If you are struggling to be Rich then it is time to change your current money making formula and embrace The Formula to Become Rich.
ave you ever wondered if there is a formula for Money that keeps people Poor, Middle Class or Rich?
Yes! There is a Simple formula that decides where you end up in life, Poor, Middle Class, or Rich.
In a few moments I will be sharing with you this formula. It has got nothing to do with your profession or how much money you make every month. You will see in a moment that there is not a big difference in the Money Making Formula used by the Middle Class and the Rich. This formula is so very powerful that it keeps Middle Class struggling month after month while it keeps making Rich Richer.
Once you know the Money Making Formula of the Rich you can immediately adapt it because the best part is that anyone wanting to leave their current financial state can do so and go on to become Rich. All they have to do is reject the formula they are following and embrace the formula followed by the Rich.
I will not say that you will become rich overnight, it will take time. And if you are not going to give yourself enough time to transform your Bank Balance then whether you like it or not, the years will pass you by and at the end of those years you will find your Bank Balance in the same or worse state as it is today.
For those of you who are committed to improving your Bank Balance and ready to take Massive Action, keep reading.
First let me share with you the Money Making Formula of the Middle Class.
Here is the Money Making Formula of the Middle Class –
INCOME minus EXPENSES equals SAVINGS
Read it again –
INCOME minus EXPENSES equals SAVINGS
This is what a Middle Class person does. The moment he gets salary he starts clearing off the monthly bills first, then he focuses on the other expenses of the month. By the end of 15 to 20 days he is left with almost nothing in hand. This ‘almost nothing’ is what he calls his savings.
This cycle repeats month after month and the Middle Class is stuck in what is popularly known as ‘The Rat Race’. He lives in the future with a hope that when next year he will get increment he will surely have enough money to save and invest. But this is never the case because his expenses expand to cover up the increased salary and he is never able to come out of his expense hole.
If today you are struggling with your money month after month then you will be able to relate to this formula.
Take a moment to look at your bank balance and think.
Are you not knowingly or unknowingly following this formula?
Now let us see what the Money Making Formula of the Rich is!
Here it is:
INCOME minus SAVINGS equals EXPENSES
This is what a Rich person does. The moment he receives his salary the first thing he does is he immediately saves a portion of it and then starts paying off his bills and other expenses.
The Rich man has understood that if he first does not focus on the Savings, his monthly expenses will expand to eat up all his salary leaving him broke or with very little savings.
The Rich go a step further with their savings. They don’t keep their savings in their bank account. They know that they might get tempted to use their savings. To avoid this they immediately invest their savings in various money making instruments. By doing this they are sending their money out into the market to work for them.
This is the biggest difference between the Rich and the Middle class – A Middle Class person first focuses on the expenses or buying new things then thinks about savings while a Rich Man first focuses on the savings then thinks about expenses based on the money he is left with.
Now it is for you decide. Look at your lifestyle – are you being rich or are you being poor?
Creating a Healthy, Happy, and Wealthy Lifestyle