How Millionaires Manage Their Money Differently?

Wealthy people manage their money differently than everyone else. They make different decisions and have an entirely different way of thinking about money. But even if you’re not wealthy, you can still manage your money like the wealthy do. It’s step one of becoming wealthy. There are 10 specific ways wealthy people manage money differently than everybody else.

1. The wealthy forget about instant gratification.

Humans are wired for instant gratification. We love it. But evolution made us that way long before our modern monetary system came about. The desire for instant gratification doesn’t help us when we’re trying to become wealthy; it hurts us. Stop making decisions that will make you happy now, but mess up your future wealth.

2. The wealthy understand the difference between wants and needs.

“We need a bigger house,” you may say. Don’t confuse wants with needs. A common mistake poor people make is to disguise wants as needs as a way to to justify them. Then you feel better about making a poor financial choice. Wealthy people understand the difference between what you need and what you want. Know the difference between a want and a need and don’t lie to yourself about it.

Beyoncé Knowles Tops The FORBES Celebrity 100 List

Who runs the world? In entertainment, it’s Beyoncé. The singer has climbed to the No. 1 spot on the Forbes Celebrity 100 after an amazing year featuring a massive tour.
Queen B played 95 shows, bringing in an average $2.4 million per stop, according to Pollstar. She also dropped her most innovative album. Titled simply Beyoncé, the album hit iTunes with barely any publicity and was billed as a “visual album” because there was already a music video for each of the 14 songs.  The single “Drunk in Love” has gone platinum, selling more than 1 million copies.

But Beyoncé doesn’t stop with music — she’s built a small business empire. She earns millions endorsing companies like H&M and Pepsi. She has a line of fragrances with names like Heat, Rise and Pulse, and then there’s her clothing company House of Dereon, which features jeans, shoes and accessories. All together we estimate that Beyoncé earned $115 million between June 1, 2013 and June 1, 2014.

5 Reasons Why You Will Never Become Financially Free

Many people want to be financially independent to do whatever they want, whenever they want with whomever they want but only a few of them become so.
So if you are one of them, let me give you 5 reasons why you are still not financially independent.

#1 You think it’s impossible

I spoke with many people about financial independence and each one of them completely agrees on the fact that financial independence is great.
Not worrying about money, travelling wherever we want, buying whatever we want without feeling guilty…is something many people want but only a few of them will ever achieve simply because they will tell themselves:

“Stop dreaming! That’s not going to happen, that’s too good to be true…”

Which boils down to:

“That’s impossible”

That belief is what prevents most people from ever reaching financial independence because if they believe something is impossible they won’t take any action. They won’t read any book about finance, they won’t attend seminars, they won’t interview people who are already financially independent, which is necessary to become financially independent.

#2 You don’t have any plan

If you say that one day you’ll be financially independent make sure you have a plan. Having a strong desire to get something is not enough, you need to implement strategies otherwise that’s just dreaming.
So can you tell me what is your plan for the next 5 years? What will you implement exactly in the future to reach your financial independence?
If you can’t answer both questions, finish reading this article and start writing down your plan. I don’t want you to procrastinate! If you tell me that you’ll make it tomorrow you won’t do it. So start making a plan and stick to it!