Tired of having a bank account that never seems to grow? Apart from changing jobs, there are other ways to multiply your income.

Here are five tips from the super rich on how you can grow your money:

Split your monthly income

Well-known Hong Kong billionaire Li Ka-Shing reportedly believes in a five-year plan for young professionals to grow their money. It involves splitting your monthly paycheck into five pots.

The first, which is 30% of your income, goes toward your living expenses. This is the largest portion, but it does not mean you live large. Li's advice is to eat simply and have basic meals, nothing lavish here.

The second pot, about 20% of your monthly pay, should be used to widen your social circle and establish friendships. Tap this fund to buy a meal for two people who have helped you in your career or are wealthier.

Li believes if you do this every month, your network of influence will expand and pay off in future.

The third portion accounts for 15% and goes toward education. Read and learn as much as you can. Attend courses. You not only beef up your knowledge, you may also meet other people of influence during the course of your training.

Avid travelers will love the fourth pot, which comprises 10% of your monthly income. Funds here can be used for trips overseas. Visit another country at least once a year, so you can enrich your life experience. Observing different countries and meeting different people will change your perspectives on life. It also recharges you and sharpens your view on life.

The final pot, which is 25% of your pay, goes toward your savings and can be tapped later for investments. The money can be used to start a small business, which Li says has lower risks since any loss will be small.

And when you do start earning money from it, the experience will bolster your confidence in running a business.

Find holes to plug

When you are ready to grow your personal wealth with a new business, think carefully about what this should be.

One of India's youngest millionaires, Nikhil Kamath spent his early years testing out various business ideas, including laundry service and selling used phones. However, these yielded lukewarm results.

He only found success after finding a void in the retail investment market that he could plug. That was when he started brokerage platform Zerodha in 2010.

Kamath says: "Often we spend too much time trying to figure out what is the problem we want to solve. I think to pay heed to the industry, and the long-term cycle that industry might be in, is very important. Pick an industry at its inflection point."

Think long term

Another famous billionaire businessman espouses the long-term view. Warren Buffet wrote in his 1996 letter to Berkshire Hathaway shareholders that an investor's goal was to purchase shares in companies that would remain robust over 10 or 20 years.

"If you aren't willing to own a stock for 10 years, don't even think about owning it for 10 minutes," he wrote.

And when he spots a business worth investing in, Buffet not only goes big, but also believes in for the long haul. For instance, he forked out more than US$1 billion worth of stocks in Coca-Cola in 1988. He still owns those shares today.

In a 2018 interview with CNBC's Squawk Box, he notes that nobody buys a farm because they think it will rain next year. "They buy it because they think it's a good investment over 10 or 20 years."

Ask others for money

To grow money, you sometimes need skin thick enough to ask others for money.

Celebrated American filmmaker Spike Lee, for one, has no problems approaching people for money. "[Because] I believe in my talents, my storytelling abilities, and also the people I surround myself with on projects I make."

And he is not alone. Self-made millionaire Steve Siebold writes in his book, How Rich People Think, that the rich are unafraid to fund their future using other people's money.

"The wealthy know money is always available because rich people are always looking for great investments," Siebold says.

Invest your money

Of course, some of the best ways to grow your money is to invest it. Li and Buffet should know, having made billions from their own investments.

So where do you start? First, decide on your goals as well as your risk profile. It will also help to understand the types of investments that are readily available. Then identify your investment portfolio and monitor its performance. Constantly measuring the returns will let you see what kind of adjustments you need to make.

There are also online platforms such as Share4youthat let you learn from other experienced traders. The copy-trading platform enables beginners to pick and automatically copy the trading activities of more experienced traders.

You can browse the profiles of traders on Share4youand view their track record. Then choose the traders whose trades you want to follow automatically and watch your portfolio grow.

With that, sit back and rake in the dough! But, do remember that forex trading involves significant risk to your invested capital. Get acquainted with the terms, conditions and policies for Forex4you supplied services and programs here.

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