Crucial Secret to Wealth Building – Get Rich Without Winning the Lottery

By in Automatic Saving, Money Management, Saving, Tips | 9 comments

Sneak Preview from “How to Get Rich; Wealth Building Guide for the Financially Illiterate”

How to Get Rich; Without Winning the Lottery” available from Amazon

As a girl, at homework time, I procrastinated and avoided. My homework was too overwhelming, so I put it off. Locked in my room, I read, snacked, and talked on the phone. By nighttime, I was tired so I went to bed only to arise at 5:00 am and slap together some semblance of homework. Needless to say, this approach failed. I was stressed and miserable. There had to be a better way. Clearly, avoiding unpleasant tasks does not work out.

make money step by step

make money step by step

In the same way, running from debt or looking at your credit card statements, makes you feel awful. There is a better way.

Over time, I learned to break down my homework into small tasks and focus on one segment at a time.

This strategy calmed my anxiety and to this day, this singular habit allows me to be quite productive. I subsequently went on to finish college and obtain two masters degrees.

Go From Money Procrastinator to Achiever

Poor money habits are similar to my excessive procrastination. The more you practice them, the worse your money management becomes and the worse you feel. The shift from procrastinator to achiever didn’t happen overnight, but over time. This Guide steps you through small money solutions bit by bit.

Take one small step at a time towards smart money behavior. In the end, you’ll form the habits for sound money management and eradicate financial stress.

How to Get Rich breaks down the wealth building strategies and instructs how to:

Get rid of debt systematically and quickly.

• Have cash for emergencies, vacations, down payment for a home, and retirement.

• Spend smart on stuff you really want and squeeze the most out of every dollar.

• Buy the smallest amount of insurance at the cheapest price, to keep you covered.

• Make more money from the cash you invest.

Contribute the max to your 401(k).

Read about other folks like you who are living great and how they do it. Don’t worry, even if you lack good money models or dislike numbers, How to Get Rich will be your guide to smart money management.

You do not need to know the ins and out of credit card interest rates. Who cares if the Dow went up or down? Just be aware that when you don’t pay your credit card balance off every month in full, you are throwing away lots of money. Not just a few dollars but thousands. That’s the difference between being rich or poor!

Read the book fast, in a few short sittings. You’ll be finished in no time. Skip over the sections that do not apply to you. There is no way out, to achieve financial success, you must learn personal finance. How to Get Rich teaches you how to set up the systems to build lifelong wealth. There is no jargon or complicated investing scenarios; take in only essential financial rudiments.

Start today, implement the simple and quick money strategies and get on with your life!

Get money smart now, so that you do not spend your life worrying about whether you have enough money to pay the bills, have fun, save, and live a life free of money stress.

Do You Need Money Help?

I want to help you learn the money tricks and strategies that work. That’s why I started this website and why I wrote the book. I used to wonder why successful folks didn’t just sit back and enjoy their success. And trust me, some days I do wonder, why am I working so hard. I really do not need to! But, I deeply want to give back. I can instruct you in wealth building by translating my experience, education, and practice into step by step strategies.

The Best Money Tip to long term wealth is not rocket science.

Free Money Tip

Practice this one habit and you are on your way towards a wealthy life.

Transfer a small amount of money every pay period into a retirement or investment account. Visit your work personnel office to have the funds transferrred. Invest as much as you can to start. You’re going to be surprised because after a few weeks you won’t miss the money. In a few months, boost the savings by $30 per period. Guess what? You’re not going to miss the extra $30 either. Every three months, increase the amount by a few bucks and before you know it, your savings will multiply.

Once you have the savings deducted, you are on your way towards building wealth.

Read How to Get Rich; Without Winning the Lottery and you’ll be on your way to a wealthy life.

What is your wealth building strategy? What money topic are you most interested in?

image credit; em fast income dot com_google images

    9 Comments

  1. Good post Barb! We love automatic transfers as they’re easy and all the work is done for you. If we did not do that it would be just as easy to find some excuse as to why we “couldn’t” save/invest the money. We didn’t believe it at first, but you really do not miss that money once it’s automatically transferred over.

    John S @ Frugal Rules

    January 25, 2013

  2. @John-Sometimes we think getting rich is complicated and superbly difficult. This one step is enough to put you on the path to becoming wealthy. THanks for weighing in.

    Barb

    January 25, 2013

  3. Saving and investing helped me achieve my dreams. In the early 70s, I started using a payroll deduction for savings and still do! It is automatic and I have preset the investment choices.

    krantcents

    January 25, 2013

  4. Hi Kranct, I hope your comments serve to inspire others to do the same!

    BARBARA FRIEDBERG

    January 25, 2013

  5. As someone who is just starting the “care about my finances” stage, this strategy is helpful. I have started with enrolling in online banking, making a list of our debt, and creating goals. Now knocking things down one step at a time:)

    Jules@Fat Guy,Skinny Wallet

    January 28, 2013

  6. @Jules-Awesome start!! YOu are well on your way. Thanks for writing in.

    Barb

    January 28, 2013

  7. I have leveraged dividend investment as my secret way to not only get wealthy but build up a great passive income stream. The secret is really focussing on companies with dividend growth. As the dividend grows, there is an interest on the part of investors to want a piece of that growing income stream, hence pushing up the stock price. This cycle repeats itself year after year as dividends increase. My goal is to try and amass $50k/yr in dividends in 5 years time, and let these grow over time.

    Integrator

    January 29, 2013

  8. Hi Integrator, You can’t forget to stay on top of the strength of the company’s sales, earnings, industry and competitive landscape. Dividends are fine as long as the company is growing and succeeding. On the flip side, if the share price declines significantly, the dividend will fall as well and your total return will decline as well.

    Barb

    January 29, 2013

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