The Ultimate Revelation of what makes you Rich and Wealthy
Have you ever tried to understand the difference between becoming RICH and becoming WEALTHY?
Would you want to know how to become RICH and WEALTHY?
Do you know the key factor that helps you make more money?
Most of us dream of creating wealth and leading a luxurious life. But how many know the meaning of RICH and Wealthy?
Well, many people think richness means having a lot of money.
The difference between the Rich and Wealthy
It is not how much money we make but, it’s how much money we keep.
You might have already seen many film stars, sportspersons, businessmen, and the people who had won the lottery called rich when they had money but sooner they lost everything and became bankrupt. It’s not because they were not well educated but because they were not financially educated.
If you want to lead a luxurious life then financial literacy is of utmost importance.
In my view, wealth means freedom of debts, a financially independent and stress-free life. The money we make shouldn’t be sufficient only to fulfill our basic needs but it should help us fulfill our dreams and to lead life the way we want to live it.
This means a person who is having a lot of money can be called RICH but if he or she couldn’t grow that money to create wealth then they can never be WEALTHY.
How to become Rich and Wealthy
Learn Life Skills for Self-Growth
Skill is an essential point to become rich.
What does skill mean?
An ability to do something well. So here Life skills can play in increasing your income.
Let’s see the meaning of Life Skills
Life skills mean any skill that is needed to manage your activities and accomplish the challenges every day effectively.
Life skills such as communication skills, creativity, problem-solving leadership skills are some types of skills.
So investing in self-improvement of any life skill can be a pillar of earning.
If you improve your skill it helps to understand the world. By learning the requirements or demands, improving skillset leads to more productivity. You can monetize your skills if it is displayed uniquely.
How to improve skills?
Let me help you to find
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This course will help you identify your core values and monetize the skills you are good at.
The Key to great wealth is to minimize the income and maximize the assets.
Investing is a slow, steady, and consistent way to build wealth.
Never depend on a single source of income as it can be used to fulfil basic needs.
So to create generational wealth think wisely and invest smartly.
What are the best and smart investments?
There are many kinds of investments such as mutual funds, fixed deposits, and Real Estate so on.
Mutual Funds: in mutual funds, you can earn money in these ways
Equity funds, which buys stocks of collection of companies, large and small scale industries.to invest here you need to build a good portfolio and study the stock investment in detail.
Fixed income is known as Bond funds, where investment is done in government and corporate debts. A fixed earning is accounted for here.it considered being a safer investment.
Balanced funds: are a safer and low-risk investment with fixed earnings, its combination investment of equity funds and bond funds.
Real Estate is one of the fastest-growing and money-generating sources. The best and safer way of investment with good returns. Commercial real estate, residential rental properties, reselling of old properties.
Other safe and common investments…
PPF– Post Provident Fund: This is available in Posts, which has good returns and secured funds.
NSC-National Saving Certificate-which works very well for short term investments.
Gold bonds: These are available in nationalized banks which are safe and secured returns without any tax at the time of maturity.
Self investment: Yes, it’s one of the good ways, rather researching or investing in new thing to learn.so invest in self-improvement will worth. Investing in self-improvement will help you to expertise the skill and the skill can be used to earn more money.
Monetize Passion (Have goal / work on your passion)
Set a goal. Point out what are you best in, learn about the market which has requirements then tailor your passion according to that. Deliver the product in a unique form.
Key factors to become rich and wealthy
Its most important point you must follow the discipline to maintain consistency.
Most rich people practice financial discipline when they are making a budget, according to that they put constant efforts to reach the deadlines.
Nobody can become rich overnight, everything you need a plan, deadline, and hard work. But you must prepare yourself to accept results with patience. Sometimes failure tests your consistency so be tough to put effort. There is nothing wrong with getting rich slowly.
We often get distracted by something, which deviates your focus. So you should cultivate focus in such a way nothing can stop you to achieve. Follow your plan and rules, don’t come under other’s influence leading to diverting your way or decision. Believe yourself, you only know your skills, confidence, efficient work, so keep going.
Do you love your job?
Yes, then you got the clarity of yourself.
If no, then you might be in search of clarity, which can make you love the job.
Clarity shows in your decision and the way of working.
Importance of health to create wealth
In a race to achieving success, wealth, don’t forget about health.
Once you earned wealth and wants to enjoy the luxury lifestyle, what if you don’t have good health. Even though you are earning a lot and financially sound.
If health issues start, it will squeeze your wealth in terms of treatment.
So it is best to keep health fit, a healthy lifestyle of your dreams will follow. Adopt a healthy habit.
Regular exercise and a balanced diet keep you fit.
To get relief from stressful work, do yoga and some stretches, dance.
Family life is also important. Spend the best quality of time and make memories.
Don’t just plan, take action
We see many people just plan for something but they never get completed because they don’t take the right action at right time. Sticking to the plan and ready to take action will help in creating wealth.
The biggest secrete to make more money is to give more money
From childhood, we learn to share what we have, the beautiful feeling of sharing. I strongly believe once you achieved your success, something you should give it away to develop the community. Share with needy ones.
Sharing happiness gives you a lot of benefits. You will be recognized for your caring nature not by your richness. The people respect you and will trust because you care about them.
Sharing of little in your earning will create happiness and pride about self.
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