Who is Bill Gates?

Bill and Melinda Gates are widely known, but the Gateses could also be anyone who has built wealth in smart ways, saves for a rainy day, and doesn’t flaunt their debt.

So, how can you become a Gates? Well, there are quite a few things you can do.

Invest in Education

Everyone who knows of Bill Gates’ story knows that he dropped out of Harvard University. However, he has recommended on several occasions that investing in your education is important.

This isn’t to say that you have to get into massive student loan debt. But it does mean to take some classes to learn new skills, get a degree if you can do so debt free, or even just practicing something new.

Why is investing in education so important? Think about it. If you have more marketable skills, chances are that you are more likely to get hired for a job or be able to have a few side hustles to earn extra cash.

Your skills don’t have to be over the top, but knowing things like coding, project management, or even social media can really give you a leg up on the competition.

It’s OK To Splurge (If You Can Afford It)

If you Google Bill Gates, you will see a man who has a rather boring wardrobe, and who doesn’t seem to eat out much. However, you may be surprised to know that Bill Gates drives a Porsche (several in fact) and owns a home that cost him approximately $60 million to build.

While I certainly wouldn’t recommend building a $60 million home, Bill Gates shows that it’s OK to splurge on items and adventures that you enjoy, as long as you can afford them. Bill Gates is worth $85.5 billion, and yet he only splurges where he feels his money can go the farthest.

Simplify

As stated above, Bill Gates only splurges on things that he deems important. If it’s not important, he either won’t buy it, or he will give it up.

For example, while Bill Gates does have a private jet, he has one for a very good reason. Because of his foundation, and the immense amount of travel he and his team do on a regular basis, he is actually saving money by having his own jet.

Not only is he able to save time and energy by flying his own plane, but he doesn’t have to worry about paying for multiple tickets multiple times throughout the year.

Because of his foundation, and the immense amount of travel he and his team do on a regular basis, he is actually saving money by having his own jet. Not only is he able to save time and energy by flying his own plane, but he doesn’t have to worry about paying for multiple tickets multiple times throughout the year.

Also, Bill Gates keeps his home tidy and in order, and everything has its place. You won’t find clutter in the home, which means he knows exactly where everything is at all times. Try taking it from him, and keep your home minimalistic, simple, and clean. No more wasting money on something you didn’t need because you couldn’t remember where it was!

Know How to Invest

Bill Gates is very smart with his money. He not only invests in stocks, but he invests his money into businesses that he knows will give him a return on his money. Although he has taken a few gambles (like investing in “clean” meat), he keeps his portfolio fairly conservative.

You don’t have to be a billionaire to start investing like Bill Gates. In fact, you can invest with just a few pennies, or with a few dollars from each paycheck. Just stay smart with the companies you invest in, and trust your gut.

While keeping up with the Joneses may make you broke, keeping up with the Gateses can help you save more money, enjoy your life, and still build wealth. Which would you rather have?

Keeping Up With the Gateses is a post from: When Life Gives You Lemons. Did you like the post? Follow me on Twitter, like me on Facebook, or hop on over to my blog and leave me your feedback.

No one wants to maintain or lower economical condition. Everyone wants to earn more & more money and become rich. There are many ways to make money. However, there are some ways which are not legal or by using them you may find yourself in a problem. Here are 15 ways for you to build wealth legally

1. Get rich by saving money– Many of us waste money unnecessarily. If we use money economically and save it we will definitely save a lot of money in a very short span of time. For our future to be better, we should start saving from now. Remember, Drop by drop makes an ocean.
2. Start your own business- You can start a business of your own with proper guidance as business may give a lot of profit. It is always preferable to start your business if you have experience in the field as you should not take risk as you may lose what you have invested.
3. Choose proper career- You can earn a lot of money if you work properly. You can work properly if you have interest in the field and so you should select your profession according to your interest.
4. Invest in property– As nowadays the rates of real estate are on a rise it is profitable to invest in them. You should invest in different localities so that even if property rates at a particular locality goes down you may recover the loss from other localities.
5. Keep changing jobs-‘A rolling stone gathers no moss’ is an old saying nowadays as if you keep the same job for years together you cannot progress and changing jobs help you to get a rise every time you change the job.
6. Start tutoring- You can tutor children as a part time job which will help you earn more and you will utilize your free time.
7. Invest in stock markets- Stock markets are real good earners if you invest in proper places. Seek advice from some experienced stockers if needed.
8. Purchase things in discount-You should shop when the rates of things are low, like in sale. It saves a lot of your money. Also you get the things you want and the best part is that you pay much less than what you pay normally.
9. Start a shop of your own-You can start your own shop and hire people to work there and you may continue with your job. This will work as a second way of income for you.
10. Rent your house-If you have extra space in your house you may rent it and earn from it. or you may buy a house and then rent it.
11. Work online-You may work online as you don’t need any office for it you may work from home. You may work as a freelancer, start your own website, buy and sell things online, etc.
12. Select proper location-You need to choose a perfect city or country according to you profession. Like you should live in a city where you can get plenty of jobs to choose and you will definitely earn more there.
13. Earn money from your car-If you have a spare car you can rent it to people or travel agency and take a fare rent from them. This type of renting pays really well.
14. Sell unwanted things-You should always sell unwanted thing for a good profit. It is always good to sell unwanted things rather than keeping them and creating a mess in your house.
15. Always work harder-Never stop and be satisfied with what you have. Always try and work harder to earn more.

Readers, as the name of my blog suggests, wealth should be accumulated one cent at a time, you can grow rich but can’t do that overnight, it just can’t happen without a lottery or gambling win.

A Few Simple Steps to Build Wealth is a post from: When Life Gives You Lemons. Did you like the post? Follow me on Twitter, like me on Facebook, or hop on over to my blog and leave me your feedback.