Wealth is something just about everyone wants and dreams
about. A lot of people write off the idea of ever being wealthy as a fantasy,
as something that won’t happen to them. In truth, though, wealth is attainablefor most people. You might never be a billionaire, but there’s no reason you
can’t live very comfortably if you play your cards (and your dollars) right.
Who’s in Control Here?
First things first, there are two ways to approach your
finances: you can either let your money control you, or you can control your
money. If you have no idea how much is in your bank account, how you’re ever
going to retire, or what you owe in bills each month, then your money is
controlling your life, dictating how you live and what will happen to you in
the future. If you stay on top of things, however, and make an effort to save
for the future and live within your means in the present, you’re the one in
control. Being in control of your money and your spending means a happier
future and present.
Big Spending is Stupid Spending
Everyone “gets lucky,” financially speaking, from time to time. A
larger-than-expected check. A Christmas bonus. Or maybe just the weekly
paycheck. Whatever the case may be, there’s a big difference between how
financially responsible people and financially irresponsible people handle an
influx of money. Non-responsible people (aka people who are never going to be
rich) will celebrate their new money with expensive purchases, such as designer
clothes or dinner at a fancy restaurant. Responsible people, however, will
carry on living like they always do, with the exception of maybe putting a
little extra money in savings. If you want to one day be rich, look at incoming
money as money that should be saved, not spent.
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A Failure to Change is a Failure to Grow
Your life doesn’t stay the same from year to year, and your finances
reflect the changes in your life. If you make a new job earning more money or
if you get married, certain financial changes in your life also need to happen.
Don’t just find a plan that works at a given time and then stick with it
indefinitely because, chances are, it’s not going to work forever. Be proactive
about adding new loved ones to your will, planning for retirement once you
reach a certain age and for your child’s college fund when he or she is born.
Adjusting your financial planning to reflect your life, in its current state,
is a mark of financially responsible people, people who have the potential to
have great wealth.
Literally Paying the Consequences
Sometimes, certain choices or oversights come with consequences. If
you consistently pay your bills late, for example, you are going to accrue
fines and fees. You can also be subjected to fees if you overdraft your bank
account. Not only is “fee money” wasted money, plain and simple, but having to
regularly pay it is a sign that you’re not being financially smart. When you
have a good, realistic financial plan that you follow and are organized,
everything gets paid on time and you don’t spend beyond your means. When you’re
spending too much or just not staying on top of things, that’s when you start
wasting money on charges like these. Don’t be that type of person if you want
wealth to be yours.
Earn More Money
Perhaps the most simplistic answer to “How do I get rich?” is to earn
more money. But, as simplistic as it sounds, there’s a lot of truth in it. Rich
people are not only people who save money, but they are also people who strive
to consistently make more money. You can make more money by cutting back on
unnecessary expenses in your life or by choosing to finally ask for that raise
or to seek new employment. It doesn’t matter how you do it, but if you are
consistently striving to bring in more money on a regular basis, you will
eventually see results.
Be a Value-Seeker
There’s a difference between being financially smart and being just
plain cheap. Rich people are people who understand that difference. Everyone
will have to make an expensive purchase from time to time, and the key is to
make expensive purchases an investment. Big spending should never be on
frivolous items, only on necessities. And, when money is spent, it should be on
quality items- items that are going to last for years without needing constant
repairs- not on cheap, poorly made items that will end up costing more in the
long run for repairs and replacements.
So, there you have it. A few simple secrets to being rich, or at least
richer. Follow them for positive changes in your financial life.
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