It is something many people hope for but few people attain… Wealth… Financial freedom!
While money is not the answer to happiness, it can sure help. Just taking the financial stress away can add years to your life and put a smile on your face.
The path to wealth and financial freedom can be uphill and long, but some people have found shortcuts that turn that journey into a short, downhill one.
Here are 6 tips to help you get wealthy.
Get Wealthy Tip #1: Purchase Dividend Paying Growth Stocks
There are many who will tell you there is wealth in day trading… Some people may do okay with buying a stock, letting it rise slightly and selling it. But to have success, you have to be knowledgeable and have the time to do this.
My advice instead is to buy well managed stocks that pay quarterly dividends and just let them sit. And if you purchase a share or 2 say, per month, you will have a nice money producing portfolio in just a few years.
Get Wealthy Tip #2: Keep Learning
If you were to take a close look at some of the richest people in the world who are self-made wealthy people, you would find that they continue to learn new things even after they have “made it.”
Read books, watch videos, and attend courses.
Keep learning because the more you know, you have that many more possibilities of making money.
Get Wealthy Tip #3: Practice Conscious Spending
There is nothing wrong with spending for items that make you happy, but when you are mindlessly spending and not examining options, you are lessening the odds of financial freedom.
Take advantage of coupons and sales; look for generic versions of the same product, and ask yourself before you spend if it is something your truly need or want.
By doing so, you will find your savings healthier and your stress level lighter.
Get Wealthy Tip #4: Set And Write Down Your Goals
Without goals for your future, it is like traveling through the desert with no water. You will not last very long.
Make both short term and long term goals. Write them down. It is a proven fact that the people who write down their goals are more likely to attain them.
Get Wealthy Tip #5: Build On Your Strengths
While I mentioned that you should keep learning new things, it is ultra-important that you realize what your strengths are and you should build them even stronger and exploit them.
Now take that strength and get creative… Use it to build a business or teach others and charge premium rates for doing so.
Let’s say for an example that you have a skill of gardening. Everything you try to grow does well. Your friends say that you could grow bamboo in the middle of the Sahara.
So could you not start traveling and putting on gardening workshops? Or an online paid training? There are an outrageous amount of possibilities.
Exploit that strength and the money will follow.
Get Wealthy Tip #6: Do Not Raise Your Lifestyle When More Income Comes In
This is such an important tip… When people get a pay raise or find more money coming in, they have the tendency to raise their lifestyle habits and spend more money. Instead of hanging on to the 6 year old car that runs perfectly fine, they run out and purchase a new BMW upper their monthly payments.
Or, now we can afford that bigger house on 30 acres instead of the ranch style home we have on 2 acres.
Instead of Chili’s for the Friday night dinner, we will eat at that expensive French place Friday and the ultra expensive Italian restaurant on Sunday.
Doesn’t it make more sense to stay the same and invest in items with that extra money that will make you more money?
Getting wealthy simply comes down to common sense… Spend less and make more!
It really is not rocket science and if you follow these tips and use common sense, you can climb to the top of prosperity mountain. And, speaking of to the top, be sure to order my book of the same name by clicking here.
Have a great day and may you find true wealth, health and well being.