7. Gain Multiple Incomes
Here’s a tip: don’t rely on one source of income. One study found that having three sources of income could guarantee you millionaire status. For example, this might include doing something in real estate, on top of investing in the stock markets and having some kind of business on the side.
Also, watch less TV (sad, we know). Warren Buffett, one of the richest men in the world, apparently spends 80% of his day reading! Thomas Corley, who wrote Rich Habits: The Daily Success Habits of Wealthy Individuals said that 67% of those people are who sitting on a lot of cash watch television less than an hour per day.
Instead, they spend their time reading (but not for fun – the read for self-improvement purposes). In short, cultivate reach people habits.
6. Entrepreneur
In general, working for a salary typically does not make one rich. Your salary is capped. When you become an entrepreneur, there is no cap. If you look at all the billionaires of the world, from Bill Gates to Warren Buffett, all of them are entrepreneurs. Of course, don’t become an entrepreneur because you wanted to become rich. You have to love what you do.
“ad-even”>
So, you want to build a business? You don’t even have to have any start up capital – there are articles out there that will show you how to start a business without it.
You can start one with only a few hours a week! If you think about it, that’s the equivalent of two television programs! We won’t go into all of the details about how to start your own business but know that it’s okay to start small. In the words of Dumbo himself, surely a wise source on all business matters, “Don’t just fly, soar.”
Discussion about this post