Financial independence is the dream of many people. To become rich, you do not have to write your books, gather people for seminars and crank up scams. Enough and a simple solution in the spirit of "a penny saves the ruble" - for example, to postpone a certain amount.
To speed up the process and set the right goals, we suggest that you familiarize yourself with the 9 commandments of wealth aimed at achieving financial independence and, possibly, happiness.
Live as if you die tomorrow, but invest as if you will live forever
The ease of making money on real estate, stocks, or other risky assets is inversely proportional to the time horizon. Simply put, in the long run it is easy to make money, while simultaneous earnings are too risky and resemble a coin toss.
Money is similar to trees: they also need to be "planted", checked from time to time, but do not look forward to the results.
Therefore, it is worth living as if you die tomorrow. Of course, tomorrow it is unlikely that anyone will face death, so it is worth investing in a reliable investment. Remember: patience pays off, and you should definitely not rush into financial matters.
Listen to yourself and not others
Fraud stories in our world are by no means uncommon. Most of them end sadly, but start corny: from a meeting with a person offering a business that is too good to be true.
If someone tells you that he can earn 3000% in the stock market, then he is either a fool who disseminates such information, or a liar. Offer a simple solution to a complex problem? It's time to send advisers to the far track and start listening to the voice of your own mind.
A rainy day in the economy
Wealth is spent when the economy flourishes, and is earned when difficult times come, unemployment rises, and everyone is slowly going crazy.
You will not want to lose your job, of course, but given the cyclical nature of the economy, the unemployment rate will still rise. If at that time you save your workplace, then the time will come for you, for which you saved money. And do not listen to the cries of the economic crisis: put the money into circulation and let them make themselves rich.
Work as little as possible
When it comes to work, you should only do what is so pleasing to you that you could do it without any reward. Simply put, “work” means what you must do, not what you want to do. You should never "plow" for the sake of something.
If you plan to put your life on the altar of work, then choose not the one that will bring as much money as possible, but the one that will satisfy you and will be pleasant.
Avoid Debt
From loans and debts it is worth running around, like the devil from incense. Paying interest is nothing more than giving someone your money for the right to temporarily use it. Want to increase your savings? Try not to lend to others and not to borrow yourself, especially if you want to buy something that you cannot afford.
To resort to loans and borrow is only in two cases: when you have no other choice or the purchase price is higher than the amount of your debt.
Debts affect you not only financially, but also psychologically: for the time of their return, you actually become a slave to the one you owe.
There are two ways to achieve financial independence: to have an amount that cannot be spent, or to avoid debt.
Saving but not stingy
The secret of the state of many thousands lies not in spending as little as possible, but in spending less without sacrificing the quality of life. For example, it is easier for you and it is better for your wallet to share an account with friends when going to a restaurant or cafe, and not pay it out of your pocket.
The same applies to many other aspects: it is more economical to buy a used car instead of a new one, watch TV online, rather than connect cable, download e-books, rather than purchase paper ones and much more. Do not forget - the penny saves the ruble, but to the detriment of yourself, this is not worth it.
View purchases in terms of time spent, not money
For any purchases, the opportunity cost should be considered. For example, if you spend a couple of thousand rubles for a shopping trip, but at the same time earn the same amount per day, then you spent not just money, but a day of your time.
Before you buy something, it’s worth several times to think about whether you really need this thing or whether you can live without it. Do not forget that the money earned is equivalent to the time you spent on work.
Do not put off until tomorrow what you can save today
There are a lot of ways to get rich - successfully marry, no less successfully become a widow / widower, get an inheritance, win the lottery or spend less than you get, and invest money wisely. Even if you plan to resort to the first option, why not use the second and slowly save up money in a barrel under the mattress?
The last enemy will be destroyed - envy
To seem rich and to be rich are completely different things, and falling into a credit hole to look like a rich man is the most stupid and suicidal step.
Envy of other people's success and expensive things never made anyone happy. Decide for yourself what makes you happy, and build on this - spend or save, but wisely. Surrounding yourself with a huge number of expensive toys is unreasonable. Remember that on your deathbed you will regret the lost time, but not the latest model of a luxury car.