Becoming Rich Even With Low Income

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When we think of becoming rich, we normally equate it with the amount of salary one is getting. I normally hear phrases that he or she is rich because he or she is a manager or perhaps they are rich because they’ve got a business. However, fancy jobs or business does not necessarily mean one is rich. And you don’t have to wait on your next promotion for you to build up your millions. Your lack of position will not always equate to lack of wealth. It is possible to slowly build it even with a low income. You only need to do planning and some reorganization.

One way to build your wealth is to not define it in your salary bracket. All you need to be aware is your net worth. This includes not only your salary but also your assets and your debts. Hence, it is important that you increase your assets and decrease your debts. Here are also other ways for you to slowly build it.

State of Mind

It is hard to be rich when in the first place you don’t believe you can attain it. Remember what the mind can conceive the body can achieve. Millionaires that we know began their wealth journey with the affirmation that they will be able to earn this much and be rich in the future. I know it can difficult for us who lives paycheck to paycheck however if we dare to dream it, we can realign our efforts in order to realize it. If we have that as a goal, we can reorganize ourselves to realize it.


As an employee, we really need to plan our income and our money. That is why a budget is very necessary and keeping track of our expenses too. We might have larger salary by the end of the month however we normally use it to plan our next vacation or even asking what gadget to buy next. In this planning, we need to be proactive with our income. Spending money on things we want will not help in building our assets. Hence, if you plan to have more in the long run, start spending it to lower your debts, buy assets and even doing both. Budget your income that a certain amount or percentage would go here. Put away most of your money in building your wealth. True you may have expenses for yourself and for your family however do not deny the fact that you can still save even a little. This may be a hard process I tell you but your future self would definitely thank you for it.

Do it now

The earlier you start the better and the more you can be able to save in the process. Think about compounding interest. This can be your ally with regards to your investment. That is why, better ask your local banks on their varied investments they can provide you such as mutual funds, equity and more. You may also try stocks and trade it for greater yield. As such, there are many ways that we can put our money and make it work hard for us. In the end, this could give us higher returns in the process.

Let us start with the affirmation and the state of mind that in the near future we will have more than enough to sustain ourselves and our family. This will not be a walk in the park and this can be very hard to stick into. However, down the line, the payoff would be huge. 

P.S. To those doing the 52 Week Money Challenge and 52 Week Money Challenge Version 2, it is Week 13 already! Did you deposit the next amount yet?

P.P.S Want to know more about investing, savings, stock market and more, check out my reference here. You can download free ebooks and resources too.