In fact, people like this are considered intellectuals. They are always the first to discover and seize business opportunities in a timely manner. Many people never find a way to make money; instead of saying they miss out on business opportunities, it would be better to say they are not smart enough. In fact, intelligence is often a great weapon for making money; at some point, your brain may suddenly light up, and you immediately find a good opportunity to make money for yourself. I would like to share with everyone a few tips on making money with intelligence, even when you have no money in your pocket.
The first money-making intelligence - Accumulate at a ratio of 1 to 10.
Careers and jobs are ways to help us earn money, and each way of making money is a method of creating a cash flow. Therefore, everyone who works can transfer money into their own pockets, and that flow can be large or small depending on that person's working ability. If every morning you put 10 eggs in a basket, by the afternoon you only take out 9 eggs. After a while, the basket will be full of eggs; to be more specific, every time you put in 10 coins, you should only take out 9 coins to spend.
Over time, your savings will be like the basket of eggs, filled with golden coins. Don't mock what I just said because you think it's too simple, as I mentioned. I'm just passing on to you the methods that helped me get rich, and this is how I started to build wealth for myself. I seriously practice saving one-tenth of the money in my pocket and find that my money gradually increases. If you do the same, I assure you that your wallet will also swell.
The second money-making intelligence - Control your spending.
Different professions yield different incomes; some people earn double or triple the income of others each month. But why do everyone's wallets still end up flat? Have you ever wondered about what we often call necessary expenses in daily life? Don't confuse necessary expenses with all expenditures based on personal preferences. In fact, you and other family members often want to buy things you like, not just what is necessary for life, and these expenses can exceed your ability to pay.
I can assure you that you can hardly meet all your desires; with the wealth of rich people, do you think they can buy everything they want? That is a misconception; they still have some limitations that money cannot help with. As I understand, human desires are very infinite, and we can only meet some of our desires. From my experience, you should list the items you intend to buy on a piece of paper, then select a few necessary items for life that fit your nine-tenths of money. For many items based on preferences, you should boldly cross them out and see them as thousands of other things you cannot fulfill for yourself. Planning your small management from now on will help you meet necessary needs, enjoy joys in life, fulfill legitimate desires, and ensure a sufficient life in the future.
The third money-making intelligence - How to make money profitable.
To keep your wallet always full, everyone needs to seriously save one-tenth of the money earned, and then control their small management to ensure that more money is put in than taken out. Today, you will consider methods to make your money profitable. If left idle in your pocket, money cannot generate profit. So how can you make money profitable? Here’s a simple example. If you deposit 100 million in the bank at an interest rate of 6 percent per year. After 1 year, you will have 106 million; after 2 years, you will have about 112,300,000.
After 3 years, you will have 119 million. So, it’s not that after 3 years you have 18 million, but 19 million, meaning the principal will save the interest. What I mean here is that every single coin will act like a hardworking slave for you, and then their descendants will also work for you, causing your money to continuously increase. Your assets will also grow stronger.
The fourth money-making intelligence - Protect your assets.
Once you have money, everyone must know how to carefully protect it; otherwise, it will quickly slip away due to your temporary desires. First, you must learn to protect small amounts of money before you can keep larger sums. From my experience, before starting any job, you should carefully research that job, and always remember that every decision requires safety for your capital. Don’t let temporary desires or the urge to get rich quickly cloud your judgment, as this brings a very high risk.
Before lending your assets to anyone, you must consider whether that person can repay you; you must assess their credibility, income ability, and job to ensure safety. When deciding to invest, you must anticipate potential risks and how to address them appropriately. Protect and grow your assets by investing in safe, reliable places with the highest possible interest rates. You should consult experienced individuals and trust their advice so that your money can generate the most profit. Let their advice protect your treasure, avoiding the risk of losing capital or not earning profits due to poor investments. This is a very important mindset in wealth creation. For business investments, this method helps you grow your money instead of risking total loss.
The fifth money-making intelligence - Determination to own a home.
If you allocate nine-tenths of your earned money for life’s needs and save the remaining part, that is the smartest investment to ensure a stable income in the future. In my opinion, those who lend money often have a kind heart, but who doesn’t want to have their own home and land? You can borrow money or use your savings to build a house. At that time, your whole family can live happily in your own home; wives can grow fruits and vegetables to improve meals, and your children can play in clean and safe places.
Then you can work peacefully to pay off the debt over time, whether it’s 2 years, 4 years, or 10 years; this is similar to paying monthly rent. But from now on, your life has entered a new, better phase because you own a valuable asset and have full rights over the house. Once you have a home, you can reduce some trivial expenses, making your earnings more abundant and allowing you to meet other needs, contributing to an improved standard of living.
The sixth money-making intelligence - Ensure long-term income.
It is each person's responsibility to prepare a necessary asset for when you grow old. This is not only to support yourself when you enjoy old age but also to provide for family members when you can no longer work. This is the next lesson to ensure long-term income when time and strength do not allow you to continue working. Anyone who understands the rules of wealth creation and has acquired some assets should think about this. You must plan investments or undertake jobs that can ensure long-term stability for the future.
If your spare money is divided into 10 parts, set aside 2 parts to save in the bank or buy gold as a backup in case of emergencies. Allocate 3 parts to invest in business with friends or relatives. For the remaining 5 parts, if possible, buy a small piece of land in the countryside or on the outskirts of the city, or buy stocks if you are knowledgeable. Investing in business is correct, but never put all your money into a business project that you think is new or uncertain. Otherwise, you might lose everything.
The seventh money-making intelligence - Enhance your earning ability.
We often wish to be wealthy, but we do not realize that being in a state of poverty and wanting to be rich immediately is just an illusion. However, if you wish to have 1 billion, that is a clear, specific goal within your reach. This is a strong motivation that drives you to achieve it, and then nothing can stop you and similar methods as you did to earn your first billion. Continue to earn 2 billion, 10 billion, 20 billion. Thus, it is evident that you can become wealthy, but in whatever you do, you must always seek to learn and enhance your professional skills.
If you are a craftsman, you must learn new methods and how to use new tools to improve your skills. If you work in law or a hospital, you should consult or exchange ideas with colleagues to enhance your knowledge. Or if you are a businessman, you must frequently travel to various places to find the best goods and sell them at lower prices.