Getting rich is not a short-term project. We cannot speak of days or even months. We are talking about years. It takes many years and possibly decades. This is not a get-rich-quick scheme, but a get-rich-quick path.
Steps
Step 1. Save your money
Save as much as possible. Every penny is fine. Instead of having coffee, drink water. Instead of going to McDonald's, make a sandwich at home. Reduce your credit card expenses.
- The first step to getting rich requires discipline. If you really want to get rich, you have to stick to a discipline, are you capable? If you can, you will soon realize that the maximum saving yield is concentrated on personal spending. You have to give up many things, even if it's not easy for everyone, especially if you have a family. This is reality. But wherever you can save, do it as much as possible. Then put your savings in the bank and invest in half-yearly certificates of deposit (CDs).
- The goal is to have liquidity available. You don't have to save for retirement. You have to keep it set aside for the time you need cash. An investment market in movable and real estate is inappropriate for you. In this type of financial negotiations, liquidity is blocked by previous purchases and therefore, when a good opportunity arises, there is no cash to invest and at the same time it is not possible to release sums by selling assets that have not yet "risen". Those who put their money on CDs sleep soundly at night and will surely have more money today than they had yesterday. And since in this case they are smart savers and careful buyers, their personal inflation rate is within their means. Cash is king for those who want to get rich.
Step 2. Be smart
Invest in yourself and get well informed about an activity that you really like to do. It doesn't matter what it is.
- Whatever your hobby, interest or passion, find what you love most and FIND A JOB in the industry that supports it. It could be a clerk job, a salesman, what you can find. You have to start learning the business somewhere. Instead of paying to go to school, you are being paid to learn. It may not be the perfect job, but there is no perfect path to getting rich.
- Before or after work and on weekends, every single day, read everything there is to know about the business. Go to trade shows, read trade magazines, spend a lot of time talking to the people who work and do business in the market you are interested in and with their suppliers.
Step 3. When times of uncertainty come, bring about changes in your business
These times will come. They can happen soon, or after years, but they do come. The nature of the business infrastructure in our country is bound to experience ups and downs. The boom happens when smart people sell. Failure when rich people start speculating. You will know when this time comes for you, because you know your business in all respects. Then you will be ready, because you will have saved over time for this moment.
Advice
Despite the changes and uncertainty in the financial markets, there are people right now making more money than they ever dreamed of. They are those who have experienced the real estate and financial market from the inside and have understood what was really going on. They are the ones who have understood the complexity of the credit markets. When everyone followed the crowd, they continued to save by avoiding being carried away by the common idea. Booms and failures happen in every industry. The question is whether you have the discipline to be ready when it happens to you
Read books on financial markets (all types). Especially any book by Dave Ramsey, he writes quite simply and makes reading enjoyable, even if you're not much of a reader.
