Posts

Why the Rich have Multiple Income Sources

Image
By Miguel Dos Anjos Most People have One Source of Income                 Most people have one source of income, and that is their 9 – 5 job. And so; most people are broke, and poor. While not most top, rich people, but ALL people on the top have at least 7 income sources. A job is great, important, and there is nothing wrong with it. It will provide food, and shelter, but in order to catapult forward financially a job has to be used as a gate way, or a bridge into becoming and, being rich.  Scalability    A barber for example may rent a chair in a hair salon; pay $40 a day for that chair, cut 5 to 8 hairs in the day, and get paid around $150 a day, which after paying the $40 chair rental, $110 is profit. This is ok for the barber, he, or she has no worries, regarding the building, or dealing with lots of money, but that is it. He worked all day, the only way for him to make more money is getting richer customers, and maybe double charge them, and then he may make $2

Why the Rich Invest Their Money?

Image
By Miguel Dos Anjos They Grow Their Money                 The only way to meaningfully grow money is by investing. And that is exactly what the rich, and the super-rich do. They don’t just invest, but invest wisely on what they know, and understand. By investing on things they are knowledgeable about allows them bigger chances for higher returns, and removes the gambling feeling out of the equation. Nobody can fully predict the future, but by staying informed if an event happens that changes their investment growth, they still know how to behave. Let’s say in the case of stocks, if a lawsuit, or momentarily scandal happens, that stock may drop heavily, and most people will sale lots, or all, and fast. As this happens the rich, and prepared know, or intelligently decide if it is time to sell, or time to buy more, because they can see that the event will pass, and the stock price will reach once again its original value. Get Higher Returns                 Timing the market

Why the Rich Look at Money Positively?

Image
By Miguel Dos Anjos                 If you are anything like me growing up you were thought that rich people were bad, selfish, and greedy. Having money meant being materialistic, and superficial. While those things can be true, they do not need to necessarily be true every time for everybody. Most often being rich means working hard, planning, and providing a service, or creating an item that will help, or and assist people’s needs, so they become willing to pay you for it. Depending on how useful the item, or service you provide, more you can charge, and people will happily pay, because you have helped solve their problem. Money Attracting Mindset                 Money has the potential to bring peace of mind, stability, and a sense of assurance. Understand your money mindset. If you come to the realization that you have negative believes towards financial success banish them all, and any other fears of success. Instead, focus on abundance, and become a money mindset spo

The 15 Strategies of Debt Free People

Image
By Miguel Dos Anjos                 You cannot save, or invest heavily while stuck in debt. The reason for this is that sitting on large amounts of cash make no sense if credit cards, and loans end up snow balling with interests making your debt bigger, and bigger. Even investing, in an investment account, or a retirement account most often is not worth, because the return collected is still smaller than the interest collected from you by bank loans, or credit cards. Here we’ll go over 15 characteristics that debt free people follow: 1. They become aware: They calculate, and know where their debt is coming from, how much it is, and set up a game plan to tackle it. 2. They come out of the “Debt Culture”:  Now a days people believe that debt is unavoidable to have a normal life, since education, car payments, and the cost of living are so high. But, in reality there are multiple options out there: - People who are smart in High School, or play sports take advantage of

How to Get Millions with a Budget

Image
By Miguel Dos Anjos                 A budget is a spending plan. Budgeting will help you track your income, and expenses. By giving a specific location to each dollar bill you take control of your financial life, instead of just spending the money in your bank account until it’s all gone, and waiting for the next paycheck to get deposited to start spending again. Peace of Mind Budgeting gives you peace of mind by making crystal clear how much you have, how much is coming in, how much is going out, and where the money is going to. Taking charge fully of your finances allow you to sprint into achieving your financial goals.  The Benefits                 The benefits are huge; -           Helps stop overspending. -           Helps paying debt. -           Helps save money. -           Helps reach goals. -           Takes your worries away. Budget is Not a Get Rich Quick Scheme  Budget alone will not make you rich overnight, but will help immensely o

Click to get my NEW book:

Click to get my book:

Popular posts from this blog

How I Invested $2k During the Pandemic!!

Why the Rich have Multiple Income Sources

Eliminate Debt in 4 Steps

Make/Save/Invest - Intro

Online Course or Guide

Subscribe here to get new posts:

Visit me on YouTube:

Follow:

Total Pageviews