Tag Archives: how to become rich

3 Signs That You Will Become Rich One Day

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Ever wondered if you’re going to be a millionaire some day? Well, here are top 3 signs you’ll know you’ll be rich one day.

1. You always shoot for the moon

You know how the saying goes, “Shoot for the moon. Even if you miss, you’ll land amongst the stars.”

If you’re the type of person to strive for an A when you only need a B to pass the class, you have the mindset of a millionaire.

On a mission to become rich, shoot for $10 million, not $1 million.

Take a look at the successful billionaires of world, for average human being, it might seem like these successful people are out of their minds to be thinking of something out of the norm.

While no one achieves a 100% rate of successful attempts at running business, all it takes is for a single business idea to strike big like Dallas owner Mark Cuban often advises “All it takes is to be right once.”

Continue to think big.

2. You maintain an open mind

You are not afraid of new ideas and know that closed minds do not inspire faith, courage, belief and active imagination.

Successful millionaires change their psychological approach to money, success, and happiness.

“The person with a ‘closed’ mind on any subject seldom gets ahead,” writes Hill.

On the flip side, the wealthiest, most successful people are constantly seeking feedback and looking for ways to improve.

That’s why so many business leaders, including billionaire Richard Branson, claim to have never “made it,” despite their wild success.

3. Invest whatever you can

Being rich is not a question of one’s ability or fortune or even a sense of entitlement.

The question of why one is not wealthy can in most cases be simply attributed to the fact that they are not being investors.

Most times we think a large sum of money is required to start investing.

On the contrary, there are actually a number of investments out there that give good dividends for small amount of money. It’s all a matter of searching these investments out there. This is where being open minded helps. Always be open to new investment ideas.

I made a mistake of not investing in Bitcoin back when it was in low $200/unit. I did invest in it, but it was in small amount because I wasn’t too keen on the idea. If I had maintained an open mind and did my research about the blockchain technology behind it, I would have poured more into investment.

In fact, how much you save and invest is oftentimes more important than than the size of your paycheck.

My Two Cent

Now, you know the signs of whether or not you’ll be rich one day, start adopting this mentality to be another step closer to become rich.

Remember, there is no shortcut and if anyone tells you that, is just looking to sell their product! Thank you for watching and I’ll see you again. Keep hustling!

8 Things Poor People Do That The Rich Don’t

To become rich, first, you need to stop doing things that make you poor.
In today’s article, I’d like to share with you the 10 things poor people do that the rich don’t. Let’s do this.

1. Poor People Focus On Saving

In truth, if you’re broke you need to make more, not save more. One of the things poor people do is stress over money.
On the other hand, rich people see it as a tool, a resource that can be used to get to where they need to be – which is to make more money.
Saved money does not grow, you need to put your money to work, don’t squirrel it away for when you’re too old to live your best life. Put into investment that gives good returns if you find the idea of running business is too challenging.

2. Poor People Get Paid Based On Time

It’s important to grasp that results are the real currency of the world, not effort. For some this is a shocking revelation.
It does not matter if you are the best at your specific job. If you are not contributing to the bigger picture you will be seen as just another number.
Don’t be afraid of making big moves, shock everyone and change the world.

3. Poor People Blame Others 

Don’t fall into the blame trap. Blaming external circumstances take away your power!
No matter the challenge, it is your responsibility to change it.
Rich people gain self confidence from knowing that their lives are in their own hands if they want better lives, they do better. Stop blaming, start acting.

4. Poor People Think They Have All The Answers

If you ask a poor person why they are poor they will give an answer or rather their belief, why they are poor giving mostly excuses. I may sound harsh, but if you listen, they never really talk about what they should have done, instead, they give reasons which they believe are valid.
One of the things poor people do is talking about other people rather than ideas. They’ll say they are not lucky or even go further to say rich people become who they are by lying and cheat. Poor people tend to be highly-opinionated about anything that is outside their realm of influence.
Rich people are continuously learning, continuously growing and stepping out over their own boundaries in the search for self development.
What’s worse than people than have an opinion on everything?
People that listen to them! It does not matter how perfectly you do things or how successful you become there will ALWAYS be haters.
Haters will drag you down to their level if you let them, that’s all they want, to feel equal.
Put the blinkers on, don’t look back, you’re not going that way.

