10 Money Lessons To Help You On Your Road To Riches
Fairlady|May/June 2021
Heed these 10 money lessons from the super wealthy to help you on your road to riches.
Sylvia Walker
10 Money Lessons To Help You On Your Road To Riches

AS Coco Chanel once said, ‘There are people who have money, and there are people who are rich.’ While the concept of being rich doesn’t guarantee happiness, life can be far more pleasant – and easier – if you don’t have to worry about money.

But how do you get to that point?

Doing the grind from payday to payday won’t necessarily get you there. You need to do something different: your behavior is what will determine whether you remain trapped in mediocrity or flourish in financial abundance.

Getting on track is easy if you know-how – and there are some super-wealthy people who do. There are many valuable lessons we can learn from them…

1.USE YOUR MONEY TO MAKE MONEY

A crucial aspect is actually having money to invest, and this is what separates the rich from the poor. Thomas C Corley, author of Rich Habits: The Daily Success Habits of Wealthy Individuals, spent five years studying the habits of more than 200 self-made millionaires. He found that the wealthy find money to invest by forcing themselves to survive off 80–90% of their net income, thereby setting aside 10–20% of their income for investing.

You could scoff and think that’s easy when they’re earning seven figures, but this is a habit that they cultivated from the get-go when they had little money. It’s how they got to be wealthy.

2.PAY YOURSELF FIRST

هذه القصة مأخوذة من طبعة May/June 2021 من Fairlady.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة May/June 2021 من Fairlady.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من FAIRLADY مشاهدة الكل
'DESIRE IS NOT WHAT MATTERS'
Fairlady

'DESIRE IS NOT WHAT MATTERS'

Emily Nagoski wrote the book on women and desire - literally. And then her own sex life dried up. Here's what a prolonged sex drought (and a load of research) taught her about maintaining intimacy in a long-term relationship.

time-read
9 mins  |
July/August 2024
'We have to tell HARD STORIES'
Fairlady

'We have to tell HARD STORIES'

Theatre director and playwright Yaël Farber is spending time in South Africa after her critically acclaimed run of King Lear at the Almeida Theatre in London. We chatted to her about the importance of the pursuit of truth.

time-read
6 mins  |
July/August 2024
THE WHY, THE WHICH & the wardrobe
Fairlady

THE WHY, THE WHICH & the wardrobe

We really got into it this month! Read on for more on the allure of a loosey-goosey jumpsuit, vintage-hunting and jingle-jangling jewellery, the best places to find quality African design and short-girl styling tips.

time-read
10+ mins  |
July/August 2024
LIFT your GAME
Fairlady

LIFT your GAME

Thought weightlifting was just for bodybuilders and powerlifters? Not so. In fact, 'lifting heavy shit' may be the secret to longevity, hormone regulation and mood for women through perimenopause and beyond.

time-read
8 mins  |
July/August 2024
TREATMENT PLAN ON YOUR MARKS
Fairlady

TREATMENT PLAN ON YOUR MARKS

Armed with a six-month programme from Dr Nerina Wilkinson + Associates, Jennifer Morin set about tackling her sun damage and melasma.

time-read
8 mins  |
July/August 2024
PLAYING YOUR CARDS RIGHT
Fairlady

PLAYING YOUR CARDS RIGHT

Here's how to get the most out of loyalty cards.

time-read
5 mins  |
July/August 2024
BIG SKY Country
Fairlady

BIG SKY Country

Namibia. Twelve friends, five vehicles, 4000 km, thirteen days. Eight punctures, one angle grinder. One martial eagle, one full moon, one ghost town. Plenty of top-quality braais, maybe not quite enough oysters... and the best time ever.

time-read
9 mins  |
July/August 2024
IS YOUR HOME MAKING YOU SICK?
Fairlady

IS YOUR HOME MAKING YOU SICK?

Leaks, damp and poor ventilation in old or poorly built new homes are being fingered for a growing health concern: mould.

time-read
7 mins  |
July/August 2024
HOW TO REALLY GET TO KNOW SOMEONE
Fairlady

HOW TO REALLY GET TO KNOW SOMEONE

The Korean word 'nunchi' describes 'the ability to be sensitive to other people's moods and thoughts'. It's an underrated skill that we seem to have lost.

time-read
9 mins  |
July/August 2024
How to write a memoir
Fairlady

How to write a memoir

Whether you want to share your experiences and insights with the world, leave a legacy or track pivotal experiences for yourself, writing your memoir can be a grand and worthwhile adventure. Here's some advice on how and where to begin.

time-read
7 mins  |
July/August 2024