Here are some tips help us in our goal to achieve wealth or being rich:
Doing what excites us
To become rich we should do things with passion, and the best way to achieve this is to dedicate ourselves to do that we are passionate about.
Therefore, the first thing to do is identify what excites us, what we like a lot to do, what would we do if we had all the money in the world, or what we'd do without anyone even pay for it .
And then, once identified our passion, choosing a business or activity where we do exactly what we're passionate about, or at least connected with it.
Making our money work for us
Another requirement to be rich is to make our money work for us, that is, to invest our money in assets that will generate a steady flow of money without ever worrying for it.
For example, investing in businesses where we do not have to be present to generate profits, invest in real estate and then rent them to invest in financial assets such as stocks or bonds, etc.
Using other people's work
Using the work of other people means paying other people to use their time and talents on our behalf, so take advantage of the leverage that means using someone else's time, or simply have more time available to us.
only using other people's work can achieve wealth, the reason for this is that we have a limited time and with that little time we have is very difficult to be rich.
An example of using the work of others can be given when running a business, rather than try to do everything on our own, ideally form a team of people we help manage and grow.
Using other people's money
Using other people's money means to borrow money to start or expand business or purchase investment and make more money than it costs money that has been asked provided.
only using the money of others may become rich, the reason for them is that it is usual that we have a limited money and that money is very difficult to invest in something big.
An example of using other people's money can make when investing in real estate, instead of trying pay cash, the ideal would be to ask a bank loan and make our renter who pays. Compress
time
Our time is limited, and with the little time we have is very difficult to become rich, unless compressed time, ie we use it in the most efficient way possible eg
- not work for money but for the time: do not change our time for money but to have more time available for it, namely make our money work for us.
- not want to do everything for it, learn to use the work of others.
- not learning, preparing, or analyzing too much information, rather than spend time doing this, use the work of others and / or spend more time acting.
- not waste time on things that divert us from our main objective, which is to be rich, from time to time make a list of things to do and see how we are wasting our time.
not work hard
may seem contradictory, but other requirements to become rich is to avoid hard work.
may initially need to work hard, but over time it is necessary to avoid working too much, and rather to create systems and make our money and other people working for us.
Before work hard, we work smart and take time to make contacts, to form teams to think of new ideas, to seek new opportunities and exploit them.
even take a day off to think about where we are and where we go, that day may help us in our goal to be rich rather than several days of work followed, as well as allowing return to work refreshed and invigorated.
same to take time off to us or our family, to make Thus, in the end avoid running or suffering from both work and return to work with more clarity and energy.
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