The richest man in Babylon is a book written by George Clayton. It explains the philosophy of how to accumulate wealth until you can become financially independent. Actually, a lot of people are not familiar with the word " financially independent" because we have never been taught in the classroom. The word is however used widely in the MLM and in the internet marketing because the possibility the fields provide. It is however not discussed among employees since they know that there is no use to discuss about what can not be true. In this article, we will talk about seven ways to attract into your life and become financially independent. The seven ways include:
1. Study wealth. Understand the nature of wealth.
We need to respect wealth not to despite it. A lot of people drive away wealth by thinking to be wealthy is filthy. That is not true. We can be both rich and noble at the same time. Actually, to be wealthy is one of the ways to exert your most potentials and to make yourself be able to contribute more to the world. Andrew Carnegie spent the first half of his life accumulate wealth. He also spent the other half giving it away. When we study wealth, we will hear a lot of stories like this and we will change our attitude toward it. If you want to be wealthy, you have to feel good on being one.
2. Spend less than you earn.
This is very simple. Once you earn more you spend, you can save the excess. Most people understand the principle but can not practice it. They can not hold their discipline enough. The temporary gratification is so strong for most people that they do not want to sacrifice their convenience. Do not let this happen to you. Resist yourself to spend more than you earn. If your current status do not allow you to practice this, quickly find way out since it is the basic principle before you can become wealthy.
3. Save ten per cent to be your wealth fund.
This is not an emergency fund which you can spend it when it comes to urgent situation. The fund is for investing for a secured financial life. Learn how to invest wisely and carefully with this fund. You can be wealthy if you save this ten per cent long enough and live prudently enough.
4. Save ten per cent for your contribution.
Give back some money to the other people by donation. Find some organization that you can give some contribution. Oddly enough, the evidence shows that the more you give out, the more you can save. You don't have to give them all away at once. Set up a separate fund and donate when time comes. You will attract more wealth into your life by giving out to others.
5. Invest three per cent for your continual education.
You need to further your education in order to add more potential into your life. Investing in yourself is one of the smartest ways to help you achieve wealth quicker. When you are more capable, you will earn more and you can save more and invest more. At the end, the person who continually learns will definitely enjoy wealthier life than the one who does not.
6. Save unexpected income like bonus or extra profits.
When you have unexpected income, save it not spend it. People tend to spend all with what they have extra by satisfying their impulse purchase pattern. Don't do that to yourself. Save it and your saving fund will grow faster.
7. Make visualization on wealth success regularly.
Visualize that you can enjoy wealthy status can help you attract wealth into your life according to the law of attraction. You will be able to attract circumstances and attributes that will help you to become wealthy. You can add background audio to accelerate your attraction process.
To be wealthy is what many people aim for and expect to achieve. This article reveals seven simple ways that you can use to accumulate wealth into your life.