My next article is about business and finance.
You have to understand that money is not only never sleep - they do not know no fatigue, no holidays. Money demand attention and are always attracted to that and are committed, who himself has devoted himself to them and respects them.
While most people say that they want more money and want to achieve financial success, most people never actually reaches it. Why? The reason is simple. We admit missteps in handling money.
I bet you, just as I made some of these mistakes:
1. calm down, we stop to strive for.
Satisfaction - one of the most dangerous elements in finance. the middle class is based on the idea of comfort, contentment, on to earn only as much as necessary. Rich never enough of wealth, and they will never settle down. They are looking for freedom and abundance and always strive for more.
2. Diversification.
Uolstrit did an excellent job selling people the idea of diversification, because Uolstrit benefit from it. As my friend Mark Cuban, "diversification - for idiots." If you want to create wealth, you need to know when to shovel everything in one place. Find another way and make a bet on it. Andrew Carnegie said: "The way to get rich - it's all put on one card and monitor this card."
3. depend on one source of income.
How however great this one source, you can not ever depend on one source of income. In 2008, I was acquainted with a woman administrator, who earned $ 350,000 a year (it was part of the 1% most highly paid) and the source of her income suddenly stopped. Create multiple streams of income that will flow into the bucket of your wealth. This is not the diversification of wealth - is its strengthening.
4. Compare yourself with "Smith."
76 percent of working Americans live from paycheck to paycheck. I think the statistics are similar in other countries. Compare yourself with the majority of Americans (or your countrymen), and you feel that you are doing well. Never compare your finances with strangers. They say that beauty - in the eye of the beholder, but the money is not in the "eye of the beholder." Do you or have enough money - or not.
5. seduce the most fashionable new things.
Avoid investments in any companies that may be displaced by the emergence of new technologies. You had a phone «Blackberry»? And is there still? I look at what people will always need to do, and investments in that new inventions are not swept away.
6. Being naive and too trusting.
The biggest mistake in my life regarding the finances was my naivety, I believed the same group of people because they liked me. I did not bother to take time to check that they are, for what they are. By that time, when I realized that something was wrong, I had already lost millions of dollars. Do not trust your feelings and look for reliable evidence.
7. Save the sake of economy.
Saving can go bankrupt. The money "sitting idle", go to another place. Money gets bored, they need to act, they have to work. To create wealth, you need to invest in excess of that will create new opportunities to generate revenue.
8. Becoming "mod" ahead of time.
The opposite is a miser spender who is trying to impress others with their cars, clothing and watches. I bought my first luxury car only when I already had millions in store. When I finally started to buy luxury goods, I already did not matter that it is unprofitable investments. It may seem that the very rich (real dandies) flaunt the money that they are wasteful. In fact it is not. Watch them on the hand belong to them, not the credit card «Visa».
In custody:
It is your responsibility to create wealth for your family, for your business and to make your dreams become a reality. I really would like to wish you good luck to avoid errors in the creation of wealth; but luck just is not enough. Mistakes are inevitable. Learn from them and create for themselves the true freedom!