Thursday, 28 July 2016

How to become rich quickly?

When you ask yourself, "where to get start from?".

Don't get disappointed by answer because its simple, If you want to get rich, you have to be financially literate."

Educated people stressed the importance of reading books, while business men stressed the need to be financial literate.

If you need to build the Empire State Building, the first thing you need to do is dig a deep hole and pour a strong foundation. If you want to build a home in suburbs, all you need to do is pour a six-inch slab of concrete. Most people, in their drive to get rich, are trying to build an Empire State Building on a six-inch slab.

"Most people fail to realize that in life, it's not how much you make. It's how much money you keep. We'all have heard the stories of lottery winners who are poor, then suddenly rich, and then poor again. They win millions, but yet are soon back where they started.

There's a story of a young basketball player who a year ago had millions. Today, at just 29, he claims his friends, attorney, and accountant took his money, and he was forced to work at a car wash for minimum wage. He was fired from the car wash because he refused to take off his championship ring as he was wiping off the cars. He claims that the ring is all he has left and if it was stripped away, he'd crumble.

There are so many people who became instant millionaires. And while I am glad some people have become richer and richer, I caution them that in the long run, it's not how much money you make. It's how much you keep, and how many generations you keep it.

Accounting is the most confusing and boring subject in the world, but if you want to be rich long-term, it could be the most important subject.

Savings is another way to become rich ans successful. 

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