The millionaire lifestyle is one of the best living standards every human would aspire to achieve, well; the millionaire lifestyle may require both liquid investment and solid investment combined together to make smooth running of the legacy. Here are some few highlights that one would consider towards entering the game;
1:Partnership in business
Partnership in the business involves sharing of business risk,investment and profits, this will minimise you from excessive pressure on business financial goals and business challenges,therefore one will have less time and energy on a particular business.
2:Living below your lifestyle means and financial status.
Lifestyle is a behavioural culture of someone towards wants and needs,living below your means will result in automated saving culture that may increase your credit score and improve your investment platform. This doesn’t mean you go without food, it simply means having control over your needs and wants.
3:Diversification of streams of income.
Many people do well in business, only that they put all of their problems and financial burdens in one or a particular business. This include not able to have a planning structure that may give room for other daily obligations within your daily time frame. Diversification limits chances of running dry in your pocket since you do multiple of business that may require less energy but high consistancy.
4:Investment in long term and short term goals.
Investing is putting your asset or money to work with the aim of making returns, long term investment may include registration to a sacco,this is taking so little from you for a longer period of time while short term investment may lead to quicker profit goals.
5:Proper management of wealth.
Any means of making a living may be considered a wealth. When wealth is looked after,it results in minimal chances of disposing it at a lower cost or with the reason of not able to make it stand and run alone.
6:Sober spending habit.
Many people buy things they don’t want even for other people at the moments they didn’t want,this is considered financial indiscipline since it alters your daily expenditure therefore less chances of making even a cent.
7:Flexibility to the changing fortunes of time.
In Desiderata poem by Max Ehrmann, he talks about humility as the shield to the changing fortunes of time, yes we are part of the universe and the world is unfolding as it is,therefore being flexible may help in one adjustment of challenges and obligations in achieving freedom goal.
8:Improvement of social intimacy.
Social intimacy is one’s relationship towards the other,including spouse, friends and even relatives,it reflects self improvement towards physical health,emotional health and spiritual health which is considered the Paramount denominator.
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