How to be RICH in 6 Steps

by / Thursday, 19 March 2015 / Published in Business
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Getting Rich

I was always wondering why all the famous and rich people start their interviews saying that their journey began from the “ZERO” and some of them had not even a shelter, until I found these 6 tips via Warren Edward Buffett, which changed my life forever:

1. On Earnings:

“Never depend on one income. Make investment to create second source”

2. On Spending’s:

If you buy things you do not need, soon you will have to sell things you need”

3. On Savings:

Do not save what is left after spending, but spend what is left after saving”

4. On Taking Risks:

Never Test the depth of a river with both feet”

5. On investments:

Do not put all eggs in one basket”

6. On Expectations:

 “Honesty is very expensive gift, do not expect it from cheap people”

Am sure you will find a strong logic behind it, especially if you compare it to our lifestyle nowadays and how we become more & more un-self-conscious to distinguish between “Needs & Wants”, habits that will destroy us one day, we even start counting new addictions, such as: Shopaholic.

Hence, the potential to become a rich individual is not in anyone’s hand, but you, if you learn how to become one!

If you have more methods or tips, please share it with us!

Written by Rania El Alami

Rania is the Sales Manager at Business Setup Consultants. She previously worked at Traveler VIP and The Entertainer. She has also worked for a number of top firms in the UAE.