Every person wants to be a millionaire. But many of our habits prevent us from becoming millionaires. If you believe in saving and investing regularly then you can become a millionaire. So in this post we have discussed everything to become rich. Read and find out what you can do to become rich.
How to Become Rich Now with no Money
Getting rich with no money is one of the most searched topic on the internet today. Everybody is looking for one way or the other to get rich. Due to this the number of spammers have also increased in this area.
Many spammers will try to lure you by showing one way or the other to earn instant cash. But my friend believe me getting rich is quite easy. You just have to follow some basic rules with full consistency.
To become rich there is no magic wand or person who can make you rich, it is you only who can help you in getting rich. To become rich first you have to follow some habits in your daily life which are explained below:
Work on Self for at least an hour a Day
This is the most important step of getting rich. People who do not follow this step cannot get rich. And if they get rich somehow they cannot sustain their wealth properly or for long time.
Work on self means working on finding your strong and weak points. After finding your positive and negative points we can work on them to make oneself more productive and confident.
You can devote your one hour daily on your self estimation. It may help you in knowing your weak and strong points.
Plan Your Day Ahead
Planning your day ahead of time is a must to have habit for getting rich. It may help you in saving your precious time and managing it well in productive things rather than watching entertainment videos or doing any other stuff which is not at all important for your growth.
Always remember everyone has only 24 hours in one day and it is up to you how much you productive you can be in these 24 hours. Nobody can buy the time which has gone not even the richest man on the planet.
Give Extra 2 hours daily for your own Project to stand away from crowds
You cannot become rich in a job unless and until you have your own product in the market. Owning a product can make you rich in some day but doing a 9-5 job cannot make you rich it can only fulfill your basic needs.
Some of my friends will not agree with me on the above statement but believe me friends when you earn less in a job you household management cost is low but when your salary increases double the cost of living increases.
Also remember no company is going to pay you 1 Lakh a month unless and until you are making them earn 50 lakh a month. This is called Business.
So always try to start your own own rather than working for the others no matter what it is but it should be yours.
Try to devote around 2 hours daily to your own work either online or offline and try to expand the business day by day because ultimately that is the only things that can make you rich.
Bad Habits which stops you from getting Rich
1. Getting caught in the greed for the best returns
It is a quote from the famous investment Warren Buffet – no one gives you anything for free. Always keep this line in your mind. The best return on a modest investment is a deception in which millions of people in the country lose their property every year due to greed.
Hearing from one ear and remove from the other, the jule of earning lakhs of rupees by investing a few thousand rupees. Don’t fall into stock market trading tips, multilevel marketing and other such gimmicks.
2. Putting money in only one investment option
Do you know that a 25-year-old youth needs only 24 rupees a day or 700 rupees an month to become a millionaire when he retires. If you invest 700 rupees every month in an equity mutual fund through SIP, then after 35 years you will be able to raise more than one crore rupees.
The thing to keep in mind is not to put all your eggs in one basket. You put some of your investment in gold, some in stocks, some in real estate and some in options like PPF / NSC? NPS. The biggest advantage of this is that in the times of weakness of one sector, your other options will continue to give decent returns on your investment.
3. Not conducting regular reviews
You should review your investment once or twice a year. By reviewing your investment at a regular interval, you understand the good or bad of any one option. One advantage of this is that if one of your investment options is not giving the right returns, then you can change it, it will not hurt you much.
Similarly, if you are not getting the desired returns from one of your equity mutual funds, then you can start investing in new funds.
4. Initiated to initiate investment
The sooner you start investing, the more easily you will become rich. For example, a 25-year-old youth needs to invest only Rs 700 a month to become a millionaire when he retires. If you delayed only 10 years to invest, then you will have to invest 3000 rupees a month to become a millionaire when you retire.
When the minimum amount of investment in SIP has come to the level of 500 rupees a month, you do not have to wait. Invest in you as much ..
I hope the post has cleared most of your doubts about getting rich day by day. If you still have any doubt then do ask in the comment section below.