If you want to be wealthy and successful you must plan and prepare
for them.
Your due diligence, especially in the areas of career, finance and
investment, will make you ready for all situations: expected and unexpected.
Don’t leave anything to chance: budget your daily, weekly, monthly
and annually expenses. Make them not more than 70% of your earnings. Save some
of the rest and never touch it. Save more for unplanned expenses, especially in
accounts which pay you the highest interests. Find out how much tax free cash
you can save each year. Determine which instruments [stocks, bonds, property] to
invest in and how much for each. Estimate how much risk investment you can
afford. In this regard, you must learn to differentiate investing from gambling
and grasp risk assessment.
Everybody have their own agenda. So learn to know people’s wants and
needs. This will help you not to rile them but rather strike mutually
beneficial deals with them.
Don’t fail to check every word of a contract or agreement, even if they
are in small print. Don’t be regular customer of banks, insurance companies and
stores. Carefully check what interest rates you are being charged and what fees
you are paying (especially when borrowing) and don’t hesitate to negotiate and
shop around for a better deal. Don’t let fear nor politeness make you accept the
first figure laid before you nor a deal you aren’t comfortable with.
Apply Law 21 to any financial advice or investment help you get and
pay for it. Don’t entrust your money to just anyone. Find the best managers and
do everything to keep them.
Listen to your best bets: the very rich, those very successful in
endeavours you wish to undertake, and people who have the skills and knowledge
that you need.
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