How to become rich

There are 2 types of people in our society first is rich and 2nd is poor if you see the physical or outer properties of the rich or the poor both look the same both have the same mind both have the same hand both have the same body. Then why is the too much difference between the financial condition or in bank balance?

In this post with the help of different books. We will try to understand the ways to think like a rich mindset and how to become rich. So get started our today’s topic “How to Become Rich”.

INVEST IN YOURSELF 

Always remember your mind is your biggest asset on investing in these assets always gives you thousands times return. Look at the example of Elon musk. When Elon Musk started his company space X he had no knowledge about rocket science he invested himself and gained knowledge about rocket science after too many failed attempts and failures he has a successful company space x. If you see the common habit of rich people like Bill Gates, Elon Musk, Jeff Bezos, they always keep investing in themselves by a common habit of reading books. The more you learn the more you earn.

Lesson no. 1 reading books are the best way to invest own yourself achieving success and became rich.

BALANCE YOUR ASSETS AND LIABILITIES

In simple words, assets are the things that give you money and liabilities take your money as you in the bill, etc. For example, for a taxi driver, his car is an asset because he is making money with the help of the other hand. The same car becomes a liability for a person Because He has to pay all the expenses of his car on his income.

According to the very famous book of Robert Kiyosaki, Rich Dad Poor Dad Most middle-class people, due to the lack of financial knowledge, are stuck in their liabilities, like home loans, car loans, credit cards, etc. Due to this rat race, middle-class men never focus on creating their assets and keep increasing their liabilities like iPhone, new cars, etc. On the other hand for a rich person creating assets is the topmost priority like Stocks, Property, Real Estate and so on. These assets work for them and make money for their expenses or liabilities. 

Lesson no 2 How to become rich: Focus on Creating assets rather than Liabilities.

MAKES YOUR GOALS AND ACT ON THEM

According to the book of Robert Kiyosaki, Rich Dad Poor Dad in this book author said the middle-class people don’t think big and make dreams according to his worth in result he or she achieved according to it they think they can’t afford it. On the other side Instead of thinking I don’t afford it they think “How Can I afford it” and makes their goals and plans according to it.

Lesson 3 How to become Rich: Instead of thinking “I can’t afford it” think “How can I afford it.”

FIRST SAVING THEN EXPENSE 

Most of us think that first finish all the liabilities and loans than savings. But according to Warren Buffett save first and then expense on liabilities or loans. For being rich always remember the 20% law. Always save 20% part of the money from your salary. The same thing is also suggested in the book of Robert Kiyosaki

Lesson 4 always follow the 20% rule in any situation of your life 

START AS SOON AS YOU CAN

There is a saying that If you are born poor it’s not your mistake If you die poor it’s your mistake. Now a day’s most youngster are wasting their time on social media and Netflix. But they don’t know that most developers and creators make these apps at a very young age and now they are in this position. You are reading this blog so far it shows that you are want to achieve in your life so my dear friend If you can a kind of startup idea so never stop with any kind of fear to get fail or lose something always remember that failure is the first key of success.

Lesson 5:  Never be afraid to Take your First step and achieve success.

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