NEWS & TRENDS

This is the (very boring) secret to becoming rich

This is the (very boring) secret to becoming rich


The secret to become rich is therefore very obvious.

Rich people always have a huge house in your imagination, expensive cars and a job or a lucrative business. A pretty depressing image, because for many this is a far-from-your-bed show. Fortunately, this image is often not the reality: many rich people live a very normal life.

You might not even say that they are rich, because they often do not look like the picture you had in your head all this time. They are like you and me, only with a difference: they know the boring secret to become rich. Which is: live below your stand.

Admittedly, it does not sound very sexy. But the greater the difference between your earnings and your expenses, the faster you save money to do what you want to do.
Although living below your booth sounds like an open door, in practice, it is easier said than done. Many people with large houses and expensive cars are just to their heads in debt and thus violate the principle of living under your class. They are not rich at all, but have to contend with a huge debt mountain.

Measuring yourself with these people is impossible and you should not want to. Real wealth only comes after years of spending less than you earn. It is a slow and gradual process and not at all exciting, but it is the easiest way to achieve your financial goals.

Living under your class does not necessarily mean that you have to keep that old bank from your study time at all costs (although this is of course an option). Easier to implement is perhaps to chart your biggest monthly costs and to check which costs you really have to make. For example, choosing a cheaper phone subscription.

This means, you can automatically deposit an amount to your savings account every month. It also means you have to live with less. You can also decide to deduct a percentage of your income every six months and save this amount. After two years you save 4 percent of your income and after four years already 8 percent.

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