RICH
INTRODUCTION
Wealth: nearly everyone wants it, but few people actually know what they need to do in order to get it. Becoming rich takes a combination of luck, skill, and patience. To get rich, you'll need to set yourself on a path that leads to a monetarily enriching career, then handle the money you earn wisely by investing it, saving it, and reducing your living expenses. Getting rich isn't easy, but with a little bit of perseverance and skillful decision making, it's definitely possible
how to be rich
Grant Cardone is a highly successful entrepreneur, New York Times best-selling author, and sales training expert.
SHORT STORY ABOUT BEING RICH AND THE MORAL STORY BEHIND IT
Wealth: nearly everyone wants it, but few people actually know what they need to do in order to get it. Becoming rich takes a combination of luck, skill, and patience. To get rich, you'll need to set yourself on a path that leads to a monetarily enriching career, then handle the money you earn wisely by investing it, saving it, and reducing your living expenses. Getting rich isn't easy, but with a little bit of perseverance and skillful decision making, it's definitely possible
how to be rich
Too many people out there are offering ridiculous ideas on how you can become rich.
I can promise you that 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 Starbucks coffee and save $3 a day and that will somehow turn into a fortune.
You can skip your $5 Starbucks 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, 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 there left over 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.
Here are 5 non-fiction tips you can use that will actually get you to millionaire status:
I can promise you that 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 Starbucks coffee and save $3 a day and that will somehow turn into a fortune.
You can skip your $5 Starbucks 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, 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 there left over 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.
Here are 5 non-fiction tips you can use that will actually get you to millionaire status:
1. Invest in you
Successful people invest time, energy, and money in improving themselves. A man told me once, "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 else out. This means investing in yourself to become great at something.
I invested in sales training when I was 25. That made my income-producing ability skyrocket. Investing in yourself is the best investment you can make.
Successful people invest time, energy, and money in improving themselves. A man told me once, "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 else out. This means investing in yourself to become great at something.
I invested in sales training when I was 25. That made my income-producing ability skyrocket. 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 sales Jarrod Glandt started working for me over seven years ago for $2,500 a month. He wasn't making anything but he was in the right vehicle. He grew his skill set and was able to multiply his monthly income many times over because he knew I was looking to expand.
Too many people just 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.
The rich are able to get in with the right company where there is opportunity for growth. My VP of sales Jarrod Glandt started working for me over seven years ago for $2,500 a month. He wasn't making anything but he was in the right vehicle. He grew his skill set and was able to multiply his monthly income many times over because he knew I was looking to expand.
Too many people just 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.
Getty Images
Starbucks CEO Howard Schultz greets employees and others at one of the company’s locations in Charleston, S.C., June 19, 2015.
3. Get great at what you do
Commit to being great, not just average. Any industry can be a painful profession for average and bottom performers, but massively rewarding for those that are great. Those that live, breathe, and eat their profession, those that are obsessed, become great.
I have never met a great 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 get great.
Commit to being great, not just average. Any industry can be a painful profession for average and bottom performers, but massively rewarding for those that are great. Those that live, breathe, and eat their profession, those that are obsessed, become great.
I have never met a great 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 get great.
4. Get multiple, connected income streams flowing
You won't get rich without multiple flows of income. That starts with the income you currently have. Increase that income and start adding multiple 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. My video guy does advertising for me — and after proving himself, he started making advertisements for those connected to me. He didn't start a doughnut shop.
Too many people go from one flow to a second flow, resulting in two flows that do nothing. Your flows should always be connected.
You won't get rich without multiple flows of income. That starts with the income you currently have. Increase that income and start adding multiple 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. My video guy does advertising for me — and after proving himself, he started making advertisements for those connected to me. He didn't start a doughnut shop.
Too many people go from one flow to a second flow, resulting in two flows that do nothing. Your flows should always be connected.
"Saving $100,000 shows that you have an ability to make money and keep it. Most people can't do either."
5. Hit $100K, then invest the rest
First, 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. I'd recommend multi-family real estate if you are conservative like me. I never looked to get rich quick, but I did look to get rich.
First, 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. I'd recommend multi-family real estate if you are conservative like me. I never looked to get rich quick, but I did look to get rich.
SHORT STORY ABOUT BEING RICH AND THE MORAL STORY BEHIND IT
There once was a poor man that lived on the streets of a small town. He was always standing on the same corner everyday. His name was Drew Carrington. He
was twenty seven and was kicked out of his home that had his girlfriend there. As people passed him, most felt sorry for him and would give him some loose change. Most days, he would have enough to get a little something to eat. Some people that would pass him and not give him anything, used to be good friends with him. They started ignoring him and everything when he got kicked out, none of them wanted to help him out because it didn't benifit them. Lots of times, Drew would see someone in the stores or somewhere that was a few cents short when buying something and would help them out even though he was strugging. He always thought of other people. One day, he got a job when he was outside of a big building. They offered him good money and in a matter of time, he was rich. He was doing so good but he started not thinking of others. When he saw someone not have enough money, he would ignore it or tell them to hurry up because he needed to go. No one wanted to be around him because he got all the richness to his head. The guy that got him the job soon fired him. Drew was fine with it, he still had money. After a while, his landlord evicted him from his house and he was on the streets because he spent all his money and was really far behind on rent. He was back where he started. Drew went back to being caring and all and he started getting things again, not becoming rich like he was but he started doing well with a good job. But he didn't give up caring again.Whole point of the story, don't dump what you do just because something new is in your life. The guy was nice and caring towards other people but became rich. Just because he beccame rich later doesn't mean he can't help people out. It's like friendship, you may want to be all big in your group but changing yourself completely is just lying to not only other people but you're lying to yourself. A little change is good every once in a while, but you don't want to loose everytihng like Drew did.
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