Why rich people don’t save money

Why rich people don’t save money

Since my childhood my parents teach me one thing if you want be something then always save money and I believe them because they are my parents and they know the world and from 11^th class (2013)  I always trying to save money when I was in 11^th class my mother always give me 20 rupees for school 10 rupees for bus ticket 10 for lunch but usually I don’t eat lunch for save 10 rupees and I lose my 2 kg weight also for saving 10 rupees per day i put my money in piggy bank.

I did that regularly more than 2 month sometimes I don’t even take bus ticket for save more. After 2 month on my birthday I decided to broke my piggy bank and I was dreaming like I will buy nice clothes, shoes for me and I will do party with my friends and many more thing.

When I broke my piggy bank at same time I broke my heart and dreams also because the whole money was just 560 rupees in that money I can’t even buy one nice shoe for me and I was getting cry about how I will do party for my birthday and as usual I didn’t celebrate my birthday.

That day I realize saving is just waste of time if you only save money then you will just going to survive your life with 3 time food only. You cannot buy good cloths good house or even you cannot educate your child as you want because you don’t have money for public school fees. Your children also live as you same because you also teach them about save money.

“Do not save what is left after spending, but spend what is left after saving.” – Warren Buffet

Which things every rich person buy

rich people buy one thing and that is ASSETS what kind of asset? They buy income producing assets. It could be real estate, apartment building, company and poor people buy liabilities if you will read Robert kiyosaki book rich dad poor dad then you can understand the power of assets.

Assets means any investment there would put money in your pocket it will call assets, assets give you money while you are sleeping.  You can do many think for making asset  if you have your own house then you can give extra rooms on rent I know you are thinking how it make me rich but it can help you invest your rental money to make your other assets.

Liabilities means it is take money away from you every time It will just burn your money all the time while you are sleeping or you are not using it in every condition.

Rich people buy assets first and assets buy their luxury’s they focus on asset to make more money for them other side middle class people buy car house and they thing their house is there asset.

Rich people always buy nice things but the difference is they buy first asset they invest first and then they buy liabilities they never use their own money their assets buy their luxury

.

Poor or middle class people buy liabilities they buy everything by their own money. Understand the meaning of my words if you don’t have any assets what happen when you don’t do any job or you suffer with some medical problem then how you will manage your bill your family basic need think about it.

Rich people buy time and poor people sell time

This is the biggest difference between rich and poor they buy time they know the value of time poor people paid by time. Poor people get money by monthly, weekly.

Rich people buy time because they know they can’t replace time. They hire those people who save their time.  Think about that you watch the movie and you burned you 500 rupees so is that good I’m not saying don't  watch movies but make your assets first then do whatever you want to do.

Convert savings in to wealth

Warren Buffett he is the money man of the world in his book someone ask him what is the biggest 

money mistakes which every person do in his life?

He said every person wants big car big house and expensive clothes for showoff but they don’t do anything which take close to their dream. People don’t understand the rule of saving money they save money and after some time they buy expensive thing and again they feel empty. People like borrowed money for new phone, new TV, new vehicle and many more things to show off their neighbor but the right way to become wealthy is when you save money you will lose it.

 You just have start investing from tomorrow because it’s better to say next time sometime you make less profit and some time more or some you face loss these three are the faces of investing.

“Stop buying things you don’t need, to impress people you don’t even like.” – Suze Orman

Rich people believe in invest

  Every rich person never believes in savings they believe in investing money. World top five richest people are self made billionaire and they always say invest everything which you have your time, your energy, your focus, then you can be rich without investing you can’t being anything, in this world you never achieve something big without investing.

Every person thinks investing means money investment but before invest money you have to invest your energy your time then you invest your money if you want be wealthy or rich you have to invest you everything. The right way to become wealthy or rich is when you save money don’t keep it you need to invest it before you will lose it. You just have start investing from tomorrow because it’s better than next time sometime you make less profit and some time more.

You can invest anywhere it’s all upon you where is your interest. Start with small amount and increase it by time

 First year of starting investment that is your learning time you invest you focus and your energy to understand that how all it works. You just need one start kick and then you will see the difference in your future life because when you invest and earn then defiantly you will teach your children all of experience about investing and may be you and your family invest together and become next billionaire

 Don’t waste your seconds 

If you are salaried person then you should start your side business online take your time you just need to start it and give your one hour every day just one hour don’t think about money just do it for make yourself better and decide you will dedicate your 6 month to this business and you will give your one hours every day.

When you start with one hour and when you see the results of your 2 to 3 months dedication and hard work then automatically you will give more hours to improve your work I know sometime you feel it’s not working I don’t want do it but keep running it at that time think about which kind of life you want live don’t you want any changes in your life then I’m sure you never stop it

We all have one life dear do you want live it or leave it 

‘Don’t think about jealous people by your expenses

Inspired them by you success’