• 23.03.2022
• Russ

This is exactly how the so-called "simple financial plan" should be formulated and implemented by all those who want to be successful (i.e., who want to live in prosperity and not starve to death).In this article, we will talk about which individuals can become successful and rich, and which should be avoided. the Most common mistakes that lead to big money, and which ones should you strictly adhere to?The first and most important mistake is to assume that other people are just like us, with brains and like us. In fact, everyone is quite different.We have our own specialties, we have our own skills, we react differently to events, etc.This allows you to achieve your own goals without following the common pattern of life. The second mistake is to expect everything from the state.In fact, the only way to become successful and rich is by creating yourself. the result. This is exactly what the so-called "compound interest" will do for you: it will not allow you to lose your investment (as has happened many times before).In addition, by investing with a small amount of money, you will gradually create large capital (which will be inherit by you and your children). The third and most dangerous mistake is to believe that the path to wealth lies only through clever investments and sophisticated monthly averaging. This is exactly what Stephen Colbert suggested we all do (and everyone else, too, for sure).For those who do not know, say "forget" about the preceding two mistakes. You should take the third and most dangerous mistake — to believe that you can "make friends" with money.And to do this, you need to:live modestly (within your means);live within your means;make a personal financial plan (which guarantees your family's financial well-being);save and increase the amount earned.I will not advise you to take this road less traveled. And, in addition, it is important to note that you can't optimize a couple of variables at once. Therefore, you need to carefully diversify your investments (i.e. rebalancing them).Your first and only goal in investing is to create capital. And the higher the yield, the higher the risk. That's what we talked about in the previous section. 1) Read my article " Where NOT to go to invest money? TOP 3 most dangerous places for money". 2) Read my article "what skills you need to become rich".