All the success stories that heard of are unique and similar at the same time. They are so similar that it is quite possible to allocate the basic rules, following which any person is capable to achieve success and wealth. Here are the most important of them:
Buy Only Things You Need
You should buy only those things you can afford. Did you know that rich people sometimes afford themselves less than poor? You shouldn't buy a new iPhone or laptop if you earn less they cost.
Improve Yourself Every Chance You Get
Self-improvement is an investment of time and energy instead of an investment of money, but both pay excellent returns. It can improve your health, your emotions, your career, and your financial state.
Spend less Than You Earn
This could sound boring, but you should leave something on your account as the month ends. The more money you make, the more you're inclined to spend. But if those extra purchases are wants, not needs, you're better off banking that money for a future need—retirement or a down payment on a home—instead of spending it on things you won't even remember later.
Have Some Patience
As soon as your efforts start bringing the first results there will be a desire to award yourself and to have a ball. Have patience and remember that it's always easier and quicker to slide
Use an App
Life is busy and the days fly by. Before you know it the month is almost over, and oops, that bill was due last week. Schedule at least the minimum payments on your bills, so if you forget, you won’t be penalized with a late fee. Plan out your monthly bills in advance, and take advantage of free bill pay if your bank offers it. Automate your savings so you don’t have the opportunity to weigh whether or not you really can save that amount this month.
You might not be thinking about your 60s in your 20s - but you should. The earlier you start saving - the more you will save. Contributing a few percent of your pay may sound painful, but it will actually end up being a much smaller burden than you expect, one that’s lifted up by the pleasure of knowing that you’re securing your retirement.
Build An Emergency Fund
If you do not have a cash emergency fund just sitting in a savings account at a local bank somewhere, this should be your number one priority. Cash is king for solving all of the problems that life throws at you. You can start building an emergency fund by setting up an automatic weekly or monthly transfer from your checking account to your savings, then leaving the savings alone until an emergency beckons.
Set Big Goals And Keep Reminding Yourself Of Them
What is it that you want for your future? It’s a difficult question, but it’s one that can provide incredible motivation and direction for the things you do in your everyday life, encouraging you to take better steps. Do you want a secure early retirement? Do you want to start a business? Do you want to travel around the world? Do you want to find a new job you love? Whatever your goal is, keep it in mind all the time. Fill your life with reminders of your big goal so that you make better choices in line with that goal when it comes to all of those little decisions in your life.
Nothing comes easy, and behind every success are hours of plain hard work. Remember that It's hard to beat a person who never gives up.
Find and Work Toward Your True Passions
the people that succeed in a particular career path are the people who are able to tap into their natural passions and aim that fire hose into their professional life.
Stop Trying to Impress Other People
If you always have the latest gadget, you’re spending money to impress other people. If you buy a car that’s flashy rather than focusing on one that gets the job done as efficiently as you can find, you’re spending money to impress other people. Don’t play socially by the tired old rules that revolve around needing to impress people. Spend your time on things that bring real value to you – and give real value to others.
The bottom line: Money is