10 Golden Steps On The Road To Wealth
In this article, you will find the basic steps to reach wealth by improving your financial intelligence. By confidently applying each step in your life, you can achieve the financial well-being and financial freedom you dream of.
Perform Financial Analysis:
The first step on the road to wealth is about taking control of your finances. The first thing you will do in this process is to make an income-expense analysis. Grab a pen and paper and start by listing your income and expenses. Try to see them all in one diagram, starting with the highest income and expense item. This chart will show you what you spend where and where you earn how much. Once you've done that, take a break and enjoy this moment of your life changing. Constantly review your finances by updating this analysis monthly.
Set Your Purpose:
What you understand by wealth is more important than anything else. Many people spend a lifetime not knowing what they want in life. Therefore, they can never achieve what they want. Ask yourself the question: How much do I want to earn, how rich do I want to be? Try to use as specific expressions as possible. Once you've clarified your purpose, you can jot it down under your previous chart.
Review Your Thoughts and Beliefs:
Knowing yourself is the biggest springboard to wealth. To get rich, you must first really want to be rich. Do you really want to be rich? Or do you just desire to live a comfortable life? How much money do you need to get this convenience? Think carefully about the answers to these questions… Then try to review your thoughts about wealth and money. If you have negative thoughts and beliefs about money, you must first turn them into positive.
Plan for Wealth:
You answer how to become rich with your life. So be careful at this point. When you answer how to get rich, you draw a roadmap for yourself. How and what will you do to get this wealth? There can be several different answers to this. To determine the most suitable plan for you, you can complete this action plan, which includes the steps you will take after reading the next steps.
Get Rid of Non-Value Costs:
Anything in your life that doesn't make you money is a cost item. Although some things that make you happy are the exception, you should identify your non-money-producing cost items one by one and direct your resources in the right direction. In line with the financial analysis you have made, you can score each cost item on two criteria. Try to remove the lowest scoring ones from your life over time. The first of the two criteria you will use for scoring necessary needs, if the second are arbitrary needs. Try to get rid of everything that gives you pleasure and what you need in a short time and/or reduce its consumption.
Rent Instead of Buying:
Many people like to own things. In fact, this is the biggest obstacle to wealth. Many things you buy come back to you as a burden, make your life cumbersome and destroy your flexibility. You should control your willingness to buy something other than an investment purchase and a subsistence purchase. The unseen costs of owning it in the long run are very high. Don't be afraid to rent or borrow. Remember, the ostentatious are the ones with money, not the rich. If your goal is to be rich, you need to act with the awareness of wealth.
Invest, Not Save:
In many places, it is recommended that you save money to become rich. Actually, this is true, but incomplete information. It is very important that you turn savings into investments. The way to wealth is not to save, but to evaluate your savings. There are two important issues regarding investment. First, the investment risk ratiosecond, the investment return speedis. By excluding your main source of income (salary/earnings), investments that are basically risky will yield fast returns, while risk-free or less risky investments will yield slower returns. Find a good balance between these two and try to evaluate your savings as soon as possible.
Increase Your Income Items:
The statement here should not go unnoticed: Increasing your income items and increasing your income are different things, even if they end up on the same path. The second point is that it will give you maximum income with minimum effort. passive income it's about creating the pens. The way to increase your income items is not to work like crazy, but to work smartly and see the opportunities around you. In the words of Joseph Murphy; Trying to become wealthy by sweat and hard work is one way to become the richest man in the cemetery… There are two different types of incomes, active and passive income. Active incomes are income that you usually earn by working and using your time. Passive income, on the other hand, is the income you earn without constantly spending your effort. Common feature of passive income systemic they are. So you put in a strong effort at first, and then you get a never-ending return as long as you don't break the system… Almost anything in life can be turned into money, except for very few things. You can use your talent, knowledge, effort, mind and almost everything to generate income. For example, advertising on the roof of your building facing a busy street is a passive income item. However, in order to achieve this, you must first have a building and, more importantly, have this awareness.
Have Fun, Money Comes Later:
You can't earn a steady income from things you don't enjoy. If the way you make money isn't entertaining you, it probably won't make you rich either. Focus on having fun, try to do things you enjoy. So you win twice. Most importantly, do what you love… You need to turn the money making process into a game and entertainment, not a torture. Most wealthy people either make making money fun or make a lot of money doing what they enjoy doing.
Continuously Improve Yourself:
Remember, the most profitable investment is the one you make in yourself. Continuously improve yourself and invest money in your education. Zig Ziglar; If you want to make more money, learn more… Making money is the most profitable of the arts. You have to turn your work into an art and master the art of making money… There are countless opportunities around you. You have to train your mind to see them. In the words of Robert Kiyosaki, your mind is your greatest wealth; so be careful what you put in it… Finally, you should take care of your health. Those who walk the path to wealth are people who care about their mental and physical health. Listen to what Lokman Hekim says: “The richest man is the one with his mind.”
e-motivation team
References:
- Robert Kiyosaki – Rich Dad, Poor Dad
- George S. Clason – The Richest Man in Babylon
- Joseph Murphy – The Power of the Subconscious
- Napoleon Hill – Think and Get Rich
- David J. Schwartz – The Magic of Thinking Big
- Deepak Chopra – Just Ask
- Randy Gage – Accept Wealth
Related Categories
- Personal Finance Management
- Personal Development Articles
- Personal Motivation Techniques
- Proverbs About Wealth and Money
- Movies About Business and Entrepreneurship
One thought on “Zenginliğe Giden Yolda 10 Altın Adım”
The way to reach wealth is to avoid all kinds of waste. Wasting is forbidden in our religion.