we all want to be rich right who
wouldn't want to take their dream
vacations any time of the year or in a
couple of mansions in the most exotic
locations in the world being able to
control your money and not have your
money control you is everyone's dream
rules that will make you a millionaire
these rules are real and will work why
do we know this it's because this advice
came from different millionaires from
all over the world so we're not making
them up make sure you watch until the
end if you really want to join the
Millionaire's Club right before we begin
are you subscribed to our channel if not
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miss out now let's begin shall we
10 never live beyond your means Shark
Tank star and millionaire investor Mark
Cuban swears by this rule almost every
time he's asked to give out advice on
how to get rich he shares with his
audience the importance of living within
your means he says never spend what you
can't afford even if it means living
like a student and he makes so much
sense let's look at it this way if you
earn fifteen hundred dollars a month and
your monthly expenses amount to eighteen
hundred dollars a month you'll be losing
about three hundred dollars a month
since this three hundred dollars isn't
coming from your paycheck it's
definitely being financed by your bank
via your credit card you'll be losing
three thousand six hundred dollars
yearly in ten years if you don't change
your ways you'll end up with thousands
of dollars in debt now let's say you
take Mark Cuban's advice if you earn
fifteen hundred dollars and only spend
twelve hundred dollars a month you'll
have three hundred dollars every month
at your disposal
in ten years if you invest the money
wisely there is no way you won't be rich
9 have enough saved up to pay bills so
many people will give you advice on how
to get rich in fact let's not even go
far I bet you can see a couple of other
money-making video suggestions made by
other youtubers right now it's okay to
listen but don't take it as Holy Grail
the best advice comes from people who
have been there they say learn from
people's mistakes so you don't make your
own who better to talk about money than
Bethany Franklin she was broke with
about two hundred thousand dollars in
credit card debt with
where she started the Skinnygirl Empire
the Real Housewives star is ever so
passionate about advising people on
money matters you will constantly find
her telling people to save enough money
that can cover your bills in case of an
emergency she also says that before you
take a loan or buy anything with your
credit card make sure you have a similar
amount of money saved up somewhere or
stashed away in an investment and I
think this advice is gold 8 cut out
impulse purchases completely with a net
worth of 20 million dollars sarah
michelle gellar must have some great
money tips to share with the rest of us
peasants with all that money believe it
or not she never buys anything on
impulse she even says she can stare at a
jacket in a store she really wants for
days
before making a purchase we're not
telling you to do exactly what she does
but create some limits and build that
discipline muscle just because you like
something or want it it doesn't mean you
need it let's be honest how many times
have we bought things on impulse then
end up never using them just take a look
at your house and you'll probably find
lots of products that you never really
is 7 invest in what you know actor
venture capitalists and entrepreneurs in
Kuchar advises people to only invest in
what they're familiar with
he says he's made most of his two
hundred million dollar net worth by only
putting his money in industries he's
familiar with for instance if you love
wine and drink it all the time and you
often go to wine events and you can
easily differentiate between premium and
cheap wine and let's see also know a lot
about the wine industry or could learn
then investing in wine is something you
should do also if you want to start a
business start one whose operations
you're familiar with for example if
you've worked as a banker for 10 years
you can start your own personal finance
consultancy business if you've worked as
a marketer in an e-commerce store then
you must understand the lingo of the
industry and can comfortably start up
your own agency only put your money time
and effort into what you're familiar
with 6 use public transportation and
ride-sharing services you wouldn't
expect a millionaire worth 400 million
dollars to use lyft or uber right well
kevin o'leary does and he swears by this
rule he believes buying or leasing a car
is a waste of money
he says cars are heavy investments and
calls them money thirsty vampires that
will suck money out of your account when
you look at the maintenance insurance
and parking costs it all makes sense
to make it even worse they don't
appreciate in value well unless you have
a rare vintage masterpiece mr. wonderful
sure does practice what he preaches when
his last lease ended he returned his car
back to the dealership and didn't leave
with a new one now that's a boss move
five invest wisely sounds obvious right
but is it do you know where to invest
your savings to get decent returns
well tony robbins who is a master wealth
of 500 million dollars sure does the New
York Times bestselling author says
