How to be wealthy working a 9 – 5 job
If you want to have some form of wealth in this lifetime the most important thing you have to learn to do is to properly spend the money you do have. I’m sure many of you have read about rich and famous athletes and celebrities that have gone broke. The reason these people went broke was because they didn’t spend their money wisely. In North America we live in a capitalistic society and what you need to understand is that people will try to sell things to you at every angle. If you want to be wealthy in the early stages you have decipher your needs from your wants.
Once you decipher your needs from your wants you need to create goals for yourself. If you want to purchase a house for example instead of concentrating on getting perfect credit concentrate instead on how much money you can save per month to purchase your desired home. I’ve heard a lot of people say saving money is a stupid idea because of inflation but what most of these so called experts fail to tell you is that most rich people became rich by saving. As many of you have seen housing prices came down. Most investors and savers saw this coming and saved enough money to purchased beautiful houses at rock bottom prices which many of them are now renting out.
Yes some of the money you save will get eaten up by inflation but in most instances it’s not that much money maybe around 2% if that and although inflation may have gotten that money the thing you have to remember is most people don’t save. Most people are living pay check to pay check which means in most instances you can buy houses, cars, boats, electronics, jewelry, gold, silver, furniture etc. at rock bottom prices.
Example about 5 years ago I went to a car lot and purchase 2 year old car marked at the time for $20,000 for $7500. How did I do this you ask? I brought the car with CASH!!! Whenever I purchase furniture I buy it with cash. Most people go to furniture stores with credit cards I’m not going to spoil it for you just try going to a furniture store or a car lot with Cash. Also when you go there make sure you have no intent to buy anything just flash the cash and see what happens start questioning the dealer or owner on prices and see how the owner treats you how he or she looks at you how he or she speaks to you. In most cases from what I’ve observed it’s entirely different than had I come there asking for credit. Don’t forget most small business store owners are also living pay check to pay check
What is your point regarding wealth?
If you want to be wealthy working a 9 – 5 job you need to rid yourself of the keeping up with the Jones’s mentality. No! You don’t need everything now some things can wait when you save and or have money new opportunities start to come your way anyway not only that you will feel more confident because having wealth will allow you to analyze situations more effectively. Most people that live off credit don’t value money so they spend the credit they’ve been granted recklessly when you save money you’re more careful and you’ll typical only buy things that you need and things that you can afford. Also having money in your possession makes you want to have more money which will give you more strength to go to work every day to do that overtime which will actually make you feel better about yourself as a whole.
Having or wanting money is not greed in capitalistic society it’s called being smart you work hard for your money so put some away.
If you want to be wealthy you need to do the following:
1.) Save as much money per month as possible
2.) Focus on only purchasing the things that you need first
3.) Don’t purchase things on credit (I don’t even recommend purchasing a house on credit more people than you think own their homes free and clear without a mortgage don’t let these banks and mortgage brokers fool you)
4.) Don’t gamble your savings (Don’t spend your entire life savings gambling or on investment or business opportunities always save some money for a rainy day and if that rainy day comes put the money you spent back as soon as possible that is your wealth and your confidence)