How To Get Rich in 2016 : MY 3 GOLDEN RULES !
If you want to get rich, or have more money, you MUST handle your finance right and have the right mindset for success.
These 3 rules I will talk about today helped me accumulate some of my fortune, and I continue to follow them strictly.
I thought its crucial to write this post so you will understand not only how to make money ( which I talk a lot about in my blog ), but how to handle your personal finance, what to do with the money you make, and even more important, what to avoid.
Wether you want to get rich in 2016, or be financial free, you must understand how to operate with money. You need to understand these 3 simple rules if you want to financial success. period.
RULE #1: KNOW THE DIFFERENCE BETWEEN WASTING MONEY AND INVESTING MONEY !
Wasting money, is using your money for anything that DOESN’T help you create any more money. What I mean by that is you should cut your expenses on stuff like expensive clothes and the ‘luxuries’ that you don’t really need.
I’m not saying you should stop wasting any money at all, just be more wise with it. With that being said, you need to understand that if you want to grow your wealth, you need to SPEND MONEY on things that will bring in more revenue for you.
For instance, if I buy $3000 worth of products to resell online, i’m not wasting money, im investing it. Im going to turn these $3k to $10-12K.
Don’t be afraid to use your money on things that will create your more money, just dont spend it on stuff that won’t.
RULE #2: GET MORE FLOWS OF INCOME - this one is critical folks. You must have a few flows of income if you want to get more money, and more important, be secured financial. Having 1 flow of income, is like the old saying ” putting all your eggs in one basket”. Whatever this flow of income is, even if its a “steady day job” you might lose it someday, and then what?
Besides, it will be much easier for you to grow your wealth if you have a few “money machines”. For me, I do have a physically business that I run offline, and then I have a few streams of income online, and I am now building another stream of income (real estate investing) in order to have money flowing in from different ventures, if that makes sense.
RULE#3: FORGET THE ‘OVER-NIGHT’ SUCCESS BULLSHIT.
Seriously. Just let it go. there is no thing as an “over-night” success. Somebody had to do something to make that “overnight success” happen. Even celebrities that you know are not overnight success, people like ‘ Eminem ‘ and all of those famous singers that make millions struggled just like you. They had to put in work, and effort to get to where they are.
You must understand that you will need to put in work, sweat and tears into the process if you want to become wealthy / financial independent. It’s a process. Unless you were born to a rich family ( which you probably don’t if you read this post ) you will have to work hard, work smart, and build your fortune.
Embrace it. love your journey. it’s making you a stronger, better person, not just financially, but in all areas of life.
WRAP UP
These 3 rules are critical, I recommend you write them down and read them at least once a day. Get serious about your success, don’t just wait for something to happen.
I follow these 3 rules and I can see (on my bank account) that they actually work. they make a huge difference. I don’t buy crap I dont need, I have more than 1 income source, and I now understand that getting to my financial goals is a process, its a journey, and im 100% committed to it, and so should you be if you’re serious about it.
I hope that post gave you any value, if it did, please make sure you share it with others !
Leave a Reply