Tuesday, 24 February 2015

5 Principles in Building Wealth

There are many ways to build wealth and principles that we could learn from gurus. Sir Warren Buffet build wealth thru value investing in the stock market, Sir Richard Branson build wealth thru building the Virgin brands and diversifying in different businesses, Mark Zuckerberg build wealth thru friendships and socialization by means of Facebook and Sir Steve Jobs build wealth thru innovations by introducing unique products in Apple.

Here are  5 Newbie Mentor Principles:

1. Invest in yourself. You. Educating yourself and continuously learning everyday will lead you to self-improvement and might give you promotions. Studying higher education can give you an advantage in the future. Click here for my business school adventure Hult Life . 

2. Live less but do More. Living simply. You don't need to buy a new car, a condo, a new gadgets thru piling up your debts and mortgages. Don't keep up with Joneses. Delay gratification and work hard so next month you have extra money for watching movies and rewarding yourself.

3. Find extras. Extra income. Overtime. Freelancing or it could be a new blog that will give extra income thru Google Ads. this extra income could give you extra buying power.
Equivalent to 8544.76 pesos

4. Prepare your bigger goals.Think a bigger picture of yourself. Achieving your 1st million pesos, starting your food cart business,going home after 20 years of working abroad, and retirement in front of your beach house.

5. Prepare for Future Challenges. Life will be boring without challenges. Facing the challenge will be part of your journey in building wealth.There is an abundance wealth waiting for everyone of us. GO GET IT.

Feel Free to Share your Principles in Building Wealth.

Sincerely yours,

Jonathan I, Ruiz

P.S. Newbie Lesson P1 is now available on you tube. Click this word MONEY MINDSET .

No comments:

Post a comment

How to Ensure you Have a Long Lasting Retirement?

#RetirementGoals. Everyone needs to plan for retirement because there will come a time that you will stop working. Sometimes, it can also b...