These SKILLS will make you RICH...

In this article, I'm gonna share with you my way of changing bad habits to good habits in terms of money management and building your capital. So, if you are a regular employee or a freelancer or even an entrepreneur this article could change your life.

For the first 9 years of my career, I solely focused on spending without saving or investing. Like many others, I had a mortgage and a car loan, leading me to live paycheck to paycheck. Whenever I received my salary, I felt compelled to spend it all, never setting aside anything for the future.



Then, like many people, I read the book Rich Dad Poor Dad by Robert Kiyosaki as well as another over 100 different books and tens of courses related to investments, money management, finance, business etc. So I've implemented the following habits and started building the capital for my future. At the end of this article, I will tell you just one simple habit that everyone can adopt in his life to become a millionaire no matter your occupation.

The first habit I've implemented is Income and Expenses tracking. There is one expression: If you can't measure it you can’t improve it. Tracking income and expenses is crucial because it lays the foundation for financial awareness and control. By measuring where money comes from and where it goes, you can identify spending habits, pinpoint areas for improvement, and make informed decisions to enhance your financial health. This habit is essential for anyone looking to build wealth or manage their finances more effectively.

The second one is not really a habit but let's say that is something you need to think about to increase your income and it helped me a lot. Because when we are talking about building capital, we need to take care of both your expenses optimization and income increase. If you are a salary worker, you can find a new job with a higher salary. It helped me to increase my salary income almost 10 times, I will tell you how in a minute. I also have a friend who followed this advice and doubled his salary in just 6 months by changing 3 companies. You know that many employers ask you to provide pay slips to make an offer and the normal practice is to give you 20-30% more of your current salary. So, I've got some international certifications like Chartered Engineer and Certified Maintenance and Reliability Professional. It helped me to land a job in one of the most expensive companies in the world, move with my family to Saudi Arabia, and increase my salary almost 10 times, not only because of the salary increase but taxes optimization.

And that is the 3rd habit you need to adopt in your life regardless of your occupation whether you are an employee or entrepreneur. Think about how you can minimize or optimize your taxes. Before I was paying around 40% taxes but moving to Saudi helped me to pay 0% taxes. So since I learned this lesson and the last 6 years of my career I don't pay any taxes. Definitely you need to be very careful with your taxes and consult with a professional tax adviser.

The next habit is very tricky and works in both ways but for different people. Some millionaires say you need to cut your expenses as much as possible and invest this money, don't buy luxury stuff etc. But other millionaires are saying conversely, that you need to increase your expenses. Why increase? Because when you start spending more money, this stretches your comfort zone as you easily run out of money and then the magic happens! your mind starts thinking about where to get more money. But this situation is very stressful and not many people can manage it. But I can tell you honestly that I used to adopt this practice in my life several times and for me, it works very well, it helped me to get several extra incomes. But indeed, it kicks you out of your comfort zone so I cannot recommend this way to anyone if you are not stress resistant.

Continue the previous idea about extra income. The next habit is to continuously seek sources of extra income. These skills are essential if you want to succeed financially.



Remember what Warren Buffett once said, “If you don't find a way to make money while you sleep, you will work until you die.”. There is nothing to add, I think it’s clear. It's one of those things that you just need to understand and apply.

The next habit that I implemented right after reading the Rich Dad Poor Dad Book is to pay yourself first. Once you get your income, take 10% and invest it. Saving money in your bank account doesn't make you rich.

As Robert Allen said: How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.

So, over the last 5 years, I've been saving 10% from my salary, putting it in the brokerage account, and buying stocks and bonds. I don't give you here any financial advice, I can tell you honestly that I have a professional financial advisor with over 30 years of experience who manages my portfolio. The only thing I can advise is never transfer your money to anyone. Once you send it, most likely you will never see it again. Your money should be on your personal account only and the financial adviser could have access and he can sell and buy assets, without an option to withdraw your money.

The next habit to make them rich is similar to the previous one which is Investments. But previously I mentioned only about investments in the stock market. But there are so many different ways to invest your money like real estate, start-ups, commodities, cryptocurrencies, etc.

The next habit with the greatest return on investment is investing in yourself. You are the best asset and developing skills that will support you for the rest of your life. Continuous learning will make you stronger and more competitive in the market. Since I've started to invest in my education my salary increased 10 times, I've already told you right. My extra income and investments are also gradually growing year by year. In the last 6 years, I've invested around 50,000 dollars in my education. I've achieved many professional certifications as an Engineer and Career coach and I continue to learn new and develop my skills that matter — in marketing, sales, social media, videomaking, mobile apps, start-ups, finance, etc. Almost every month I buy a new course, education has become a passion for me, and I thoroughly enjoy it. If you are also looking for ways to boost your career, you can find the link to my course here.



There are so many different habits you can adopt and ways to increase your income but the only one is 100% win-win habit for anyone of any occupation. You can call it a snowball income, which Warren Buffet and many other investors used to do. I've already told you about it. You need to save a minimum 10% of your income and invest it. The main problem here for most people is hard work, discipline, and consistency. Everybody wants to get rich quickly and nobody wants to wait. But why do I call it 100% win-win, because everybody can do it, and if you do it next 20-30 years every month saving and investing minimum 10% of your income and reinvesting all your dividends you will definitely build good capital. Passive income is the best thing in terms of money making. There are many online calculators so you can put your numbers and play with it. The next 20-30 years will pass anyway and if you do not succeed in any other ways to get rich like an extra source of income, business etc., you still win as you have a good passive income from your capital.

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