According to findings, 5.8% of Americans are considered millionaires. The average millionaire is 62-years-old and only 1% of them are under the age of 35. How does that sound to you?
Maybe you are freshly out of college and you are looking for guidance or it could be that you are doing the 9 to 5 job and you are tired of it. Maybe you are anywhere in life and you are trying to get rich.
This article contains all the information you need to go from the poor or the middle class to the top 5.8% or even the 1% of the society. These are the steps all successful people have used to changed their lives and when followed it will change yours.
1. Work on your mindset
Trying to become a self made successful person without the right mindset is like trying to dig a hole with a teaspoon. What goes on inside your brain heavily affects what you do.Somebody said, "Your words control your life, your progress, your results, even your mental and physical health. You can't talk like a failure and expect to be successful".
Change how you interpret failure. Imagine you start a business and you lose all the money in two months. How would that make you feel? Would you give up on the business or you keep trying until you succeed? Failure is nothing more than a lesson. A man only becomes a failure when he stops trying.
Change how you think about rich people. You can't attract what you hate. If you always criticise or condemn every rich person you see, you may have to change that mindset if you want to be rich.
2. Be financially educated
There is no point in making $1 million if you Will waste it all. Being financially literate is important. Just look around, you see stories of people who won the lotteries, making millions of naira and lost it all in months. Why is that? They don't know how money works and what to do with it.
On finance, buy assets and not liabilities. In business, assets are things that have the potential of making you money in the future. Liabilities are things that take away money out of your pocket. Rich people focus on investing and they don't like buying liabilities.Practice healthy financial habits. Your habits define who you are. Practice saving and investing. No matter how much you earn, make it a habit to save.
3. Work on you skills
You can't make lemonades with no lemons. You can't make money without having a skill, you need something to offer to the market. You need to become valuable. If your goal is to start a business, that's great, but you need to build a capital. You need to start offering something valuable to the market.
You can monetize your passion which you can learn more about on the internet. The most important skill is the skill of acquiring new skills with speed. To learn faster, practise focus. You can't learn anything when you are easily interrupted.When you are learning or working, eliminate all distractions. Let everyone know that you are busy. Turn off your phone.
4. Support your dreams by being irreplaceable to the market
Whether you are starting a business or working on a personal brand, you can enter into a market with a lot of competitions easily. Have you ever asked yourself why it is so easy to lose a normal job? Take for instance the job of an assistant, you can easily be fired and it won't be long before you will be replaced with somebody else. That's why many jobs pay less.
To earn more, you need to be irreplaceable and unique. Imagine you are the only one selling Tomatoes in your state, business will be going but if they are many it will be very hard to make good money. Work on skills that will make you irreplaceable in the market.
5. Fail forward
Now, you are in business and you are selling you skills to the market, get ready to fail big time. This phase is all about experimenting. You might even find out that the skill you learnt is not fit for you. That's fine.Failing is part of being successful.
You can't achieve anything great without making mistakes. Create the mindset that if you are failing you are growing. Only poor people don't fail in anything. When you are failing it shows you are growing and moving forward.
Getting rich is not easy and sometimes you might feel overwhelmed. That's good because it means you are improving. Whenever you feel confused and you don't know what to do next, just pick one task and get it done.
Thanks for reading. Do like and share this article with your friends.
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