4 Secrets of Becoming Rich

Money management skills will determine whether a person is financially successful and become wealthy so or not. Still, these skills can be learned and requires very consistency.

Valentino Dinsi, SE, MM, MBA, founder of the Muslim COACH mentioned, only one percent of people in the world which controls 50 percent of money in circulation, and five percent of people in the world who control 90 percent of the money supply. This is tantamount to increasing number of people who fight for less money.

So how about the small percentage of people in the world manage their money and financial success and become rich because of it?

1. Do not rely on one source of incomeBeing rich in the same work harder and draw more money.Relying on one source of income would not be enough to increase revenue. So, how to get rich is to seek a second or third source of income. You can find additional revenue with skills or hobbies that are owned and can be done from home.As a freelance author and do it after work. Or other expertise that is different from your current job.

2. Accumulated assetsMore and more of your assets, the greater the value of your property. Start investing. Buying land, a franchise business that is easy and demand in the market, or other forms of investment. Of course you need to increase knowledge about investing, including risks. By studying the types and risk investment, you can earn extra income while accumulating your assets.

3. Apply the theory of "compounding"As quoted www.dowtheoryletters.com in Irwin Shaw's book entitled Rich Man, Poor Man mentioned, compounding the first rule for making money and becoming the way to rich. This path implies, you must be persistent in trying to make money.You also need the intelligence to remain to work (which generate money for). This means you need to understand exactly what you are doing and why you do the work. Also compounding means you also need to have knowledge of mathematics to be able to calculate the income you have and manage them appropriately. In addition, the financial success takes time, and not the instant success that lasts only temporarily.

4. Undergoing these four professionsValentino said the four professions in the world's richest people are:* Entrepreneur* Brokers share* CEO / Managing Director of a company.* Door to door sales staff who are paid on commission from the sale.

If listened to, a list of 10 richest people in Indonesia according to Forbes magazine (September 2008 version) is a businessman. Call it five such magnitude Bakrie and family (5.4 billion U.S. dollars), and families manage Tanoto Garuda Mas (4.7 billion U.S. dollars), R. Budi Hartono (3.14 billion U.S. dollars), and Michael Hartono Budi Hartono, two siblings who have a stake in the company's cigarette Djarum and BCA (3.08 billion U.S. dollars), Eka Tjipta Widjaja and family owner of Sinar Mas Group (2, 8 billion U.S. dollars), and other rich penguasaha row.