Want To Become A Successful Entrepreneur? You need to learn from those who have succeeded, from savings to smart investments, here is what you need to keep in mind.
If you want to be better, you have to learn from the best. Successful people are in control of almost every single situation. Here are the behaviors that most successful people have with money and how you can learn from them.
Build an emergency fund
Alexavon Tobel, founder and director of LearnVest.com, says: “I am always grateful to myself that I built an emergency savings fund during my first post-college job, which allowed me to start LearnVest. “Without extra money aside, I would not be able to take a crazy step (at the heart of the recession) and make financial advice available to all Americans anywhere in the country.”
I paid myself first
Tony Robbins, lifestyle and business strategist, author of bestseller books, reveals that he has set aside some income to start building a significant venture to first pay off the money he had invested.
“One of the best pieces of advice I got was from Ken Blanchard. I first met him when I was 24 years old. I had just published my first book and it was gaining fame. Ken took me aside and discussed with me the 10 percent income pact set aside. “He showed me how a business can take your money indefinitely if you do not know how to restrain yourself and set aside income that has nothing to do with it.”
Robbins now has 20 companies of his own and is involved in growing his fortune until it becomes independent.
I invested in real estate
Farnoosh Torabi, a personal financial expert, bestselling author of books and moderator of a show about money, says that the most valuable thing he did in his life was buying real estate in New York in 2004 and keeping the apartment until year 2014. The price of the house increased by about 70 percent. “I found a buyer in less than 24 hours from the launch.”
I bought an Apple Quadra 800
Adam Nash, president and director of Wealthfront tells his story of the road to wealth. “In the spring of 1993 I took the money I had barely raised as a software engineer and bought an Apple Quadra 800 computer. Although it cost me a lot, it was one of the smartest things I could do with my money, opening me up. the way forward. I bought the computer because I had just started school for computer science. “I find it very important to invest in your skills and then receive a reward for financial independence.”
I invested in ideas
Jennie Enterprise, founder of the Core Club in Manhattan. “The smartest thing I have done with my money has been to invest and nurture ideas and talent in myself. My passion and the work that has taken me the most time in my life has been innovation, behaving like new experiences of things related to the community. “I have never been interested in buying things on the stock exchange that I could not control. “It was important for me to invest in the people and in the ideas that dared and transformed.”
I made my money work for me
Steve Siebold, a millionaire who started out of nowhere and author of How the Rich Think, says the rich taught him how to use his wealth as a lever to generate more income. Not knowing this has been an unfair advantage for many years. Using money to make other money always works, and beyond the care that should be taken, it is a tireless way to increase wealth.
I started a business
David Bach, author of bestselling books, entrepreneur and motivational speaker, points out that the smartest thing he did was invest $ 5,000 in a business idea. “I started with the dream of teaching a million women money tricks with a program I had created.” After the business start-up procedures, he sold his idea and started a series of seminars all over the country to teach women how to make money. After a series of 12 books, his brand has sold 7 million books, translated into 19 languages in 50 countries around the world.
I lived below the standard of money
Ashley Fieglein Johnson, chief financial officer of Wealthfront, says she has never spent as much as she earned. “I always set aside some of my profits and used them when I was given the opportunity to invest in businesses, property and similar cases. “I could afford to participate in these types of ventures, as I always had the savings that got me out of trouble.”
I invested in myself
Lewis Howes, entrepreneur, business assistant and author of books on finance, says: “I have done the best thing by investing in myself, as this way my personal brand will always exist. “I have invested in my personal development and it has definitely been worth it.”