Secrets of the Rich

We all want to be rich so we can have all the special things that we desire or be able to do. Why is it that some people are richer than others? Is it to do with luck or is because they do the things that rich people do?

Here are 10 secrets of the rich that you need to know to begin your journey to being rich:

Secret #1 - Increase Your Income and Savings.

Do this by putting aside 10 percent of your current income each pay. It does not matter if you are already struggling to make ends meet because your lifestyle will adjust to the budget.

Secret #2 - Control Your Expenses.

Set a daily, weekly, monthly budget. Stick to this no matter what because the rich do not ever spend more than they earn.

Secret #3 - Make Your Money Work For You.

Try not to work for your money, make it work for you in order to get rich by investing it in vehicles that offer a return of 10% or more to overcome inflation, which devalues your money.

Secret #4 - Asset & Money Protection.

Protect your hard earned money at all costs. There are many people out there who will gladly take your money from you using scams, fraud, litigation and crime. Always insure your assets and money.

Secret #5 - Invest in Property.

Bricks and mortar has always been a stable and solid investment in helping getting rich. The banks love it!

Secret #6 - Build a Cash Flow.

The rich have a river of money that constantly flows into their pockets. In order to live comfortably, you need to create this. -

Secret #7 - Leverage Your Money.

The more knowledge you have, the greater you can do with your money to grow it so you will become rich. Use small amounts to increase it into large amounts.

Secret #8 - Get Advice from those Experienced in their Fields.

You would not buy a car from a grocery attendant so why risk your money. Get good advice from professionals who are rich themselves.

Secret #9 - Invest in Core Competencies.

Do what you do best. Do not try to do everything. Let your money do the work. The rich get other people to do the things that you are not good at.

Secret #10 - Forget Get Rich Quick Ideas.

These impossible methods are sure ways to lose your money fast. Build a steady cash flow and assets that grow in value over time. That is they key to becoming rich.