The top 14 hidden secrets of money. Philosopher and Irish statement Edmund Burke once said “If we command our wealth, currency, assets and finance we shall be rich and free. If our wealth commands us, we are poor indeed.” And these ruins true in our work of today where our financial status or money is believed to be the yardstick of success. For whatever our goals and reasons may be, we often found ourselves stuck in other means of investment, spending, earning, wants and needs. You don’t have to blame the government, social security income, central bank and the stock market for your own success. So as we step chasing riches, we would wonder what are the hidden secrets of money and how do you get rich?
Well, in this article I will answer that, 14 hidden secrets of money for becoming rich quick.
Table of Contents
1. Money is earned through crises
Wall Street legend and Forbes top billionaire Warren Buffet said “The secret to getting rich on wall street is to try to be greedy when others are fearful, and to try being fearful when others are greedy” This advice does not just apply to investing because it is during crises that become people opportunity to spend and earn big. Why, because some needs become magnifying, creating demands while things become cheaper then. Whenever everything is shut down, real estate is performing its poorest in stocks obtained.
How exactly do people make money?
It’s during this time where the wealthy buy assets, restructure lands, and build equilibrium. If for example someone bargains to buy a property, valued million dollars than the normal academic situation for $750, 000 the seller might agree, why because no one is willing to buy properties during crises, the demand is low and therefore the buyer has more bargaining power. If the same buyer holds the property for about two years, he is going to make a profit from capital gains when the economy resumes to a normal state.
The same applies to the stock market, During crises, stock prices stumble but this won’t last forever, most people panic and start selling as the price goes down to avoid loosing any effect, but the rich ones who understand the rules of money, will be busy buying. Economic strikes doesn’t last forever and it happened to create the best opportunities to increase your net wealth. So save up money and invest wisely when the next one hit.
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Moving to the 2nd hidden secrets of money…
2. Money is a game of exchange
Money is made through an exchange, some people earn money whiles others make money. This doesn’t sound like there is much difference but there is, you earn money when you trade your time and energy for it. In others words, you work for an hour and get paid for an hour. Making money is where you use your own time, energy, and creativity once and get paid over and over again. For example, when you make a new product and get paid any time it sells.
For you to earn money it has to come from one source to yours, for businesses to make sales, the money has to come from the customer’s pocket and hit into the business account. So in short, there has to be some form of benefit that will bring about the exchange. So for you to attract money into your account, you have no choice than to create some form of value for the exchange to happen.
3. Money attracts money
This could be one of the greatest hidden secrets of money in this century. Ever wondered why the rich only have rich friends? Is not because they don’t want to hang out with poor people but is because their financial status only attracts those in the same circle. Most people often say that the rich are proud and they don’t associate with the poor. But in real essence, the two categories sound very little in common. With that in mind, if you want to be wealthy, you have to have a wealthy friend. By having wealthy friends, you will slowly learn their ways, adopt their habits, and become one of them. These people know how to make money, they have a lifestyle that increases their finances and they are always surrounded by opportunities.
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The 4th hidden secrets of money of making money is…
4. Money is easy to get and harder to maintain
Many people make money easily but they are not able to maintain it. To make this simple, let me explain about the Big Cheque Syndrome. Say real estate agents sell a $6 million dollar home and earns $200,000 a month. For the next few months, he will start living as he earns that every month but in reality, he only makes $17,000 monthly. This money obtained delouses the agent into focusing on the whole amount. Most people get excited when few zeros hit in their bank account, instead of investing the amount to increase it they spend it by changing their lifestyle not realizing that the increment is temporary. Money stays where it is natured and taken care of making it easy to earn but harder to maintain. According to the Forbes list, every year 80% of millionaires lose their status.
5. Money loves secrecy
Money works best where secrecy is involved. Make sure to have a secret account, the rule is to have a secret account that no one else knows about except yourself. Never disclose everything about your finances, always leave some amount of secrecy. Why is this so important? When people are aware of your financial status, they will often take advantage and that is just human nature. Am not saying you shouldn’t help when your close friends or relatives are in need but they will always ask money from you. And when they ask and you refuse to help and they know you have it, this may cause some strike in the relationship.
But when you keep a secret account, it could be your life-saving account in case there is any emergencies (emergency fund) anything can happen anytime and you may need some cash. At one time your business may go into a risk of bankruptcy and you may still have to pay employees. Or there might be some crises that may demand spending unanticipated funds.
