The Easiest Way to Get Rich
Most people live obsessed with wealth. Many spend most of his adult life trying to get it, but very few find a way to reach your goal.
Ways to achieve wealth is more, we can create a multinational company, to be famous artists, athletes be successful, be world-famous authors, winning the lottery, inherit a fortune, etc.
Unfortunately most of these get-rich are complicated and, in most cases, are beyond the reach of most of us.
An interesting method of how to get rich, although not come to follow to the letter; we can take as a reference to start our road to riches.
1. Getting a good paying job
The first step of this method is to get a good paying job, which may require a great effort from us and take us some years, but is a necessary step if we have a good source of income.
2. Get good tax advice
In most cases a good portion of our revenues will go to government funds, so if we take seriously our quest of wealth, an important requirement is to get a good tax advisor to help us reduce legally pay our taxes.
3. Saving 20% of what you win
As soon as we receive our payment, we must deposit 20% of it in a savings account, most banks can do this automatically for us.
4. Conservatively invest the money that accumulates in the savings account
Once a month, we go to our savings accounts, divide the money, and invest equally in the next three conservative assets: private equity investing, real estate investment trusts, mutual funds and cash.
5. Reinvest all income from assets
All revenues generated by the assets listed above, must be reinvested in the same mutual funds that generated them.
6. Never touch these funds
We must never touch those funds, we must try to ignore the news on speculation or market movements and maintain the strategy of investing 20% of our revenues in these assets, we must bear in mind that every market has ups and downs, but the long run, all markets will almost certainly increase their value.
7. Wait a decade
If we follow the above steps in a decade we can probably say that we are rich, probably are not going to be a Bill Gates, but almost certainly will be within 20% that make up the wealthy, if we wait another decade, we will be within 5% or even more.
