How to Become Rich before 30 Years
It is a dream of every young
person today to be rich as early as possible.
We all work hard, hustle and
struggle in our day to day activities with one goal – to be rich, wealthy or
have enough to cater for our daily expenses.
Everybody wants to be rich
– that’s is a fact, the same way everyone wishes to have a life where he/she
does not worry so much about paying his bills.
For the young people aspiring
to get rich, here are some of the basic tips that can help you achieve your
goal while still in your 30’s;
Increase your income
The very first step towards
being rich is to have the capital to fund your investments that will compound your
money. There are many ways in which you can get this money – of cos, we’re
talking about legal ways.
In this digital era, you can earn
money online and increase your income that will propel you to richness while
you’re still young.
There are many online jobs you
can do, including signing up to the Fnfcom, an online airtime distribution
system.
Plan to invest
The language of saving money is
fast being forgotten as times changes. Saving money is a good start – but it
should be a short-term proposition. Save money while looking for the next investment,
then invest the money you have been saving.
At Fnfcom, we have a beginner’s investment plan which is designed to help you learn how to become an online
investor – as a beginner.
We pay Ksh14,500 per share
after 90 days. Each share costs Ksh7,000.
Do away with debts
Many youths today have a
problem with debts. From Okoa Data, Okoa Airtime to mobile loans – where it has
become a cycle for someone to take one loan to repay another loan.
This kind of lifestyle – where you
depend on loans, will not help you, in fact, it derails your aspirations to
become rich.
Also Read: How to Make Ksh4,500 Daily Online
As a young man, learn to live within your means. Avoid taking loans and if it is a challenge, join Fnfcom’s online airtime distribution system designed to address this challenge.
Earn between Ksh4,500 to
Ksh18,000 daily or weekly by opening an account at Fnfcom, activating it with
Ksh1,450 and start referring people to the system to earn online money.
Manage your money
You can only grow your money
into millions or even billions if you know where it is and where it is going
out to.
Clearly knowing your financial
status, incomes and expense makes it easier to save – remember you are saving as
you look for your next investment, not saving to save.
Also Read: Reasons Why You Need To StartInvesting Early As a Youth
Follow the 50/20/30 budget rule
50/20/30 is a budget rule that
Senator Elizabeth Warren popularized in her book titled ‘All Your Worth’.
This rule basically means in every paycheck, spend 50% on essentials like rent and food, save (in this case
invest) 20% and the remaining 30% use it on buying airtime, clothes and other
things you will feel necessary for your lifestyle.
Be Committed
Nothing will come in a silver
platter. You will not be rich or a millionaire just like that, you will have to
work for it.
To achieve that goal, you need
to show commitment to engaging in best financial practices.
It takes time to build an
empire, so it is to accumulate that money to reach a point you say you’re rich.
Commitment and patient are the two things that will define your future, in this
journey to being rich.
Written By Joshua Cheloti
Joshua Cheloti is a digital journalist and an experienced content creator with demonstrated writing skills on a variety of topics ranging from digital investments, business and technology.
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