If you want to get rich, those three things always need to be on your mind. Earn, save, invest. In that order too. It’s really not that complicated. You don’t even need to earn a lot of money to become wealthy if you have healthy financial habits.
The habit of earning more
Increasing your earnings potential is a way to build wealth faster
- It’s natural to earn more over your lifetime
- A person can only earn more by learning more – the more we learn, the more value we can provide to other people and organizations
- Don’t get fixated on a certain amount of money – instead, view earning more as a habit
The habit of saving more
The biggest mistake is to save the same amount of money if you earn more.
- Penny pinching often leads to a fear of spending money. Life’s too short to save every penny you have.
- Don’t let family members push you to spend all your money.
The habit of investing more
Most of us will only lose money by chasing quick money
- Building wealth comes down to our habits
- If we have healthy financial habits, keep developing ourselves, and invest our money wisely without taking big risks, we will win
- People want to skip the first two steps
