the rich
Many people seek to increase their incomes and enter the world of the rich, with the goal of achieving many dreams, living happily and well-being, which motivates them to work hard and find other ways to increase their money. Some factories and businesses.
How to become rich
Planning
Planning is the first step in trying to achieve wealth. Planning for a financial life starts by saving a portion of your monthly income, putting it in a bank account, transferring it to another currency and placing it in a place where it is difficult to reach, preferably at least 10% Your monthly salary.
Focus on cash flow investments
It helps to save money in order to invest in contributing to and participating in projects or buying real estate, and then selling them in the future at a higher price. It is possible to purchase a piece of land for a small amount, then leave it for several years and sell it for a larger amount.
Buy and sell in time
Taking the useful information related to the things to invest in, to make sure that they can be used in the future, and then sell them in a timely manner, which the price increases.
Stay away from religion
Avoid debt to buy a commodity such as a car, away from riba-based loans, because it will not help to collect and make money, it is preferable not to buy personal property on installments, to avoid any sudden circumstances in the future.
Choose friends
Spending time with negative people will turn you into a passive person over time, so it’s a good idea to stay away from passive people in your life, because they usually kill your ambition and lessen your resolve, so it’s a good idea to endorse the positive people who support you to reach your goal.
Learn about financial culture
Read books and articles on how to get rich, and about investment rules and assets, as well as follow the economic news bulletin rather than serials, songs, trying to change lifestyle, style of thinking.
Diversification of investment
Avoid relying on one way of investing, investing to find another source of income, and getting ready with more than one plan to face any financial bump.
Living less than potential
Stay away from paying all your salary as soon as you get it, as the debt is linked to the exchange rate and not the value of the salary, it is possible to economize excessively to avoid it.
- Note: Another way to become rich is by reducing expenses to increase saved money, using it to diversify sources of income, and trying to think about starting a private job, because the employer grows and develops, while the employee adapts to work in exchange for a salary to live.