6. Money hates stagnation
I know it sounds hilarious, but it actually true, let me explain what I mean by this. Money love’s being moved from one place to another
Just like human beings, when money is bored it becomes unproductive, it may even lead you into losses. But let’s delve deeper into this for a moment. If money is pointed into the same business without returning profit, it eventually becomes boring and at the end of the day, all you earn is losses. The same applies where there is diversification of income. Money loves being invested in different places, at the end of the day, all you have to do is to sit and watch it roll in from different directions.
Money stored in an account is also as good as wasted, note that I do not mean the secret account I mentioned before, that is for emergencies. You have to make sure your money is moving around, working for you to earn more.
We are getting to the best part on this list of hidden secrets of money.
7. Money loves risk takers
The truth is the older you get, the less likely that you will take the risk. For example, a 35-year-old can afford to invest in more risky investment options than a 74-year-old. When you are old, your risk tolerance is lower than being young. Money loves risk takers and if you plan on saving for life, you might not make that big. Great opportunities always come from the direction where there is an adequate proportion of risk. So while you are still young, make sure to invest wisely and take calculated risk in everything you do.
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8. Money hates spendthrift
If you take out sugar from a con and you don’t replace it, what happens? The con will be empty, the same for money, it will never grow where it always being spent. For every penny spent there have to be some kind of action taken to replace it, if not double it. For most wealthy people who live rubbish life’s and are able to sustain it, they have set some measures in place to replace the amount they spend all the time. In other to be rich you can’t fly first class, drive the most expensive car or own the best mansions unless you have a solid channel of bringing back the money spent.
Here is my favorite quote of saving by Thornton T. Munger “The habit of saving is itself an education, it fosters every virtue, teaches self-denial, cultivates the sense of order, trains to forethought, and so broadens the mind.”
9. Money loves authenticity
Play your own game when it comes to money, you need unique creative ideas that will never lack market. Believe it or not, it sounds, and here is a serious lack of originality in business. Companies are defaulted into what they sell instead of what they sell for. To be an entrepreneur it has to mean bucking the statuesque, take an idea you believe in, and tirelessly proven it worth. You should try and take some tips from successful people and try to learn from them but don’t copy their whole life. In short, be authentic and create your own financial journey because no two peoples have the same circumstances.
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10. Money loves to be controlled
If we are to be honest, money loves to be kept on a wedge. Never let your finances run wired or else you will be in trouble. Have an account of an amount of money you have in every bank account and know how much you spend on expenses regularly. If you don’t control your money, it will control you. If you don’t determine how much you can spend monthly, your money will determine for you what you cannot afford to buy, which may lead you to debt, and if that happens, won’t that be bad news?
Below comes the “hack” about the hidden secrets of money, I have been waiting to show you.
11. Money can never be the problem and the solution
If money is the problem then is definitely isn’t the solution. Here is where people go wrong, they think because they are short of money, having more money will solve their issues. So what happens? They end up in borrowing more and more and get themselves into debt they can’t afford. Instead of borrowing more money to solve your financial issues, why don’t you increase your source of income? That is the only way to solve a money problem, you can get a side hustle, start a new business or go for an extra job.
12. Money doesn’t change people
I know you will argue with this fact but it’s the truth. Money and success will not change you. It will only magnify what is already there. Someone who is proud and arrogant of getting rich has always been proud and arrogant, money only helps them to see their true selves.
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13. If you think money will make you happy, then you are broke
Founding Father of the United States Benjamin Franklin once said “Money never made a man happy yet, nor will it. There is nothing in its nature to produce happiness. The more a man has, the more he wants. Instead of filling a vacuum, it makes one.” Money can never bring you happiness but the things you can do with it will. They say money is the 6th sense to make you enjoy the other 5. The only reason money is in a picture form is because we need to pay for everything that desires to bring us happiness. Some people argue that happiness is self-made, more money needs more problems. I believe money can contribute to happiness but it is not what it takes to be happy.
There is one “Powerful” hack of knowing the hidden secrets of money; I want to show you so that you can have money work for you.
14. Let money work for you
If you carefully observe the rich and the poor, you will find one key difference between them. The rich make money work for them but the poor work for money.
- A rich man will hire the best mind to run his business while he uses his time to focus on strategy. But a poor man will always use his time to work for the rich.
- A rich man may have many streams of passive income so that he can earn even if he doesn’t work, whiles a poor man has to work for a living.
- A rich man has a plan for his expenditure and an emergency fund to depend on if things go wrong. When a poor man survives paycheck to paycheck, he will go hungry if he isn’t paid.
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The differences are absolutely clear. When money works for you, it will come with a reward which is more money.