we all want to be rich right who wouldn't want to take their dream vacations any time of the year
or in a couple of mansions in the most exotic locations in the world being able to control
your money and not have your money control you is everyone's dream today we share with you a couple
of rules that will make you a millionaire these rules are real and will work why do we know this
it's because this advice came from different millionaires from all over the world so we're
not making them up make sure you watch until the end if you really want to join the Millionaire's
Club right before we begin are you subscribed to our channel if not what are you waiting for
we have educated content every other day hit the subscribe button and the Bell notification right
away so you don't miss out now let's begin shall we 10 never live beyond your means Shark Tank star
and millionaire investor Mark Cuban swears by this rule almost every time he's asked to give
out advice on how to get rich he shares with his audience the importance of living within
your means he says never spend what you can't afford even if it means living like a student
and he makes so much sense let's look at it this way if you earn fifteen hundred dollars a month
and your monthly expenses amount to eighteen hundred dollars a month you'll be losing about
three hundred dollars a month since this three hundred dollars isn't coming from your paycheck
it's definitely being financed by your bank via your credit card you'll be losing three
thousand six hundred dollars yearly in ten years if you don't change your ways you'll end up with
thousands of dollars in debt now let's say you take Mark Cuban's advice if you earn fifteen
hundred dollars and only spend twelve hundred dollars a month you'll have three hundred dollars
every month at your disposal in ten years if you invest the money wisely there is no way you won't
be rich 9 have enough saved up to pay bills so many people will give you advice on how to get
rich in fact let's not even go far I bet you can see a couple of other money-making video
suggestions made by other youtubers right now it's okay to listen but don't take it as Holy
Grail the best advice comes from people who have been there they say learn from people's mistakes
so you don't make your own who better to talk about money than Bethany Franklin she was broke
with about two hundred thousand dollars in credit card debt with where she started the
Skinnygirl Empire the Real Housewives star is ever so passionate about advising people on
money matters you will constantly find her telling people to save enough money that can cover your
bills in case of an emergency she also says that before you take a loan or buy anything with your
credit card make sure you have a similar amount of money saved up somewhere or stashed away in
an investment and I think this advice is gold 8 cut out impulse purchases completely with a net
worth of 20 million dollars sarah michelle gellar must have some great money tips to share with the
rest of us peasants with all that money believe it or not she never buys anything on impulse she even
says she can stare at a jacket in a store she really wants for days before making a purchase
we're not telling you to do exactly what she does but create some limits and build that discipline
muscle just because you like something or want it it doesn't mean you need it let's be honest how
many times have we bought things on impulse then end up never using them just take a look at your
house and you'll probably find lots of products that you never really is 7 invest in what you
know actor venture capitalists and entrepreneurs in Kuchar advises people to only invest in what
they're familiar with he says he's made most of his two hundred million dollar net worth by only
putting his money in industries he's familiar with for instance if you love wine and drink
it all the time and you often go to wine events and you can easily differentiate between premium
and cheap wine and let's see also know a lot about the wine industry or could learn then investing in
wine is something you should do also if you want to start a business start one whose operations
you're familiar with for example if you've worked as a banker for 10 years you can start your own
personal finance consultancy business if you've worked as a marketer in an e-commerce store then
you must understand the lingo of the industry and can comfortably start up your own agency
only put your money time and effort into what you're familiar with 6 use public transportation
and ride-sharing services you wouldn't expect a millionaire worth 400 million dollars to use
lyft or uber right well kevin o'leary does and he swears by this rule he believes buying or
leasing a car is a waste of money he says cars are heavy investments and calls them
money thirsty vampires that will suck money out of your account when you look at the maintenance
insurance and parking costs it all makes sense to make it even worse they don't appreciate in value
well unless you have a rare vintage masterpiece mr. wonderful sure does practice what he preaches
when his last lease ended he returned his car back to the dealership and didn't leave with a
new one now that's a boss move five invest wisely sounds obvious right but is it do you know where
to invest your savings to get decent returns well tony robbins who is a master wealth of 500 million
