So you want to be rich? I can tell you how right here and now.
There is a very simple three-step formula that will create wealth. It's a formula that has been proven to work over the years. Best of all, it's so common that you likely already know it.
1. Start saving money as early as possible.
2. Always spend a minimum of 10% less than you make.
3. Invest the money that you don't spend.
That's it ! No secret
The only reason I am patience because I am still young. If I was 50, I would have gave up by now. By me being younger, it makes me feel I still have a chance.
The Street list 5 ways that patience can help you become rich:
1. It helps forgo instant gratification
2. It helps you save
3. Patience helps avoid "get rich quick" schemes
4. It helps you stay on your wealth-building plan
5. Patience helps you look long term
To me, just having patience does not automatically qualify you to become rich, in addition to being patience, you need money and savings/investment techniques to compliment your patience!
6 cool comments:
Patience is the key, but money is the door !!!!!!!!
The author forgot to add #4 Knowledge
Having knowledge about money, can save you from invest or saving money in the wrong places
Good observation, knowledge is also a key point !
I always said the slow tortoise always win the race. I rather a long slow journey than 5 shortcuts to gain the ultimate satisfaction which is: FREEDOM
Shortcuts do not work !
Everyone like to get rich quick, but the price you pay, can get you poor quick.
This is a great beginning to the mental changes that are required to become wealthy. Rich is one thing, but to become truly wealthy a person has to change the choices being made in regards to money, personal relationships, possessions, and lifestyle. Excellent Post, Money Monk. How about you discuss the emotional blocks that keep us from becoming wealthy? I know you have wisdom in this arena!
emotional blocks are:
instant gratification,
living above and beyond your salary
bad infulences that are around you
just to name a few
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