28.09.2021

Money "comes" to us through skills (5 skills that will make you a rich person)

Millions of children go to school, then go on to study, get good grades there-but, alas, they enter adulthood without the skills that can make them truly successful. Does this surprise you? Me not at all!Because educational institutions do not develop the types of skills that lead to rapid career growth and financial well-being in their students.In this article, we will briefly analyze the main features of skills that are guaranteed to make you a successful and successful person:1) Ability to manage resources Time, money, health, etc.It is extremely important to be able to manage all this:plan for future expenses and carefully analyze all expenses, to determine whether you need a loan or not;plan for the development of your profession and ensure its timely completion;make a good habit of saving 10-20% of each income earned;have a strong "financial cushion" and be sure to use it for investment.2) Ability to protect and increase your capital It has long been no secret that rich people are not the ones who know how to handle money correctly.They are the ones who "know how" and are able to protect their money from various sources.This includes:state and local taxes paid (protecting the interests of the owner of the real estate, etc.);compound interest, a so-called "securities"man, etc. dividend yield;tax benefits (especially for investors, etc.);investment income (including rental income);tax deductions (for ordinary income, etc.);a person's ability to transfer their capital between different accounts;investment income (including income from investing money).3) Ability to earn a lot of money Money should bring pleasure, excitement, and a sense of achievement. It should not be thought of as a " drain" or a " sink " into the person's pocket.The main thing here is to be able to consistently and quickly generate a pile of money. It is important to understand that the earlier you start investing, the greater the amount of capital you will be able to start generating regularly. generate income.Executive SUMMARY:To make money in the financial markets, you should start investing.To do this, you should invest 10-20% of each income you receive. interest on each monthly salary you receive.And to make money in the stock market, you should buy large amounts of shares of index mutual Funds and ETFs every month. 1) Read my article " Where NOT to invest money? TOP 3 most dangerous places for money". 2) Read my article "what skills you need to become rich".