I have looked back into my life and
that of others, especially what makes people meet their financial goals and
what make them commit financial suicide. What I have been able to find out of
experience is that we can speak to our finance and take action about it by
taking some very simple actions through discipline. In all, the only true
answer is that you need to get started today. The most important step, as
always, is to get started.
Following are 15 practical ways you
can follow to become richer in a year from today.
1. Eliminate
Unnecessary Phone Bills
One of the leakages of our income is
actually our phone bills. If you start keeping your phone recharge cards you
have used over time, you will make a discovery of your phone bills for each
month. My advice is that multiply all your usage and you will see what you have
wasted over the year which is avoidable.
You have to be disciplined about
this and see that you will be able to save more over the year. I have not said
you should not make calls, but you need to monitor your calls, especially social
calls. You could peg and decide how much you are spending weekly and monthly on
your phone bills and stick to it. There is no need for your being on phone for
minutes and hours with no aim. At best, you can make it brief and close
leakages. This way, you have more savings.
2. Read News Online Instead of
buying Newspapers or Magazines
Time has changed. You do not need to
start buying that newspaper or subscribe to that print news paper when you can
go online and read them even for free today.
Best of all, whatever you want to read about is online and so you do not
need to spend that money on the next newspaper.
3. Live Less on the Internet
The social media craze has come to
keep us enslaved in the 21st century. You need to understand that
you could be addicted to the internet and thus be affected mentally and
financially. Your going online cost you money. Most people keep monthly
subscription for unlimited phone or computer plans and keep subscribing for
this every other month. You could look at ways you can eliminate more expenses
on internet connection and close the leak. Never live your life on social
media. And refused to be controlled financially by your internet usage.
4. Reduce
all your living expenses by at last 10%
Every one of us knows that cutting
off completely our expenses can be very difficult. Therefore I do not advise
that you eliminate this completely. But you need to cut off your living
expenses by at least 10% across board. Some of the areas you can cut off your
10% are food, entertainment, utilities and gas. When you cut of some percentage
of your expenses, you will have the money to save more too.
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5. Start a Personal Retirement
Savings Plan
One of the best ways you can
increase your being richer in one year is to decide consciously today to open a
savings account that you will save with discipline on weekly or monthly basis
with a financial goal for a year. You will be glad you did. One secret about
this is that once you start a saving plan, you will be surprise that you will
save your way to riches.
6.
Use Public Transport
Driving is sometimes expensive.
Therefore, keeping your car and taking public transport to work will eliminate
some expenses. It will also reduce your expense on petrol and other sundry
expenses on your car usage.
7. Never
Buy on the Spur
Never shop on spur of the moment or
go for shopping spree on those small stuffs. All those stuffs are not needed
and a check right now will show you that it has been eating your supposed
savings over the years. Shop wisely only what is need and make a list before
you buy anything anywhere with a budget. When you get into a mall or grocery
store, never buy what is not on your list.
8. Open
a side business
Like it or not, you need more money
sources to be able to accumulate wealth and be richer in the next one year. If
you work, then you need to explore other ways to open a side business. This
could be a weekend or part time business or investing in a trusted person who
will run your business and this becomes a stream of income for you. Let me
state this; never despise small
beginnings, as even if you are getting just a little extra income added to your
own monthly expected income, that is just the right road map for your being
richer in your year from now.
9. Dream Big Dreams
Most of us are poor because we dream
small dreams and meet our target easily. You need to be a lofty dreamer and
meet your dreams with action. You are just equal to your thinking. Therefore
dreaming big dream will push you to the next level of riches.
The fact is that you are unstoppable
once you decide to start living a life of financial freedom. In dreaming big
financial dreams, you will need to invest in big projects and not live as a
mediocre. But in order for this to work, you have to get started, and now is as
good a time as any.
10.
Change your circle of friends
There is a way being and meeting
with negative minded people affect your life and every area of your life
including your financial life. It is often said that if you hang out with five
people who are broke, in no time, you will be the sixth broke person. Never be
infested with poverty fever of negative thinkers. Upgrade your level of friends
and start thinking like them. Move to the next level with people who are high
possibility thinkers on wealth creation and see you getting richer in a year from
now. This must be a very conscious decision.
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11.
Write down Your Financial Goal For One
year
The bible says you should write the
vision down and run with it. Once put your decision into a written plan, your
subconscious mind is triggered to register it and take action. Writing it down
and reading it on daily basis will also tell your mind that you have to achieve
it. This way, the law of attraction will play itself into your ability to get
focused on a consciously directed action. This will enable you achieve results
that are surprising to you.
You could write your goals in
several ways. Pictures, words on cards and keep them in several places you will
be seeing them on daily basis to read consciously. You could keep different
cards of your goal settings in your purse, wallet, office bags, paste them on
your door, bed Conner or even make it a jpg on your computer and phone as your
screen display.
12.
Verbalize your goal each day
Writing and pasting your goal cards is one step. But the next step that will eat deeper into your subconscious is verbalizing what you have written with positive affirmation will also remind you of your goal each day. One way to go about this is to read it aloud and meditate on it, seeing yourself achieving your financial goal by the exact date of one year from the day you start.
Writing and pasting your goal cards is one step. But the next step that will eat deeper into your subconscious is verbalizing what you have written with positive affirmation will also remind you of your goal each day. One way to go about this is to read it aloud and meditate on it, seeing yourself achieving your financial goal by the exact date of one year from the day you start.
13.
Save 10% of Your Earnings Each Month
If you are going to be successful in
wealth accumulation, then the only way to do it is to have a saving culture and
mentality. Save 10% of your monthly earning and resolve to increase the
percentage each month with a target.
Once you decide to save with a goal
and expectation, you will be able to take action and save diligently.
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Related Hot Post: 45 Ways to make your first $100, $200 online and lessons from the expert models
14.
Sell all the things you do not need again
You have a lot of money sitting in
that unused or used stuff in your home. From appliances to phones, clothes,
house equipments to electronics. You will need to sell them and convert the
money into savings. You can donate some items if you feel you don’t have to
sell them.
15.
Learn a new skill
Running your own business by
learning a new skill will give you financial freedom and make you richer in the
next one year. Even if you work now, it is important that you focus on the
future rather than now. In any society, skill acquisition is an important
aspect of financial freedom as once you have a skill you can establish a
business or work for higher income.
Exercise
Take a pen and write a list of your financial
goal today for one month, Six month, one year and even five years.
Write your plans and how you intend
to achieve the financial goal
Write your goal cards and paste in
various places.
Let me have your thought.
Write your plans on Savings Account
Openings and How you will achieve your saving goal
Write list of leakages in your
finance, including phone bills, waste at home and used stuffs in the house and
take very conscious decision on how to convert these leakages into savings.
Discuss with your spouse or partner
or who you think is important to your financial goal plans and agree with
him/her
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