How to get rich in Kenya

  

Date Posted: 3/22/2013 4:43:18 AM

Posted By: prey  Membership Level: Gold  Total Points: 1405

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How to get rich

Getting rich is something that almost everybody in the world would like. There are various ways in which you can get rich.

1) Invest your money.
Learn to invest your money whether it is big or small. You could invest your money in so many ways which includes investing in the stock market, real estate, investing in a business idea or even investing in education. An example of investing in education is when you use your money to learn at school and then use the education you have acquired to get a job that pays big money.

2) Do not be overconfident.
Do not invest your money in business ideas which are likely to fail you. For example, gambling is not a good way to invest your money because there is always a very high risk of losing all your money. If you want to gamble then gamble with money which you can afford to lose.

3) Never waste your money.
If you earn money but do not spend it in the right way, then you might end up sleeping hungry yet you have all the money in the world. Make a plan of how you will use your money and if you have no use it, then keep it in a safe place until you find a good use for it. The best place for you to store your money is the place where it continues to earn interest.

4) Do not have too much debt.
Do not borrow what you cannot return. This might make you lose too much of your money and gather a lot of enemies along the way. You should also never lend money to someone who cannot pay you back. If you do, then get ready to lose your money.

5) Save for the future.
You should not only save your money when it

is too much but also save it when it is just enough. This is because the best way to avoid borrowing what you cannot pay back is to be your own lender. This means that instead of borrowing money when things get tough, you just need to go to your own savings and withdraw the amount of money that you need.

Getting rich is not easy but the above might lead you there if you follow it to the letter.

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