How to be a rich person in your life

How to be a rich person in your life

How to be rich in your life

The most important thing nowadays is "Money". If you want to travel around the world, eat tasty dishes, want to live luxurious life you will need money. This is the harsh truth of our society. Because money is very very important nowadays. If you want to know how to be rich in your life then you are at the right place.

Today I am going to show you some cool and practical ways to be rich in your life. There are some proven ways to be rich in your life, these are not quick ways but they will definitely work for you because they work for each and every rich person on this planet.

If you want to be rich first of all you have to upgrade your mentality. You have to change your mentality to be a money conscious man. Because if you get 1 billion dollars in your life and you don't know how to hold your money. Sooner or later you are going to loose all your money.That's why you should upgrade your mentality like a rich man. Stop thinking that you will become greedy by more and more money. The truth is that all these thinking are just low level thinkings.

These thinkings shows your mentality and as I said above you have to change your mentality if you want to be a rich person in your life. So start gathering some knowledge by reading books on this particular topic, start listening to podcast and start watching interviews of some great people on this planet. 

It will automatically give your sub-concious mind a direction to think different and think big.

Now after upgrading your mentality you are ready to be a rich person. Here are some proven ways to be rich

1. Start Investing

Investment is a very good way to become a rich person in your life. But a lot of people afraid from investing because they have already lost their money in stock markets. Remember loosing money is a part of investing. The great investor Warren baffet says that "do not invest in something, if you do not know about it"

You should do proper research on this topic and gather some useful information about investing. There's a lot of information on the internet about investing. Remember a lot of people become billionaire just some investing their money. Now if you don't want to invest in stock market you can focus on mutual funds and bonds also.

Mutual fund also have risk but as I said above loosing money is a part of investing. So start gathering some basic information and start investing. At last remember one thing in your mind, never put your whole eggs in one basket. You should try multiple things.

2. Spend less, save more

This is the golden rule of being a rich person. You have to stop yourself from spending money. Because you can fill up an ocean by just adding drops into it continuously. There's no benefit of investing and gaining profit if you do not save your money.

Start saving more and more money or you can use the 50:30:20 rule for this. Here the 50% of your income is for your basic needs that is very important to live, the 30% is for your wants in life and the rest 20% is for your savings. You can save your money in a bank account by adding your money into it by weekly or monthly basis.

3. Have Proper Vision

You have to develop a proper vision, if you want to be a rich person in your life. Because you will get a quick direction after having a vision. Just write down your biggest goals and small goals as well.

For example if you want to be a millionaire when you reach at the age of 30 and you are 20 years old now. Start thinking about you life in your mind to see how would you do this. Then start taking steps that is require to be a rich person. Don't forget first and second step of this article.

4. Start Business

Rich people do not do 8 or 9 hours job for a company. But they make a company that will give other person to do 8 to 9 hours job for you. This is the mentality of rich person. You should adapt this for being rich.

Start some business in your life, start with small. Remember all the billion-trillion dollars company just started from small. Amazon, google, microsoft, apple they all started with small and end up with big.

Never settle in one income, if you want to be rich you should have multiple incomes, start making more and more assets rather than liabalities in your life.

5. Do not listen to people

Now the most important and last point of this article is do not listen to people. People always judge others who started new and met with loss. You have to stand strong in your ups and down. And never listen to other advice.

There is two type of criticism one is constructive and second is destructive. The constructive criticism is good for us. Like if your mentor is giving you an advice which is good for you. And the destructive criticism is the criticism which is done by the people who is jealous from you or they want anything bad for you.

Conclusion- The conclusion is that you have to take steps slowly and gradually if you want to hold your money. Remember success is not an accident, failure is not an accident either. They are just the results of your choices that you take in your life.