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Useful Millionaire Principles: 10 Effective Tips

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Useful Millionaire Principles

1. The definition of the role of money

Money is the most important part of our life as culture, development, communication. Do not ignore this area, considering that only petty people think about money. After all, a financially independent person has all the opportunities for development and cultural enrichment, while financial instability often makes people focus only on material problems. However, it is also not necessary to go to extremes, because money is not an end in itself, but a means to achieve the main goal. 

2. A clear financial plan

To become a rich person – isn’t a goal, but an abstract dream. It is easier to achieve clearly defined goals, for example, to receive/accumulate a specific amount for a certain period of time or close a certain number of sales.

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3. Identification of financial opportunities

If you don’t think about the financial issue, then money can come in unnoticed as well as go, but not multiply. To get rich, first of all, you need to soberly assess your level of well-being at the moment, having analyzed all income and expenses.

4. Debt control

Successful people prefer not to rely upon others, so they avoid borrowing. If the circumstances are not critical, try to manage your own finances and you. After all, debts tend to multiply exponentially.

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5. Responsibility for one’s material well-being

You can refer to failures and difficult circumstances as much as you like, staying in one place. And you can admit that everything is only in your hands, and begin to act. As you know, any today’s millionaire once chose the second option.

6. Adequate assessment of your salary

A financially successful person also becomes so thanks to the ability to adequately balance his efforts with reward. He makes sure that they are adequately paid. Never be afraid to ask for a salary increase if it does not correspond to the expended efforts, as well as to abandon deliberately disadvantageous projects.

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7. Conscious purchases

Rich people are not prone to making impulsive purchases; they always carefully consider the need for spending. If shopping for you is a way to distract, unwind, you can always find other options to cheer you up. For example, communication with relatives and friends, sports, hobbies.

8. The ability to value what you have

Rich people do not compare their lives with the lives of others. Why watch who has greener grass when you can enjoy your life, making it better. There will always be someone richer than you, but there will be someone who is poorer. This does not mean that the rich are better and the poor are worse. The significance of a person is determined not only by earnings.

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9. The correct attitude to the mistakes of others

A successful person will notice a competitor’s blunder, learn a lesson from him, but consider it less than his dignity to savor someone else’s failure, and even more so, openly scoff at him. He simply does not have time for this. And the one who constantly seeks out the mistakes of others to gloat does not have time to develop himself.

10. Fighting financial fears

Everyone has financial fears. Someone is not sure in the future whether he can save for a decent old age. Someone is spending more than they can afford, trying to hold on to a soul mate. It is important to understand what internal problems fear speaks of, how it affects life and how to eliminate it. A conversation with a loved one or therapist, awareness of personal achievements, meditation, and training will help.

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Source

Kiyosaki Rich – 8 Money Rules

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