Tuesday, 2nd December 2008

The practical way to riches, part 6

Written by George Traganidas Topics: Habits, Personal Finance

This is the last post of this series. By now you must have a very clear idea of the practical way to riches. I have shared with you practical ideas that I have learned over the years. Most of the richest people in the world have followed the exact same ideas to build their wealth. What surprises me is that many people are failing to follow these simple steps and they are struggling so much today.

Today I will share with you the last idea. You might not realize the benefit of this one in the beginning and you might not even understand why this is important. I would recommend that you just look around you and decide if it is something that makes sense and you want to do as well. This is something that I did unconsciously some years ago and now I am happy I did it.

Habit 6 – Own your own property

You need to be the owner of your own property. You must own the house or flat that you live in. This will put you in the top elite of the world that are home owners. I know that you might think that this is no big deal. Many people are home owners today. That is true, but it is crucial to be one. The first benefit that you will realize from owning the property you live in is an internal one. It will change your psychology. You will feel better and feel that you are achieving things in life.

The second benefit is that you will be the captain of your own ship. You will own your own place and you will not be in danger of getting kicked out. In addition, you will not have to pay rent every month and that means that you will have more money to invest, save and enjoy.

I hope that this series of posts has been helpful and it has given you some practical ideas to put to use today. Have fun in the process and I will see you at the finishing line.

Follow the practical way,
George

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