Save to invest, don’t save to save

The man’s advice continues:

The only reason to save money is to invest it. Put your saved money into secured, sacred (untouchable) accounts. Never use these accounts for anything, not even an emergency. This will force you to continue to follow step one (increase income). To this day, at least twice a year, I am broke because I always invest my surpluses into ventures I cannot access.

Investing is not as complicated or daunting as we make it out to be. Consequence is a perfect example of people in the know who are willing to help you out with investment advice.

Ask for help

And that leads us to the next point, highlighted by Daniel Ally, who became a millionaire in less than five years at 24.

At a certain point in my business, I couldn’t grow any further until I hired a few key people.

Asking for help wasn’t my forte, but I had to make it happen. Within months I had a lawyer, editor, personal trainer, part-time chef, and other personnel. It cost me a fortune at first, but eventually helped push me into the million-dollar mark. Most people won’t ask for help because their ego is in the way.

Consequence’s team of advisors is the perfect way to tap into the market without hiring your own team.

Don’t show off — show up

Cardone further explains how buying unnecessary things should wait until you have a stable income flow from various sources:

I didn’t buy my first luxury watch or car until my businesses and investments were producing multiple secure flows of income. I was still driving a Toyota Camry when I had become a millionaire. Be known for your work ethic, not the trinkets that you buy.

For more advice, pop over to Business Insider or just call Consequence and talk to people in the South African market who know how to make an impact in your lifestyle.

[source: businessinsider]