We chose some of the tips that are offered in the text, so that you can put them into action today, and thus clean up your personal finances. If you want prosperity, develop millionaire habits:
1. To generate long-term savings, you must learn to live below your means. That is, you spend less than you earn.
2. It is more important to have financial independence and control over your money, than to demonstrate high status.
3. Teach your children to be an entrepreneur and be financially independent. It is the best gift you can offer them.
4. Do not hesitate. It is much more feasible for an entrepreneur to build a better asset than a lifetime employee.
5. Every day, allocate part of your time to detect business opportunities so that you can channel your forces to generate money.
6. Request that your business be evaluated regularly. This will allow you to have, from an external point of view, the appreciation of the growth of your company.
7. Separate your personal capital from the money that corresponds to the business. This will give health to your finances and more objectivity when managing the company.
8. Invest in your business sector. On a personal level, he also invests in other sectors. Diversification will bring you profits that could help you if your business area goes through difficult times.
9. When undertaking, consider in your operating expenses a fixed monthly salary for you. This will allow you to stay at the start and will lessen the financial pressure.
10. He considers that a high consumption standard of living is hardly sustainable for the vast majority of the population. It usually generates high debts and little savings.
11. If you buy a lot of things to appear rich, chances are you will never truly achieve that status.
12. A moderate, frugal lifestyle is more stable, thus generating a sense of security and protection for the people who embrace it.
13. People love the stories of near-adolescent millionaires, who seem to have made their fortunes instantly. However, they are rare among humanity, the exception to the rule. Most people achieve prosperity and financial stability after age 40… after years of effort, trial and error.
14. Don't let your income level determine your budget. The idea of "I earn more, then I can spend more" often leads to point 10 of this article. You should make your expense management list and stick to it. The “surpluses, in the event that your profits grow, must be saved or invested, either in financial instruments or in your business.
15. Anticipate. We are all susceptible to getting sick, having an accident and other types of unforeseen events. Have insurance or instruments to support you. Catastrophic spending is the main predator of economic well-being.
In the business line, the forecast also extends to other areas. It establishes untouchable funds for contingencies and for programmed expenses (bonuses, profit sharing, etc.).
16. Set goals of accumulated capital, investment. This will help you direct your actions toward those goals.
17. If you are one of those who have hyperconsumption hangovers, consider that the same thing happens with your emotions as when you go to the supermarket hungry: you buy too much. There are people who do more impulse purchases when they are depressed and there are those who do it when they are happy. Learn to identify your behavior patterns.
18. Discard the idea: "I have little money, so why do I apply all these points?" Remember that it is more difficult to manage abundance.
19. To strengthen your personal finances, follow the advice of the Banorte bank: work, save, invest. We add one more element: undertake. And we put it at the beginning of the sentence.
Fountain:
http://www.soyentrepreneur.com/
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