In this current age or era, the first thing we need to keep in mind is that knowledge is power and without having knowledge we can’t achieve anything. Before we set our minds to achieve anything or be successful we have to prepare for it because failing to prepare is equal to preparing to fail there are no two ways about it.
Getting rich is the top aspiration of everyone and what we crave but the ones really motivated to be successful or rich are the youths in their early 20s or mid-20s getting rich isn’t all mouth, what are they doing to prepare for it? What are the steps taken for it? Do they have the mindset of a rich person? Or it’s just a wish and aspiration?
Getting rich isn’t by luck or because you deserved to be rich, it’s built from scratch or foundation, a long-term thing to achieve and above all consistency towards what you are doing to build it up. Some steps that can help are;
This is the first foundation or step to getting rich because without investment there’s no other way. Don’t think a 9-5 job can help make you rich when you just earn 12 times a year, even if the salary is big without investment it won’t take you on a long term, think about your children and future. Rich people are investors.
After investing part of your money, the next thing to do is wide your knowledge about how to make more income, develop yourself and skills that can help you on the outside when you have gathered the necessary skills and experience then nothing is out of your reach.
Borrowing to invest is not a bad thing only if you are sure to get huge profits on the capital but what is bad is borrowing to satisfy yourself or not using it for anything of good purpose. Being a debtor is one step to limiting your way to success it’s like an obstacle and difficult as it may sound you have to avoid it at all costs.
Budgeting your expenses it’s a necessity if you want to be rich, without even saying it, if you work hard to earn your money budgeting how you spend shouldn’t be a problem because it helps keep you on track of how to spend it.
This is one thing I have always known about having an emergency fund because life is full of surprises both in a good way and in a bad way, so it’s best to be prepared for it. What you need to do is always have a safe and special place for an emergency fund which you can’t touch only when necessary.
Because you have invested in one or two places doesn’t mean you should relax, you have to look for more ways to earn more, having more than one source of income is what makes one rich. You can invest more, start another side hustle, start per time job online aside from your normal job or explore other ways to earn online.
Don’t just go with the flow, you need to monitor and keep track of what you do with your money and how they come because they also make you know how to hustle for more and control what you do, it also helps you to understand how things how in the economy, whether its difficult time or easy time and then that’s where making a budget comes in.
Making plans and working towards them isn’t an easy task but it takes discipline, determination and commitment. Sometimes you will be tempted to pull out investments and give up on certain things you’ve drafted out but if you are disciplined and determined about your goal then you can achieve it, it’s just time and consistency. And it takes grace!
