10 Money Mistakes The Rich Never Make

1) Not investing in yourself
Many people depend on their employers to give them self improvements materials, send them to seminars and giving them coaching. The right thing to do is to invest in yourself even though employers didn't do for you.

2) Over entertainment
Thousands of young adults (aged 20-35) were wasting precious time and money and use up 30-50% of their salary on entertainment and travels, the rich uses that time and money to fund their dreams

3) Buying on credit
Many people purchase stuffs that they can't afford with money they don't have to impress the people they don't like. High interest loans will kill them. The rich uses their credit cards to promote their business, not for personal expenses.

4) Hiding from your spouse
Hiding from spouse your financial precepts causes arguments. Both members must have clear understanding about their finances.

5) Re-financing your home
Re-financing your home will only double up your debt. Rich people rent until they can buy their house with straight cash.

6) Traditional retirements
If you're depending on mutual funds, 401(k) and certain life insurance policies, it's like boarding the Titanic. Saving money to enjoy it during retirement is like saving sex for retirement! Build a fortune while you are young.

7) Buying inferior goods
Buy the best goods instead of what's cheap.The Rich buys a $40 shirt that will last for four year is better than a $10 shirt to be replaced every single year.

8) Lack of enjoyment
The truth to becoming rich, you must enjoy the money you already have. Your money will only expand when you appreciate it and enjoy it more.

9) Not saving
People tend to to buy what they perceive they "nee" when they see X amount in their account. Rich save 10% of what they earn for future business emergencies.

10) Working for money
Majority of people work for money but the Rich let money work for them. The Rich knows that money is the byproduct of the service they provide to the marketplace.

Shift your mental state to becoming rich!