How a poor man can become rich

22.09.2024 20:15

Chance does not determine whether a person will be poor or become rich.

Here, the inner attitude decides a lot.

So before you move towards success and strive for wealth, start changing your life attitudes.

Change your thinking

Perhaps you have several arguments that prove that being rich is bad. Maybe you have decided that in order to have large sums of money you will have to work hard and undermine your health. Or you think that wealth will take away your peace.

For example, you will be afraid of robberies, you will have to protect your property, you are not ready to deal with tax issues on your own. To get rid of such fears and internal blocks, you need to read special literature, and even better, attend seminars that will teach you how to manage your money.

money
Photo: © TUT NEWS

Control your expenses

It is important to learn to spend less than you earn. To do this, it is useful to keep records in which you can indicate all your expenses for the last month.

This way you will be able to understand where your money is going. Over time, you will stop buying unnecessary things.

Calculate how much money you spend per month and multiply the resulting number by 5. This way, you will understand how much you need to put aside in reserve. Start putting aside 10% of all your income to accumulate it. It is better to do this in a bank account. It is highly advisable to replenish the reserve every month.

Think about what will help you in this matter. You can do it differently - put 5% into savings, and spend the other five percent on some pleasures. Sometimes a person needs to please himself materially. If you decide to restrain yourself, you will still break down and then spend much more.

Start your own business

If you are an employee, it will be difficult for you to get rich. If you are a freelancer, the chances are higher, but there is no guarantee.

After all, human capabilities are limited. You may simply not have enough time or energy to earn a lot. Therefore, it is much more effective to create your own system that will work for you.

Act now, the perfect moment will never come. The most important thing is to remember that you deserve to be rich.

Earlier I talked about how to restart your career after 40.

Author: Vitaly Kisterny Director

Content
  1. Change your thinking
  2. Control your expenses
  3. Start your own business