Don’t focus on a job, use the income from your job to invest to create different forms of income
Never invest in what you don’t understand
Fastest way to get rich is to form a business
Keep in mind that you will never be richer than your employeer
Invest 35% of your monthly salary
If your house is your biggest asset then you are in trouble
Invest in Stocks, invest in Mutual funds and Buy bonds
Don’t believe that buying Gold will give you income, gold is dead investment
Drop Shipping, Blogs, Youtube Channels, Affiliate
Marketing and Free lancing are the ways you can make money on the side if you insist on having a JobIf you have real estate put it on rent and enjoy a sweet monthly income
Becoming a sleeping partner to a business also helps
Never loan anyone money because you will always lose it, if you insist on loaning someone money then only lend what you are able to lose because loaning a near and dear one’s money is basically you losing it forever
Invest in people as well, they are always some people who shine out in the crowd, they have there unique talent and personality which makes them very special, find these people and stay with them, if and when they become big later on it can be useful to you
Invest in yourself, spend 2% of your monthy income and spend it on yourself in productive ways such as reading and gaining more knowledgeMindset, Mindset, Mindset and Mindset. If you want to be rich than get that Mindset
Keep in mind that you either build your dreams or someone hires you to build theirs
Your emergency fund has to have atleast 6 months of your salary in it
If you don’t have the cash for something, don’t take a loan to buy it, buy with cash hands down. Don’t use credit cards at all! (depends on your situation)
Never take a loan for starting a business since everyone plans for success, so you need to plan for failure because if your business fails than that loan will crush you
Never trust anyone who has more interest in your money than yourself
Be aware of Ponzi Schemes
Learn the value of Compound interest, its beautiful
So there you have it, these rules can be applied to anyone with little resources, this is a mixture of advise and personal experience along with solid knowledge and common sense. If you found it useful then Bookmark it.
