10 rules to help you get rich
Learn how to effectively control money to accomplish the things you want and still have an abundant and comfortable life. The 10 rules of spending money below will be useful to you.
1. Invest in yourself
The best investment in your future you can make is in yourself. And the sooner you realize this, the better because you should be doing a lot of different things when you’re young.
Of course, this is about learning and experiencing new things. They don’t mean you need to earn a college degree, but instead, try learning about something you’re really interested in.
Reading books, taking an online course, getting a certificate, or enrolling in personal development programs are all great options. And the more you invest in yourself, the more valuable you become. In the modern world you have access to many free classes, try them out to see which direction you should go.
2. Remember the 3 number 8 . rule
We all know that the average person will work 8 hours/day, sleep 8 hours/night and have about 8 hours to spare. We sell our work hours to others and spend time sleeping on our bodies. So the only way to get better at something is to spend the last 8 hours of the day wisely. Do something that can be helpful in the long run, like mastering skills you already have or learning new ones, instead of just watching an online video.
3. Be more careful in lending money to friends and relatives
Even though we love our relatives and friends and worry about them, we still hope to get back the money we lent them, right? But the thing is, they may have a different way of thinking. Maybe your borrowers hope that you will forget about this debt shortly. And the truth is, you don’t have to be this generous.
Because of this misunderstanding, a good relationship can come to an end. Therefore, you can lend money or you agree that the money will be paid back within a fixed period of time.
4. Spending less gives you more freedom and flexibility
Wealth articles often recommend spending less. And this tip actually makes a lot more sense. Just imagine you have a hateful job, live in a place you don’t like, and if you have enough money, can change everything when you want. As you start saving more money, you will become more flexible. And until then, you can do the things that really matter to you.
5. Follow the 24 hour rule
There are many times when shopping you do not understand why you have made that decision. Even many orders are just impulsive because they think the amount is insignificant compared to their income. But when you calm down and add all that up, you realize that the amount is too big and these transactions don’t make much sense.
So to cut down on really unnecessary expenses, you have to follow the 24-hour rule. Please wait 1 day to purchase. Your impulsive emotions will calm down and you may eventually realize how you really feel. You will be surprised at how many things you decide not to buy.
6. Every day, take 1 minute to check your expenses
This trick is surprisingly simple, but it helps you keep your daily spending under control. In the middle of each day, take 1 minute to check and think about every trade you made during that period. This will help you spot any questionable decisions, slow your spending, and determine how much money you need each day.
7. Before every purchase, compare
Another way to slow down and think about what you’re buying, to avoid disappointment in the future, is to keep one simple idea in mind. For example, when you see a great sweater in the store but you don’t need it or the price is too high, think about this: “Is this sweater more important than a great holiday next month? are not?”.
8. Don’t fall for the marketing tricks
Big companies use a lot of different tricks to get us to buy things we don’t really need. What’s even more surprising is that most of these marketing ploys are known to us, but they’re still useful.
In order not to fall for these tricks, you need to keep in mind: Whenever there is a sale, it is only for products that cost more in the first place or are of poor quality. In the end, the manufacturer is the only party that wins from these purchases.
9. Go shopping when alone
When we go shopping with friends, we spend more money for many reasons. Because we are going to visit more places than we are alone and when trying on clothes, they cheer and encourage you to buy things. Our general mood is always better when shopping with friends, so will want to spend more.
Tip: When you want to meet your friends, go for a walk in the park together. Shopping should never be seen as entertainment but as a serious duty.
10. Get rid of any toxic thoughts related to money
If you don’t believe you can become successful, you will quickly get tired of what you’re doing and think it’s pointless. So you don’t gain anything. Just an experiment, try and change your negative thoughts about money and live like that for a month. You will be surprised by the results.
Theo brightside
at Blogtuan.info – Source: Afamily.vn – Read the original article here
