The Absolute Best Ways To Save Money

How To Become Wealthy - A 3 Step Formula

The most certain way to become wealthy is to model genuinely rich people. When you struggle financially, it is almost natural to think of the quickest and easiest way out of your financial mess, which often makes you a potential victim of get rich quick scams.

If you often wonder whether one can get rich without cheating, stealing or winning the lottery, I have an answer for you and it is a big yes.

To become wealthy, you need discipline, determination, and very clear financial goals. You must also be ready to work hard at achieving your goals. Here are three steps that can lead you to a life of sustainable wealth:

Step 1 - Change your attitude towards wealthy people.

Most people from poor or middle class backgrounds have been programmed to believe that rich people are greedy dishonest crooks who take advantage of the poor. Now think about this for a moment. Is this not a perfect excuse for your subconscious mind to sabotage your wealth creation efforts? However much you may want to become wealthy, deep inside you would want to be known as a rich greedy crook that takes advantage of the poor.

Step 2 - Set financial goals and work steadily towards them.

You may have heard this before and you will tell me that you have New Year's resolutions that you have never gotten round to implementing. The goals I am talking about here are financial goals and by setting these, you are able to set the strategies that you will adopt to achieve them.

To become wealthy, you need to know specifically how much money you want to make and in a given time frame. For Example 'I want to make $500,000 in the next six months using all the tools at my disposal, selling widgets' is a clear goal. Once you set a goal like this, it is easy for you to measure your progress along the way.

Step 3 - Invest in your financial education.

How much money do you spend on books, seminars and workshops that teach you how to earn, save and invest your money? Any money you spend on these activities is certain to bring you a return at some point in time. Investing in your financial education can never be a waste of time and money.

For instance, you attend a real estate investment seminar that costs you $2,500. In this seminar you learn how to buy property without having to come up with a large down payment, and you take action based on your newly acquired knowledge.

Two months later, you own an investment property worth $250,000. Suddenly the $2,500 does not seem to be significant, given your return on investment.

Many people resist buying books because in their opinion, the only people getting rich are the authors. If you have such an attitude, you will never be able to move to the next level, because if you are not learning, you are not growing and if you are not growing, you are dying.

No one creates and sustains wealth by accident.

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How to Become Rich - Pay Off Debt, Save or Invest?

Recently, I was at a friend's house party and one of my best pals and I got talking about debt, specifically mortgage debt. We were discussing whether he should put a lump sum toward paying off mortgage debt attached to an investment property or use his money for something else. The question was particularly apt as the value on this house had depreciated by c.40% over 2 years and was now in substantial negative equity.

Putting in Good Money after Bad

My take on it was that it makes no sense putting in good money after bad. If the debt we were talking about was non-mortgage debt (e.g. very high-interest credit card debt) then I'd have said pay it off pronto. But we weren't. The way I figured it was, since the interest rate he was paying on his house is 4%, if he could get greater than a net 4% return from his investments than he was better off.

Paying Down Debt is a Sure Thing But...

One way of looking at the 4% mortgage interest is that if you don't have to pay it you are essentially getting 4% net on your money. This is the equivalent of 5.2% pre-tax money (rounding off his effective tax rate to 30%)

Sure, paying down debt is a sure thing; there's a certain comfort that comes from paying off debt. If this house was his home (his primary residence) and he lived there with his family and he absolutely loved the house, and his neighbourhood, and his kids went to school around the corner than my answer to him would have been different. So, the answer to the question of whether you pay off debt first or invest is not a straightforward maths question.

Savings Are Yours to Keep

It's difficult to argue that paying off debt is not necessarily the right thing to do when jobs are not secure, house prices are down etc. It's an understandable reaction but it's important to note that it may not be the best for you financially. One thing I wouldn't advocate is using savings, retirement savings or emergency funds to pay down mortgage debt. I think you need a minimum of 1 year's income put aside in liquid cash for yourself and your family and for no one else to get their grubby little hands on...no matter what! And rather than hand over your savings I think you'd be better off investing so as to beat the cost of the debt you're paying elsewhere. Ultimately, you can't save your way to wealth so you got to be investing.

