Wondering what wealth really is? Here’s a look at how Robert Kiyosaki, author of one of the best-selling financial success books, “Rick Dad, Poor Dad”, defines wealth.
What is wealth? It really depends on who you ask.
Some people say it’s a dollar amount, others insist it’s being able to afford the necessities in life, and still others swear that true wealth has nothing to do with money whatsoever.
Robert Kiyosaki, multimillionaire and author of personal finance classic “Rich Dad, Poor Dad,” has his own outlook.
In his newest book, “Second Chance: For Your Money, Your Life, And Our World,” he defines wealth as freedom from work.
– via Business Insider
It can be hard to find financial success these days. You try and you push and you work your hardest, but it still doesn’t seem like enough. So, what do you do? Here’s some financial success advice from money experts that will help you get out of the hole and discover wealth and prosperity!
If you’re simply trying to save more money next year, don’t forget the basics. “It all comes down to spending less and saving more,” says Coupons.com’s savings expert Jeanette Pavini.
But that doesn’t mean you have to cut your expenses in half or live like a miser to be successful.
“It’s not just the big savings that matter,” Pavini says. “Change your mindset and realize that no savings is too small; they all add up.”
– Jeanette Pavini
When we asked renowned personal finance expert Dave Ramsey his advice for Americans heading into 2015, you might not be surprised to learn it was simply, “Get out of debt.”
The foundation to Ramsey’s personal finance philosophy, living debt-free is the only way you can be financially successful, he says.
Make it a priority to pay down outstanding debt in 2015, so you can start with a clean slate and stop giving away money to interest charges.
– Dave Ramsey
Regardless what you want to accomplish financially, Rachel Cruze, daughter of Dave Ramsey and successful personal finance expert in her own right, says it all comes down to being intentional with your money.
“That means creating a budget so you know where your money is going,” she explains. “This will help you avoid debt, pay off existing debt and save for the future.”
– Rachel Cruze
“This isn’t novel advice, but many Americans don’t follow it,” says Cameron Huddleston, personal finance journalist and contributing editor for Kiplinger.com.
“Be as specific (and realistic) as possible when setting your financial goals. Let’s say you want to buy a house. Don’t give yourself the vague goal of saving up for a down payment. Instead, commit to saving, say, $250 a month, which you can achieve by cutting expenses.
Transfer the money you save every month from your checking account to your savings account until you reach your desired down payment.”
– Cameron Huddleston
Josh Felber, one of the country’s leading entrepreneurs and business success coaches, recommends making your brand omnipresent, whether you’re a business owner or individual.
“Can you imagine how much financial success you would have if you, your brand and your company could be everywhere all the time?” he asks.
“A great example is Donald Trump or Mark Cuban. You may or may not like them, but you know who they are and they both dominate their perspective areas.”
– Josh Felber
– via US News & World Report
What does financial success mean to you?