A lot of people desire to get rich. They desire to be able to command a vast fortune and make money while they sleep, yet still enjoy a life replete with leisure and pleasure.


Well, Robert Adam an entrepreneur shares how you can achieve this, following these practical steps.

1. Live below your means.
2. Save 20 percent of your income.
3. Meticulously track expenses.
4. Eliminate bad dept.
5. Own the roof over your head.
6. Decimate your bad habits.
7. Set daily goals.
8. Manage your time effectively.
9. Add massive amounts of value.
10. Build multiple streams of passive income.
11. Invest in what you know.
12. Mind your own business.

What are we talking about?

1. LIVE BELOW YOUR MEANS: don't spend more money than you make, final.

2. SAVE 20 PERCENT OF YOUR INCOME: this provides a rainy-day fund in case of emergences and also moment-of-the-opportunity cash when that unique opportunity comes so you do not miss it.

3. METICULOUSLY TRACK EXPENSES: not just the big expenses but the little ones too because a small leak will sink a big ship. You can do this by downloading an app to monitor your expenses and you will see where your money is going.

4. ELIMINATE BAD DEBT: such as high interest rate loans by doubling the minimum payment until its paid off. When you're free, then put your money into your savings.

5. OWN THE ROOF OVER YOUR HEAD: do what it takes to legally own your home. Set some goals and plan your action.

6. DECIMATE YOUR BAD HABITS: quit every bad habit that eat away at you physically, mentally, emotionally and financially.

7. SET DAILY GOALS: you need to have an exact number like...raising a million, and set a particular date to achieve it. Compound interests and small investments can help too.

8. MANAGE YOUR TIME EFFECTIVELY: we all have the same amount of time in this world. Manage your time by instituting a smart and effective time management system to stay on track towards your goals.

9. ADD MASSIVE AMOUNTS OF VALUE: and do it consistently without fail over time.

10. BUILD MULTIPLE STREAMS OF PASSIVE INCOME: look out for things you can do once and get paid repeatedly. That's generating your income on autopilot. And hey, watch your wealth grow over time.

11. INVEST IN WHAT YOU KNOW: The better you know an industry or niche, the more likely you'll be able to spot ideas that could possibly create massive amounts of income for you in the future. And when you do invest in something that you know, be sure to track it vehemently.

12. MIND YOUR OWN BUSINESS
While you can get rich by working as an employee, it's far more difficult. Instead, you should start your own business and mind that business. Put all your heart and soul into the business and keep working at it even if you fail. And if you do fail at it, even if that happens repeatedly, learn from those failures and grow.
Henry Ford learned a lot through failure but didn't give up. Even though he went bankrupt once and was forced out of his second business, he didn't throw in the towel. He minded his own business. Every successful entrepreneur has failed. But the reason why they succeeded on such a massive scale was because they didn't give up.

So, dear readers, I find this interesting, informative and inspiring. I hope you do too.
check my signature: mychiconnect..com