Everyone wants to be rich. They just don’t have the motivation or knowledge how to get there. There is one thing they don’t realize.
They have all of the tools to become wealthy. They just aren’t using them wisely. The young especially have the one thing you need, time. But young or old, these tips will get you on your way to becoming RICH:
1. Work your way through school
Why pay loans for the next 20 years? Why waste time? Take that time you would normally be just “hanging out” and make some money. You can then either use that money to pay for school or learn to invest. By the time you’re making a real salary, you should have a firm grasp of how to handle your investments.
2. Save 50% of your income
Everyone says “save 10% of your income”. But why stop at 10%? If that is going to give you a retirement then won’t quadrupling it or more, be even better. I suggest starting out at 10% and slowly creeping up to a larger and larger percent. Or you can just start at 50% and get used to your budget that way. Save more, Earn more, Have more.
3. Part time job at night
This is kind of like the college tip, but for those in the real world. If you don’t have a family or kids to spend time with, why not use your time more wisely? Spend your nights working a shift delivering pizzas or answering phones. You could do that or even better…
4. Part time business at night
Why night spend your nights building a business around something you’re passionate about. You could start an internet company selling information about something you know how to do: Better laundry, Better Barbeque, How to Workout. The possibilities are limitless. If your passionate about it, it won’t even seem like work.
So start using your time and money more wisely and become the multi-millionaire (if that’s what you’re shooting for) even more quickly. You have all the tools to become successful its all about using them. So go out there, start taking some action, and reaping the benefits. Good luck!
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