Many people say "If you want to be rich, do not be employees any longer. Quit quickly and start to build your own business. "The question is: Is it true that working as an employee can not make you rich? The answer is: not true ...!
there are 5 tips that an employee can be rich:
1. Buy & Own Some Produktive Assets
What can be classified as Productive Assets or property which could
provide income for you? Principally, there are only four major groups Productive Assets that you can have. Those are Products of Investment, Business, Rental Assets, Intellectual Property Rights.
How to Do It?
1. Determine Productive Assets you want to have.
2. Write a Productive Assets that you want in the column on Earning Assets.
3. After getting the salary, buy some Productive Assets Immediately before you pay your other expenses
2. Manage Your Spending,
There are three things you should consider in managing expenditure.
a. Distinguish between needs and wants. Try to not having deficit because the deficit is a main problems that may happend in the future
b. Choose the first priority. Pay the debt as top priority and then insurance premiums, then the cost of living.
c. Know a good way of spending money for each post
expenditure. Learn tips to spend money wisely for each heading of expenditure.
3. Be careful with debt,
be careful of debt. If not, your salary could be gone only for pay the debt. Therefore, the things you need to know related to Tip Number 3 are :
a. Know when to owe and when it did not.
b. Know the tip how to take a debt or buying goods on credit.
c. Know the tip how to pay the debt
4. Set aside for the Future,
Prepare funds from now for pay any items of expenditure that was certainly emerge in the future. Most of us - may even include you - trapped live only for today, but forget that there are still outposts of future expenditures which must be drawn are:
a. Take a paper and write down your expenditure to prepare to future.
b. For each of these expense items, write your alternative spending.
c. Set aside a salary and bonuses from now on
Five expense items most frequently needed, are : Child Education, Pension fund, Property, Business and Vacation.
5. Protection
Three Things You Can Do to Protect Due to Risk There are:
a. Have insurance, such as life insurance, health insurance, or insurance losses. buy it from your own expense or if possible from office.
b. Have a reserve fund as a short-term protection if you lose your job and without severance pay, or if your severance pay are very small.
c. Find Other Revenue Sources beside salary if it possible pasive income and
continuously, That could be as long-term protection, just in case you quit from your job
(This article excerpted from the training materials by Safir Senduk)