(5) things you should follow in order to have a rich life
Everyone wants to have a rich life. But why aren’t many rich yet? Why is your monthly income and expenses not balanced? The answer is that there are financial mistakes being made. Today, I want to tell you the things you should do and avoid to avoid financial problems.
(1) Have a solid income
Having a regular income stream every month is also very important. Even if you have a regular income, you will be able to manage how much you will spend and how much you will save from your salary. So stick to a regular income-generating job.
(2) Be debt-free
Debt is simply poison. It’s fun when you take out a loan, but you’ll definitely have to pay it back on a certain date. Taking a loan is not your wage income, so it’s not a good feeling to use it. So, if you can, don’t get into debt. If you have debt, pay it off.
(3) Learn to invest
Wealthy people like to invest more than save money. If you are not very skilled in business, you can buy or invest in real estate. Real estate is worth more than money. Even if you don’t want to do any other business, buy and invest in real estate because the value will increase over the years.
(4) Learn to save money
You should plan how much of your monthly income you will spend and how much you will save. Divide the minimum salary into one-third and save one and use the other two. By saving money, it is convenient for you whenever you have an emergency, and it also gives you strength.
(5) Distinguish between use and waste
Use and waste may seem the same thing, but if you really look closely, they are completely different. Spending is buying something you really need, and spending is buying something you really want and will need. But I used it because of my own desire. So if you distinguish between spending and spending, financial problems will go away considerably.