Billionaires are billionaires because they understand the money mystique. They are well-versed in the rules making money. They know what money can do for them. So, they the follow these rules of money making and investment to the hilt.
The rich not only know but also acknowledge that it is not how much you earn but how much you save that leads to wealth creation. So, they spend less on needs and wants and cut down on all kinds of expenses that are not urgent, to put away as much of their earnings as possible, for future benefits. They understand that this is the only way to secure their future. So, they sacrifice some of the good things of life early in their life and save until it hurts.
Lazy bugs don’t become billionaires. If they do, they become billionaires by chance. You have to work really hard to make money. Money does not drop from the blue unless you hit a jackpot. But lady luck does not shine on everyone just like that. The money mystique lays down that you have to invest aggressively and conservatively if you want to be rich.
Given a choice between real estate and investing on a flashy car, your first choice should always be real estate. The simple reason this choice is that real estate appreciates in value while the market value of the car depreciates with time.
If you think that you can become rich by drawing a fat paycheck you are sadly mistaken. Not many salaried people become rich. You need a side hustle where money multiplies while you sleep. You must explore possibilities of passive income in addition to your salary income if you want to be rich.
You have to build a strong network of friends, relatives, and business associates if you really want to come up in life. Each segment has a role to play in your success and you cannot ignore any of them.
Even if you flunked a dozen times in your school, it does not matter. But, at some point of time in life, you will have to start amassing knowledge. Education is very important because you cannot grow beyond a point if you fail to understand things in their right perspective. No matter how much you try to make up for lack of education, your slip will show at the wrong moments. That’s why it is important to update your knowledge from time to time.
If you want to be rich, you have to monitor your progress day-in and day-out. You have to keep tabs on your progress on a daily basis. If you are willing to invest your time, energy and money to nurture your money tree, you may climb up the financial ladder and become a billionaire one day. The important point to remember is that to become a billionaire, you need to have a billionaire mindset and attitude towards money.