In Summary...

Whether you choose to pay off debt first or invest is really a question of priorities. You've got your priorities and they i.e. lenders have got theirs...they're usually different.JIn the case of high-interest personal loans then it is a good idea to pay down the debt fast. The bank will always see it as your priority to give them all your hard-earned money. Ultimately, it's a question of understanding who it is that is getting more wealthy...them or you. The choice is yours!

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How to Escape From Wage Slave Trap!

Many people in this world are trapped by the belief that they can not survive or lead a decent and prosperous like without working for someone.

This belief has been passed on from generation to generation. The society we live in has instilled this idea that you should work hard at school and get employed until retirement age or death.
You are also taught to remain loyal to the company or state by paying your taxes in exchange that the government will look after you when you retire. Your children will be offered jobs and the government will place you in retirement home.

With this idea, many people work hard fearing of losing their jobs. They continue working despite getting little wages. They think the company or government will protect and support them when they are unemployed to maintain the standards of living.

Why Wage Slave Trap is Bad

You become a destitute and get paid peanuts for your hard work. All the profits the company makes are invested or channeled somewhere else.

Some of the state laws may not be in your favor. If you are fired, you forfeit the benefits despite the many years you have worked for the company. I'm sure you have seen people who were once managers and directors how they are suffering.

Working for some else does not give you security, but opportunity to explore other ways of survival so that when you are fired, you have somewhere to start from. Even those that hung on to their daily jobs are subjected to a minimum wage and the pension system may even be controlled in such a way that you are paid barely anything that can't buy you a decent meal.
You become more dependent on the state handouts. You have no control; the state dictates how much and when you should get your allowance. Your hard earned dollar is no longer yours.

Real Time Examples

At this stage everyone should know that you can't become wealthy by working for someone else. How many people do you know who have become wealth by working hard for someone else? There are only a few, if not none. But if I asked you how many people have become wealthy by working for themselves? The answer would be many. The Bill Gates of this world and many other individuals just like you who started from somewhere..

Stone Evans, the Home Business Guy was a Washed Restaurant Worker before he found a code at Plug-In Profit Site where you can get your own profitable home business website setup Free to earn multiple streams of affiliate income within the next 24 hours.

There are many other ordinary people, who have made it to the top for example, Dan Akroyd was a mail sorter for Canada's national postal service. Jennifer Aniston was both a telemarketer and waitress before hitting it big. Alec Baldwin was once a bouncer, look at what he is. Lucille Ball was reportedly fired from an ice cream shop for making a mistake, Now he is at the Top. Warren Beatty reportedly worked as a rat catcher before hitting it big. Charles Bronson worked in a coal mine before becoming famous. Kenny Chesney worked as a valet attendant, telemarketer and mail sorter, now he is country singer. Bill Cosby shined shoes and sold produce when he was young, now look at what he has done. Simon Cowell started out as a mail room clerk for EMI Music Publishing where his father worked. Michael Dell washed dishes at a Chinese restaurant for $2.30 per hour. Before his debut role as Glen Lantz in A Nightmare On Elm Street, Johnny Depp worked as an over-the-phone pen salesman. Danny DeVito was a formally trained hair stylist before his break on Taxi. Michael Douglas once worked as a gas station attendant. Tom Hanks once worked as a hotel bellman and carried bags for a number of Celebrities.

These are all real time examples you can learn from, just by changing your attitude. If you want to remain poor continue working hard for someone until you retire. The more hours you work, the more tax you pay... At the end of the month, you are the least paid worker. You can't meet all your needs. Did you know that big companies influence the Government to hold down wages so that they make more profit for themselves?

