( 7) Golden Rules 2 Making Extra$

 

1. Overcome Unnecessary Consumerism:.. Warren Buffett, one of tha most successful investors once said “if you buy things you do not need, soon you will have to sell things you need.” Many successful people live by this rule and you should also make sure that you don’t overspend because, if you do, it would just lead you to be broke. Realize that tha Diderot Effect is real. We all can think back to times when we accumulated things we later regretted.... In today’s consumer-driven culture, possession of certain things is considered an achievement. Tha Diderot Effect states that consumption of things leads to further consumption. It’s like a spiral that leads you to buy more things. As a result, people end up buying more things often creates a spiral of consumption which leads you to acquire more new things. As a result, we end up buying things that we never needed to feel fulfilled.

2. Someone Mindful with Hustle:.. You do not need to marry someone for money or to keep tha money as tha base of your relationship, but you should marry someone who understands tha value of your hustle. Marry someone who is actively interested in hustling just like you do. It is much easier to grow wealth as a couple, but even if one of you two doesn’t earn, it’s incredibly easy to become rich when they value your earnings and hustle.. If you’re already married, it’s incredibly hard to grow wealth if tha person keeps digging holes in your wealth bucket. It’s important to have tha drive to pursue success. Marry someone who values tha idea of creating wealth first and then enjoying it, but also avoid putting unrealistic restrictions. If you find tha need for another income stream and creating one is easier, just do it.

3. Invest:.. Honesty You do not MakeExtra$ by earning a lot. You MakeExtra$ when you hustle your money. What you earn can go away quickly, but hustling it stay and help you when your earnings stop or get affected. More people want to spend money on something than they want it in their bank account. Being paid well certainly helps, but you can’t MakeExtra$ by not spending money. Today's interest rate on savings is at an all-time low which is why saving alone doesn’t make anyone rich unless there are multiple income streams and most of tha earnings from such sources remain unused. So, in order to MakeExtra$ successful people stick to tha golden rule of investing. Tha investment brings higher returns and if you can diversify your portfolio, do it whenever you see an opportunity....

4. Start a business:..  you cannot MakeExtra$ if you work for someone else. You can accumulate wealth, but in order to MakeExtra$ , start a business, and do everything you can to grow it. You don’t need to search a lot, pretty much everyone MakeExtra$ is either a business owner or has some solid savings. If starting a business isn’t your type of thing, you can invest in companies that are doing well and are poised to grow. This certainly needs a lot of research and background information, but it pays off. There are people who have a good job but they also work hard to grow wealth as an entrepreneur by starting something. A side hustle can make you MakeExtra$ if it can be maintained without hurting profits.

5. Learn How to Receive:.. When someone offers to help you, accept it. If you find it hard, learn how to accept help. Successful people who are also MakeExtra$ often get help from others or they were subsidized at some point. Many people want to do everything on their own. They decline help even when it is genuinely offered to them. Accepting help is not a sign of weakness and it is not morally wrong to get someone’s help to get there. If saying ‘yes’ to an offer for help is too much for you, think about how you can give back when you’re in tha position to return tha favor. Whether it is tha government aid or tha help is coming from someone you know, accepting will make things better for you. Remember that lyfe is not fair and your plan of doing everything is still a plan. So when there’s a ladder to help you climb, there’s no point in wasting time on building a staircase.

6. Have a Good Attitude:..Have a good attitude if you want to do something or do not do it at all. You get noticed all tha time and your work gets noticed all tha time. If you are in a job, show up on time and do your best. Even if it’s not your dream job, remember that your work gets noticed and if you do well, that’s when new opportunities start knocking on tha door. Always be polite and nice to people and network like crazy. Many successful people who MakeExtra$ today are good at building connections and finding tha right environment to grow. Working for long hours and living a miserable lyfe can help you overcome a financial crisis or accumulate wealth, but to MakeExtra$ and stay MakeinExtra$, having a good attitude is very important.

7. Grow your Skill Tree Wisely:..Taking tha jack of all trades route isn’t always tha best, especially when your breadth of knowledge and skills are not useful to people or lack depth. MakeExtra$ people live by a simple rule that is getting better at things they are already good at. It’s best to improve specialized skills that are marketable and can significantly improve your income rather than being just above average at many things. If you are young, start MakeExtra$ . Do not let poverty or low income stop you from MakeExtra$ money. It’s actually easier to create new income streams, earn more, find good jobs, and start a business now even if you in your 60s or 70s.