Secrets of the Rich and Wealthy

Here are the real secrets of getting rich from the people that have actually done it. These are secrets that you do not learn at school and normal people do not teach you because they do not know these. They will help you live a life of prosperity and allow you to help you achieve your dreams. Whether it is to get out of debt, help a true cause or have fun - these are the secrets to getting rich and wealthy.

Secret Number 1 - Live Within Your Means

The rich do not spend all their income on consumer debt or purchase items that will not add value to their lives. They manage their finances with budgets and only use debt to invest in assets that increase in value such as shares, properties and businesses. "The more you earn, the more you spend" so always keep an eye on your cash flow.

Secret Number 2 - Mindset

In order to be a wealthy millionaire or even billionaire, you need to think like one. If you want to become richer and wealthier, you need to set achievable goals for them every day. Remember that goals must be SMART - Specific, Measurable, Attainable, Realistic and have a Timeframe.

Secret Number 3- Leverage

Leverage is one of the most powerful tools and secrets to getting rich in the universe. It is about doing a small amount of initial work for processes that can be repeated many times in order to achieve a big outcome. For example: putting down a deposit of $10,000 to borrow $100,000 is leverage at work. Starting your own business then hiring some Staff is leverage.

Secret Number 4 - Other People's Money (OPM)

This is a secret that the Banks use. They put you into debt, while they make the profits via interest and fees. You can turn this around by borrowing other people's money to do your investing. For example: loans, borrowing from friends, putting things on credit. You do not need your own money to invest; you can use other people but be sure to share some profit with them.

Secret Number Five - Time

Getting rich and wealthy is done over time - not overnight. There is no "get rich quick" secret that is safe and realistic. Investing in quality assets such as property over time will increase their value and also your income cash flow.

Follow these 5 secrets so that you can achieve the dreams and things you desire. Opportunities for being rich and wealthy are out there but you just need to work out how to get it.

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