My Home Loan Journey

How to Increase your income and become wealthy by Brain Tracy

 10 Lessons from the The Science of money How to increase your income and Become wealthy by Brain Tracy and Dan Strutzel:



1. Money is a tool its not the goal the goal is to use money to achieve your financial goals and live a fulfilling life

2. You must earn more money than you spend this is the foundation of wealth building 

3. You must save money this means putting aside a portion of your income each month 

4. You must live within your measn this means spending less money than you earn form ur side

5. You must live within your means this means spending less money than you earn

6. You must get out of debt is a major obstacle to wealth building 

7. You must protect your money this means having insurance and diversifying your investment 

8. You must give back to your community this is a way to show your gratitude for your success and to make the world to understand the better place

9. You must be patient and persistent wealth building takes time and effort dont except to become rich overnight so think urself its take time to wealth building 

10. You must teach your children what you spend money what you earn money how can save your money so please teach them first and it will be take a financial decisions and achieve their financial goals


If you interested in learning more about how to increase your income and wealthy I highly recommend reading this book

+ Set specific financial goals what do you want to achieve with your money you can start to develop a plan to achieve it 

+ Create a Budget : This will help you to track your income and expenses and make sure that you're spending leass money than you earn

+ Automatic your savings and investments set up a recurring transfer from your checking account to your savings and investment accounts each month this way you will save and invest money without having to think about it 

+ Pay off your debt start with the highest interest debt first and work your way down

+ Invest for the long term dont try to time the market focus on investing in a diversified portfolio of assests

+ Review your financial plan regularly make sure that your plan is still alligned with your goals and risk tolerance

By Following these tips you can put yourself on the path to financial success.

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