{"id":255027,"date":"2022-06-22T17:32:00","date_gmt":"2022-06-22T14:32:00","guid":{"rendered":"https:\/\/finance.inform.click\/?p=255027"},"modified":"2022-07-16T03:04:45","modified_gmt":"2022-07-16T00:04:45","slug":"money-in-the-house-seven-principles-of-wealth-that-allow-you-to-always-be-with-the-money","status":"publish","type":"post","link":"https:\/\/finance.inform.click\/en\/money-in-the-house-seven-principles-of-wealth-that-allow-you-to-always-be-with-the-money\/","title":{"rendered":"&#8220;Money in the house&#8221;: Seven principles of wealth that allow you to always be &#8220;with the money&#8221;"},"content":{"rendered":"<p><strong>When it comes to money, many people immediately become embarrassed<\/strong>, shy and quickly turn off the conversation.<\/p>\n<p>And yet, if you want to achieve sustainable financial wealth, then you should start (at least) to think and talk about money.<\/p>\n<p>After all, if you constantly ignore them, then they will answer you with complete reciprocity &#8211; which happens all the time in many families. In this article, we will analyze how each of us can quickly &#8220;make friends&quot; with money, get rid of financial problems and gain prosperity.<\/p>\n<p>Seven principles of wealth that will allow you to always &quot;be with the money&quot;:<\/p>\n<p><strong>1) Saving Money Won't Make You Rich<\/strong><\/p>\n<p>But reasonable cost optimization will give you the opportunity to become rich &#8211; due to the subsequent competent increase in the savings you have made.<\/p>\n<p>Even the smallest savings can eventually &quot;turn&quot; into a large capital.<\/p>\n<p><strong>2) Action is more important than perfection<\/strong><\/p>\n<p>Sometimes we do not dare to take the first step &#8211; 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.<\/p>\n<p>The thing to realize here is that there will always be something else to learn.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p><strong>3) The illusion of &quot;passive income&quot;<\/strong><\/p>\n<p>This is especially &#8220;sinful&#8221; for those who &#8220;re-read&#8221; the books of Robert Kiyosaki.<\/p>\n<p>Yes, I do not argue, real estate can generate income, incl. passive.<\/p>\n<ul>\n<li>But is there any point in acquiring rental property if now it brings income below the bank deposit rate?<\/li>\n<li>At the same time, it inevitably brings market risks and &#8220;headaches&#8221; from communicating with tenants.<\/li>\n<\/ul>\n<p>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.<\/p>\n<p><strong>4) Guaranteed Way to Lose Money in the Stock Market<\/strong><\/p>\n<p>I want to immediately warn you against speculation and high-frequency trading.<\/p>\n<p>I understand perfectly well that sometimes it's incredibly difficult to resist trying to find the next &#8220;BUTT = Get Rich Quick&#8221; button.<\/p>\n<p>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 &quot;lures&quot;.<\/p>\n<p><strong>5) Tax &quot;on sin&quot;<\/strong><\/p>\n<p>Wealth is useless if you don't have the health to enjoy it at all.<\/p>\n<ul>\n<li>Neglecting our body will cost us dearly in the future, providing us with years of lying in a hospital bed.<\/li>\n<li>No matter how expensive a pool or gym membership is, smoking and drinking will cost us hundreds of times more.<\/li>\n<\/ul>\n<p>Fortunately, leading a life full of money and health is easy enough.<\/p>\n<p>All you need to do is systematically follow a few basic principles of a healthy lifestyle (healthy lifestyle) and financial literacy.<\/p>\n<p>Which will fill your every day with positive energy, tone, happiness and wealth.<\/p>\n<p><strong>6) You don't have to be a genius to make a lot of money<\/strong><\/p>\n<p>Everything good in life takes time.<\/p>\n<p>Health and wealth are no different in this regard.<\/p>\n<p>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 &quot;parties&quot;.<\/p>\n<p>Such a plan can quickly turn a real pro out of the greenest newcomer.<\/p>\n<p><strong>7) Give yourself time. Give yourself just 1 year<\/strong><\/p>\n<p>Be patient and don't give up.<\/p>\n<p>We all know that &quot;only cats will be born quickly.&quot;<\/p>\n<p>Therefore, set yourself a completely feasible task &#8211; to adhere to the above principles for at least 1 year.<\/p>\n<p>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 &#8220;gain momentum&#8221;, and very interesting employers will begin to be interested in your candidacy.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When it comes to money, many people immediately become embarrassed, shy and quickly turn off the conversation. And yet, if you want to find sustainable financial wealth, then you with &#8230;<\/p>\n","protected":false},"author":1,"featured_media":184886,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[],"tags":[],"class_list":["post-255027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/finance.inform.click\/en\/wp-json\/wp\/v2\/posts\/255027","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finance.inform.click\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finance.inform.click\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finance.inform.click\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finance.inform.click\/en\/wp-json\/wp\/v2\/comments?post=255027"}],"version-history":[{"count":0,"href":"https:\/\/finance.inform.click\/en\/wp-json\/wp\/v2\/posts\/255027\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finance.inform.click\/en\/wp-json\/wp\/v2\/media\/184886"}],"wp:attachment":[{"href":"https:\/\/finance.inform.click\/en\/wp-json\/wp\/v2\/media?parent=255027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finance.inform.click\/en\/wp-json\/wp\/v2\/categories?post=255027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finance.inform.click\/en\/wp-json\/wp\/v2\/tags?post=255027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}