Monday, January 28, 2008

3 steps to be Rich

Simple steps to be RICH...
Building wealth boils down to these 3 steps, sounds simple but needs disciplines which lots of people find it hard to keep to it. If you able to do it continually for > 21 days, you have just succeed in turning this into a habit.... (Read more in psycho-cybernetics). Therefore to accumulate wealth over time, do these 3 things:


1) You need to make it. This means that before you can begin to save or invest, you need to have a long-term source of income that's sufficient enough to have some left over after you've covered your necessities.

2) You need to save it. Once you have an income that's enough to cover your basics, you need to develop a proactive savings plan.

3) You need to invest it. Once you've set aside a monthly savings goal, you need to invest it prudently.



Habits to improve life