InterestingAdvice
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2023-04-18T00:36:00.000Z

How to grow money, advice from a billionaire

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by Baigalmaa
Sugar.mn staff
How to grow money, advice from a billionaire
Photo by Alexander Mils on Unsplash

Billionaire Robert Fletcher, in an interview with Russian journalists who asked about raising the money, said, "I came to your country and bought and used a 50 dollar mobile phone. However, even your teenagers find it amazing to own a $200-$500 cell phone. Money is never wasted unless it is spent wisely. Money is not meant to show off or show off to others. In order to have money, you need to save 10-50% of your profits. Because it is clear to everyone that no new business opportunity can be started without money. There is no such thing as saying that money will attract money. When money grows, investing in real estate is less risky. If you decide to invest in savings, you should study it very carefully and wisely. Also, investing with the help of experienced and wise people will bring profits. The money you save will bring you more money, and you will get more money by looking for new ways to make more money. In other words, as money increases, it means to increase investment. The main principle I have followed is to have at least 5 sources of income. "After that, I think that I can spend 10% of my income on buying big things, traveling and tourism."

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