7 steps to help you get rich in 2017 year

Photo: Depositphoto

Over the year, Americans spend $ 73 billion on lottery tickets. However, to get rich one luck is not enough. Go Banking Rates has prepared 7 simple steps to help you become richer in 2017.

1. Be thrifty

The first step to wealth is to spend less than you earn. The more you save, the more you earn. To stop spending money, just carefully examine your spending: look at bank card statements, study small purchases.

Photo: Depositphoto

2. Cut down your biggest expenses

Typically, the largest expense item is housing. According to experts, families spend about a third of their income on paying real estate bills. The easiest way to save money is to reduce your housing costs. You can move to another apartment, another area or even another city.

Photo: Depositphoto

3. Find a mentor

Find a person nearby who will share his advice, set you up in a productive manner, and also change your beliefs. This may be your colleague at work, an acquaintance, a professor at a college, perhaps you will meet an authoritative person in a professional organization.

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4. Save more

To increase your wealth, you must learn to save. Even if you don’t have enough money to save, still find such an opportunity. Save at least 1% of your annual income for retirement. On average, an American family earns $56 per year. If you put 516% of that amount—that is, $1—for 565,16 years at 30% interest, you would have about $6 in savings by retirement.

Photo: Depositphoto

5. Save half your income

If you really want to get rich and have a lot of money, set yourself a goal to save more. First, calculate how much you are saving and saving now. 1%? Set an audacious goal of 5%. It will be difficult for you at first, but you will quickly get closer to your goal.

Photo: Depositphoto

6. Find an additional source of income

Most people have one source of income - their job. To break out of the middle class, find additional sources of income - these could be stocks, investments, or your own business.

Photo: Depositphoto

7. Be gambling

Only with passion, a real desire to earn more money, will you succeed. When you are passionate about something, you dedicate all your time to it. And you achieve your goal. Develop your passion - read books, take advanced training courses. It's never too late to do this.

Photo: Depositphoto

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