Excessively numerous individuals out there are putting forth crazy thoughts on how you can become rich.
I guarantee you that you will not get rich by skipping your daily latte. Look, if you don’t have income then there is no money to save. Don’t let anyone give you the idea that you need to skip your latte and save $3 a day and that will somehow turn into a big fortune.
I can skip my $5 latte every day and save $10,000 over the next five years, but if you think $10,000 is going to change your life, you’re not just broke and on your way to be poor forever, you’re being stupid. Of course you should spend less than you earn, but if you make $50,000 a year with a couple of kids, what money is remaining to save?
If you are serious about getting rich, you need to get your mind focused on income. Increase your income enough and you will be able to save something substantial.
These 5 tips you can actually get you to millionaire status:
1. Invest in you
Successful people invest time, energy, and money in improving themselves.The best way you can help people in need is to not be someone in need.Help yourself out so you are in a position to help someone in need. So, you better invest in yourself to become great at something.
I invested in digital marketing training when I was 25. That made my income-producing a way better than it was before. Investing in yourself is the best investment you can make.
2. Find a job in the right vehicle
The rich are able to get in with the right company where there is opportunity for growth. My VP of marketing Lea Landth started working for me four years ago for $1.500 a month. She wasn’t making anything but she was in the right place. She grew her skill set and was able to multiply her monthly income many times over because she knew I was looking to expand.
Too many people simply look for a job. You need a job, but you need the right vehicle. All companies live from this thing called revenue. Get commissions rather than just a salary and you will finally be in control of how much you earn.
3. Get great at what you do
Focus on being the best, not just average. Any industry can be a difficult profession for average and bottom performers, but hugely rewarding for those that are great. Those that live, breathe, and eat their profession, those that are passionate , become great.
I have never met a great person who wasn’t all in and completely consumed by their trade. Have you?
The fact is, if you aren’t great, you are average. The rich become great.
4. Get multiple, connected income streams flowing
You will not get rich without more than one flows of income. That starts with the income you currently have. Increase that income and start adding more flows.
You want what are called symbiotic flows. Do not just add disconnected flows. Instead, find other ways you can add income to the job you already have.
Too many people go from one flow to a second flow, resulting in two flows that do nothing. Your flows should always be connected.
5. Hit $100K, then invest the rest
To begin with, try to save $100,000. Why? You need to prove to yourself that you can go out and get money. If you only have $10,000 saved, your only priority should be increasing your income so that you can save more.
Saving $100,000 shows that you have an ability to make money and then to keep it. Most people can’t do either of those things.
Once you can earn and save, then you can start building wealth. If you are conservative invest in real estate. I never looked to get rich real quick, but I did look to get rich. Also you can invest in stock or in a growing businesses.
If you truly want it and you spend your time, energy and focus on that, you will become self-made millionaire.