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6 Tips To Attract Wealth - Part 1
June 26, 2007 |
To become wealthy, one must acquire a mindset of a wealthy person. Othewise, even if you struck lottery and win a boatful of money, it is very likely that the money will soon be gone.
How do the rich think? What is their mindset like?
To build the correct mindset, here are 6 tips that you can implement immediately! Make them YOUR habits and before you know it… you are rich!
Tip 1
Saving. The age old wisdom of saving. Mom’s right! You have to save consistently. This is the golden key to your wealth. Set aside a least 10% of your earnings every month to a special account. Make this account “untouchable” and can only be invested but NEVER spent. If you are earning $1000 per month, make sure you put $100 into this special account. After just a year, you would have at least $1200 in the account ( not counting the interest! ).
How about after 5 years? How about you have saved $200 instead every month… yes… it all adds up!
Tip 2
Leverage your money. Those savings in the bank must be leveraged. What do I mean? It means to make these money in your savings work harder for you. Put them into accounts that have higher interest rates or fixed deposit or perhaps in real estate if you have sufficient savings. But a word of caution, make sure you study the investment and understand the risk before you put the money into it.
Tip 3
Delayed gratification. What do I mean? Stay tuned for the next installment.
>>>> Meanwhile, start taking action on Tip 1 and Tip 2! Do not underestimate these crucial 2 tips that get you started!
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Comments
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Good tips to accumulate wealth. Thanks for sharing.
Jim Somchai
http://www.visualizationmeditation.com