Jun 9, 2019

5 TIPS TO INCREASE YOUR NET WORTH

Are you counting your net worth or are you counting your monthly salary? which are you? rich people always count their net worth, they're not focus on their salary. If you're focused on your monthly salary then you will feel a lot of lack, you will feel a lot of resistance, you will feel not rich. And let me remind you again... success and money is all about how you feel, if you feel less then you will have less even if you have millions but if you feel rich then you will have more even if you only have thousands. Focusing on your net worth will make you more creative, the pressure will be lessen because you will feel you have a lot of time to reach the net worth that you're trying to achieve.

If you are concerned about your net worth then there is a chance that you will become rich. Even if you're just working on a low paying company, even if your job is just a blue collar job, you can still become rich because you will find a way, especially if your serious about making your net worth bigger than what it was before.

1. Don't buy stupid stuffs. Why will you buy a pink teddy bear just because it's cute? why will you buy a mug that has a very unique design even though you almost can't use your mugs at your home? You're buying a lot of stupid stuffs that decrease your net worth. Remember that it's all about the increment and not on the decrement, if you keep on buying stupid stuffs then you will never become rich, your net worth will look funny because it cannot even buy a small apartment.

2. Focus on your desired net worth. You can never hit a target if you don't have one. You must set your desire net worth and take it seriously. It can be one million, two million, whatever number you're comfortable with... you can dream any number. But once you set a number make sure that you will chase it, do whatever it takes to get that number. Always think about that desire number everyday and execute any idea you have to get it.

3. Stop adding liabilities to your life. Stop getting a credit card because it will become an addiction. It will tempt you to buy things because it feels easier. Credit card will give you the privilege to purchase something even if you don't have money in your wallet. Having a credit card will make you addicted to shopping and that kind of mentality will totally destroy your net worth. Stop having a car loan, house loan or anything that requires monthly payment, this will demotivate you to save more money, this will put you on a quick sand that is very hard to escape.

4. Never waste your time anymore. Time is money, if you want to have more money then you need to start putting your time into activities that creates money. You can earn money every second, all you need to do is start building your empire now. Start creating a process that creates money. Be creative, don't be afraid to try. Don't waste your time for useless things because you will just regret it in the end.

5. Learn to build passive incomes. If you can't leave your job then you need to learn how to build passive incomes. It's easy to earn on the internet nowadays. You can create a you tube channel, you can create a website, you can have a buy and sell business on the internet. All you need to do is be patient and it will come.

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