You can Create Wealth by starting from scratch.

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Many people think that people who have money are only those who were born in a golden cradle, but it is not so today many people have become with a great abundance of wealth starting from scratch as an innkeeper, salesperson, another trade, starting a project or a business, or even managing the stock market, each one looked for a way to get ahead and amass his fortune.

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But what is the magic wand to do it, one of it is to dream, act and persevere if you do not have these in your suitcases you will never be a person with abundance. These tips will help you along the way:

You think positively about money.

We know that thoughts make us feel emotions and this push us to act to create results, so the way we see money is the way we will act. Example if you think that ´to obtain money is very difficult, the first thing that will come to your mind is a great process for what you have to go through to obtain them between them will be to work overtime, take work for the house, that the more hours of work it is where you will have more money, feeling before starting tired, anxious, fatigued. You must act, the first thing you will do is postpone all that, conform to the way you live, because your brain has already blocked it, from seeing a good entrepreneurship start to procrastinate.

You must change your mentality about how to earn money in a positive way not to see the bad things, the way you think is how you will act, your finances depend on your thoughts and then the plan you have to carry it out. Without a plan you can't get anywhere.

Learn about money

If we are going to start any financial preparation from scratch we must have knowledge about finances, concepts such as income, assets, cost, expenses, investment, return on an investment, simple interest, compound interest, fixed assets, current assets, liabilities, current liabilities, liabilities long-term, gross and net worth, to improve your personal finances you must invest in your financial education; you need to learn how money works, and strategies that allow you to build your wealth.

Because if you do not have a financial education, you can have money in your hands, but abundance does not depend so much on how much money you have, but on your mentality to use this resource wisely.

Control of your expenses

By knowing what your expenses are by means of a spreadsheet, note book, or any method you use to know how you spend your money, you can properly manage your money, since you can control yourself and you will know where your money is going, And you won't be wondering what you spent it on without realizing it.

How to get out of debt

Before starting any projects you have to attract money, you must get out of debt, for them I recommend that you prioritize in order of interest, cancel the highest rate first, until you reach the lowest interest rate.

Get a regular font and other secondary ones

If you do not have a job, look for them and start saving to invest, having a regular source of income you must develop strategies to find another way to obtain money in a secondary way, since by not having multiple flows of money you will not be able to continue growing. You must have different alternatives to get money, selling product, monetizing content, investing in the stock market, because tomorrow that you lose the main sources your secondary ones will take you forward.

Apart from having multiple ways of generating income, they will make it easier for you to save by investing in other businesses and your wealth will grow faster.

Do not spend more than you earn

If you have different ways of obtaining money, you should not spend everything you earn, because many times it happens that the more you earn the more you spend, so if you are doing these you should limit your expenses, not because you get multiple sources of income all your money is it goes as it arrives. You must pay yourself in order to save your money. Have a division of your expenses: Essential, non-essential, savings.

Do not compare your finances with anyone

You must focus on your personal goals that you want to achieve and make the financial decisions that will lead you to achieve these goals, not comparing your finances with others, do not think that because you have a great house, a good phone is a sense of wealth.

Many people, before focusing on what their personal goals are, start by buying that what they want is the wealth of others, but only because the exterior and material, when the important thing of all is to start our wealth in our way and not like that of others.

Posted Using LeoFinance Beta



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2 comments
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Wow this is actually great and is very important for people to know the points you mentioned in this article because is the opposite that makes most people fail on this our present century.

Most or many have loose hope on their self and have given hope that the are great failure and cannot achieve anything important in life.

People have to believe in there selves and think positive towards great outcome and possibility that will happen in future.

Thank you for this few point you listed out which is very important for any successful person to have in mind and feel motivated to achieve more.


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