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Rules About Money and Wealth
Becoming Rich and wealthy is an endeavor that takes time to build and effort to accumulate. It is an intentional process. As you start your journey to build your wealth and become rich. There are some rules money and wealth require you to play by. Understanding these requirements can exponentially boost the process of your wealth attainment goal. Click the dropdown blog corresponding to each title to see what you must know to succeed
Within you resides a universe of thoughts, dreams, and possibilities, waiting to be explored and shared with the world.
You are your best source of generating income to fund your financial investments. And you are your greatest obstacle to your wealth attainment. You control how much you progress towards your dreams or how long you stay where you are. It is entirely up to you.
Money and wealth attainments all starts with you, How you Think, What you know, What you do, How you do it, How you see wealth, what you know about it, what you are willing to stake for it, what your fears are, what your values are, and what choices you make will ultimately decide your income level and your wealth attainment.
Work on yourself. Increase your knowledge and the value you can provide to other people because humans are the only entity that uses the concept of money. To get money and build wealth, you need to get it from other humans who have it.
There are only two avenues through which another individual may entrust you with their financial resources:
1. If you solve their problems, they will pay you for it. The bigger the problem you can solve, the higher the amount you can charge or get paid. This is the foremost way to generate your income for your investment.
2. If you can provide Pleasure. People will pay for pleasure. That is why you pay to go on vacation, you pay to watch a movie at the movie theater or on a Netflix subscription. People pay to be entertained. Isn't this how superstars start out to build wealth? You get it.
So, what can you do? What value can you add to people or what problems can you solve so people can pay you which is the start of your investment journey, especially if you do not come from a wealthy background? The answer is "WORK ON YOURSELF TO BE ABLE TO ATTRACT MONEY THROUGH PAYMENT FOR PROBLEMS SOLVED OR VALUE ADDED."
Learn a skill or learn some skills, Read a book or read books, watch videos, or research information that gives you something important that others don’t have and will be willing to pay you to get it.
There is another rule called restraint. click the restraint article below to see how this rule applies to you and how knowing this rule can help you in your goal to build wealth.
True strength lies not in the absence of desires, but in the mastery of one's impulses through unwavering self-control.
When you begin to make that income, maybe you already are making that income, next, restrain yourself by delaying gratification. choose to forgo immediate rewards or pleasures in favor of achieving a more significant or long-term goal like investing.
Resist the impulse to indulge in something pleasurable right away as your income stream in and instead opt for a delayed or deferred reward that holds greater value or benefits in the future.
This will require self-control, discipline, and the ability to weigh short-term satisfaction against the potential long-term benefits.
DO NOT FOLLOW AFTER THE CROWD. Ferraris are nice to have but they are not a Have-to-Have. If your friends, neighbors, or kin buys a Ferrari, it doesn’t mean you should, even if you can afford it. See the extra funds you have as an extra opportunity to make your investment grow.
Remember, well-invested funds at the present can guarantee your gratification even for generations to come. Restrain yourself with your income and invest it.
There is something about expenses you should know to avoid canceling your own efforts to build wealth. click the Expenses article below to know how this rule can affect you negatively.
Expenses are the footprints of our choices, guiding us either toward the path of financial wisdom and mindful living or towards financial ruin and oblivion.
Lower your expenses. The amount of money you spend doesn’t have to be directly proportional to The level of income you make. To put it clearly, Just because you make a lot and can afford much doesn’t mean that you have to spend as much in other to be satisfied.
If you live in an apartment and your level of income increases significantly, why move to a bigger apartment that will take a larger chunk of your increased income?
To make wealth happen for you, you need to scale your income source. One of the best ways to scale it is to make your money work for you. To put your money to work, invest it and it will keep earning for you even while you sleep or when you become old and retired.
The more funds you have to invest, the more your income source will scale over time and the higher your chances of attaining wealth will be guaranteed.
On the flip side, the more your expenses increase, the less income you will have at your disposal to scale your investments. It will take just one job loss or misfortune to plunge you back into the cold depths of poverty where you will literally weep and gnash your teeth till they all fall out.
