Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,156,104 members, 7,828,859 topics. Date: Wednesday, 15 May 2024 at 03:16 PM

How To Become Rich: 6 Lessons From Millionaires. - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / How To Become Rich: 6 Lessons From Millionaires. (302 Views)

Top Online Business That Has Made Most Young People Millionaires In Nigeria / Top 5 Millionaires Who Made Their Money Online And How They Did It / How Can A Person Living In Nigeria Become Rich? (2) (3) (4)

(1) (Reply)

How To Become Rich: 6 Lessons From Millionaires. by oldsol(m): 4:21pm On Mar 20, 2018
HOW TO BECOME RICH: 6 LESSONS FROM MILLIONAIRES.

Most modern people tend to earn as much money as possible, since they see how really rich people live. Many want to live like that, but not everyone has the opportunity. To become rich, you need to clearly understand where to start and where to go further.
The fact is that rich people already have experience how to become rich, because they have gone this way themselves. As life shows, rich people have a great life experience, and they understand many aspects of life, especially in the financial side. Below are 6 lessons that people had to learn before they became rich.

Lesson 1: Life is Not Just Money

Very often we can observe how people spend all their life time on making money, forgetting to enjoy the simple joys of life. Some people think that the main goal in life is to earn as much money as possible to buy more material things on them. But life, in the first place, is what is happening around us here and now. These moments need to be appreciated and enjoyed. The race for money is an endless game.

Lesson 2: Do what you love, money will be

Almost all millionaires say that you need to find a favorite occupation and do it from the heart, even if in the beginning it will not bring enough money. In time, you will become a professional in your field, an irreplaceable expert. At some point in time, people will find out about this and will contact you for your service. For high-quality and professional work, you can ask for a high payment. People are willing to pay for quality, do not hesitate to the high cost of their services.

Lesson 3: We need to take risks for wealth

Risk is the main component of any wealth. Every millionaire will tell you about it. But at the same time they will add that it is necessary to take risks with the mind. Unthinking risk can lead to unfortunate consequences. Very often, there are great financial opportunities at risk, but before a risky action, you need to calculate all possible options in order to have a way out of the worst case scenario.

Lesson 4: Money should work

Ordinary people believe that putting money on a deposit in a bank is a reliable way to save your savings, but as life shows, this is not always the case. Rich people, on the contrary, believe that money should not lie idle, they must work and bring even more money. At the same time, millionaires try to reinvest their earnings into their projects, rather than spend them on the consumption of goods. Only in this way can you create reliable sources of income in your life that can guarantee a comfortable old age and a stable future for children.

Lesson 5: Only own business will bring wealth

Most millionaires do not work for other people, although they used to work for a hired company before, but this stage in life may have helped them become the people they became. Work for hire can be useful up to a certain level of development. To really make a fortune and become rich, you need to have your own business. Any millionaire will confirm that he would not have become such if he worked for his boss.

Lesson 6: Financial education is very important

To develop the thinking of a rich man, you need to learn financial literacy. We need to constantly look for and study specialized literature and websites and monitor economic news. In this case, you need to be interested in other spheres of life, because you never know where this or that knowledge can be useful.

Therefore, we can conclude: self-development and investment in yourself is the best investment of money, as this knowledge and experience will remain with you forever, and therefore you can always repeat your success.

Keep LEARNING that will make easier your EARNING.

(1) (Reply)

How To Advertise Your Services With Your Facebook Profile For Free / South Africa’s Vat Rise Won’t Lead To Higher Interest Rates – Central Bank / Nigerian Banks Rollout Plans To Creates 500,000 Jobs, Deepen Financial Inclusion

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 16
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.