10 Most Important Things Everyone Should Know About Money

things to know about money

Just a few simple but very useful tips that could come in very handy for making more money.

  1. Create multiple streams of income. A salary will almost never make you any money. Be sure to jump on new opportunities to create additional avenues of income.
  2. Come up with 3 new ideas a day, and write them down. It may not seem like much, but it will definitely increase your chances of coming up with a winning idea that could change the world, or at least your world. And remember to write them down, before you get caught up with something else in the next moment and forget what you came up with.
  3. Master the art of copywriting. Copywriting enables you to communicate your ideas to a wider audience. While it may seem trivial, effective copywriting can extend your reach across borders and allow you to present your ideas without the need to be physically present.
  4. Read, read, and read. Read for knowledge, or read for pleasure. The more you read, the more knowledge you attain, which might even lead to new inspirations and ideas.
  5. Don’t try to save money by being stingy on a cup of coffee. The best way to save money is to make more.
  6. Come up with ideas to connect people who can help each other. This is the true essence of networking. Make a pleasant introduction and stay out of the way. Networking is NOT about hanging around and giving out name cards.
  7. Never invest more than 2% of your wealth in any single venture. As the old saying goes, “Don’t put all your eggs in one basket”. Diversify your eggs.
  8. Avoid starting a business in a space that is saturated with a lot of competition. If possible, enter into a business where you can monopolise the market. A high entry barrier will also mean high profits.
  9. Surround yourself with the people you love. This is not being selfish. Filtering and choosing the people that you want to surround your life with is self-love. Filter out the people who bring you down. Positive vibes only!
  10. Above all, practice Gratitude. True abundance comes from a heart of gratitude. Keep striving the best you can, but also be grateful for the things that you already have.

Keep a clear mind, and with that, trust your intuition. In every situation you encounter, and with everyone that you meet, go with what feels right for you.

Always be skeptical. Not everything is as it seems on the surface. The people who really know how to create wealth are also the ones who hide it best.

The ones who don’t know how to create wealth give seminars about it.

Always be skeptical. Even of what you read on this article.

1 Comment

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