up with the Joneses in their richness. And they are right. These “quirks” make them rich!
Everything positive starts with habits. Habit is a foundation of your success or permanent failure. You may find that your ordinary daily activities don’t have absolute effect on your life, but it is not.This fact has been proved by the recent study, the results of which writer, scientist and financial advisor Thomas Corley published in the book called Rich Habits: The Daily Success Habits of Wealthy Individuals. Here is the quote from the book: «Habits are like snowflakes. Each by itself is weightless, but together they form a powerful avalanche success».
Two hundred wealthy people took part in the experiment provided by Thomas Corley. The selection criteria for this category of people was their annual income, which was supposed to be at least $ 160,000. For comparison, the researchers have also recruited a second group, which included people of very modest background: their annual income was less than $ 35,000. As a result, comparison of lifestyles of these two groups revealed significant differences in their daily habits. Corley highlighted a number of features prevalent in the group of rich people and could rarely found among the poor. Which of these are the most powerful habits? Here are some examples:
Rich people always remember their goals
Successful people try never to forget about overarching objectives and are making daily efforts to achieve it. They can plan their actions for the next few years and subordinate their lives according to this plan. 62% of the rich claim that they never forget their purpose, while those in the second group there are only 6% of people considering their future. The richest man of the modern epoch Bill Gates once mentioned that it was essential for him to plan the company’s activities for many years forward to avoid rough failures.
Rich people always know what to do today
81% of wealthy people use a variety of services planning, task lists, paper organizers, and other management tools of time. They record their daily goals and focus on achieving them. Among the poorest 19% only understand the importance of planning.
The rich do not watch TV
67% of the group with huge income are watching TV less than an hour a day. Only 23% of the poor said they watch TV less than an hour a day.
They read, but not for fun
86% of the rich claim that they love to read, and 26% of the poor fully agree with them. The only question is what the representatives of each group read. 88% of wealthy people read books for self-improvement at least 30 minutes a day. Among the poor that number was only 2%.
They are completely involved in work
Despite the fact that the members of the first group have already achieved a lot, they tend to go all out of their workplace. 81% of them said they fully met the requirements of the company. And only 6% were dissatisfied with their work. Among low-income people there wereless than 17% of workers who were outside the scope of their duties.
They do not hope for too much good luck
Wealth building and sudden luck is not the primary goal of wealthy people. 77% of low-income groups sometimes play various lottery and sweepstakes. Only 6% of the rich rely on their fate balls or happy figures. The rich usually believe in their strengths and potential.
The rich take care of their health
In many developed countries, a slim figure is considered one of the signs of prosperity, while the fat people are the most common among the poor. In the study, this observation is fully confirmed. 57% of wealthy respondents count the calories in their dishes, but among the poor of respondents only 5% are concerned about their nutrition habits.
Of course, even the most complete set of good habits will not give you a guarantee of wealth. But on the other hand, good habits brick your way to success. So do not neglect these simple rules, which are available literally everyone.
Several strategies for creating wealth were suggested by Jim Rohn, a world-renowned business philosopher. He has develop strategies for wealth for the companies Coca-Cola, IBM, Xerox, General Motors and others popular brands. He was the personal “business coach” of Bill Gates.The businessman offers seven unique strategies for success. Taking them into account, you can control your time and money, pursue knowledge, gain a boost of energy and a desire to get things done, and surround yourself with winners.
‘You do not have to strive for success, you have to make yourself a person proper for success, - said Jean Rohn.- The master key to your future is you; it is not the economy, not the success in the market, not the government or the taxes’. It is noteworthy that the cost of tickets to his lectures were about $5,000, but, as a rule, it did not embarrass the listeners. His recommendations are considered universal: they are all presented in the form of simple actions that don’t require specialized knowledge but rather his training is based on common sense.
Here is the list of seven strategies to achieve wealth and happiness.
Strategy 1: Unleash energy purposes. Find your perfect motivation.
Strategy 2. Objectives: How to make them work for you
Strategy 3: Look for knowledge: This is the way to the wisdom of people
Strategy 4.Learn to change. Change is the miracle of personality development
Strategy 5: Manage your finances: achieve financial freedom
Strategy 6: Learn how to manage your time. Become a skillful master of your time
Strategy 7: Surround yourself with winners.
