Ever wondered how the rich became that way? I will tell you one thing a majority of them were not born that way.
You might still think there just lucky.
The truth is to become rich takes time.
What do you spend most of your time doing.
Learning to manage your time better will greatly help you financially.
You must first take the time to educate your self financially.
Learn to read your financial statements as well.
So you may be wondering how do I become rich.
One of the best ways to build wealth is to have multiple streams of income.
Also having more assets than liabilities will help as well.
Opening up a retirement account will greatly help you in becoming wealthy later on in life as well.
Starting your own business tends to be one of the steps in building multiple streams of income.
Also writing e books ,writing music, owning copyright and trademarks to your works will also increases your wealth dramatically over time.
I would recommend that you first start out with something your good at first and later moving on to something that's more complex like real estate later on.
Having large amounts of assets will help your personal wealth grow.
Examples of personal assets are A business because it is bringing money into your pockets.
On the other side liabilities take money away from you.
Try to eliminate as much liabilities as possible.
Owning a Home can either be a good thing towards building wealth or a bad thing.
The question to ask are is it bringing money into my pockets now or or will it in the future.
Setting goals is also important to becoming rich for two reasons, one is that it gives you motivation and two it gives you something to focus on.