The Best New Year Resolutions
You Can Ever Make

New Year Resolutions are not a new thing. Every year, millions of people make plans to change their life for the better. We at World's Rich People would like to share with you the best resolutions that you can ever make. Having research and look into the life of many billionaires and millionaires all over the world, we realize that following their examples will enrich your life and also the lives of those around you. 

1. Be Prudent and Save Money

In a culture that loves to spend money and have instant gratification, the habit of being prudent and saving money for rainy days are long gone. Only a handful few will ever think about their financial future. The truth is, unless you are a rich heiress or heir to a business empire, you will run out of money sooner or later. One of the greatest investor in the world, Warren Buffett who is worth $55 Billion is known to be extremely prudent when spending money. He never wastes unnecessary money and is also known to search for bargains when buying coca cola. No wonder he is so rich today. 

2. Own Your Own House

There is some truth in the saying "Own Your Own House". Every man (or woman) should be a master of his own home and own his own house. There are many benefits of having your own house. First of all you have a safe place to go home every night. Secondly, you save on rent. Thirdly, it forces you to save money to pay the interest on the house. Fourthly, your house will act as a hedge against the effects of inflation and last but not least you get to own your very own property. House prices will always rise except in most exceptional cases while your car will always depreciate in value. Be wise!

3. Buy Lands or Real Estate

Once you own your own house, you should learn to invest in lands or real estate. Real estate covers houses, shops or lands. As the world population increases, the need for land will increase. The real estate that you own will most likely increase in value. At the same time, it can generate rent or income for you to pay off your loan. Never underestimate the value and wealth effect of real estate. You just need to look at the success of Donald Trump, Robert Kiyosaki or Larry Ellison who is one of the largest landowners in America to know that Real Estate really does generate wealth.

4. Build a Business

Why would you want to build a business? Well, the simple reason is that if you really want to be rich and impact the lives of others you need to have a thriving business. It is never easy to build any business. There needs to be lots of hard work, sweat and perseverance but the fruits are sweet. Ingvar Kamprad who made $52 Billion in his lifetime started IKEA selling low cost furnitures and today it is a multi-billion business. Not only this company generate fortunes for him and his family, it employs thousands of people all over the world enabling others to participate in the wealth multiplication effect that great businesses always have.

Press Like If You Learnt Something New : )

New! Comments

Have your say about what you just read! Leave me a comment in the box below.

"If I have seen further than others, it is by standing upon the shoulders of giants." Isaac Newton

The material in this site is purely for educational purposes only. In creating this side we have sourced info from many sites and would like to give credit to where it is due.We do not intend to infringe any website's copyrighted material and we use the information for educational purposes and use information that are public in nature and hopefully protected by freedom of information laws. Also, when I created this website years ago, I took many pictures from the internet that may infringe your copyright. I will be slowly taking all these down and if the picture that belongs to you or your company is still there, please drop me an email and I will remove the pictures. If you found that any article in this website infringe your rights please let us know and we will take it down. Thanks.


References:

Forbes (The ultimate site for billionaire rankings)

CelebrityNetWorth (The ultimate site for net worth of celebrities)

TheRichest (Great site for things about money and rich people)

Wikipedia (Greatest site on earth for lots of information)