The truth of the matter is that very few ever tap into their hidden potential inside. They relent to bad habits and the status quo, never really thinking that they can achieve their biggest goals in life. They give up and throw in the towel, calling it quits. But it’s virtually impossible to get rich if you give up. Failure is just a stepping stone. It isn’t the end of the road.
If you’re serious about Get Rich Quick , not just making lots of money, but in creating significant wealth, here’s a blueprint on how to do just that.
1. Investing in the Market
The easiest and the most efficient way to grow the money you’ve already saved is through investing in the stock market. The best part is it doesn’t take much work on your part; it can be put on autopilot.
No, investing in the stock market will not make you rich overnight. It’s a slow, steady and consistent way to build wealth. With a 7% average yearly gain, your initial investment will double ten years.
You can’t do that to Get Rich Quick keeping it in a savings account. In fact, in 10 years, your savings will be worthless because of inflation.
2. Educate Yourself
Financial education is your best investment. I made it my New Year’s resolution to educate myself about money — since I spent almost 20 years being terrible with it.
I read two books to Get Rich Quick : The Simple Dollar and I Will Teach You To Be Rich. Start there. We also created an awesome podcast where we drink beer and talk money to help make it all a bit easier
3. Get Specific About Your Goals
Getting wealthy or attaining a certain level of income is just like achieving any other goal. To get there, you need to ensure that you set those goals the right way. Set SMART goals and be very specific about them. Don’t set them arbitrarily in your mind. Write them down and come up with powerful reasons why you absolutely must achieve them. That’s one of the biggest and most potent internal transformations that you could make in your mind.
4. Make More Money
Not every investment has to start with money. Making some simple changes in your lifestyle can drastically improve your life and work which in turn can make you more money.
Are your friend’s ballers? Do they go out all the time a spend tons of money on expensive dinners, gadgets and other crap they don’t need? If your friends are not financially responsible, it is going to be harder for you to be responsible.
You want to surround yourself with people who have the same goals to Get Rich Quick as you and people you can learn from. You need financial friends. It’s probably about time that you got financially naked.
5. Mind Your Own Business
While it is possible to make a lot of money while working for someone else, the truth is that you should mind your own business to Get Rich Quick . Start and grow your own business, no matter what it might be. Identify what you’re really good at, and develop the skills into a business that you can expand over time. Don’t look for instant payouts or overnight riches. The reality is that it’s going to take time, so you might as well start now.