. . . nor do I live in a mansion. . .
but I can consider myself financially wealthy . . ."
Wikipedia states: An individual who is considered WEALTHY, affluent, or rich is someone who has accumulated substantial wealth relative to others in their society or reference group.
Is someone with P1,000,000 considered wealthy? or is it someone who has P100,000,000? The word wealthy is relative depending on how many digits you want your NETWORTH to be. But one thing for sure, those who are wealthy indeed have considered having all if not most of the ingredients in the list below.
I have been working as an employee for the last 20 years. . .Had I known the secrets of the wealthy earlier on then, at 45, I probably wouldn't be working 9:00AM to 6:00PM every weekdays . . .
But I still believe its never too late to build your wealth. . . All we need is to be STRONG-WILLED - that we want to be WEALTHY and have the DISCIPLINE WITHIN US to follow all of the items in the list below.
2. Pay tithes/love offering
3. Get out of Debt ASAP (as soon as possible)
4. Increase your cash inflow
5. Pay yourself first.
6. Get Protection (Insurance)
7. Always have an Emergency Funds
8. Create Passive Income
9. Invest instead of just Saving and placing them in low-yields
10. Aim to have your own home.
11. Build Long-Term Assets that will accumulate income later on
12. Preserve your Estate (Estate Planning)
