![image.png](https://images.hive.blog/DQmTfZWtqub97ytP3ijKbBcT2Pvp3gHKdKDopE1bvMnYL4j/image.png)[Mark Cuban](https://commons.wikimedia.org/w/index.php?curid=104923448)


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I have a habit of listening to very rich people as I believe this is one way to improve your knowledge in terms of finances.

Financial literacy is a problem in recent times as a lot of people think it can be gotten from the four walls of a school. I think it is best gotten informally.

Mark Cuban happens to be a popular name in terms of the richest people in the world. I managed to have heard his name from talks regarding bitcoin and also a show on tik tok where he offers small companies money for a part of their company.

So a few days ago, while scrolling on Tik Tok I stumbled on something interesting from Mark Cuban. He was talking about his 9 tips to getting rich.

In this post, I will be giving a summary of his 9 tips.

#### Live like a student

It is normal to want to upgrade when you hit that first job. I know this for a fact because when I started my job, I changed my diet and my type of clothing. Looking back now, I think if you need to accumulate wealth very fast, you need to live minimally.
Don't get that car yet. Just live like you never had a job. Live on the basic needs.

#### Don't use credit cards.

Well, in my country credit cards are not so common. However, people buy things and promise to pay later. What Mark is trying to say is *there is no room for debts.*
Nobody ever gets rich by  having a lot of debts. Although I have heard men like Robert Kiyosaki say things like rich people use their debt to make more money for themselves.


#### Save up 6 months income.
So sad that I didn't do this with my job but this is something you want to do. Its important to have a reservoir of income. This is more like an emergency fund. 
Never live your life without an emergency fund. I mean what if you want to move from a particular place? what if you get sick or something comes up?
You need an emergency fund.

#### Put the savings into the cheapest standard and poor index fund
I was able to know about this by reading the book *the intelligent investor* and I found a way to invest in the S&P 500 using the $VOO ETFs on Bamboo app. If you are in Nigeria, you can use Trove , Bamboo and Rise to access the S&P. In the US, Fidelity investments , Charles Schwab's is the main choice. He also says that if you are a bit adventurous, you can put 10% of the savings into #BTC, #ETH or any cryptocurrency of your choice but when you do this, think of it as if it has gone. Well, I rather diversify the 10% on various crypto with Hive having the most part of the 10%


#### Buy a lot of things you need when they are on discount.

He says that whenever you see something you need on a discount, get your hands on them and buy a lot. He claims that it is a form of investment in which you get your ROI immediately as there is a high chance that the price is going to shoot up. For example, if you see a toothpaste that is going at a 50% discount, you could buy the amount of toothpaste you need for two years. This will save you a lot of money as they are your needs and will never go to waste.

#### Negotiate using cash.
He also claims that negotiating using cash is a way of investing money. For example, you go to a gym and they ask for 30$ and you tell them you have 20$. He claims that they will most likely take the offer.

#### Read books
He claims that reading book can give ideas and if a 30$ book could get him an idea that will propel his life, then it was a nice bargain. I can particularly testify to this. Reading is so underrated. You give a person a book to read and they tell you if they are meant to complete the book. Funny enough, the book is what they need to succeed.


#### Nice works.

He says running a company is not easy and if you are going to be rich, you have to be empathetic . After which you have to work hard. 


Well, that's  all for now. If you enjoyed the post, please if you found this helpful, please upvote and leave a comment.


Thank you for reading.

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