16 Surprising Money-Making Secrets Wealthy People Don’t Want You to Know
1. Start a budget sheet.
* Track all your expenses into various categories, and track *ALL* of them. Yes even that $1.50 candy bar. Track it all
* This will tell you where your money is going
2. Reallocate your spending habits
* Set “caps” on your budgetary categories. Like “Only $200/mo on entertainment” and stick to it.
3. Pay yourself first
* Put money into your investment accounts *FIRST*, then spend on luxuries.
>Do not save what is left after spending.
Spend what is left after saving.
[Also all hail the chart](https://i.imgur.com/lSoUQr2.png)
If the chart looks low-rez, you’re probably on mobile and “conserving bandwidth”. Try asking for the desktop version.
I’m not super rich by any means, but I’m well off. Everyone knows that you can do well by going into business or finance, tech, medicine, and law, but people seem not to realize that *teaching* those things can be pretty lucrative as well. Being a professor in a professional school like law or medicine is a very sweet deal. It’s hard to make under 150k in the US doing those things, and top earners – usually in med schools – are bringing in 500k from salary alone.
When you’re making money pretend like you’re not. All you gotta do is save for a few years. Then you do whatever makes you happy for a business. It takes just a few years of living broke while making money. It’s a grind but years down the road it will feel like it went by fast.
Have a wealth strategy:
The hardest path is having a job/career where you are just renting your time to someone else. This is most salaried corporate jobs and hourly pay jobs. To become wealthy doing this long term, you need to rent yourself at a pretty high pay rate and live well below your means for a long, long time, saving and investing well.
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