Get rich, one day at a time
I haven’t seen anyone sane person who wants to die poor. Most people hope to be a millionaire. But how are you turning your hopes to reality? How are you programming yourself the millionaires way?
It’s nice to hope for something good but, but the secrete to achieving your dreams I working hard at it. Every rule book to success tells you that. Every self made millionaire tells you same. Yes there are few cases where pockets of people become millionaires in jackpots and lotteries. Those millionaires are perhaps less than one percent of the millionaires you have in your town, state or country - insignificant few. So how did the rest of the population make their money?
Nigerian streets are replete with spots betteing shops, Baba Ijebu, and all sorts of lotteries. Every day, folks are gathered around the front of the stores, scratching and picking numbers. It said to see these guys N100, N200, N1000 or even more away every week, knowing that their chances of winning the jackpot in lottery are 1 in 250,000 or more..
However, investments experts say, most millionaires work day in and day out at their own business or for someone else. They live modestly, save regularly, invest and grow their wealth constantly. Thus, the secret to becoming a millionaire is that there is no secret; there are regular wealth building habits that create long term affluence says gobankingrates. come.
Core to that habit is savings and investments. Here is the thing, every time your investment goes up, you are earning more money on top of your initial money invested - compounding interests or returns. The trick is, you cannot pull your funds out. You have to keep them invested to grow over time. I know forty years seems like an eternity, but if you are twenty five, you won’t even miss the funds. If you are older and don’t have forty years until you retire, than consider saving and investing more money, analyst at gobankingrates.com advices.
Some other tips worth taking to heart in your quest to becoming wealthy include:
Start a side business
What skills do you have that others need or want? When you are not at your employer’s office, sell your skills to third parties for extra income. Everyone has some particular skill; sell yours. Its legal provided it is not within your work hours and you don’t corner your employer’s clients. You can sell products for a commission. You car both can be your store. You can also sell at home. You can farm by the side and grow it gradually.