10 Financial Mistakes Of Wealthy People Not Do Most people dream of wealth, but they commit a lot of mistakes in the management of their financial resources, which can dissipate quickly, rather than to grow, here’s a set of behaviors that negatively affect the physical situation, and reported by “Time” magazine.
10 financial mistakes of the wealthy is not located where
1. Do not forget to invest in themselves:
They believe the importance of continuing their education and obtain certificates, and even entertainment for themselves, and they are willing to invest upfront to reap the fruits of the long term.
2. Do not neglect to save for the future:
Wealthy does not focus entirely on their present, they realize what they would need tomorrow, and this is a priority for them as well.
3. Do not just choose the cheapest:
Which is better to buy cheap computers for $ 300 every five years, or to pay $ 600 in exchange for quality that can last for decades, Rich people invest in the most expensive option to stay for a long time.
4. No live outside the limits of the financial abilities:
Some had spent the money to spend quality time outside the home, but when their
Brexit Money Machine incomes shrink the material, they are reducing their expenses to fit in with that.
5. Do not spend money they do not own:
Avoid borrowing, because it means paying more money in exchange for things I bought it in religion or in installments, they are committed to Brexit Money Machine and the amount of money they possess.
6. do not have the financial secrets hidden for a partner:
The wealthy are putting financial resources place an open debate on the level of the family, and they have nothing to hide from the partner, in particular, the family is money and money is not a particular person.
7. Do not hold a lot of things:
Wealthy simply trying to deal with things as much as possible, from the investment portfolio containing different types of projects that could generate Brexit Money Machine money, and component of high-risk, all the way to the house, which contains the latest and largest purposes.
8. Do not ignore their emotions:
Keen to be the work supported by their emotions, which means that it reduces the effort, and helps to maintain physical income.
9. Do not be ashamed of savings measures:
Do not be ashamed of the wealthy options that will save money, like riding a bike, bus or shopping at wholesale stores, without the fall in the trap of big brands, which they see as a way to dispel the money.
10. take the time to search:
Wealthy does not invest their money in dubious Brexit Money Machine projects or non-conforming, but they take their time to research and understand the aspects of any project will put their money.
Not at all destined to die poor, many of the rich have begun from scratch, says one of them, a Steve , if everyone has the same opportunity to achieve wealth.
To be able to assess yourself, here are some red lines that must be away about it, because that would hinder access to your dream of wealth, he was quoted by the “Independent”.
9 signs that you will never become rich
1. focus on savings rather than gain:
You can not build wealth without savings, but we should not focus on that, even more important is how to make more money, which he does the wealthy. Brexit Money Machine says you do not need to abandon savings strategies, but also start thinking about how a wealthy earn more, the common denominator among them is that they are developing multiple channels of income and enjoy smart savings habits.
2. did not start after investing:
Most effective way to make money over time ways is invested, the more sooner begun, the better. Brexit Money Machine writer says “the rich invest an average of 20 percent of household income per year, not including an estimated wealth earned in the year-end, but how it saved up and invested in the long term.” Saving is important, but it could run out after a year because of the benefits, and the depreciation of the currency, so it is advisable to invest.
3. You are convinced of a fixed salary:
People choose an average payment of fixed salary based on time, while the rich private works in their favor, and get on the result of work total, and they know that the fastest way to build wealth, while others seek to ensure their access to fixed salary is increasing annually.
4. If you buy things that do not bear the costs:
If you are living above your means will never become rich, even if it began charging higher salary, or have received a significant increase, this does not justify that raise your lifestyle.
He says Grant Cardone, a wealthy self-made, he did not buy the first hour or luxury car, only after the income multiple structures and investment sources, and he was still driving his Toyota Camry, although it has become a millionaire, saying that the purchase is not a solution.
5. keep track of other people’s dreams, not dreams:
If you want to be successful you have to love what you do, and that means to follow your passion and your dreams, many misses to pursue dreams of others, such as parents, for example, according to Thomas Curley, who spent five years in the study of Brexit Money Machine wealth building from scratch.
He added that when you keep track of goals and put someone else, it will be an unhappy profession performed, will change your habits and your life, and your performance will be affected, which means the inability to achieve the desired success.
6. rarely be outside the circle stable:
If you want to build wealth and success, you have to move forward in life, and walk forward, where Quantum Code review instability and comfort. Siebold says that the physical, psychological and emotional comfort is the main goal of the middle class, wealthy people know that this stability mean lack of progress, and they are living opposite continuously.
7. not have specific financial goals:
Before you place any financial plans must have a clear financial goal to reach it, the rich are committed to expand their wealth, and this requires them to focus, effort, knowledge and courage, and the most important reason that people do not pray to the literal translation is that they do not know what they want.
8. spared after spending:
Your way to wealth must pay yourself first, when most people earn the money they are paying for all by themselves, paying the phone company, and electricity, and the government, and instead of spending then provide the rest, we must spare no at first for yourself and then start spending, it is supposed to provide at least 10 percent of your income.
9. believes that it is not able to be rich:
Quantum Code review says that most people think that the rich preserve of the lucky people, and they can not access it, The way of thinking this is the first obstacle in front of them, Rich people have high expectations, and always thinking manner, “Why not?”.