dollars sure does the New York Times bestselling author says compound interest is perhaps the most
powerful tool in your investment arsenal he's made a lot of money selling books and his shows
and talks but most of his wealth comes from his investment decisions he further recommends putting
aside part of your income however little into an interest earning investment some of the options
he suggests include high-yield savings accounts index funds or even stocks you can search for
the options that have the highest interest rate return and stash your money there never doubt the
power of compound interest or get a job you love this piece of advice came from the one and only
Oprah Winfrey she doesn't need any introduction we all know she's loaded and she's not just rich
but wealthy plus she's also adored by all on her website she gives loads of advice on different
topics including money she attributes her massive fortune to choosing the right career path before
working in a radio station she was a babysitter in a store employee when she got her dream job it
stopped being about how much money she could make but how she can be better in her career
she had a weekly salary of a hundred dollars at the age of 17 from a radio show but she said she
would have been comfortable without being paid as she loved it so much I bet you're wondering
how this will make you a millionaire well if you love your job you'll strive to be the best in it
and people will notice you this will create room for more opportunities which could end up turning
your career path into a massive business as in Oprah's case three saving I know by now you've
learned a lot about millionaires and how they handle their wealth just because you have a
lot of money doesn't mean you have to splurge it everywhere Suze Orman and author financial advisor
motivational speaker and TV host stands by saving as much money as possible she wants everyone to
get as much pleasure out of saving as you do from spending this outstanding woman with a self-made
net worth of 35 million believes the secret to saving more is to shift your mentality from saving
being a downer to a great feeling Orman says the despite being seriously rich she enjoys saving
money by using coupons instead of thinking when can I start enjoying my saved money ask yourself
when do I start enjoying the saving process if you build that muscle then you'll end up not caring
about saving money anymore to ask for help Spike Lee says never be afraid to ask for money for your
project or business the American film producer writer oscar-nominated director and author worth
40 million dollars says asking for financial help should never be a shameful thing if you're truly
passionate about an idea but don't have the money to fund it just ask your friends family or even
pitch it to strangers if it's worked for Spike Lee it'll probably work for you too he says he's never
afraid to ask for money to fund movies he believes in he also says never be deterred when someone
tells you no as it only takes one yes to take you to the next level 1 invest long-term of course we
can't talk about how to become a millionaire without mentioning Warren Buffett one of the
richest men in the world today he's currently the third richest man according to Forbes the most
fascinating fact about him is he is 100% self-made the billionaire investor who is worth 82 billion
dollars with of B beliefs investments should be long-term he isn't a proponent of active short
term stock trading he says the best way to build real wealth is to own portions of outstanding
businesses with great management systems he gave this advice back in 1988 and since then he has
stuck to it he believes instead of hurrying to sell and make that quick buck be patient
and he will make real profit with companies that perform well in the long term his advice is great
because it's easy to replicate and doesn't need specialized skills and short-term trading needs
anyone can buy stock of any company and monitor the price changes today this can be done easily
on your mobile phone using apps opportunities are endless if you follow the advice here you
will become a millionaire all these are wise words from the best in the world before we in the video
we have one more tip that will certainly lead you on the right path to making millions know where
your money goes if you're one of those people who don't understand where your money went right
after receiving a paycheck then pay attention you need to start making budgets cutting your costs by
identifying the cheaper alternatives and start being disciplined even if you'll have to create
separate accounts to handle bills and concurrent expenses start today once you have a budget for
all your expenses make sure you set aside some of your income for savings a great way to do
this is by automating saving so that the figure is deducted once it hits your account having a clear
understanding of where your money goes is one of the most important steps to building wealth
so in summary one never live beyond your means to have enough saved up to pay bills 3 cut out
impulse purchases completely or invest in what you know 5 use public transportation and ride-sharing
services 6 invest wisely 7 get a job you love 8 ask for help 9 invest long term and finally
10 and know where your money goes that's it for today guys thanks so much for watching
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