The 6 Secrets of the Rich, Revealed.

For me, rich is a relative word.
By rich, I mean someone who doesn’t have bad debts.
He lives simply and below his means so that he can save and be generous.
Now, with my definition in mind, do you want to get rich?
That’s why I’m writing you today.

Here’s my promise” If you learn this Six Secrets of the Rich – which are the Six Steps to Financial Freedom – and apply them to your life, you’ll change your financial future forever.

Why I’m so confident that these principles will work for you? Because these principles are universal laws that rule God’s universe.

These are the Six few steps to guide you to become rich person.

Step #1. Increase the size of Your Psychological Wallet

This involves two things: Your theology of money and your money comfort zone – or what I call the size of your psychological wallet. These same people also have a very tiny psychological wallet. Even God wanted to put money into their lives, their psychological wallet can’t accommodate God’s financial blessings. Because they can’t see themselves as rich.

Step #2 Get to Zero “Bad Debt”

It was Albert Einstein who said the greatest magic in the world is daily compounded interest. You’d expect him to say something like nuclear energy or scientific, but that’s not what he said.

Here’s the bad news: If you borrow money at interest, you make the “greatest magic in the world” your powerful enemy. That’s bad. You don’t want that to happen. Because this enemy will eat you alive.

So the second step to becoming rich is to get zero “bad debts” as fast as possible.

Step #3: Apply The “Save First, Spend Later” Principle

Do you know the common habit of a permanently poor person?

After receiving their salary, they pay their bills right away. And that’s a wrong move.
Here’s what potentially rich people do: After receiving their salary, they save first – and the pay their bills later.

I recommend that you give your first 10% to God, give the 20% for yourself as your savings, and live on the 70% of your income. And I know what you’re thinking: Who can live on 70% of his income?

You’ve got to sacrifice today so that you can enjoy life tomorrow. And yes, it also means increasing your income.

Step #4: Create an Emergency Fund and Retirement Fund

Create an emergency fund consisting of three to six months of your salary and put it in the bank. These expenses are for random expenses of life.

But for the bulk of your savings – which I like to call retirement fund, don’t put it in the bank. By the way I call it retirement fund because no one should depend on their company for their retirement. Never. You should save this on your own – and whatever your company should only be a bonus.

Step #5: Get Protection

Let me tell you the two major problems of life: Dying too soon and living too long.

The second problem of living too long, you solve by building a retirement fund, which I explained in the previous step. But what if you die too soon? What good will your long-term savings be if you suddenly get really sick or die in a month or a year or five years? Who will take care of your kids? Your spouse or your old parents when you go? And if you die too soon, will you burden your family with the hospital bills and funeral expenses you’ll leave behind?

That’s why we need Protection. Or what many people call insurance.

That’s very, very important!

Step #6: Create Multiple Income Stream That can Give You Passive Income
Most people have only one source of income: Their jobs. But that’s scary. You need to have many sources of income – so that if one fails, the others can sustain you.

The final step to financial freedom is owning many assets ( paper assets, businesses and properties) that put money in your pocket. Or specifically, passive income – or income that you earn while you sleep.

You can do something now to change your destiny. If you delay, you’ll forget about this article. And after five year, you’ll still be in the same poor path that you’re in right now. If you’re serious of being financially free, you should act NOW.