You don’t need to take that expensive vacation even if you can afford it. You do not need to move to a high-brow area even when you financially can and if your current place of residence is decent and safe.
And what about that expensive car that is calling out to you: “Hey! Buy me, buy me”? You don’t have to listen, and you don’t have to do what your heart is telling you to do. Except of course if buying that car will unlock more financial stream for you, Then knock yourself out.
Remember, The more your income, the more the opportunity and investment options you will have, and the more money you can put to work for your advantage. The scaling investment power of 1,000 dollars cannot be compared to that of 10,000 dollars and 10,000 pales in comparison to 100,000 dollars. More invested funds equals more income power which equals more wealth.
Now that you have known how keeping your expenses low can raise your chances of building wealth, there is something about people that is important you know to accumulate wealth. click the People article below.
People who are crazy enough to think they can change the world are the ones who do.
Wealth attainment needs other people to make it happen for you. You need other people to make money. This is simply because no one knows it all and no one has it all.
If you have funds to invest to scale your income source, you will need help from smart people with integrity to help you and guide you with your investment options and decisions. It is a known fact that you eventually become like the people you surround yourself with.
Successful people work with or partner with other successful people who may be more proficient in the same area as you do but with different skill sets or they may be proficient in areas you are not. The goal is to leverage the intelligence of others even if you have to pay them for it on your journey to gaining and growing your wealth.
We at Joe Trade Express have the smarts, intelligence, and integrity when it comes to investment in the stock market.
Work on your people skills because you need them to succeed, but there is an inherent risk to building wealth that you need to understand so as not to get discouraged and give up on your dream to be rich. Click the Risk article below to learn more.
Life's greatest achievements are born of the willingness to embrace uncertainty and take bold steps into the realm of the unknown.
The journey to wealth and riches comes through the pathways of risk and sometimes failure.
Not all the funds that you put, to work for you, will return with good results. A few will die the unexpected investment death due to unforseen risk or undesirable turn of events. Some will ride the investment journey that leads to nowhere and may be lost, but others will return, some at 4%, some at 8%, and some will even surprise you with 10% ROI.
Calculated risks need to be taken to leap from your current financial level to the secure wealth level that you need to be. Persistence in putting your money to work for you will keep you on the right path long enough to see your Investments return to you to bare their financial rewards.
You will need adequate knowledge and smart people to help you along the way. We at Joe Trade Express are the partner you need. Our traders are knowledgeable, smart, and have integrity. We will help you make that calculated risk to minimize loss that is common with investments for wealth. Never allow the fear of loss hold you back from achieving your dream wealth.
It is good you are aware that risk is a real obstacle to your dream. You must know how Knowledge can insure you from risk. click the Knowldge article below.
Knowledge is the compass that guides us through the uncharted waters of ignorance, lighting the way to understanding and growth.
The more you know, the more opportunities you will see, and the better you will be at identifying them. Knowledge they say is power. Try to gain as much knowledge as you can about building wealth, the various ways to make your income work for you, and understand concepts like budgeting, saving, investing, and managing debt. The more you know, the better equipped you'll be to make wise financial choices.
Knowledge can be gained from the experiences and advice of successful investors. Read books and watch videos about successful people. Imitate some of the positive things they do and avoid the mistakes they make. embrace lifelong learning. New knowledge can bring better financial prospects.
Knowledge serves as a defense against fraudulent schemes and financial pitfalls. Adequate knowledge will help you recognize red flags, conduct due diligence, and make sound judgments to protect your wealth.
An investment in knowledge pays the best interest. Knowledge is like a garden: if it is not cultivated, it cannot be harvested and it is the passport to the future, for tomorrow belongs to those who prepare for it today.
One final thing about Knowledge as it connects wealth. Knowledge is of no value unless you put it into use. Knowledge without application is just information. Know as much as you can about wealth management and how money works and act on what you know.
Did you read the entire article and made it this far? Excellent! This is the first indication that you will not be your own obstacle to accumulating wealth. Now is the time to put the knowledge you just learned about the "Rules About Money and Wealth" by clicking the button below to start and we will guide you all the way. We are expecting to see you at the other stage.
