8 secrets of wealth that do not fail
Have you ever wondered why some people are lucky in the economic sphere, while others always lack money? Why only a few can be called prosperous financially? What is the difference between successful money making and ever-needy people?
There are eight principles of wealth that are known to individuals. Some, even knowing about their existence, do not apply them in practice. Maybe they are too obvious, or most of us just don’t want to believe that they work.
This article presents the factors characteristic of most people in the history of mankind who have managed to make a huge fortune. They can be defined as the eight laws of wealth. All rich people know and use at least one of them.
Fortunately, these rules are very simple and convenient to apply. A prosperous life is not a matter of luck or destiny (of course, you should not take into account people born in rich families), but a direct consequence of applying the principles that you will learn right now.
What is wealth? This is a very important concept, since most people seem to not understand it at all. By all accounts, wealth is identified with property. The more money and material goods someone has, the richer he is considered. At first glance, this is the right approach. However, if we consider in more detail ... would you call yourself rich if you lay in a hospital bed, dying of cancer? Your money in this situation will not be necessary.
There is a story of a man who was so obsessed with saving money that his wife and children could afford to turn on the heating only in winter when he was not at home. He preferred not to spend money on heating because he spent most of his life in the warm office of his company. He saved a lot of money. One day a man died of a heart attack. Then the family inherited the property of this miser. He himself never had the opportunity to use his money. From this story the question follows: is the mentioned family rich, or, rather, enslaved because of the thirst of one person?
The main secret of wealth is that it is not only about money. True, they are an integral part of it, but by no means the most important one. Few people understand this simple truth. Money is needed, but only as a means to get things really important. Wealth, therefore, is not so much a state of possession as a lifestyle.
Of course, the word "wealth" is reduced, after all, to the thickness of the wallet and the presence of other assets that ensure a safe life. This is where the dreams of many people stop. Let's take a look at millionaires and billionaires who are one of the most influential layers in our society. Their lives, words, and actions — analyzed, provide interesting insights into the nature of how wealth is obtained.
Eight secrets of wealth.
Secret number 1 - Choice and opportunity.
The rich are often called the lucky ones, or people with a fortunate fate. So say only those who do not know the first of the secrets of wealth. This ability to use opportunities. Yes, it is not so easy yet! Just learn to notice the possibilities and catch them by the tail.
Many people, unfortunately, do not know how. Most often, their actions are paralyzed by fear. What happens if I fail? How much will I lose on investment? Am I good enough to do this? These and other questions are buzzing in the minds of people who dream of wealth, but they cannot get it. Instead, they must take action, use favorable conditions and make bold decisions. Then they will be able to realize all their dreams.
Secret number 2 - The courage to live outside the system.
A sheep wandering behind the herd will never achieve anything more than this herd. And the flock can only come where they are allowed by the shepherd. With people the same way. Most of us do not dare to lean out beyond the established foundations and trends. Few people try to do something new - usually they are criticized or rejected for their “weirdness”. Then it turns out that their unusual idea turned into a profitable business.
Secret number 3 - Risk assessment.
Of course, this is not about rushing into events that are doomed to failure. A rich person is able to correctly assess the risk and participates in projects that promise at least moderate profits. The ability to see all the possible consequences of their actions, it is very useful in any area. In financial matters, this may decide the question "to be or not to be" for your entire family.
Secret number 4 - Economics.
This is the easiest way to get wealth: save money in a savings account or invest it. Even a small amount can lead to great wealth if a person is disciplined and persistent. Patience always pays off, especially in the world of finance.
Secret number 5 - Permanent cost control.
90% of people around the globe have little control over their spending. Most make spontaneous and rash purchases. Budget planning is the lot of units. Some consider it too mercantile, some consider it useless, and some simply consider their expenses and collect millions of crops.
Secret number 6 - Reasonable debt.
A person who is paying with credit cards and is looking for regular loans to buy various things will never be rich. Of course, a reasonable lending opportunity will help you buy a house or invest in a company, but too much debt can pull you to the brink of bankruptcy. See how much, for what and from whom you lend. In this matter, it is best to be as moderate as possible.
Secret number 7 - Reading contracts before signing.
This is a very uncomfortable principle for many. As a rule, no one wants to read long contracts written in small handwriting. We conclude them without thinking, trusting partners or financial advisers. This is not a good practice, and can really be very expensive.
Secret number 8 - Happiness.
This is the simplest of all the universal rules of wealth, although to this day it remains a mystery to most people. Happiness is after all a quantity absolutely independent of the amount of money available. You can be satisfied with life, having very little. Look at the buddha. While he lived in the palace of his father, he did not experience joy. When he led the life of a wandering beggar, on the contrary, he was beaming with happiness. When you realize that you can be absolutely happy right now, wealth appears itself. You do not have to chase him.
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