2024 Author: Malcolm Clapton | [email protected]. Last modified: 2023-12-17 03:44
All success stories are unique in their own way and at the same time similar to one another. So similar that it is quite possible to single out the basic rules, following which any person is able to achieve success and wealth. In this article, you will learn the most important ones.
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Buy only the things you really need
Awareness of their real needs and the ability to live with them in harmony is an invaluable skill of every person. Although this characteristic is not financial, but philosophical.
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Spend less than you earn
It may be trite and boring, but nobody canceled the law of conservation of energy. Nothing comes from anywhere, nothing disappears without a trace.
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Make sure you can pay for your purchases
Surprisingly, poor people are sometimes much more wasteful than wealthy people. Only those people who are never in danger of wealth can afford to buy a smartphone of the latest model or a car on credit, spend the last money on a fashionable new thing or vacation abroad.
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Have patience
As soon as your efforts begin to bring the first results, and your bank account is overgrown with zeros, you will immediately have a desire to reward yourself and go all out. Have patience and remember that rolling downhill is always easier and faster than climbing a mountain.
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Use automatic accumulation programs
You cannot spend what you no longer have. You will not be able to forget to make another deposit to your account, if it has already been done for you. Therefore, try to use a special service available in many banks, which independently deposits a certain percentage of your salary in a savings account.
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Pay off credit card debt as quickly as possible
It is very convenient to be able to buy a little more than you can currently afford. But this opportunity corrupts your brain, instilling confidence in the limitlessness of your wallet. You gradually get used to living in debt, and the happy bank pays you its interest.
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Use time to your advantage
The sooner you start saving, the better. If you make your first installment in 20 or 30 years, then already in the middle of your life you will have a solid financial cushion that protects you from shocks.
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Understand that money cannot buy happiness.
At the start, you must first of all correctly define your goals. If you want to become rich in order to win love, recognition and happiness, then you may be in for a surprise. The really important things have no price tags.
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Be prepared for the unexpected
Life is amazing and full of surprises, sometimes unpleasant. Now you are full of strength, health and making plans for the future, and somewhere around the corner Annushka is already buying sunflower oil in a store. A financial stash made in time will allow you not to slip, and if you have already fallen, then quickly get up.
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Determine the real size of your salary
If you have a decent salary, but at the same time there are a lot of debts on which you pay interest, then you need to rely in planning on exactly the amount that remains after all the deductions. Sometimes it turns out that a person with a huge salary is actually poorer than a modest lower-level employee who has no debt.
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Work hard
If you are used to relying only on your own strength, if you are accustomed to overcome obstacles, then no troubles or life circumstances can get in your way.
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Find a second job
This will not only allow you to quickly accumulate the required amount, but also deprive you of the opportunity to make unnecessary spending. You simply will not have the time and energy for all sorts of nonsense.
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Don't be afraid to set big goals for yourself.
Most people do not set themselves big goals and do not seek to go beyond their current capabilities. Try to look a little ahead and set goals for yourself not for tomorrow, but for a much more distant future. Big goals are great incentives for growth.
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Improve your financial literacy
Today, you can often meet people who are brilliant specialists in their chosen profession, but absolute ignoramuses in finance. Do not be lazy to set aside a special time to get at least minimal information about all these rates, interest, deposits and loans. This can save you a huge amount of money in the future.
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Do what you like
If you work with pleasure, and not just for the purpose of accumulation, then your life will be much happier and richer. Paradoxically, financial goals are also easier to achieve in this case.
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Determine your worth
You will constantly be faced with the fact that the people around you will underestimate your value. Some do it to buy you more profitable, others just for the sake of self-affirmation. Your task in this regard is to know exactly how much you are worth, and not to make concessions.
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Make your money work
It's hardly reasonable to just put off a pretty penny every day and hope to become a millionaire after a while. Your money should work and generate income.
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Invest in yourself
Without constant education and self-development, you will never stand out from the crowd and will not be able to achieve anything. Each coin spent on your education will bring you the greatest dividends in the future.
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There is a way out of any situation, most often even several
Be flexible and creative. Most of the barriers are only a product of our consciousness and crumble into small pieces, as soon as we get closer to them.
These are the basic rules of financial well-being that you will need in life. Of course, fulfilling them does not guarantee that you will become a millionaire. But, on the other hand, you can accurately predict that neglecting them will prevent you from becoming a rich person. So it's better to read and remember all the same.
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