A 25-year-old person has a luxury house and a good car, and if you’re over 25 years old and haven’t done these 7 things, it’s hard to live well in the years to come.
At the age of 25, which means you have graduated from school for a few years, have you found a satisfactory job yet? Or are you still struggling with food and money? At the age of 25, what is the biggest asset you own? A car? A house? An expensive scooter? Or the iPhone X? Surfing social networks, we have seen many people at this age who are married, have had children, some have achieved initial success in their careers, others have found a direction in the near future.
Often, building wealth depends on following a few smart habits, and the earlier you establish them, the higher your chances of hitting seven figures.
25 years old, we are still young, have a healthy body, have a thinking head and have something to pursue. So it is imperative to grasp these guidelines so that the following years in your life can live more comfortably and freely!
1. Discipline with reading
Social economist Randall Bell, who has studied success for 25 years, said: “Reading is significantly correlated with higher education and income, as well as overall happiness. People who read seven or more books a year are 122% more likely to become a millionaire than those who never read or read only one to three books.”
One of the richest men in the world: Billionaire Bill Gates reads 50 books a year and Warren Buffett spends up to 80% of his day reading.
2. Find a way to earn extra income
“You won’t get rich if you don’t diversify into multiple streams of income,” says self-made millionaire Grant Cardone, who was heavily in debt before hitting seven figures. that you currently have. Find a way to increase that source of income and start expanding into more streams.”
Developing multiple sources of income means you can find a side job, generate passive income or choose a high paying side job.
3. Build relationships with high achievers
Relationships before the age of 24 will be more about helping us relax than bringing certain values to ourselves. These are usually entertainment meetings, chatting together, milk tea, parties, shopping, not much related to professional work. After reaching the milestone of 25 years old, looking around you, you will begin to get more serious about your career with development plans to make your life more secure and secure. Moreover, when you have time to get to know people, you will gain new relationships at work and when there is something to talk about, relying on you can also be easily achieved. On the contrary, when they need help, they will come to you and you will learn, work, promote and seize development opportunities.
We should not let our chats and meetings drift away to things that are not really important to us, but instead we can direct the conversation to more useful topics such as courses, communication, etc. Work experience, how to build relationships with colleagues, …
4. Investing is a must to get rich
“Investing money is how you’ll become super rich,” Cardone said. “The truth is the only reason you’ll save money is because one day you’ll need to invest it.”
In fact, the amount you save and invest may be more important than your income itself. As personal finance expert Ramit Sethi writes in “I’ll Teach You to Get Rich”: “On average, millionaires invest up to 20% of their family income each year. measured by the amount of money they earn each year but by saving and investing gradually over time.”
5. Have a plan for life
Social economist Randall Bell once shared a fact: “People who regularly check their calendars and make to-do lists are 289% more likely to become millionaires than those who don’t. Specifically”.
Self-made billionaires Bill Gates and Richard Branson are hardworking note-takers. “It doesn’t matter how you take notes – as long as you do,” says Branson.
“The number one reason most people don’t get what they want is that they don’t know what they want,” self-made millionaire T. Harv Eker writes in his book “Secrets of the Millionaire Mindset”.
If you want to build wealth, you must have a clear goal, a specific plan, and a hard deadline. And when you set goals, don’t be afraid to think big. “Rich people set their expectations very high and are ready to face any challenge. No one can be rich and live their dreams without great expectations,” Siebold said.
6. Able to get up early
The richest, most successful people tend to start the day before the average person.
In a five-year study of 177 self-made millionaires, author Thomas C. Corley found that nearly 50% of them woke up at least three hours before the actual workday began.
Corley writes in her book “Change Your Habits, Change Your Life” that waking up early can help you make more time for inevitable disruptions, such as when a meeting is held. It took longer than expected.” Waking up at 5 a.m. to tackle the top three most important tasks helps you regain control of your life. It gives you a sense of confidence that you really have direction and control over your life.”
7. Can endure hardship
If you want to make more money or get ahead in life, you have to be willing to step outside of your comfort zone.
This includes negotiating your salary. It is one of the simplest ways to increase your earning potential, as those who ask for more often receive. However, most people don’t even try.
Sure, bargaining can be hard work, but not being paid what you deserve can mean the difference between the average life and the rich life. After all, as self-made millionaire Grant Sabatier says, “The most important thing that will determine your future earning potential and get you to $1 million the fastest is how much you get paid today. “
Source: CNBC
By Business and Marketing
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