How To Make Your Money

How To Make Your Money

How To Make Your Money

Who does not want to be rich? Certainly not you… If you read this article it means that you’re committed to building the kind of wealth others only dream of. And today you’re going to discover four steps that’ll help make you a successful business person.

Step 1. Face the facts.

Make a decision today that will change your life forever: Decide to get rich. Not in the future. Not ten years from now. No. Get rich now. Right now. You see if you keep doing what you’ve been doing all along you’re never going to be financially free – you might not even have enough to retire one day. And who wants that? But if you commit to following these four steps – religiously – you will achieve substantial wealth in 7 to 15 years.

Step 2. Plan to be wealthy.

You can’t wish yourself wealthy – no matter what your bank manager tells you. You have to plan for it – one detail at a time. Planning to be wealthy means you’re going to have to:

• Get to work 1 hour earlier every morning:

The early bird catches the worm and hundreds of wealthy people attribute their wealth to the fact that they were early-risers.

• Set wealth-building goals for the next twelve months: This means deciding where you want to be twelve months from now and then breaking those goals down into monthly, weekly and DAILY tasks. That’s right – you need to spend at least 15 minutes a day growing your wealth (even if it means just expanding your investment knowledge)

Step 3. Develop wealthy habits. The rich are different from ordinary people – and not just in terms of their wealth. They have certain habits that make them richer with every day that passes. Studies now reveal that the majority of wealthy people:

• Don’t buy into consumer crazes: Wealthy people recognize the difference between quality and prestige. The first offers value money. The second is a waste of money. Wealthy people know that every time they spend money they actually get poorer. So while they’re willing to pay for quality they don’t see the point of buying lavish label brands.

• Don’t have a budget: Surprised? You should be. 80% of people NEVER follow a budget and chances are – neither will you. The solution? Compile a list of your assets (but don’t include your primary residence and car) and your liabilities. Next calculate your net wealth. Now do this once a month and promise yourself this: “Next month I will be wealthier than this month”. That’s all you need to do no big promises, no false starts. Short. Sweet. Smart and Simple. But followed – it’s a system that will make you wealthier than you can imagine.

• Step 4. Increase your income – radically.

Forget 3% or 4% raises – you need to boost your income by 25% - 50% (and that’s just for starters). There are three ways in which you can do this: Ask for a raise: If your boss isn’t willing to oblige you need to focus on becoming an expert in an area of your job that increases profit. You need to develop a profit developing skill that will make you valuable to your boss and show that you are increasing the company’s bottom line. If you do this, it won’t take long for your salary to match your increasing area of expertise. Ask for profit share: Come up with a unique concept for your company, eg. A new product. Fine tune it and present it to your boss and ask for a share of the profits to launch it. But first – put your money where your mouth is and agree to help subsidize it’s launch. Not only will your boss be impressed, but you’ll also be astounded at how much you could potentially earn.

Start your own business: Lastly, you can look to develop a secondary income – which is your own business. For more advice visit this site http://www.biztips42.blogspot.com

Author: Philemon Maloka freelance business article writer