How To Get Rich Slowly
| Money : Saving OK, so the first four words above sound great, right, but you're not so keen on the fifth? Well the most common reason for people not getting rich at all is that they are obsessed with getting rich quick. But the vast majority of people who become rich do so over an extended period of time, and this is the most reliable and surefire way of getting rich. The old adage of the hare and the tortoise certainly applies to money - income accrued gradually over many years is the best route to success. The key is to start saving as young as you can, and to stick to a disciplined percentage of your income and never touch it. For instance, at the tender age of 21 or whenever you start earning proper money, try to save 10% of your income every month. This might seem like a lot to sacrifice particularly when starting out, but it is worth tightening your belt for the future rewards. Then there is the choice of where to put your money. This depends largely on the risk you want - a safe savings account or something risky like shares, or somewhere in the middle. The key skill you need whatever you choose is discipline - resist dipping into that pot of money - forget it is even there as an option if at all possible. Ensure that you do not splurge it on a whim purpose, certainly, and leave the interest or dividends in there. Your biggest friend with making money over a period of time is compound interest, or the dividends being re-invested in the shares you own, so really do try to leave the pot of money well alone.
 Questions about making money:
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