Riches, Wealth, influence, the good life... who does not want it? To never struggle to have the things you want. Obviously here I'm talking about becoming rich through legal ways.
The truth is, we all want money, want to be rich and be successful... the stagnation is that alot of people who want to be rich don't know how to be rich. In situations where you don't know that to do, you have to learn from them are in the know and knowledge, skills and experience. If you you want to be rich you have to learn from rich people.
If you've come to discover a treasure with the potential to make you rich somewhere, would go out telling everybody? certainly not!
Rich people have found ways and secrets that keeps them rich, and there are certain things that they know, do and practice they don't want everyone to know. The rich need the poor for them to stay rich.
Rich people are different from poor people, the difference I'm talking about is not the obvious difference that you may thinking( Cars, houses, possesions and materialism) of course they have a lot of money. But the difference is in what makes them have a lot of money, and that is a Mindset! their way of thinking makes them different and results in the difference that exist for them from the poor.
Their type of Mindset is the secrets that they don't want poor people to know.
Here are the secrets that keeps rich people rich
1. Don't spend more money than they earn.
First it's important that you realise that you are not going to get rich instantly and the rich people of today never got rich in one day but it took years of consistent work and effort that resulted in their wealth today.
When you watch the life of rich people you may get the notion that they spend their money a lot in buying all the luxury.
It's an illusion, for the once rich people who fell into this trap, they never got very far being rich. Usually people who get a lot of money through gambling or winning the lottery, a lot of them , spend, spend and spend and become poor in an instant, instantly got rich and instantly got poor... why? too much spending.
But the people who have been rich for long time, do spend money but they don't spend more than they earn.
The same goes for you at your level never spend money more than you earn, this will help you avoid going into credits. Credits Are traps to impoverish you and make the rich richer and the poor poorer.
Employ this rule in your life never spend more than what you earn, someone said if 'you have an uncontrollable desire or urge to buy something, wait for sometime and self- control yourself and then see if you will still be desiring it, usually the the desire or urge desipate and you realise that you really need or want it.
2. Investing
There is no guarantee that the value of the US dollar or South African Rand or any currency will be equal to today in the future. Rich people understand this, they think in the future, they don't have short-sightedness of the mind, in order to fight inflation, they protect their wealth and what they own so they go into investing.
They invest in stock markets, gold, real estate... and diversify their investments in this way, they limit risks and protect what they own You must resort into investing if you want to be rich.
3. The power of compound interest
Albert Einstein said: compound interest is the 8th wonder of the world. He who understands it, earns it; he who doesn't, pays it"
If you are going to be rich, understand and use the power of compound interest. If you don't know about compound interest I suggest that before investing and learn about it. Recall that I said rich people thrive In the ignorance of the poor.
4. Buy assets not liability
An asset is something that you can make money of, it enriches you with time.
A liability is something that you spend your money on and doesn't make you have money, it cost you money, results in debts, It gets you stuck on long hour job to make money in order to loose it in paying the cost
Prioritize in assets, limiting liabilities if you are going to get rich. In this way you will be able to manage what you own and and grow richer with time.
5. The truth is, you won't be rich doing a job
Working the 9 to 5 job is simply travailing to make someone else rich. You, yourself never get rich, you working to build someones dream. Your Boss that you work for probably makes equal money in one day that he pays for in a month, so forget about being rich working for someone else. Rich people don't want you to discover this because they know that they make money by you. You are encouraged to go to school, University work hard to pass and get excited of completing your studies to get paid 100k per year through hard work everyday while your boss is making millions by you and simply giving a small portion of his huge wealth. If you want to be rich, get your head out of the box, break the barrier, trail new blaze, go against the norms, of just school, University and job from early in the morning till evening, toiling to make some else rich, go above that and start your own business, become an employer instead of an employee. Be your own boss. Work whenever you want. start your own business .
Conclusion.
Rich people have well practiced of the things I shared with you, this are just some of the secrets rich people keep because they benefit from the ignorance of the poor to stay rich.
Rich and poor exist first in the mind, how you think, how you see things, the choices that you make, your level of understanding of things, the extent of your knowledge and wisdom. Invest time in learning and to develop your mind first into thinking like the rich, practice it and results will speak for themselves.
Thank you for reading