We all want to be rich. Like Oprah. Or Mrs. Folorunso Alakija. But by now we must have realized that those billions won’t just drop on us, we’ll have to do something.

If we’re going to be as wealthy as we dream of being, we’ll need to pay attention to these 5 aspects of our personal finances. Here’s how to become rich:

1. Saving more money


Saving money is tougher than it sounds, and anyone that has tried to save knows this. If you save by transferring money to an account you don’t use as often, there might be times you’ll default to use those funds for something else. This is why we always suggest that you automate your finances. This way, your savings go where they’re supposed to – whether you feel like it or not. 2. Take investing seriously

Investing is a really important part of your personal finances. It’s like owning an organization (your life) and having an employee (money) who works to earn your more money – return on investment. If you want to know how to become rich, investing is a no brainer, and the time to start investing is now. Buying assets like land is great, but you can start small with these low-cost investment options.

3. Increase your earning


If you work at a job where there are no possibilities of increasing your income, you need to start looking for another way to earn money, and for a better paying job. When you earn more money, you have more money to save, invest, and enough left over to live comfortably. If you think you’re due for a raise at work, you can negotiate a pay raise with your boss. 4. Control your spending

Most of us don’t even know the things we’re spending money on. All we know is that the money disappears in less than 2 weeks. We can be more conscious of our spending patterns by using the envelope system.

5. Go for knowledge


Rich people didn’t figure out how to become rich by accident. Knowledge is a lifetime investment in yourself, so don’t neglect this aspect of your life.