Today, I want to share with you the secret of wealth. I’ve read it in my favourite book ” Sun Flower” . So I hope it help you to keep your money and become a millionaire .
“What most people don’t realize is that wealth isn’t the same as income. If you make $1 million a year and spend $1 million, you are not getting wealthier, you’re just living high. Wealth is what you accumulate, not what you spend.
How do you become wealthy? There, too, most people have it wrong. It’s rarely luck or inheritance or even intelligence that builds fortunes. Wealth is more often the inexorable result of a persons hard work, perseverance and, most of all, self-discipline.
So millionaires are dull? By Hollywood standards, maybe. But these dull folks have something exciting to teach us about money.
Attitude is the greatest difference between millionaires and the rest of us. The rich follow certain rules. Here are some of the most important ones :
1. Live below your means
The most successful accumulators of wealth spend far less than they can afford on house, cars, vacations and entertainment. Why? Because these things offer little or no return. The wealthy would rather put their money into investments or their business. It’s an attitude.
Millionaires understand that when you buy a luxury house, you buy a luxury life-style too. Your property taxes skyrocket, along with the cost of utilities and