Why You should Avoid Wage Slave Trap

Employees that are brave enough, manage to purchase a property as a means of investment. This is encouraged by the government as means of security so that you are able to be loaned money against by lending institutions at a higher interest rate.

You should also be aware that the lending institution set rules such that if you default in loan repayment, the house will be taken away from you and lose out. This is why young people are scared of getting mortgages to purchase houses.

Medical insurance has become so expensive for ordinary people. You can't manage to pay for medical bills. You can't visit your own GP because of consultation fees which you can't afford. You are denied of the basic health needs. You are treated like a slave; you have no power or voice. You become stressed ending up with mental breakdown, heart attack, stroke and live a miserable life.

Why you Should Become your Own Boss

So never be caught in this wage slavery. Be a master of your own and rise above it like an eagle that flies above. How? By taking one step at a time every day until you become wealthy. Wealth comes by having money. Money is like Oxygen in your body. You can't survive without it. Money is sweat. It will make you live the way you want, eat what you want and money can take you any where you want.

You will never bow down to your boss, work those awkward shifts deprive you of your freedom and away from your family....

How To Become Wealthy

To become wealthy, you need to be your own boss and own a profitable business that can bring you good income every week, month and year. The business can be anything as long as it is legitimate and profitable. It can be selling newspapers, washing cars, cleaning windows and carpets, internet marketing or owning commercial estate.

By owning a profitable business, you are assured of great benefits. You reap all the rewards. All the profits are yours and you become wealthy and live in a luxury for ever.
You will never be worried of the economy getting tough.

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How to rob a bank legally? by Robert Kiyosaki

Gotta watch this guys

How To Become A Millionaire, 5 simple steps that will get your there, An...

The Number One Reason How To Become A Self Made Millionaire

Other than being born rich or winning the lottery which we know doesn't happen that easy, you have to actually fight for your wealth in this world, working hard creating businesses that bring in 6 figures plus a year and so on, but the question is for everyone how do I get to this point in my life?

Maybe your telling yourself you aren't sure how to create a 6 figure or even a 7 figure a year business yourself...Or maybe you have money to invest but you aren't sure how and where to invest that money so it will flourish and turn in to wealth instead of thin air...

How to become a self-made millionaire doesn't start with creating a ton of money or having a business that has an annual income of 6 to 7 figures, nope that's not how wealth is made at all my friend, now your probably confused and are like what are you talking about, of course more money equals wealth duh...

I always have hated that term it takes money to make money, if that's the case then how come we aren't all self-made millionaires then, you have always had money you have a job you have savings, stocks, money, has been in your life forever and you have always had access to it, so how come you aren't rich yet?

You aren't rich yet because you haven't adapted the one simple thing that it takes in order to become a self-made millionaire. What the rich know how to do and you do as well the only difference between you and the rich is they put it in to action while you are still dreaming about wealth.

How to become a self-made millionaire truly breaks down to one simple process that you have to have discipline in order to even come close to obtaining wealth in your life.

Why the rich are rich, it's no huge secret well it shouldn't be. Becoming a self-made millionaire starts with being frugal the richest people in this world are the cheapest people, why the average people are out buying cars and homes they can't even afford a person who is building wealth is at the used car dealership next door purchasing a beat up 10 year old car that only coast them 6k while you're buying a brand new family car for 35k.

You can't complain that you haven't gained wealth in your life if this is you and all you do is spend money and save a little, you have to spend little save a lot that is the formula to becoming wealthy in every rich person's life.

Ask a very wealthy person on how to become a self-made millionaire and I bet that will say how much are you spending and how much are you saving in your life, the wealthy know what true sacrifice means and they take it in order to get what they want in the long term of things.

Now you have the formula on how to become a self-made millionaire so start putting this in to action in no longer just dream about becoming wealthy just become wealthy and live the life you are after.

Check the video out
http://www.youtube.com/watch?v=yvgXbxyChCQ

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