5. The Rich use their time effectively

Poor people spend a lot of their time doing activities that do not bring any value. Browsing facebook, watching television etc.
While watching celebrity gossip might be interesting, it does not bring any value or benefit to you. It does however benefit the rich celebrity who instead of watching TV is on TV.
They are creating more content (gossip) while the poor are consuming it.
Of course not all media is bad, there are educational books, TV shows etc. And sometimes you need to simply disconnect from the World. That is fine.
However, if you are spending a lot of your time consuming mindless content, it could be a sign of something going on in your life that you do not like.
The rich and the succesful work on their growth, their mission and their problems first. Only then do they possibly consume some entertainment.
 

6. Poor people try to look rich

How often have you seen people trying to impress others with the things they own, the new car, the latest phone.
They are trying to look rich to impress those around them, even those that do not know them. These things are meant to show how succesful they are. How rich they are!
In fact, Poor people spend more on trying to look rich instead of working on actually getting rich. And, all of that stuff that they spend money on is holding them back.
These things that they are buying do not bring any real value. These things become a burden, you have to keep working to afford these luxuries.
How often do you see these type of guys ended up selling their expensive cars or homes? You know the answer to that.

7. Poor people don’t look at the bigger picture

While it is a good thing to be present – focusing on future goals is just as important. Truth is, poor people often lack to look into the bigger picture – or the future.
Focusing the smaller picture, or to focus in short term goal, it lacks direction which is an element to failure.

8. Poor people do what everyone else is doing

Lastly, this may sound arrogant, but in reality, if you do what everyone else is doing, you’re mostly gonna end up like EVERYONE ELSE – broke and average.
If you wish to become rich, you gotta do what the 1% does – which is to take road less traveled.

Ending

That’s it guys for today. Let me know what you think about the article and tell me if you think I’ve missed something.
Thank you for stopping by and see you again soon.
Happy weekend! And don’t forget to Execute.

5 Secret Habits That Will Change Your Life

Have you ever wondered why your life remains stagnant despite all the hardwork you’ve put in? You’ve been hustling day in and out; yet, the result remains the same.

Well, I went through that at one point in my life. So, here are the 5 secret habits that changed my life and hopefully yours too.

Open Eye Experience

  1. Every individual experiences an eye opening event at least once in their life that affects their life forever.
  2. If you seek character development, I’d recommend travelling to less fortunate or isolated locations. This helps you to learn to appreciate the little things. If you wish to know more about it, watch the video in the link right now. (Add link)
  3. From business perspective, I find best ideas often come from traveling experiences. Airports between flight transits would be my ideal location – for whatever reason. You need to find your own place that inspires you.

2 Minute Focus Rule

  1. The 2 minute focus rule has helped me tremendously in overcoming my lack of productivity
  2. The idea of this rule is to use it as a platform for you to start building your focus threshold
  3. Start with getting things done within 2 minutes. Then, slowly build from 2 minutes to 3, 4,5 minutes and so on.
  4. Start with small steps to help you achieve the giant step.
  5. If you wish to learn more about the 2 minute focus rule, I’ve talked more about in the link now (Add link)

My 40/10/50 Rule

  1. Now, I’m sure you’ve heard of the 50/30/30 rule. I don’t like it to be frank with you.
  2. Instead, I reckon it should be re introduced as 40/10/50 instead focusing the bulk of you money to be put into savings/investment.
  3. Also, make this rule flexible depending which point you are in life; try to put as much money into investment if you’re in mid-20s since you have little monthly commitments during this time.
  4. I also talk about this rule in details in another video link shown now on your screen (Add link)

Free Product/Service

  1. If you’re struggling to sign clients that pay well, try offering your services to giant brands in your field for FREE a few times.
  2. Working with big names will attract more attention from other companies to work with you in the future.
  3. It sounds absurd but the goal here is long term. Seeing you have a portfolio of working with big names will help elevate your name in the industry.
  4. To find out more, I’ve shared a link to another video which I talked about it in depth. (Add link)

Just Do It

  1. If you’re a follower of successful billionaires like Elon Musk or Jeff Bezos, they all agree that the main obstacle between you and success is the execution part
  2. Aspiring entrepreneurs tend to overthink till they eventually decide to drop the idea.
  3. This could happen out of fear, procrastination or ‘waiting’ for the right time.
  4. These excuses are all absurd.
  5. Truth is, if you’ve done your homework, you’ll be able to get your fear under control and know that now is the right time.