If you are interested in esoteric doctrines and dream of using its methods to become rich, you are welcome to read the books of Vadim Zeland carefully. The author gives just hundreds of tips on how to get rich and to bring money home. Here is what Vadim says:
“To begin with, learn to communicate with successful people and feel like you’re already rich. Regularly go to expensive shops and try to be as at home there. Forget about your debts, do not think about them every minute and stop being burdened by them. Just give away all doubts and allow yourself to be rich”.
As a rule, people tend to procrastinate and demonstrate their laziness. We are often making so many excuses and forget that they alienate us from building wealth. However, some people start joking here. For example, let’s imagine a typical life situation: you cannot pay the rent this month. No one likes coughing up rent. But at least these tenants gave landlords creative reasons for avoiding it:
“With my daughter’s graduation, our new boat, and our trip to Europe this year, we’re a little strapped.”
“I’m getting real tired of paying this rent every month! You’ll have to wait a few more days.”
“We’re a little short right now. But don’t worry—we’re getting a refund on my wife’s tattoo. The artist messed it up, and we’re getting back most of the bucks!”
“I didn’t pay the rent because I’m saving up to move.”
“It’s your fault the check bounced. Why didn’t you tell me you were going to run to the bank the very same day!”
If it happens once upon a time, this joke is really funny. But if this happens constantly, and you just makes everybody laugh about your financial difficulties, you are in trouble of becoming a pauper. Imagine that you won $500 000 in the lottery. Now, you have to decide what to do with this unbelievable sum of money. Choose one of the options:
Buy a marvelous house with five bedrooms, tennis court and helicopter pad
Run to the car salon and buy the most prestige car ever
Indulge yourself with the most exclusive things in the world (Gold iPhone 6S, brand clothes, casinos, yachts etc.)
Invest money into business to make profit
If you choose among the first five things from the list, you are suffering from the psychology of the poor person. These thoughts are typical for people brought up in the low-income family. They adore momentary indulgences and don’t consider their future. The children of such parents are well-acquainted with financial difficulties, debts and loans, since this is the only topic discussed in the family. However, there are some tips to help you avoid the same fate in the future:
Rule number 1: Save Money
When getting the certain sum of money, do not run headlong into a store and buy some unnecessary things. Do not be a spendthrift, use your head!
Rule number 2: Invest your money
Some people put their savings in jewels (gold, diamonds), the others invest into real estate and land. AND IT IS RIGHT!These options will always be a contribution to the future. You can also come up with your own way of investment, but it has to be relevant and in demand! A time tested way to get wealthy is Real Estate. Most wealthy people either started their own business or own massive amounts of real estate. A great resource to learn more about Investment Property is jasonhartman.com. This gentleman has build a vast array of investment properties and shares his great passion on his website.
Rule number 3: How to get rich? Be creative
For example, try to come up with something interesting, or invent. Strain your brain! The best brains of this world get a lot of money from the idea, not from the amount of work. Try to do something creative with your own hands. For every product there is a buyer, keep this in mind.
Here is the popular recipe for wealth: Learn while the others are sleeping; work, while the rest hang around; get ready while the others are playing; and dream while others only wish. ”
Rule number 4: Open a personal bank account
For instance, you open a personal bank account and take the habit to put certain sum of money into your account. Or, if you are a big spender, then you can write a statement to the bank to deduct a small amount of your savings to your personal account. After a year of such accumulation you will be delighted.
Rule number 5: Believe in yourself with your heart and soul
Many psychologists give very simple answer to the question “How to get rich?” They advise people to believe in luck. And it is a valid method, actually.
You should understand that all of our thoughts are material. Everything you think about is material. Try not to think about your poor state. Before going to bed imagine how you become a wealthy man! Begin to present your beautiful future life: your cozy house with an orchard, your favorite work, your car, your vacation four times a year in the paradise of the world. Try to feel their condition from the inside and believe in your thought. Also it would be nice if you made your own personal collage of your dreams picturing yourself with those things.
To conclude it all, never allow yourself saying the phrase: “Oh, to buy this, I have to work for thirty years! In order to present good luck on your side, you need to say the following sentence: “When I get rich, I will surely buy it!” Believe in your wonderful dreams and think about the future. Do not let the ghosts of the poor past shade your dreams for well-being and happy future. In order to succeed, you must be optimistic always.