Every people want to have million dollars but
it is not a rocket science and easy. To become a millionaire, you can do these
advices below.
1.Stream so much income
Try to find so much money as you can. An
employee can get $ 35,000 or $ 65,000 per year, depending on the skill. If your
salary is low, you can find side jobs. You can still work while you do some
side jobs.
Create the book, software, technology to get
royalty. Some famous book author can be a millionaire from the book.
Do not depend to your boss only. Someday the
boss will not pay you. You have to create so much income source.
2. Save your money
Saving the money is not just in bank. There
are some things you can do to save your money. Buying in a bulk is a way to
save your money. Use the coupon in the web or magazine to trim down your spending.
We can save the money by thrift the fuel. Buy
the regular gasoline rather than the premium. You can save little dollar from
it.
3. Invest wisely
Invest for your future. When you stop working,
you will get some money to fulfill your daily needs. Investment can multiply
our money in short term or long term.
The capital market is the most famous
investment today. Unfortunately, the return of stock is not good recently due
the economic tight. The bond market is also not good because some Europe country
such as Greek offers high interest bond. we can get high interest from the
Greek Bond but we are doubt that Greek will pay back our money at the time.
Alternatively, you can invest at real asset
such as land, property, crop land, farm, plantation and other.
4. Live below your mean
For what a luxorious car if the cheap car can
pick up you to office? For what a big house if the small house is enough for
you? For what a gold watch if the steel watch can show the right time?
A millionaire should live below the mean. They
can use the money for investment. Warren Buffet, a millionaire investor,
prefers to drive cheap car than luxorius car.
5. Be consistent
A millionaire should be consistent. They
should do what they have planned. When they cannot get jobs, they can open a
business. Some lucky business man make money more than the employee can do.
read also
How to increase net worth
Why Financial Planning is necessary
How to avoid personal financial crisis
read also
How to increase net worth
Why Financial Planning is necessary
How to avoid personal financial crisis
No comments:
Post a Comment