8 Simple Ways to Increase Your Wealth

8 Simple Ways to Increase Your Wealth

Your take home pay will never satisfy you. This is the basic principle in Economics and financial operations.No government on earth will just dashed out money to its workers without and rigid system to plough back the money. Every government wants to have a stable economy and hence does not want anything to increase inflation.
Have you observe how any time your salary increases, anything else including prices of goods and services increases. Don't be deceived that a government can change your financial circumstance. No government is a Father - Christmas. The purpose of governments is to create the enabling environment for you to succeed.
Below are seven proven and tested strategies which can double your wealth and make you financial independent.

1.  Spend less than you earn and Invest the Rest.
Start today by saving your money. Make it a habit to save some money from the little you earn. Save 1% of your salary every month for the next 5 - 10 years. Try increasing the percentage from time to time.Invest the saved amount in a profitable venture.

2.  Procrastinate when buying anything.
About 30% of the things we buy have little or no value in your life. Always procrastinate when buying things. It will reduce the rate at which you buy unnecessary things. This in return increase your wealth.

3.  Always prepare a budget and work within the budget. Individuals who prepare daily and monthly budget and stick to it will increase their wealth significantly. Buy things which are captured in your budget. ignore items not listed in your budget. Avoid unprepared purchase. Train your spouse and other dependent to stay within the budget.

4.   Reduce Bills
Most of the things we use in our homes consume energy. The mobile phones, laptops, Personal Computer, Television, etc. It is rather amazing and shocking to discover that some percentage of our salary goes into paying bills. Do a simple calculation of your bills and you will be shocked how your wealth has been used to pay bills.

5.   Buy your foodstuff in bulk
Buying foodstuff in bulk is cost effective. This can be done monthly at the market and on a market day where things are some how cheap. You can also buy more non perishable foodstuff.

6.   Have A Second Job
Relying on a single job in this day and age is very disastrous. Think about learning another skill or just get involved in sales. Contact friends, and loved ones and try to identify their needs and help them to satisfy them.

7.   Reduce the intake of Drinks and other Beverages
Drinks and other beverages have high demand on our salary. Make sure you are able to reduce your drinking habits by at least 5% a day.

8.   Reduce the rate of unnecessary Mobile Calls
Most of the calls we make are unnecessary and unproductive. I am not saying you shouldn't call friends and other family members but just reduce the calls. Screen your calls. Call only important persons in your life.  Adopt the best call strategy.






Mohammed A. M.
Personal Development Coach, 
Aminu Writes Inc.
email: aminuwrites@gmail.com
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