compound interest is perhaps the most
powerful tool in your investment arsenal
he's made a lot of money selling books
and his shows and talks but most of his
wealth comes from his investment
decisions he further recommends putting
aside part of your income however little
into an interest earning investment some
of the options he suggests include
high-yield savings accounts index funds
or even stocks you can search for the
options that have the highest interest
rate return and stash your money there
never doubt the power of compound
interest or get a job you love this
piece of advice came from the one and
only Oprah Winfrey she doesn't need any
introduction we all know she's loaded
and she's not just rich but wealthy plus
she's also adored by all on her website
she gives loads of advice on different
topics including money she attributes
her massive fortune to choosing the
right career path before working in a
radio station she was a babysitter in a
store employee when she got her dream
job it stopped being about how much
money she could make but how she can be
better in her career she had a weekly
salary of a hundred dollars at the age
of 17 from a radio show but she said she
would have been comfortable without
being paid as she loved it so much I bet
you're wondering how this will make you
a millionaire well if you love your job
you'll strive to be the best in it and
people will notice you
this will create room for more
opportunities which could end up turning
your career path into a massive business
as in Oprah's case three saving I know
by now you've learned a lot about
millionaires and how they handle their
wealth just because you have a lot of
money doesn't mean you have to splurge
it everywhere Suze Orman and author
financial advisor motivational speaker
and TV host stands by saving as much
money as possible she wants everyone to
get as much pleasure out of saving as
you do from spending this outstanding
woman with a self-made net worth of 35
million believes the secret to saving
more is to
shift your mentality from saving being a
downer to a great feeling Orman says the
despite being seriously rich she enjoys
saving money by using coupons instead of
thinking when can I start enjoying my
saved money ask yourself when do I start
enjoying the saving process if you build
that muscle then you'll end up not
caring about saving money anymore to ask
for help
Spike Lee says never be afraid to ask
for money for your project or business
the American film producer writer
oscar-nominated director and author
worth 40 million dollars says asking for
financial help should never be a
shameful thing if you're truly
passionate about an idea but don't have
the money to fund it just ask your
friends family or even pitch it to
strangers if it's worked for Spike Lee
it'll probably work for you too he says
he's never afraid to ask for money to
fund movies he believes in he also says
never be deterred when someone tells you
no as it only takes one yes to take you
to the next level 1 invest long-term of
course we can't talk about how to become
a millionaire without mentioning Warren
Buffett one of the richest men in the
world today he's currently the third
richest man according to Forbes the most
fascinating fact about him is he is 100%
self-made the billionaire investor who
is worth 82 billion dollars with of B
beliefs investments should be long-term
he isn't a proponent of active short
term stock trading he says the best way
to build real wealth is to own portions
of outstanding businesses with great
management systems
he gave this advice back in 1988 and
since then he has stuck to it
he believes instead of hurrying to sell
and make that quick buck be patient and
he will make real profit with companies
that perform well in the long term his
advice is great because it's easy to
replicate and doesn't need specialized
skills and short-term trading needs
anyone can buy stock of any company and
monitor the price changes today this can
be done easily on your mobile phone
using apps opportunities are endless if
you follow the advice here you will
become a millionaire all these are wise
words from the best in the world before
we in the video we have one more tip
that will certainly lead you on the
right path to making millions know where
your money goes if you're one of those
people who don't understand where your
money went right after receiving a
paycheck then pay attention you need to
start making budgets cutting your costs
by identifying the cheaper alternatives
and start being disciplined
even if you'll have to create separate
accounts to handle bills and concurrent
expenses start today once you have a
budget for all your expenses make sure
you set aside some of your income for
savings a great way to do this is by
automating saving so that the figure is
deducted once it hits your account
having a clear understanding of where
your money goes is one of the most
important steps to building wealth
so in summary one never live beyond your
means to have enough saved up to pay
bills 3 cut out impulse purchases
completely or invest in what you know 5
use public transportation and
ride-sharing services 6 invest wisely 7
get a job you love 8 ask for help 9
invest long term and finally 10 and know
where your money goes that's it for
today guys thanks so much for watching
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