So. How do you become wealthy? It is in theory actually very simple. There are only two rules that really matter:
- Spend less than you earn
- Maximize your earnings
Most people say that money is the root of all evil. Based on this inaccurate belief most folks seem to not care about money by spending it as if it was worth nothing. As soon as they get some cash, they trade it away on some worthless trinket – usually an upgrade of a trinket they already possess. TVs, bigger TVs (better get new glasses if you can’t see the one you have) and other similar consumer liabilities.
The Bible actually says that the love of money is the root of all evil. This changes the picture completely. If money is not the root of evil, then we can keep as much of it as we want. We don’t have to throw it away willy nilly. This leads us to the first rule: Spend less than you earn.
If you spend less than you accumulate, your cache of cash will invariably grow. For those large ticket items like 52″ plasma HDTVs, wait until you have accumulated 140% or more of the purchase price of the trinket. Then buy it. You will still be ahead in the cash department and you will only have had to wait a few months, maybe a year. By then the toy you wanted so badly will have become a better toy for the same or less money anyway. You only need a bit of self-discipline.
As for the second rule, this is where your imagination comes into play. What you want to do here is spend your money on things that will make more money. This means investment. Even if you only invest one dollar for a return of 3% that dollar will sit out there and make 3 cents for you all by itself. Over and over again. Or, better yet, don’t spend any money at all. Spend your talents and sweat. Start a small, home based business. Make custom cards. Type things up for people. I won’t go into everything you can do because the list is literally endless. Just use your God given talents to earn money.
These methods are foolproof. They work. All they require is committment from you and hard work. Yes: hard work. Unless you win the lottery or inherit from a wealthy relative, you will never get rich without hard work. This means burning the midnight oil, going to social events which are also business related (AKA networking), basically living your life as your business. No more 9 to 5. I guarantee 9 to 5ers will never become wealthy. Their heart is not in it.
It makes no difference how much money you have. Anyone can become rich. The difference between being rich and being wealthy is that, to be rich, all you need is a lot of money. To be wealthy, all you need is to manage well the money you do have.
Now that you don’t have to spend thousands on some seminar, go get wealthy!