The secret to becoming wealthy is no longer a secret.
If you prioritize these actions, you will create wealth over the next 5β10 years:
If you prioritize these actions, you will create wealth over the next 5β10 years:
β’ Surround yourself with like-minded people
Your success in life has a lot to do with the people in your social circle.
Wealthy people hang out with those who motivate, encourage, and push them toward greater success.
Their network is the reason they are successful.
Your success in life has a lot to do with the people in your social circle.
Wealthy people hang out with those who motivate, encourage, and push them toward greater success.
Their network is the reason they are successful.
β’ Value ownership
Becoming an owner is the path to wealth and success.
A good salary is beneficial to some extent, but it has an expiration date.
A business, side hustle, and assets will provide for you and your family for a long time.
Becoming an owner is the path to wealth and success.
A good salary is beneficial to some extent, but it has an expiration date.
A business, side hustle, and assets will provide for you and your family for a long time.
β’ Do not live to impress people
People are broke because they chase social status.
They borrow to buy items they cannot afford.
Rich individuals do not seek acceptance from society.
They concentrate on purchasing assets that will ensure a better future.
People are broke because they chase social status.
They borrow to buy items they cannot afford.
Rich individuals do not seek acceptance from society.
They concentrate on purchasing assets that will ensure a better future.
β’ Health
The most valuable resource is one's health. Get regular exercise, get more sleep, and eat well.
Wealthy people prioritize their health.
They are aware that they cannot succeed in anything without good health.
True wealth is good health.
The most valuable resource is one's health. Get regular exercise, get more sleep, and eat well.
Wealthy people prioritize their health.
They are aware that they cannot succeed in anything without good health.
True wealth is good health.
β’ Delayed gratification
We live in a society where everything we want is literally at our fingertips.
People value today's pleasures above tomorrow's life.
Rich individuals recognize that they must make sacrifices now in order to be comfortable in the future.
We live in a society where everything we want is literally at our fingertips.
People value today's pleasures above tomorrow's life.
Rich individuals recognize that they must make sacrifices now in order to be comfortable in the future.
β’ Invest in yourself
Wealthy people understand the value of ongoing education.
They read and acquire new knowledge that will increase the value of their talents to the world.
They recognize that knowledge is a competitive advantage and prioritize their own improvement.
Wealthy people understand the value of ongoing education.
They read and acquire new knowledge that will increase the value of their talents to the world.
They recognize that knowledge is a competitive advantage and prioritize their own improvement.
β’ Make money work for you
Most millionaires are self-made. They did not inherit anything.
Investing in appreciating assets creates wealth.
As a result, their assets generate more revenue for them.
Rich people buy assets such as:
- Real estate
- Stocks
- Businesses
Most millionaires are self-made. They did not inherit anything.
Investing in appreciating assets creates wealth.
As a result, their assets generate more revenue for them.
Rich people buy assets such as:
- Real estate
- Stocks
- Businesses
β’ Read more
It is difficult to strive to become rich if you are not a reader.
85% of self-made millionaires read two or more books per month.
The more you read, the more knowledgeable you become.
Reading helps enhance concentration, memory, and communication skills.
It is difficult to strive to become rich if you are not a reader.
85% of self-made millionaires read two or more books per month.
The more you read, the more knowledgeable you become.
Reading helps enhance concentration, memory, and communication skills.
β’ Keep your cars for a long time
Buying new cars and switching cars frequently is not a good financial decision.
Over time, cars lose value, and car payments can be expensive.
Rich people hold onto their vehicles for a long time, so they invest their money.
Buying new cars and switching cars frequently is not a good financial decision.
Over time, cars lose value, and car payments can be expensive.
Rich people hold onto their vehicles for a long time, so they invest their money.
β’ Educating yourself about financial matters
Financial literacy is a prerequisite to becoming rich.
This is why athletes and lottery winners lose their money within a few years.
Many people can make money, but only a few can keep it due to a lack of financial literacy.
Financial literacy is a prerequisite to becoming rich.
This is why athletes and lottery winners lose their money within a few years.
Many people can make money, but only a few can keep it due to a lack of financial literacy.
β’ Live frugally
Rich people know how hard it is to work hard and earn their money.
They find ways to save money. This allows them to invest more of their money.
Their investments grow in value over time, enabling them to become financially independent.
Rich people know how hard it is to work hard and earn their money.
They find ways to save money. This allows them to invest more of their money.
Their investments grow in value over time, enabling them to become financially independent.
β’ Control your spending
Rich people have a plan with their money. Each dollar has a purpose and should not be spent carelessly.
They are not after the newest and fanciest items.
They spend their money on long-lasting experiences, personal growth, and their passions.
Rich people have a plan with their money. Each dollar has a purpose and should not be spent carelessly.
They are not after the newest and fanciest items.
They spend their money on long-lasting experiences, personal growth, and their passions.
β’ Take advantage of your employer's plan
Rich people take advantage of their employers' benefit programs.
They contribute to their 401(k), stock options, and HSAs.
They participate in their employer's health insurance program and get life insurance.
Rich people take advantage of their employers' benefit programs.
They contribute to their 401(k), stock options, and HSAs.
They participate in their employer's health insurance program and get life insurance.
If you enjoyed this thread, please like, comment, and retweet the first tweet.
I write about
- Personal Finance
- Investing
- Wealth
Follow me @AccentInvesting to get more tips.
Subscribe and get a free guide on 5 ETFs to hold for life: bit.ly
I write about
- Personal Finance
- Investing
- Wealth
Follow me @AccentInvesting to get more tips.
Subscribe and get a free guide on 5 ETFs to hold for life: bit.ly
I invest $300 per week in the S&P 500.
π 10 Yrs - $219,535
π 20 Yrs - $706,824
π 30 Yrs - $1,788,431
Don't miss out! Simplify your financial journey with our guide to index funds.
Get your copy today.
accentinvesting.gumroad.com
π 10 Yrs - $219,535
π 20 Yrs - $706,824
π 30 Yrs - $1,788,431
Don't miss out! Simplify your financial journey with our guide to index funds.
Get your copy today.
accentinvesting.gumroad.com
Loading suggestions...