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Small Saving Schemes - How to become wealthy

21 May 2004

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If you are one of those who dreams about joining the ranks of Azim Premji or Bill Gates, who likes to be seen roaming around in a Lamborghini, enjoys taking a break to cruise around the world in the most luxurious liners and prefers to be put up in a 7 star hotel for most part of the year you better wake up to face reality.

Who wouldn't like to become wealthy you'd ask. True. After all what are we all working for? To earn a decent living, to better our lifestyle, to enjoy a better standard of living - well is that all? Perhaps more than that, depending on how you look at it.

If becoming the wealthiest person in town is your dream, know that those wealthiest people around you who have amassed unbelievable wealth have worked their way up through hard work, determination and by managing their money most prudently.

But how can I become wealthy? I am earning a pittance compared to what the top shots have been earning.

You are highly mistaken if you think that the person with the fattest paycheck is the most wealthiest of all. For all you know he may be earning a sizeable amount as salary no doubt, but if he lives paycheck to paycheck is he getting anywhere?

Such a person has no savings at all, has not heard of investing, building wealth wisely, retirement planning etc. Now all you could do is pray that he realizes his folly early in life.

So what is it that will make me wealthy and how soon can I become wealthy? Do you really want to be wealthy? Its simple. Just follow the rules given below and before you'd realize you would be working your way towards becoming one of the most revered and richest persons in town.

Just give it a thought. Can a few rules actually make you wealthy overnight? Is it so simple?

In order to become wealthy you need to firstly understand how money works. Money is like a seed that is sown and will reap rewards for you. This may be in the short run or in the long run depending on what goals you have set for yourself.

You need to value and account for each rupee you have earned. And understand that every rupee counts. Just as drops of water make the ocean so also each rupee depending on how you invest and where you invest will work towards creating and building wealth for you.

It may be a tad difficult initially to be penny wise if you have been a spendthrift all your life. A sudden shift may not be easily possible. But that again, depends on your determination. Ask yourself each time you think you may go off track. Are you determined to become wealthy? …to be continued. Check the following article

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