What 11 Successful People Wish They’d Known About Money in Their 20s

Even the wealthiest, most successful people are prone to making money mistakes.

Some of the wildest “make a ton of money” tips include

Become a pro athlete. Please don’t count on this. Not only are the odds of becoming a pro-athlete incredibly small (source), but it also requires a lifetime of practice, iteration, and dedication to improvement. And who likes sports?
Win the lottery. You already know you’ve got a better chance of being hit by a meteorite or struck by lightning than swimming in a pool of Powerball cash.
Join a multi-level marketing (MLM) business. I hate MLMs so much. It’s an industry filled with fraud and broken promises — one in which you can reasonably expect to not only be swindled, but to then swindle others, too.
These “get rich quick” schemes are just not realistic. If it were truly that simple, everyone would be wealthy.

Having said that, there are some proven, legitimate ways to get rich — over time.

In fact, I’ll give you 3 proven steps anyone can take to become rich. They do take time. But do any one of them and you’ll set yourself up for lasting success. Do all three, and you’re almost guaranteed to be rich.

1. Become an investment wizard

Investing early and often is the single best way to get rich. And the sooner you start, the easier it is to be worth a lot of money — without working nearly as hard.

That’s not a hyped-up promise. That’s a guarantee based on 100+ years of evidence in the stock market.

But don’t just take my word for it.

Read the Full Article: What 11 successful people wish they’d known about money in their 20s

3 Proven Steps Anyone Can Take To Become Rich

I always laugh when I see delusional “how to become a millionaire” posts online. Especially since most of them focus on unbelievable ways to get rich.

Some of the wildest “make a ton of money” tips include

Become a pro athlete. Please don’t count on this. Not only are the odds of becoming a pro-athlete incredibly small (source), but it also requires a lifetime of practice, iteration, and dedication to improvement. And who likes sports?
Win the lottery. You already know you’ve got a better chance of being hit by a meteorite or struck by lightning than swimming in a pool of Powerball cash.
Join a multi-level marketing (MLM) business. I hate MLMs so much. It’s an industry filled with fraud and broken promises — one in which you can reasonably expect to not only be swindled, but to then swindle others, too.
These “get rich quick” schemes are just not realistic. If it were truly that simple, everyone would be wealthy.

Having said that, there are some proven, legitimate ways to get rich — over time.

In fact, I’ll give you 3 proven steps anyone can take to become rich. They do take time. But do any one of them and you’ll set yourself up for lasting success. Do all three, and you’re almost guaranteed to be rich.

1. Become an investment wizard

Investing early and often is the single best way to get rich. And the sooner you start, the easier it is to be worth a lot of money — without working nearly as hard.

That’s not a hyped-up promise. That’s a guarantee based on 100+ years of evidence in the stock market.

But don’t just take my word for it.

Read the Full Article: 3 Proven Steps Anyone Can Take To Become Rich

Getting Rich: from Zero to Hero in One Blog Post

It was only after quitting the rat race that we looked around and realized why we had become financially independent while most people, even with higher incomes, end up stuck needing to work until age 65.

For almost two years, I’ve been preaching a different brand of financial advice from what you see in the newspapers and magazines. The standard line is that life is hard and expensive, so you should keep your nose to the grindstone, clip coupons, save hard for your kids’ college educations, and save any tiny slice of your salary that remains into a 401(k) plan. And pray that nothing goes wrong in the 40 years of career work that it will take to get yourself enough savings to enjoy a brief retirement.

Mr. Money Mustache’s advice? Almost all of that is nonsense: Your current middle-class life is an Exploding Volcano of Wastefulness, and by learning to see the truth in this statement, you will easily be able to cut your expenses in half – leaving you saving half of your income. Or two thirds, or more. Sound like a fantasy? Not to readers of this blog.

What happens when you can save more of your income?

Read the Full Article: Getting Rich: from Zero to Hero in One Blog Post

5 Tips For Living Like Royalty on a Tight Budget

Pretty much every step in our life is governed by our monetary circumstances, meaning that balancing the books is a fine art.

So, where to? It all starts with budget and planning. Yes, the old ‘budgeting’, approach. No doubt we’ve all heard this method a hundred times from parents or that annoying accounting student we all know. It’s constantly mentioned for a reason; it works. It doesn’t matter if you’re earning mega benjamins or only a few, you have to look at what is coming in versus what is going out.

This helps you work out where you money is going and can then help you develop a strategy to start racking up pennies. Once you got a budget, you can then plan expenses by planning your life. You can plan a week of meals, transport, social hangs, whatever, meaning there will be no surprise costs that strike up like a jack in the box leading you to sing for extra coins at the train station.

We all have essentials and desirables. One obviously takes a bigger priority for quality of living, but here a few tips to merge those wants into your everyday hustle.

1. Eats

We all gotta eat. For your everyday life though, buy in bulk. With your grocery expenses buy for most meals of the week. Leave a few meals spare for eating out with mates and/or romantic mates. Yes, I feel ya, you’re probably thinking,”Eating out?! Isn’t that the worst? So expensive”. You’re not wrong, however don’t worry, I got you. As long as you’re not dining out everyday, there are plenty of ways to eat out on a budget.

First move, get on social media, no not to perve on hot people or watch funny cat videos, get on there and follow any local restaurants, bistros, diners, bars, if it serves food, follow it. Food businesses and eateries are always posting deals, ranging from 2 for 1’s, discount hours, special offers, events, it’s how they market and build customers, why not take advantage?

For budgeting purposes you can save bulk dimes and still enjoy the luxury of someone else cooking you up a feast.

Read the Full Article: 5 Tips For Living Like Royalty on a Tight Budget