Everybody likes the idea of a get-rich-quick scheme – whether that is inventing the next must-have gadget or simply hitting it big with a lottery win. The trouble is, these type of plans aren’t really that reliable. But you want to be rich, right?
Here are 11 tips to help you build up your bank (while you wait for that lottery win:)
1. Check Your Budget
Check out your expenses and see where you can cut back. Do you need that expensive cable TV package (do you watch all those channels?). Do you need to buy a coffee every day on the way to work?
Check out what you are spending each week or month and see where you can cut back. The first step to having more money is wasting less!
2. Ignore The Joneses
Keeping up with the Joneses is a quick way to having no money. Ignore the family who seems to have the latest car, go on exotic vacations and wear all the latest styles. The fact is, they are probably running up debts or if not living just one paycheck away from disaster (like most Americans!).
Instead, live below your means. You don’t need to spend every last cent that you earn, and you don’t need to buy the latest of everything either.
3. Pay Less!
Why pay more for something? Wealthy people know that they don’t have to pay full price for everything. In fact, statistics show that households with an average income of $100,000 or more use more money-off coupons than those who earn under $35,000 per year! Don’t forget to search around for bargains or even second-hand items online!
4. Get Free Stuff!
Even better than getting things cheap is getting stuff for free. It’s true that a lot of celebrities get free clothes and so forth as endorsements, but you may be surprised to see how much you can get or do for nothing. Look online to see what is being given away for nothing in your neighborhood or check out what free activities are going on locally. Don’t forget to take advantage of group or family deals too! Read more…