How to become Rich
How to become Rich Becoming rich is a journey that involves disciplined financial habits, sensible decision-making, and a focus on long-term growth. Here's an elaborate guide on how to achieve financial success: 1. Understand the Difference Between Wants and Desires Wants: These are essential needs or necessities such as food, shelter, and clothing. Fulfilling these is crucial for survival and basic comfort. Desires: These are non-essential items or luxuries that you may wish to have but can live without. Desires often stem from emotional or societal influences. Tip: Before making a purchase, ask yourself whether it is a want or a desire. Prioritize spending on wants and carefully evaluate the necessity of desires. 2. Avoid Impulse Buying Impulse buying leads to unnecessary expenditures that can derail your financial goals. When you feel the urge to buy something, take a moment to assess its importance and necessity. Strategy: Implement a 30-day rule where you wait for 30 da...