What does it take to be Wealthy

Last Update: March 06, 2017

Wealthy people stay rich by earning money through various means. Hard work alone will not make you rich; millions of people work hard every day, they are still poor.

So what does it take to be wealthy?

1) A Healthy Lifestyle

Eating healthy food, regular exercise, having enough sleep and plenty of fresh air are what the rich people usually do. They know health plays an important role in their daily life. Imagine how much money and time you will save from medical fee and recuperating from a sickness.

2) Investment is better than spending on unnecessary things

Invest in good Shares, bonds, properties, gold and commodity. These will give you a good ROI over a period of times. Do note that certain things you spent will depreciate over time e.g. cars, jewellery, brand clothing, bags and shoes.

3) Time Investment and Training.

Working with a salary will not get you rich. However, you are the guarantee of a source of steady income monthly to cover your daily and monthly expenses at the start. Besides, you can contribute a certain percent of that money for training and self-improvement. Any fundamental knowledges will help to cut down the risk of losing money as you build up your investment portfolio later.

4) Tracking your Financial Status

Watch your finances carefully and track their net worth. Study their trend movements and financial records. Read Financial News and watch how the rich create wealth and learn from them. Spread out your Investment Portfolio wisely as some investments may not made you money.

5) Set Goals

Determine how much you wish to make in a short and long term. Visualise what you want to achieve. Be realistic and constantly working on the plan. You want to expand using the guideline of previous earning records and slowly adding more to those profitable investments. Do not over-invested and end up in great debt.

Thanks for Reading and appreciate a like or comment.

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paulgoodwin Premium
I guess it all depends on how you define wealth really as I am happy just to wake up every day!!!
SadieChan Premium
So true, Paul.
AlejandraB Premium
Thanks for sharing this blog Sadie,
SadieChan Premium
Thanks Alejandra.
WilliamBH Premium
Great Post Sadie .. Cheers, William
SadieChan Premium
Thanks William
Ivine Premium
Hi Sadie, you have given the recipe for success. Irv.
SadieChan Premium
Thanks Ivine.
JMupanguri Premium
Thanks for sharing. These are good steps to practice