“Money in the house”: Seven principles of wealth that allow you to always be “with the money”

When it comes to money, many people immediately become embarrassed, shy and quickly turn off the conversation.

And yet, if you want to achieve sustainable financial wealth, then you should start (at least) to think and talk about money.

After all, if you constantly ignore them, then they will answer you with complete reciprocity – which happens all the time in many families. In this article, we will analyze how each of us can quickly “make friends" with money, get rid of financial problems and gain prosperity.

Seven principles of wealth that will allow you to always "be with the money":

1) Saving Money Won't Make You Rich

But reasonable cost optimization will give you the opportunity to become rich – due to the subsequent competent increase in the savings you have made.

Even the smallest savings can eventually "turn" into a large capital.

2) Action is more important than perfection

Sometimes we do not dare to take the first step – believing that we are not yet ready enough, that we still do not know much, that we have not read all the textbooks available to us.

The thing to realize here is that there will always be something else to learn.

But any of your actions (even of the most mediocre quality) will bring a visible practical result, in contrast to the endless process of studying theory and striving for (unattainable) perfection.

IMPORTANT: Don't be afraid to fail. And if you suddenly make a mistake or stumble, then continue to move forward. Step by step, purposefully and relentlessly.

3) The illusion of "passive income"

This is especially “sinful” for those who “re-read” the books of Robert Kiyosaki.

Yes, I do not argue, real estate can generate income, incl. passive.

• But is there any point in acquiring rental property if now it brings income below the bank deposit rate?
• At the same time, it inevitably brings market risks and “headaches” from communicating with tenants.

WHAT TO DO: It is much easier to invest your money wisely by forming a balanced portfolio (spreading it across different currencies and assets). In this way and only in this way, you will begin to receive rental income with minimal risks.

4) Guaranteed Way to Lose Money in the Stock Market

I want to immediately warn you against speculation and high-frequency trading.

I understand perfectly well that sometimes it's incredibly difficult to resist trying to find the next “BUTT = Get Rich Quick” button.

Especially when an endless stream of advertising falls on our heads every day, luring you into financial pyramids, algorithmic trading and other quickly become millionaire "lures".

5) Tax "on sin"

Wealth is useless if you don't have the health to enjoy it at all.

• Neglecting our body will cost us dearly in the future, providing us with years of lying in a hospital bed.
• No matter how expensive a pool or gym membership is, smoking and drinking will cost us hundreds of times more.

Fortunately, leading a life full of money and health is easy enough.

All you need to do is systematically follow a few basic principles of a healthy lifestyle (healthy lifestyle) and financial literacy.

Which will fill your every day with positive energy, tone, happiness and wealth.

6) You don't have to be a genius to make a lot of money

Everything good in life takes time.

Health and wealth are no different in this regard.

WHAT TO DO: Become a master of your craft. Take on the toughest projects. Learn cutting edge technology. Don't shy away from digitalization. Participate in specialized conferences and professional "parties".

Such a plan can quickly turn a real pro out of the greenest newcomer.

7) Give yourself time. Give yourself just 1 year

Be patient and don't give up.

We all know that "only cats will be born quickly."

Therefore, set yourself a completely feasible task – to adhere to the above principles for at least 1 year.

And then a year later you will find that your debts are rapidly reduced, and at the end of the month you have free money. Your investments will begin to “gain momentum”, and very interesting employers will begin to be interested in your candidacy.