How to get rich
If you have discipline, desire and faith, you will become rich.
You came to this website to learn how to get rich. Being financially stable is important so you can pay for your basic needs and unexpected expenses. It can also help you pursue your passions without worrying about money. People want to be wealthy so they can provide a better life for their families, donate to charity, or leave a legacy. On this page, you will find everything you need to become wealthy beyond your dreams.
This step by step guide will be divided in the following steps:
1. Look into the future
2. Assets not liabilities
3. Financial literacy
The steps will be further discussed, so let us jump right into it.
Look into the future
Looking into the future is what it took for me to realise that I had to do something.
As a young man, I thought I was going to get rich by studying hard and get a good paying job. This is what traps the majority of the popoulation in something I like to call, the rat race. You will never get rich by working 9-5 to pay the bills, when the rest you save will be used on the house, kids, cars or other liabilities. Think about it, don’t just hope that it’s wrong, because it’s not.
The first thing you need to do is to create an overview over your future cash flows.
This can be done by using an excel sheet, where the coloumns are years. Plug in what you expect to earn over the years of your life, a typical salary for your desired education can usually be found by googling it. Subtract the big expenses in the year you expect them to occur, which is typically student debt, house debt, and other.
I did this, and expected to be a billionaire by the age of 80 if I saved all my money, but all I saw was disappointment. Give it a shot and look into your future aswell, it is not a pleasent sight, but it is necessary.
If you do this, you will realise something everyone elses is oblivious to, and it will help you take action. Poor people work to pay their bills, rich people make money work for them. Why do some people get rich and others don’t? They can’t be smarter than me, so I must be doing something fundamentally wrong. Poor people get a degree, get a job, buy a house, get a car and die. They try to work harder to get richer, but their spendings just increase. The rich on the other hand focus on getting richer, not working harder.
Assets not liabilities
Poor people buy liabilities they think are assets, rich people buy real assets that generate money.
A bigger and prettier house is something many assoiciate as a nice asset to have, but in reality it is really a liability. A bigger houseloan, property tax, heating, maintanance and etc. A house that can be rented out on the other hand is a nice asset, that generate money. It is important to avoid using money on flashy items, and instead use them on investing in assets. Some assets are:
The best way to improve your knowledge on making money is by reading about finance. You can find lots of resources on the topic, like books or online articles and podcasts. This will help you learn how to handle your money better by giving you advice on things like saving and investing. Learning about finances can help you make better decisions about your money in the future, and help you stay stable. Make sure to check out different educational resources on money, and if you have any questions, you can always ask an expert.
Read about taxes, accounting, support, benefits and etc.
Consistency is the key to success. It’s not just a cliché; it holds true even in tough times.
No matter what you’re aiming to accomplish, remaining focused and consistent is essential to achieving your goals. The one thing that sets successful people apart from those who never make it is consistency. Even when everything is going wrong and it seems like there’s no light at the end of the tunnel, sticking to your plans and putting in the hard work day after day will get you where you want to be. You might not see the progress right away, but over time, small steps taken consistently will add up to big results. So the next time you feel like giving up, remember that consistency is the key to success, and keep pressing forward, one step at a time.
Have faith. This will let you be able to unlock infinite intelligence.
When talking about faith, I am not referring to the religious kind, but rather faith in yourself. It will not only make it easier for yourself to be consistent, but it will also make you come up with new ideas and solutions by unlocking something called infinite intelligense. Napoleon Hill describes infinite intelligence in “Think and grow rich” as:
“Infinite intelligence is the force that gives order and origin to everything in the entire universe. It is the prime source, the first cause of everything that comes into existence.
You, the individual are a precise expression of this force. You have no limitations except those accepted or deliberately set up in your own mind. Additionally, all that is needed to access this creative power is absolute belief, total applied faith, and unwavering persistence.”
To sum this up, if you have no idea how you are going to obtain your goal, as long as you have faith, you will tap into infinite intelligence which will bring fourth your desired outcome eventually.
What you create in your mind, will be reflected in the external world.
The truth is that we all have a choice when it comes to what we want to believe. The tricky part is that your mind changes what you believe in from day to day according to disempowering circumstances.
The trick is therefore to force your mind to have faith in something. Tell yourself, write yourself, and pressure your desired goal into your subconcious so that you eventually truly will believe it.