Money Advice in 10 Minutes That Will Make You Rich

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Define “rich”. Often, you don’t need a lump sum amount to start living your dream life.

 

A penny saved is a penny earned. Start saving, then learn investing.

 

Allocate a portion of saving first, then spend the rest. Most people do it the other way around.

 

If you bought something at N750 when it’s original price is N1,000. You just spent N750, not saved N250. Don’t find excuses for your spending.

 

Understand the differences between what you need and what you want. You don’t need most of the things you want, spend wisely.

 

Master selling. I know you can’t learn this in 10 minutes. But it’s the most important skill you need to become rich.

 

Google “Rich Dad Poor Dad assets and liabilities”. Embed this idea in your head, forever.

 

Google “You Need A Budget”. It’s a budgeting application. Read every single article in their blog. It will be better if you use the app.

 

Understand yourself. Find happiness within yourself, so you can detach your emotions with money.

 

written by Dean Yeong



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