10 practical tips how to be rich and become debt FREE Part 2

 6. Invest wisely.

Like you, I’m a huge fan of investing money in the stock market. But it’s not just about making money; it’s also about learning how to grow your money. If you want to get rich, then learning how to make money work for you instead of working for it yourself is the key. The first step towards this goal is investing right: choosing investments that have proven track records and aren’t too risky (so they won’t lose value). 

But the second step is even more important: learning how to grow your money. This means studying the market, learning about financial statements, and understanding how the economy works. It’s not something you can do overnight, but if you put in the time and effort then one day, you’ll find yourself in a much better position than most people on this planet.

7. Keep your money working for you once you have it made.

Once you’ve made money, there are many ways to keep it working for you. First and foremost, go into sales. You can make more by buying the product at a lower price and selling it for a higher value. If you invest in stocks, then after time the value of what you bought will increase as well—and if this happens fast enough it will be even better.

If all else fails and your business does not give off profits (or even if it does), then don’t worry about losing money because everyone makes mistakes from time-to-time. When things don’t work out, try something else. Eventually you will find someone who can guide your efforts toward success.

8. Don’t be an impulsive buyer

Impulse buying is one of the biggest money mistakes you can make. It’s also a problem that can be avoided with a little self-control, but it’s important to understand why impulse buying is so bad for your finances and why it’s so hard to control.

Impulse buying is when you buy something without thinking about it first—for example, when you see something in a store and decide to buy it immediately because you like how it looks or sounds. But here’s what happens: You walk out of the store with an item that may not have been on your radar before making this purchase (and then paying full price).

Another reason why impulse shopping is bad for your finances is because sometimes companies purposely put things on sale because they want people to buy them. If this was true for me as well as other consumers out there who live paycheck-to-paycheck lives every month due to their job conditions/career paths etc., then we’d all be able to afford items like new cars while sitting comfortably at home instead of rushing around town trying to find parking spaces or breaking down traffic patterns just so we could get somewhere faster than everyone else (which doesn’t always end up working out anyways).

9. Close your eyes to temptations

One of the biggest temptations for people with money is spending it on things that aren’t necessary. When you’re rich, it’s easy to get caught up in the latest trends and spend money on unnecessary things. But if you want to keep your wealth from getting away from you, avoid these stores:

• Don’t go into an expensive clothing store unless you have a specific need (like shopping for a wedding gown). You’ll probably get distracted by all their high-fashion clothes, but they won’t help make your life better in any way. Plus, their prices will leave a bad taste in your mouth after seeing how much more expensive everything else around them is!

• Don’t even think about buying shoes online—you’ll end up paying too much shipping costs because they were shipped from overseas. Instead, just go out into nature and hike through some trails around town until something catches your eye; then buy it there instead because we all know how great those deals are anyway 🙂

10. Always invest in yourself

Investing in yourself is the best investment you can make. You are your most valuable asset and investing in yourself will pay off in the long run by improving your skills and making you a better person overall.

There are many ways to read books for self-development, but the most common ones include:

• Reading books on personal finance (investing)

• Reading books on career planning and management (business)

Conclusion

We hope you’ve enjoyed reading our tips for getting rich. Remember, these are just a few of the many ways out there that can help you to achieve financial success. The key is to be consistent and persistent in your efforts, and we think that’s exactly what makes this article so helpful. Good luck with your financial goals!