Have you been tired of watching tons of videos on how to make money online? And found all are telling you the same ways of making money online Such as YouTuber, Affiliate Marketing, blogging, etc. But haven’t you ever thought what the principles that will make you get rich fast?
So here are the three principles that you need to follow that will make you rich.
I already told you that being rich will look you rich but being wealthy gives you financial independence.
Clearly, I am going to guide you on the roadmap that will make you financially independent…
Without any late let’s see the 3 principles that’ll help you in making you wealthy.
Table of Contents
Money can’t buy happiness. But it can buy most things and can eliminate most of our problems. So earning more money is not at all greedy. And you can’t say the above quote before you make huge money. Remember that the one who said the quote was a millionaire. So before making money you can’t say these types of words.
And one simple question, who doesn’t like money, and who doesn’t want money?
The answer is simple everyone wants money and everyone somewhere and somehow, directly or indirectly chasing money every day.
So Money is everything but also at the same time it’s something that’s needed to be focused on and money should be seen as a part of life but not as whole life.
Focusing on money may bring you money but if you focus on the process of making money then you enjoy the process as well as your money.
The point is how you make money is important and how you use it and how to save it is also most important.
That’s why this roadmap is designed so that it’ll help you in knowing the rough idea of achieving financial independence.
The 3 Principles Of Money
These three principles are simple and everyone can implement them.
- Making Money
- Investing Money
- Saving Money
I know, I know…
You all know these things but doing it correctly is somewhat difficult. Let’s see each one clearly and in-depth.
Principle 1: Making Money
The trend of ‘making money online’ has risen rapidly. Also, people succeed in making money online but even though most of the people are failing and some are quitting too.
So Here are five Systems from which you can make real money:
- From Your Job
- From Business
- By Selling Products
- By Teaching
- From On-demand Skills
No matter how many money-making ways will rise in the future. Jobs are irreplaceable and anyhow this will continue. So you can make a good sum of money through a job.
Not like a 9-5 job, then you can start your own business and scale it. You can start any small business and I know that starting a business is somewhat difficult and time-consuming but the results will surprise you and help you get rich fast.
3: Selling Products
We have the necessity of some things and selling online or offline markets is a high-demand skill. Do you know how Amazon just by selling other’s products has now become a billion-dollar company? So selling products and earning from them is a great idea.
Today the world is lacking teachers and due to the high demand for learning new things in a more advanced way, teaching becomes a most profitable and respectful field for you.
Skills will undoubtedly make you good money if the skill is in demand and provides value to people. Here are some of the skills that will always be on-demand:
- Affiliate Marketing
- Web Development
- Video Editor
You can choose one system among the five and start making money.
I am not saying that only through these systems you can make money, there’re also many other ways from which we can make money. But these 5 are the long-term demand ways of making money really.
Principle 2: Investing Money
After you earn money and to make money from money, investing is a must. But there are many scams are going on in the name of investing. To avoid this, we’re going to learn the simple things that we can do that give the majority of results.
These five investments are enough for almost anyone:
1: Have an Emergency Fund
One should save his/her 6-month paycheck as an emergency and even more which is used for emergency purposes. You can also invest some amount in Liquid Mutual Funds which are easily withdrawn.
2: Invest in Life Insurance
No one knows what happens tomorrow. So to secure your life it’s essential and necessary to take life insurance. So after you make an emergency fund then immediately invest in the best life insurance.
3: Invest in Stocks, Mutual Funds
Based on your risk factor start investing in stocks and mutual funds. They will not make you overnight rich but they always profit you in the future. So invest in stocks and Mutual Funds to experience the power of compounding and help you get rich fast.
4: Invest In Nothing
Invest in nothing if you don’t know why you’re investing and you don’t understand the platform you’re investing in. For example, Crypto.
5: Invest in Yourself
Reinvest the money into yourself developing your skills. Because your skills are the ones which give you the more money.
Principle 3: Saving Money
Saving is the most crucial step to avoid unnecessary spending. Most of us spend money on things that are not needed and waste our money. Saving also plays a main role in financial independence.
These steps are enough in the category of Saving Money
- Spend Less
- Avoid Scams
- Save Money In FD
1: Spend Less
Most of the things you buy are meant for showing off that you have expensive things. If you change this attitude and spend on the things that are only meant for you, will not only save your money but also declutter your house. Live a simple life and live a wealthy life.
2: Avoid Scams
Nowadays many scams are going on, and you must be aware of them. Or else you will get cheated in those scams. Try to ignore get-rich-fast scams and focus on making real money.
3: Save Money In FD
Try to save some of your money in Fixed Deposits. Many financial advisors tell you not to invest in FD but they really work. And even now many people invest in Fixed Deposits. So you too can invest in FDs.
You might read the whole blog and questioning yourself that I know everything but you’re semi-correct.
Let me explain to You…
If you know all these things and already doing these things then you are already ahead of so many people. And one thing, you need not search for anything about money. You are already doing well with your money.
There are some who know all of these things but they aren’t implementing them. Before you do anything about your money follow these 3 principles.
You may not know the value of today, but you’ll thank me later tomorrow.
Happy Earning, Investing, and Saving…
Frequently Asked Questions
1: Learn High Paying Skill
2: Start Giving Value For Free
3: Start Increasing The Value of Your Skill
Small Scale Business
1: Have a Vision
2: Work For Vision
3: Imagine Your Vision
4: Reinvest the Profits
5: Belief In Your Vision
Three Legit ways to become rich before 30’s
1: Get a Job
Work 9-5 on your job and develop skills that you love from 6-9.
2: Start a business
From these skills develop a small business and expand it
3: Invest More
Reinvest your profits in your business until you make a huge amount of money. After that invest that money in the stock market to see the benefits of compounding.