That’s it from me fellow future millionaires

What do you think of the article? Let me know what you think in the comment section below.

In the meantime, keep grinding and hustling. Execute!

7 Things The Rich Do That The Poor Don’t – Why You Are Still Broke

You put in the effort. You tried saving money but then, you often find yourself with little money at end of each month. You wonder where did it all go wrong.

Today, I’m gonna tell you the 7 Main things the rich do that the poor don’t.

1. The rich focus on net worth, not working income

Poor people often talk in terms of hourly pay, whereas wealthy people know that an hourly income is not nearly as important as someone’s net worth.

One can earn quite a lot of money per hour, but if they don’t learn to keep any of it, they will still be broke in the end.

The rich person knows that a large net worth will net many opportunities and will create more wealth in the future.

2. Create multiple income flows

The more money you have, the easier it is to make more money.

And the easiest and fastest way to make more money is to have multiple income streams – a no-brainer.

That way you always have money coming in and can use the excess income to invest in new income flows. This, in a nutshell, is the primary way the wealthy stay wealthy.

There are two basic forms of income: active income, in which you work for the money you make, and passive income, in which payment isn’t directly tied to the number of hours you work.

Passive income includes rental property, dividend stocks, index funds, writing a book or creating an app, all of which will bring in a steady flow of income from sales or royalties.

3. Invest

Rich people make their money work for them. They know that investing is the key to growing their finances.

While saving money for a rainy day is important, your investments are going to do the heavy lifting to help you become wealthy.

While it’s good to put your money in savings, you need to put most of your money into work i.e. investments.

If you are new to investing, I’d recommend start putting your money into low risk investment. Start small, get a feel to it. It goes without saying you need to do your homework before taking the plunge.

4. The Wealthy Keep a To-Do List – They Stay Organized

Being organized by keeping a to-do list is one of the habits of the wealthy that may seem too simple to be true.

In reality, by staying organized, it helps you to remain focused on important things that will help you to reach your target. In a nutshell, keep your to-do list lean and simple.

Years back, Warren Buffett suggested his pilot to list down top 25 things he wants to achieve in life. Then, he told the pilot to only circle top 5 and focus on it.

Also, keep in mind there’s a research shows that 81% of the wealthy keep a to-do list, while only 19% of the poor will.

5. The Wealthy NEVER Stop Educating Themselves

How often do you hear that the best investment is to invest in yourself?

That’s because the wealthy READ! They will read materials related to their career or education to better themselves.

There are a number of successful people share how reading everyday keeps them on their toes. They continue to learn every day even after achieving success.

In this modern age, knowledge grows and distributed very quickly – globally. To continuously educate yourself is the only way to remain relevant in your industry.

6. The rich associate with positive, successful people

Rich people know that attitude is everything. If they continuously hang out with people that complain about the weather, bad-mouth the government, and speak negatively about the state of the economy, then they will likely start doing the same thing!

If, however, these same people start hanging around individuals that continuously talk about success, opportunity, and the positive things in life, chances are that they will see the world from an entirely different perspective!

Take for example the immigrants that come into the States. They are more likely to end up becoming millionaires compared to those born and bred in USA.

Reason?

US citizens often complain over the little of things, while immigrants see the nation as the land of opportunities. In a nutshell, it comes down to the “glass half-filled or half-empty” argument.

7. LEARN FROM OTHERS’ MISTAKES

Why make a mistake if you don’t have to?

Unlike the poor, rich people tend to see things in the long run. Hence, they plan and budget relentlessly. By having a plan, the rich has a clearer picture of their financial status. This leads them able to spend, save and invest wisely. The opposite can be said for poor people.

On top of that, the rich often educate themselves as much to reduce the risks involve in decision making,

When the rich makes mistakes they learn from them. By networking with other successful rich people they can also learn from mistakes that their peers make too.

In fact, these people are also perfect business partners since they have seen and done it all – so to speak.

My Two Cent

I do know this article sounds like bashing the poor. I’m not.

I’m just sharing with you how exactly it is not to be poor, and as you can see – it’s not ‘rocket science’ as claimed by many ‘business gurus’ out there.

If you read my articles enough, you’ll soon realize that becoming wealthy comes mainly down to two things; you gotta work hard (there’s no shortcut) and to sacrifice your wants for long term success.